24.717 Collections from local professional baseball park districts.
24.717
24.717 Collections from local professional baseball park districts.24.717(1)
(1) Applicability. This section applies to all outstanding trust fund loans to local professional baseball park districts created under subch. III of ch. 229.24.717(2)
(2) Certified statement. If a local professional baseball park district has a state trust fund loan, the board of commissioners of public lands shall transmit to the local professional baseball park district board a certified statement of the amount due on or before October 1 of each year until the loan is paid. The board of commissioners of public lands shall furnish a copy of each certified statement to the department of administration.24.717(3)
(3) Payment to board. The local professional baseball park district board shall transmit to the board of commissioners of public lands on its own order the full amount levied for state trust fund loans within 15 days after March 15. Any payment not made by March 30 is delinquent and is subject to a penalty of 1 percent per month or fraction thereof, to be paid to the board of commissioners of public lands with the delinquent payment.24.717(4)
(4) Failure to make payment. If the local professional baseball park district board fails to remit the amounts due under sub. (3), the secretary of administration, upon certification of delinquency by the board of commissioners of public lands, shall deduct the amount due, including any penalty, from any state payments due the district, shall remit such amount to the secretary of administration, and, no later than June 15, shall notify the district board and the board of commissioners of public lands to that effect.24.717 - ANNOT.
History: 2009 a. 28.