LRB-1550/1
FFK:sac:jf
2013 - 2014 LEGISLATURE
April 10, 2013 - Introduced by Senators Vinehout, Carpenter, T. Cullen, Harris,
Lassa, Lehman, Miller, Wirch and Erpenbach, cosponsored by
Representatives Danou, Hulsey, Barnes, Berceau, Clark, Genrich, Goyke,
Ohnstad, Shankland, C. Taylor and Wachs. Referred to Committee on
Workforce Development, Forestry, Mining, and Revenue.
SB139,1,3 1An Act to create 709.03 (form) C. 25m. and 709.033 (form) C. 17m. of the
2statutes; relating to: disclosure of contracts for frac sand mining on
3neighboring properties.
Analysis by the Legislative Reference Bureau
Under current law, with certain exceptions, owners selling residential real
property or vacant land must give prospective buyers a form, known as a real estate
condition report for residential real property and as the vacant land disclosure report
for vacant land, on which the owner discloses certain conditions of, and other
information about, the real property of which the owner is aware. This bill requires
an owner to disclose on the applicable report whether the owner has notice or
knowledge of a contract, or an option to contract, that allows a person to mine frac
sand on a neighboring property.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB139,1 4Section 1. 709.03 (form) C. 25m. of the statutes is created to read:
SB139,1,5 5709.03 (form) - See PDF for table PDF
SB139,2 1Section 2. 709.033 (form) C. 17m. of the statutes is created to read:
SB139,2,2 2709.033 (form) - See PDF for table PDF
SB139,3 3Section 3. Nonstatutory provisions.
SB139,2,104 (1) Real estate condition and vacant land disclosure reports.
5Notwithstanding section 709.035 of the statutes, the creation of sections 709.03
6(form) C. 25m. and 709.033 (form) C. 17m. of the statutes does not require a property
7owner who has furnished to a prospective buyer of the property an original or
8amended report before the effective date of this subsection to submit an amended
9report with respect to the information required by section 709.03 (form) C. 25m. or
10709.033 (form) C. 17m. of the statutes, as created by this act.
SB139,4 11Section 4. Initial applicability.
SB139,2,1412 (1) The treatment of sections 709.03 (form) C. 25m. and 709.033 (form) C. 17m.
13of the statutes first apply to reports that are furnished on the effective date of this
14subsection.
SB139,2,1515 (End)
Loading...
Loading...