229.685 Special fund tax revenues.
(1) The district board shall maintain a special fund into which it deposits only the revenue received from the department of revenue, that is derived from the taxes imposed under subch. V of ch. 77, and may use this revenue only for purposes related to baseball park facilities.
(2) If the district board determines that the revenues in the special fund under this section exceed current operating expenses for the operation of baseball park facilities, the district board shall apply the excess to either fund a fund for maintenance costs and capital improvements or to retire bonds issued for the initial construction of baseball park facilities, and any bonds issued to fund or refund those bonds, prior to their maturity. As soon as practicable after the retirement of all bonds issued for the initial construction of baseball park facilities and all bonds issued to fund or refund those bonds and after funding a fund for maintenance costs and capital improvements sufficiently to meet any maintenance or capital improvement obligations between the district and any professional baseball team using baseball park facilities constructed under this subchapter as a home stadium, the district board shall make a certification to the department of revenue and the department of transportation to that effect.
History: 1995 a. 56; 2017 a. 249.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 229 - Public institutions.
229.11 - First class city museums.
229.12 - Board of trustees, composition.
229.13 - Board of trustees; annual meeting and general functions.
229.14 - Director and employees; curators.
229.15 - Museum funds; expenditures.
229.16 - Donations and miscellaneous receipts.
229.17 - Site, buildings and equipment.
229.18 - Accountability; reports.
229.19 - Applicability of sections 229.11 to 229.18.
229.21 - First class city auditoriums and music halls.
229.23 - Property and finance.
229.40 - Legislative declaration.
229.42 - Creation and organization.
229.435 - Certification of board members.
229.44 - Powers of a district.
229.45 - Powers granted to sponsoring municipality.
229.46 - Certain contracting requirements.
229.461 - Development agreement, non-relocation agreement, lease.
229.477 - Dissolution of a district.
229.50 - Special debt service reserve funds.
229.52 - Bonds not public debt.
229.54 - Responsibility to sports and entertainment arena facilities.
229.56 - Funding and refunding bonds.
229.57 - Budgets; rates and charges; audit.
229.64 - Legislative declaration.
229.66 - Creation and organization.
229.68 - Powers of a district.
229.685 - Special fund tax revenues.
229.69 - Powers granted to a city or a county in a district.
229.70 - Minority contracting goals; disabled veteran-owned business contracting goals.
229.71 - Dissolution of a district.
229.72 - Issuance and negotiability of bonds.
229.74 - Special debt service reserve funds.
229.75 - Bonds not public debt.
229.79 - Budgets; rates and charges; audit.
229.81 - Assistance by state agencies.
229.820 - Legislative declaration.
229.822 - Creation and organization.
229.824 - Powers of a district.
229.8245 - Limitations on district.
229.825 - Special fund tax revenues.
229.8257 - Football stadium facility maintenance and operating cost fund.
229.826 - Powers granted to a municipality or county.
229.8273 - Minority, disabled veteran, and women contracting.
229.828 - Dissolution of a district.
229.829 - Issuance and negotiability of bonds.
229.830 - Special debt service reserve funds for moral obligation pledge.
229.831 - Bonds not public debt.
229.834 - Budgets; rates and charges; audit.
229.840 - Legislative declaration.
229.842 - Creation and organization.
229.844 - Powers of a district.
229.845 - Minority contracting goals; disabled veteran-owned business contracting goals.
229.846 - Powers granted to a sponsoring city.
229.847 - Dissolution of a district.
229.848 - Transfers; transfer agreements.
229.849 - District bonds and debt not public debt.
229.850 - Special fund for payment of principal and interest costs on certain bonds.