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AB438-SSA1,26,19 17229.687 Baseball park facilities improvement segregated fund. (1) The
18district shall establish and maintain a baseball park facilities improvement
19segregated fund. The fund shall consist of all of the following:
AB438-SSA1,26,2020 (a) Moneys borrowed or accepted and deposited under s. 229.68 (8m).
AB438-SSA1,26,2121 (b) Moneys transferred from other district funds under s. 229.685 (3).
AB438-SSA1,26,2322 (c) Moneys deposited by a county under 229.695 and payments made by the
23department of administration under s. 79.037 (4).
AB438-SSA1,26,2424 (d) Moneys received from the department of administration under s. 16.09.
AB438-SSA1,27,3
1(e) Payments required to be deposited by a professional baseball team under
2a lease agreement, as specified in s. 229.6802 (1) (b) and (c), and the moneys required
3to be deposited by the district under s. 229.6802 (1) (d).
AB438-SSA1,27,44 (f) All income or interest earned by the investment of moneys of the fund.
AB438-SSA1,27,55 (g) Ticket surcharge receipts deposited under s. 229.682 (12) (c).
AB438-SSA1,27,7 6(2) (a) Subject to par. (b), the district may use moneys deposited into the fund
7under sub. (1) only for the following purposes:
AB438-SSA1,27,98 1. The development, construction, improvement, repair, and maintenance of
9baseball park facilities.
AB438-SSA1,27,1110 2. The district's performance of obligations under any lease with a professional
11baseball team with respect to baseball park facilities.
AB438-SSA1,27,1212 3. Repayment of loans or moneys accepted under s. 229.68 (8m).
AB438-SSA1,27,1313 4. The district's retention of a 3rd-party negotiator under s. 229.6802 (3).
AB438-SSA1,27,1814 5. After 2030, payment of annual insurance premiums with respect to the
15ballpark facilities upon the affirmative vote of the district board and solely to the
16extent that the district board determines that funds held by the district in accounts,
17other than the baseball park facilities improvement segregated fund under this
18section, are insufficient to pay the premium in full.
AB438-SSA1,27,2319 (am) Notwithstanding par. (a), annually on March 3, beginning in the year
20after the district receives a notification under s. 16.09 (3) (c) 6., the board shall pay
21from the fund under sub. (1) to the secretary of administration for deposit into the
22general fund an amount equal to the amount of surcharge moneys received under s.
23229.682 (12) (a) in the preceding year.
AB438-SSA1,28,224 (b) The district may not use moneys deposited into the fund under sub. (1) for
25the development, construction, improvement, repair, or maintenance of any physical

1structure that was not owned, in whole or in part, operated, or leased by the district
2on the effective date of this paragraph .... [LRB inserts date].
AB438-SSA1,28,7 3(3) If, for any reason, the professional baseball team notifies the district that
4the team intends to terminate the lease agreement or the lease is otherwise
5terminated, no moneys deposited into the fund under sub. (1) may be expended with
6respect to the baseball park facilities after the date the district receives that notice,
7except any of the following:
AB438-SSA1,28,88 (a) Moneys encumbered before receipt of the notice of termination.
AB438-SSA1,28,139 (b) Moneys expended to maintain the safety of the baseball park facilities or
10for the improvement, repair, maintenance, or replacement of the components and
11systems necessary to operate the baseball park facilities or comply with applicable
12law, insurance requirements, or standards imposed by the professional baseball
13league of which the professional baseball team is a member.
AB438-SSA1,28,1514 (c) Moneys expended to make interest payments and principal repayments of
15loans accepted under s. 229.68 (8m).
AB438-SSA1,28,1916 (d) An amount of moneys that does not exceed the amount of the professional
17baseball team's deposits into the baseball park facilities improvement segregated
18fund under s. 229.6802 (1) (b) and (c) between the date of any notice of lease
19termination and the effective date of the termination.
AB438-SSA1,63 20Section 63. 229.69 (4) of the statutes is amended to read:
AB438-SSA1,28,2221 229.69 (4) Grant to the state land or other property, especially dedicated by the
22grant to use for a professional baseball park facilities.
AB438-SSA1,64 23Section 64. 229.695 of the statutes is created to read:
AB438-SSA1,29,3 24229.695 County obligations. Beginning in 2024, annually, no later than July
251, a county within a district's jurisdiction shall deposit $2,500,000 into the baseball

1park facilities improvement segregated fund under s. 229.687. This section does not
2apply after December 31, 2050, or after the aggregate amount of deposits under this
3section equals $67,500,000, whichever is earlier.
AB438-SSA1,65 4Section 65 . 229.71 of the statutes is amended to read:
AB438-SSA1,29,13 5229.71 Dissolution of a district. Subject Upon or after the expiration or
6termination of all lease arrangements between the district and a professional
7baseball team with respect to the baseball park facilities, and subject
to providing
8for the payment of its bonds, including interest on the bonds, and the performance
9of its other contractual obligations, a district may be dissolved by the action of the
10district board. If the district is dissolved under this section or by action of the
11legislature
, the property of the district shall be transferred to the counties in the
12jurisdiction, based on the tax revenues derived from each county, as determined by
13the secretary of administration
state.
AB438-SSA1,66 14Section 66 . 229.75 (3) of the statutes is amended to read:
AB438-SSA1,29,2215 229.75 (3) Bonds issued by the district shall be secured only by the district's
16interest in any baseball park facilities, including any interest in a lease with the
17department of administration under s. 16.82 (7); by income from these facilities; by
18proceeds of bonds issued by the district and other amounts placed in a special
19redemption fund and investment earnings on such these amounts; and by the taxes
20imposed by the district under subch. V of ch. 77, 2021 stats. The district may not
21pledge its full faith and credit on the bonds and the bonds are not a liability of the
22district.
AB438-SSA1,67 23Section 67 . 229.76 of the statutes is amended to read:
AB438-SSA1,30,8 24229.76 State pledge. The state pledges to and agrees with the bondholders,
25and persons that enter into contracts with a district under this subchapter, that the

1state will not limit or alter the rights and powers vested in a district by this
2subchapter, including the rights and powers under s. 229.68 (15) power to obtain a
3loan from the department of administration upon the request of the district under
4s. 16.09 (5)
, before the district has fully met and discharged the bonds, and any
5interest due on the bonds, and has fully performed its contracts, including any lease
6agreement with a professional baseball team with respect to baseball park facilities,

7unless adequate provision is made by law for the protection of the bondholders or
8those entering into contracts with a district.
AB438-SSA1,68 9Section 68 . 229.80 of the statutes is created to read:
AB438-SSA1,30,13 10229.80 Reporting. The district shall provide on an ongoing basis to the
11department of administration, the legislative fiscal bureau, and the legislative audit
12bureau project reports relating to all baseball park facilities and all financial reports
13of the district.
AB438-SSA1,69 14Section 69. 229.805 of the statutes is created to read:
AB438-SSA1,30,24 15229.805 Redevelopment report. The district, in consultation with each 1st
16class city and county within the district's jurisdiction and the professional baseball
17team that leases baseball park facilities constructed under this subchapter as its
18home facilities, shall study the feasibility of, and options for, the redevelopment of
19baseball park facilities of the district other than a baseball stadium and, not later
20than 2 years after the effective date of this section .... [LRB inserts date], prepare a
21report summarizing the findings of the study. The redevelopment report shall
22contain a recommendation supporting or opposing a potential payment in lieu of
23general property taxes for any development of the baseball park facilities of the
24district other than a baseball stadium.
AB438-SSA1,70 25Section 70. 341.14 (6r) (b) 13. b. of the statutes is amended to read:
AB438-SSA1,31,10
1341.14 (6r) (b) 13. b. Until the date on which the local professional baseball
2park district board makes a certification to the department under s. 229.685 (2), the
3remainder after crediting the appropriation account as provided in subd. 13. a. shall
4be credited to the appropriation account under s. 20.835 (4) (gb). After the date on
5which the local professional baseball park district board makes a certification to the
6department under s. 229.685 (2), the
The remainder after crediting the
7appropriation account as provided in subd. 13. a. shall be credited to the
8appropriation account under s. 20.395 (5) (ij). The department of transportation shall
9identify and record the percentage of moneys that are attributable to each
10professional baseball team represented by a plate under par. (f) 60.
AB438-SSA1,71 11Section 71. Nonstatutory provisions.
AB438-SSA1,31,1212 (1) Professional baseball park district board transition.
AB438-SSA1,31,1513 (a) Notwithstanding s. 229.66, the terms of all existing members of a district
14board of a professional baseball park district created under subch. III of ch. 229
15expire on the effective date of this paragraph.
AB438-SSA1,31,1916 (b) Not later than 30 days after the effective date of this paragraph, each
17appointing authority under s. 229.66 (2) shall appoint the specified members of the
18district board of a professional baseball park district created under subch. III of ch.
19229.
AB438-SSA1,31,24 20(c) Beginning on the effective date of this paragraph, the secretary of
21administration or the secretary's designee shall act as the district board of a
22professional baseball district created under subch. III of ch. 229 for purposes of
23approving regular disbursements of the district. This paragraph does not apply after
24the appointment and qualification of a majority of the members of the district board.
AB438-SSA1,32,4
1(2) Professional baseball park district name. Notwithstanding s. 229.66 (7),
2at its first meeting following the appointments under sub. (1) (b ), a district board may
3rename the professional baseball park district created under subch. III of ch. 229
4that the district board governs.
AB438-SSA1,32,105 (3) Employees of a professional baseball park district. Not later than 90 days
6after the first meeting of the district board of a professional baseball park district
7created under subch. III or ch. 229 occurring after the effective date of this
8subsection, the board shall affirmatively determine whether to continue or
9discontinue the employment of each individual employed on the effective date of this
10subsection by the district.
AB438-SSA1,72 11Section 72. Effective dates. This act takes effect on the day after publication,
12except as follows:
AB438-SSA1,32,1413 (1) The treatment of s. 77.707 (2) and the repeal of s. 77.707 (1) take effect on
14January 1, 2025.
AB438-SSA1,32,1515 (2) The treatment of s. 79.037 (2) (intro.), (3), and (4) take effect on July 1, 2024.
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