Wisconsin § 229.848 Transfers; transfer agreements.

Wisconsin Statutes

§ 229.848 — Transfers; transfer agreements.

Wisconsin § 229.848

Ch. 229Public institutions

Subch.subch. V of ch. 229 SUBCHAPTER V

LOCAL CULTURAL ARTS DISTRICTS

This text of Wisconsin § 229.848 (Transfers; transfer agreements.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 229.848 (2026).

Text

848
848(1) (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.
848(2) (2) A sponsoring city and a district board may enter into a transfer agreement to provide the terms and con

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229.848
229.848(1) (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.
229.848(2) (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.