SB686,18,1615 (i) Covenant as to the rank or priority of any bonds with respect to any lien or
16security.

SB686,18,2017 (j) Covenant as to the procedure by which the terms of any contract with or for
18the benefit of the holders of bonds may be amended or abrogated, the amount of
19bonds, the holders of which must consent thereto, and the manner in which such
20consent may be given.

SB686,18,2321 (k) Covenant as to the custody and safekeeping of any of its properties or
22investments, the insurance to be carried on the property or investments, and the use
23and disposition of insurance proceeds.

SB686,19,3

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1(L) Covenant as to the vesting in one or more trustees, within or outside the
2state, of those properties, rights, powers, and duties in trust as the authority
3determines.

SB686,19,64 (m) Covenant as to the appointing of, and providing for the duties and
5obligations of, one or more paying agent or other fiduciaries within or outside the
6state.

SB686,19,97 (n) Make all other covenants and do any act that may be necessary or
8convenient or desirable in order to secure its bonds or, in the absolute discretion of
9the authority, tend to make the bonds more marketable.

SB686,19,1310 (o) Execute all instruments necessary or convenient in the exercise of the
11powers granted under this section or in the performance of covenants or duties,
12which may contain such covenants and provisions as a purchaser of the bonds of the
13authority may reasonably require.

SB686,19,25 14(10) Refunding bonds. An authority may issue refunding bonds for the
15purpose of paying any of its bonds at or prior to maturity or upon acceleration or
16redemption. An authority may issue refunding bonds at such time prior to the
17maturity or redemption of the refunded bonds as the authority deems to be in the
18public interest. The refunding bonds may be issued in sufficient amounts to pay or
19provide the principal of the bonds being refunded, together with any redemption
20premium on the bonds, any interest accrued or to accrue to the date of payment of
21the bonds, the expenses of issue of the refunding bonds, the expenses of redeeming
22the bonds being refunded, and such reserves for debt service or other capital or
23current expenses from the proceeds of such refunding bonds as may be required by
24the resolution, trust indenture, or other security instruments. To the extent
25applicable, refunding bonds are subject to subs. (8) and (9).

SB686,20,2

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1(11) Bonds eligible for investment. (a) Any of the following may invest funds,
2including capital in their control or belonging to them, in bonds of the authority:

SB686,20,33 1. Public officers and agencies of the state.

SB686,20,44 2. Local governmental units, as defined in s. 19.42 (7u).

SB686,20,55 3. Insurance companies.

SB686,20,66 4. Trust companies.

SB686,20,77 5. Banks.

SB686,20,88 6. Savings banks.

SB686,20,99 7. Savings and loan associations.

SB686,20,1010 8. Investment companies.

SB686,20,1111 9. Personal representatives.

SB686,20,1212 10. Trustees.

SB686,20,1313 11. Other fiduciaries not listed in this paragraph.

SB686,20,1714 (b) The authority's bonds are securities that may be deposited with and
15received by any officer or agency of the state or any local governmental unit, as
16defined in s. 19.42 (7u), for any purpose for which the deposit of bonds or obligations
17of the state or any local governmental unit is authorized by law.

SB686,20,25 18(12) Budgets; rates and charges; audit. The board of directors of an authority
19shall annually prepare a budget for the authority. Rates and other charges received
20by an authority shall be used only for the general expenses and capital expenditures
21of the authority, to pay interest, amortization, and retirement charges on bonds, and
22for specific purposes of the authority and may not be transferred to any political
23subdivision. The authority shall maintain an accounting system in accordance with
24generally accepted accounting principles and shall have its financial statements and
25debt covenants audited annually by an independent certified public accountant.

SB686,21,6

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1(13) Withdrawal from authority. (a) A participating political subdivision that
2becomes a member of an authority under sub. (2) (c) 4. shall withdraw from the
3authority if the county in which the municipality is located withdraws from the
4authority under this subsection and a participating political subdivision that joined
5an authority under sub. (2) (c) 3. may withdraw from an authority if all of the
6following conditions are met:

SB686,21,87 1. The governing body of the political subdivision adopts a resolution
8requesting withdrawal of the political subdivision from the authority.

SB686,21,109 2. The political subdivision has paid, or made provision for the payment of, all
10obligations of the political subdivision to the authority.

SB686,21,1811 (b) If a participating political subdivision withdraws from an authority, the
12authority shall provide the department of revenue with a certified copy of the
13resolution that approves the withdrawal. The withdrawal is effective on the first day
14of the calendar quarter that begins at least 120 days after the department receives
15the certified copy of the resolution approving the withdrawal. If the authority from
16which the political subdivision withdraws continues to exist after the withdrawal,
17the authority shall provide information describing the exact boundaries of its
18jurisdictional area, as provided in sub. (4) (s) 2.

SB686,21,20 19(14) Duty to provide transit service. An authority shall provide, or contract
20for the provision of, transit service within the authority's jurisdictional area.

SB686,21,25 21(17) Other statutes. This section does not limit the powers of political
22subdivisions to enter into intergovernmental cooperation or contracts or to establish
23separate legal entities under s. 66.0301 or 66.1021 or any other applicable law, or
24otherwise to carry out their powers under applicable statutory provisions. Section
2566.0803 (2) does not apply to an authority.

SB686,22,92 67.01 (5) "Municipality" means any of the following which is authorized to levy
3a tax: a county, city, village, town, school district, board of park commissioners,
4technical college district, metropolitan sewerage district created under ss. 200.01 to
5200.15 or 200.21 to 200.65, town sanitary district under subch. IX of ch. 60, transit
6authority created under s. 66.1039, public inland lake protection and rehabilitation
7district established under s. 33.23, 33.235, or 33.24, and any other public body
8empowered to borrow money and issue obligations to repay the money out of public
9funds or revenues. "Municipality" does not include the state.

SB686,22,2511 70.11 (2) Municipal property and property of certain districts, exception.
12Property owned by any county, city, village, town, school district, technical college
13district, public inland lake protection and rehabilitation district, metropolitan
14sewerage district, municipal water district created under s. 198.22, joint local water
15authority created under s. 66.0823, transit authority created under s. 66.1039,
16long-term care district under s. 46.2895 or town sanitary district; lands belonging
17to cities of any other state used for public parks; land tax-deeded to any county or
18city before January 2; but any residence located upon property owned by the county
19for park purposes that is rented out by the county for a nonpark purpose shall not
20be exempt from taxation. Except as to land acquired under s. 59.84 (2) (d), this
21exemption shall not apply to land conveyed after August 17, 1961, to any such
22governmental unit or for its benefit while the grantor or others for his or her benefit
23are permitted to occupy the land or part thereof in consideration for the conveyance.
24Leasing the property exempt under this subsection, regardless of the lessee and the
25use of the leasehold income, does not render that property taxable.

SB686,23,62 71.26 (1) (b) Political units. Income received by the United States, the state
3and all counties, cities, villages, towns, school districts, technical college districts,
4joint local water authorities created under s. 66.0823, transit authorities created
5under s. 66.1039, long-term care districts under s. 46.2895 or other political units
6of this state.

SB686,23,2121 77.54 (9a) (er) Any transit authority created under s. 66.1039.

SB686,24,12 577.708 Adoption by resolution and referendum; transit authority. (1)
6A transit authority created under s. 66.1039, by resolution and referendum under s.
766.1039 (4) (s), may impose a sales tax and a use tax under this subchapter at a rate
8of 0.1, 0.2, 0.3, 0.4, or 0.5 percent of the sales price or purchase price. Those taxes
9may be imposed only in their entirety. The resolution and referendum shall be
10effective on the first day of the first calendar quarter that begins at least 120 days
11after a certified copy of the resolution and affirmative result of the referendum are
12delivered to the department of revenue.

SB686,24,18 13(2) Retailers and the department of revenue may not collect a tax under sub.
14(1) for any transit authority created under s. 66.1039 beginning on the first day of
15the calendar quarter that is at least 120 days after a certified copy of the repeal
16resolution under s. 66.1039 (4) (s) is delivered to the department of revenue, except
17that the department of revenue may collect from retailers taxes that accrued before
18such calendar quarter and fees, interest, and penalties that relate to those taxes.

SB686,24,24 2077.71 Imposition of county, transit authority, and special district sales
21and use taxes. Whenever a county sales and use tax ordinance is adopted under
22s. 77.70, a transit authority resolution is adopted under s. 77.708 and affirmed by
23referendum, or a special district resolution is adopted under s. 77.705 or 77.706, the
24following taxes are imposed:

SB686,25,12

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1(1) For the privilege of selling, licensing, leasing, or renting tangible personal
2property and the items, property, and goods specified under s. 77.52 (1) (b), (c), and
3(d), and for the privilege of selling, licensing, performing, or furnishing services a
4sales tax is imposed upon retailers at the rates under s. 77.70 in the case of a county
5tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
6under s. 77.705 or 77.706 in the case of a special district tax of the sales price from
7the sale, license, lease, or rental of tangible personal property and the items,
8property, and goods specified under s. 77.52 (1) (b), (c), and (d), except property taxed
9under sub. (4), sold, licensed, leased, or rented at retail in the county or, special
10district, or transit authority's jurisdictional area, or from selling, licensing,
11performing, or furnishing services described under s. 77.52 (2) in the county or,
12special district, or transit authority's jurisdictional area.

SB686,26,3 13(2) An excise tax is imposed at the rates under s. 77.70 in the case of a county
14tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
15under s. 77.705 or 77.706 in the case of a special district tax of the purchase price
16upon every person storing, using, or otherwise consuming in the county or, special
17district, or transit authority's jurisdictional area tangible personal property, or
18items, property, or goods specified under s. 77.52 (1) (b), (c), or (d), or services if the
19tangible personal property, item, property, good, or service is subject to the state use
20tax under s. 77.53, except that a receipt indicating that the tax under sub. (1), (3),
21or (4) has been paid relieves the buyer of liability for the tax under this subsection
22and except that if the buyer has paid a similar local tax in another state on a purchase
23of the same tangible personal property, item, property, good, or service that tax shall
24be credited against the tax under this subsection and except that for motor vehicles
25that are used for a purpose in addition to retention, demonstration, or display while

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1held for sale in the regular course of business by a dealer the tax under this
2subsection is imposed not on the purchase price but on the amount under s. 77.53
3(1m).

SB686,26,16 4(3) An excise tax is imposed upon a contractor engaged in construction
5activities within the county or, special district, or transit authority's jurisdictional
6area, at the rates under s. 77.70 in the case of a county tax, at the rate under s. 77.708
7in the case of a transit authority tax, or at the rate under s. 77.705 or 77.706 in the
8case of a special district tax of the purchase price of tangible personal property or
9items, property, or goods under s. 77.52 (1) (b), (c), or (d) that are used in constructing,
10altering, repairing, or improving real property and that became a component part of
11real property in that county or special district or in the transit authority's
12jurisdictional area, except that if the contractor has paid the sales tax of a county,
13transit authority, or special district in this state on that tangible personal property,
14item, property, or good, or has paid a similar local sales tax in another state on a
15purchase of the same tangible personal property, item, property, or good, that tax
16shall be credited against the tax under this subsection.

SB686,27,2 17(4) An excise tax is imposed at the rates under s. 77.70 in the case of a county
18tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
19under s. 77.705 or 77.706 in the case of a special district tax of the purchase price
20upon every person storing, using, or otherwise consuming a motor vehicle, boat,
21recreational vehicle, as defined in s. 340.01 (48r), or aircraft, if that property must
22be registered or titled with this state and if that property is to be customarily kept
23in a county that has in effect an ordinance under s. 77.70, the jurisdictional area of
24a transit authority that has in effect a resolution under s. 77.708, or in a special
25district that has in effect a resolution under s. 77.705 or 77.706, except that if the

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1buyer has paid a similar local sales tax in another state on a purchase of the same
2property that tax shall be credited against the tax under this subsection.

SB686,27,124 77.73 (2) Counties and, special districts, and transit authorities do not have
5jurisdiction to impose the tax under s. 77.71 (2) in regard to items, property, and
6goods under s. 77.52 (1) (b), (c), and (d), and tangible personal property, except
7snowmobiles, trailers, semitrailers, all-terrain vehicles, and utility terrain vehicles,
8purchased in a sale that is consummated in another county or special district in this
9state, or in another transit authority's jurisdictional area, that does not have in effect
10an ordinance or resolution imposing the taxes under this subchapter and later
11brought by the buyer into the county or, special district, or jurisdictional area of the
12transit authority that has imposed a tax under s. 77.71 (2).

SB686,27,2414 77.73 (3) Counties and, special districts, and transit authorities have
15jurisdiction to impose the taxes under this subchapter on retailers who file, or who
16are required to file, an application under s. 77.52 (7) or who register, or who are
17required to register, under s. 77.53 (9) or (9m), regardless of whether such retailers
18are engaged in business in the county or, special district, or transit authority's
19jurisdictional area, as provided in s. 77.51 (13g). A retailer who files, or is required
20to file, an application under s. 77.52 (7) or who registers, or is required to register,
21under s. 77.53 (9) or (9m) shall collect, report, and remit to the department the taxes
22imposed under this subchapter for all counties or, special districts, and transit
23authorities that have an ordinance or resolution imposing the taxes under this
24subchapter.

SB686,28,5

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177.75 Reports. Every person subject to county, transit authority, or special
2district sales and use taxes shall, for each reporting period, record that person's sales
3made in the county or, special district , or jurisdictional area of a transit authority
4that has imposed those taxes separately from sales made elsewhere in this state and
5file a report as prescribed by the department of revenue.

SB686,28,137 77.76 (1) The department of revenue shall have full power to levy, enforce, and
8collect county, transit authority, and special district sales and use taxes and may take
9any action, conduct any proceeding, impose interest and penalties, and in all respects
10proceed as it is authorized to proceed for the taxes imposed by subch. III. The
11department of transportation and the department of natural resources may
12administer the county, transit authority, and special district sales and use taxes in
13regard to items under s. 77.61 (1).

SB686,28,1815 77.76 (2) Judicial and administrative review of departmental determinations
16shall be as provided in subch. III for state sales and use taxes, and no county, transit
17authority, or special district may intervene in any matter related to the levy,
18enforcement, and collection of the taxes under this subchapter.

SB686,29,1220 77.76 (3r) From the appropriation under s. 20.835 (4) (gc) the department of
21revenue shall distribute 98.5 percent of the taxes reported for each transit authority
22that has imposed taxes under this subchapter, minus the transit authority portion
23of the retailers' discount, to the transit authority no later than the end of the 3rd
24month following the end of the calendar quarter in which such amounts were
25reported. At the time of distribution the department of revenue shall indicate the

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1taxes reported by each taxpayer. In this subsection, the "transit authority portion
2of the retailers' discount" is the amount determined by multiplying the total
3retailers' discount by a fraction the numerator of which is the gross transit authority
4sales and use taxes payable and the denominator of which is the sum of the gross
5state and transit authority sales and use taxes payable. The transit authority taxes
6distributed shall be increased or decreased to reflect subsequent refunds, audit
7adjustments, and all other adjustments of the transit authority taxes previously
8distributed. Interest paid on refunds of transit authority sales and use taxes shall
9be paid from the appropriation under s. 20.835 (4) (gc) at the rate paid by this state
10under s. 77.60 (1) (a). Any transit authority receiving a report under this subsection
11is subject to the duties of confidentiality to which the department of revenue is
12subject under s. 77.61 (5).

SB686,29,1914 77.76 (4) There shall be retained by the state 1.5% of the taxes collected for
15taxes imposed by special districts under ss. 77.705 and 77.706 and transit authorities
16under s. 77.708 and 1.75% of the taxes collected for taxes imposed by counties under
17s. 77.70 to cover costs incurred by the state in administering, enforcing, and
18collecting the tax. All interest and penalties collected shall be deposited and retained
19by this state in the general fund.

SB686,30,421 77.77 (1) (a) The sales price from services subject to the tax under s. 77.52 (2)
22or the lease, rental, or license of tangible personal property and property, items, and
23goods specified under s. 77.52 (1) (b), (c), and (d), is subject to the taxes under this
24subchapter, and the incremental amount of tax caused by a rate increase applicable
25to those services, leases, rentals, or licenses is due, beginning with the first billing

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1period starting on or after the effective date of the county ordinance, special district
2resolution, transit authority resolution, or rate increase, regardless of whether the
3service is furnished or the property, item, or good is leased, rented, or licensed to the
4customer before or after that date.

SB686,30,135 (b) The sales price from services subject to the tax under s. 77.52 (2) or the lease,
6rental, or license of tangible personal property and property, items, and goods
7specified under s. 77.52 (1) (b), (c), and (d), is not subject to the taxes under this
8subchapter, and a decrease in the tax rate imposed under this subchapter on those
9services first applies, beginning with bills rendered on or after the effective date of
10the repeal or sunset of a county ordinance or, special district resolution, or transit
11authority resolution imposing the tax or other rate decrease, regardless of whether
12the service is furnished or the property, item, or good is leased, rented, or licensed
13to the customer before or after that date.

SB686,30,2415 77.77 (3) The sale of building materials to contractors engaged in the business
16of constructing, altering, repairing or improving real estate for others is not subject
17to the taxes under this subchapter, and the incremental amount of tax caused by the
18rate increase applicable to those materials is not due, if the materials are affixed and
19made a structural part of real estate, and the amount payable to the contractor is
20fixed without regard to the costs incurred in performing a written contract that was
21irrevocably entered into prior to the effective date of the county ordinance, special
22district resolution, transit authority resolution, or rate increase or that resulted from
23the acceptance of a formal written bid accompanied by a bond or other performance
24guaranty that was irrevocably submitted before that date.

SB686,31,7

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177.78 Registration. No motor vehicle, boat, snowmobile, recreational vehicle,
2as defined in s. 340.01 (48r), trailer, semitrailer, all-terrain vehicle, utility terrain
3vehicle, or aircraft that is required to be registered by this state may be registered
4or titled by this state unless the registrant files a sales and use tax report and pays
5the county tax, transit authority tax, and special district tax at the time of registering
6or titling to the state agency that registers or titles the property. That state agency
7shall transmit those tax revenues to the department of revenue.

SB686,31,119 85.064 (1) (b) "Political subdivision" means any city, village, town, county, or
10transit commission organized under s. 59.58 (2) or 66.1021 or recognized under s.
1166.0301, or transit authority created under s. 66.1039 within this state.

SB686,31,1913 111.70 (1) (j) "Municipal employer" means any city, county, village, town,
14metropolitan sewerage district, school district, long-term care district, transit
15authority under s. 66.1039, local cultural arts district created under subch. V of ch.
16229, or any other political subdivision of the state, or instrumentality of one or more
17political subdivisions of the state, that engages the services of an employee and
18includes any person acting on behalf of a municipal employer within the scope of the
19person's authority, express or implied.

SB686,31,2121 345.05 (1) (ag) "Authority" means a transit authority created under s. 66.1039.

SB686,32,623 345.05 (2) A person suffering any damage proximately resulting from the
24negligent operation of a motor vehicle owned and operated by a municipality or
25authority, which damage was occasioned by the operation of the motor vehicle in the

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1course of its business, may file a claim for damages against the municipality or
2authority concerned and the governing body of the municipality , or the board of
3directors of the authority, may allow, compromise, settle and pay the claim. In this
4subsection, a motor vehicle is deemed owned and operated by a municipality or
5authority if the vehicle is either being rented or leased, or is being purchased under
6a contract whereby the municipality or authority will acquire title.

SB686,32,98 611.11 (4) (a) In this subsection, "municipality" has the meaning given in s.
9345.05 (1) (c), but also includes any transit authority created under s. 66.1039.