229.848 Transfers; transfer agreements.
(1) If a district is dissolved under s. 229.847, the property of the district shall be transferred either to the sponsoring city or to an entity described either in section 170 (c) (1) or in both sections 170 (c) (2) and 501 (c) (3) of the Internal Revenue Code. If the sponsoring city is a 1st class city, the specific entity to which the district's property shall be transferred upon dissolution shall be specified in the initial resolution under which the 1st class city created the district. If the sponsoring city is not a 1st class city, the district board shall determine the entity to which the district's property shall be transferred upon dissolution.
(2) A sponsoring city and a district board may enter into a transfer agreement to provide the terms and conditions upon which the sponsoring city or the district board may transfer any interests in an existing or proposed cultural arts facility, or any other property interests owned by either party, to the other party to the agreement. A transfer may take the form of a sale, lease, or other conveyance and may be with or without financial consideration.
History: 1999 a. 65.
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.