AB742,74123Section 74. 565.28 (1) of the statutes is renumbered 565.28, and 565.28 (2) and (3), as renumbered, are amended to read: AB742,,124124565.28 (2) A person who chooses to make an election under par. (a) sub. (1) shall make the election no later than 60 days after becoming entitled to the lottery prize. An election made under par. (a) sub. (1) is final and may not be revoked. AB742,,125125(3) If a person eligible to make an election under par. (a) sub. (1) does not make an election within 60 days after becoming entitled to a lottery prize, the administrator shall make payment in the form of an annuity. AB742,75126Section 75. 565.28 (2) of the statutes is repealed. AB742,76127Section 76. Initial applicability. AB742,,128128(1) Unclaimed property; general provisions. The treatment of ss. 177.01 (7a), (7d) (c) 5., (13b) (c) 8., (14d) (c) 5., and (16) (e), 177.0202 (title) and (1) (intro.), 177.0210 (1) (intro.), and 177.0607 (3) (d) and (4) first applies to property reportable on November 7, 2021. AB742,,129129(2) Unclaimed property; waiver. The treatment of s. 177.1505 (4) first applies to applications received on the first day of the 3rd month beginning after publication, regardless of the years in which the property became abandoned and reportable. AB742,77130Section 77. Effective dates. This act takes effect on the day after publication, except as follows: AB742,,131131(1) Tax incremental financing. The treatment of ss. 60.85 (2) (b) 7. and (c), (3) (h) 4. and 5. a. and c., and (5) (e) and 66.1105 (2) (f) 1. (intro.), m., and n. and (j), (4) (a), (e), and (h) 1., 2., and 4., (4e) (b) 1., (5) (bf), (bj), (c) 1., and (ce) 1., (6) (a) 5. and 9., (am) 2. c., d., e., and f., (d) 1m., (dm), and (e) 1. b. and e., (7) (ak) 2. and 3., (ar), and (at), (18) (c) 2., and (19) takes effect on the January 1 after publication.