AB50,1194,2420198.06 (5) (a) The board of canvassers shall cause a certified copy of the order
21declaring the result of the election to be filed in the office of the secretary of state
22administration. A certified copy of the order shall also be filed with the clerk of
23each municipality included in the district, with the county clerk, and with the
24commission.

AB50,1195,112198.06 (5) (b) If the district as finally constituted comprises a smaller area
3than originally proposed because of the failure of one or more municipalities to
4approve the district at the election, the commission shall, within 10 days following
5the filing of the order under par. (a) with the commission, file its approval or
6disapproval of the district as created by the election with the secretary of state
7administration, the clerk of each municipality included in the district and the
8county clerk. If the commission approves, upon the filing of the approval the
9creation and incorporation of the district shall be considered complete. If the
10commission disapproves, the district shall be considered dissolved. Except as
11provided in par. (c), the approval or disapproval of the commission shall be final.

AB50,1195,1613198.06 (5) (d) If a district has been approved by all of the municipalities
14within the district as proposed, the creation and incorporation of the district shall
15be considered complete upon the filing of the result of the election with the
16secretary of state administration by the board of canvassers.

AB50,1196,218198.06 (7) Informalities disregarded, limitation of action to test
19validity of district. No informality in any proceeding or in the conduct of the
20election, not substantially affecting adversely the legal rights of any citizen, shall be
21held to invalidate the creation of any district, and any proceedings wherein the
22validity of the creation is denied shall be commenced within 3 months from the date
23of filing the order of the board of canvassers with the secretary of state

1administration, otherwise the creation and the legal existence of the district shall
2be held to be valid and in every respect legal and incontestable.

AB50,1196,114198.08 (3) Appointment, vote by municipal executive officers. In the
5selection of a director for a subdistrict each chief executive shall have one vote for
6each 1,000 voters within that chief executive’s municipality, or the part of the
7municipality that is located in the subdistrict. A three-fourths vote shall be
8necessary for the selection of a director. The result of the selection of the director
9shall be certified to by the chairperson and clerk of the meeting and immediately
10filed with the secretary of state administration and the clerk of each municipality in
11the district.

AB50,1196,2013198.20 (2) The election, and all matters pertaining to the election not
14otherwise provided for in this section, shall be held and conducted and the result
15ascertained and declared in accordance with s. 198.06 (3) and (4). The ordinance
16and the result of the referendum shall be certified to the secretary of state
17administration. After certification, the consolidation shall be considered complete.
18Consolidation shall not affect the preexisting rights or liabilities of any power
19districts and actions on those rights and liabilities may be commenced or completed
20as though no consolidation had been effected.

AB50,1197,722198.22 (7) Boundaries. Immediately upon the organization of the board of
23directors the clerk shall cause to be recorded in the office of the register of deeds of

1each county in which any part of said district is located, and shall file with the
2secretary of state administration, the department of natural resources, the
3governor and the clerk of each town, city or village, wholly or partly within the
4district, a certified copy of the boundaries of the district as set forth in the notice of
5election pursuant to sub. (3) or as thereafter amended. Thereafter, in any
6proceeding wherein the boundaries of the district are concerned, it shall be
7sufficient in describing said boundaries to refer to such record of such description.

AB50,1197,129200.25 (5) Oath of office. Before assuming the duties of the office, each
10commissioner shall take and subscribe the oath of office required under s. 19.01 and
11file the oath with the secretary of state administration, duly certified by the official
12administering the oath.

AB50,1197,1414224.28 Catastrophe savings accounts. (1) In this section:

AB50,1197,1515(a) “Account” has the meaning given in s. 705.01 (1).

AB50,1197,1616(b) “Catastrophic event” means any of the following:

AB50,1197,17171. A tornado.

AB50,1197,18182. A hurricane.

AB50,1197,20193. A severe storm that results in flooding, damaging hail, extreme wind, or
20extremely cold temperatures.

AB50,1197,2121(c) “Financial institution” has the meaning given in s. 705.01 (3).

AB50,1197,2322(d) “Policy” means an insurance policy that includes coverage for loss or
23damage to property resulting from a catastrophic event.

AB50,1197,2424(e) “Record” has the meaning given in s. 137.11 (12).

AB50,1198,2

1(2) A person may designate an account established by the person at a
2financial institution as a catastrophe savings account if all of the following apply:

AB50,1198,63(a) The account is identified in the financial institution’s records as a
4catastrophe savings account or the person, at the time the account is established,
5creates a record that the account is a catastrophe savings account and then retains
6this record.

AB50,1198,97(b) The account is established solely to hold savings to be used for the
8purposes under sub. (3) and no deposits are made in the account other than deposits
9intended to be used for the purposes under sub. (3).