Wis. Stat. § 66.0711
This is the official text of Wis. Stat. § 66.0711, part of Wisconsin’s Wisconsin Statutes — the complete compiled statutory law of Wisconsin, organized into numbered chapters by subject.
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Discount on cash payments for public improvements.
Official statutory text
(1) In this section:
(a) “Local governmental unit” has the meaning given in s. 66.0713 (1) (c) .
(b) “Public improvement” has the meaning given in s. 66.0713 (1) (d) .
(2) Every bid received for any public improvement which is not to be paid wholly in cash shall contain a provision that all payments made in cash by the local governmental unit as provided by contract or made on special assessments are subject to a specified rate of discount. The treasurer of the local governmental unit shall issue a receipt for every payment made on any special assessment, stating the date and amount of the cash payment, the discount and the total credit including the discount on a specified special assessment. The treasurer shall on the same day deliver a duplicate of the receipt to the clerk, who shall credit the specified assessments accordingly. All moneys so received shall be paid to the contractor as provided by the contract.
History: 1999 a. 150 ss. 202 , 507 , 508 .
(a) “Local governmental unit” has the meaning given in s. 66.0713 (1) (c) .
(b) “Public improvement” has the meaning given in s. 66.0713 (1) (d) .
(2) Every bid received for any public improvement which is not to be paid wholly in cash shall contain a provision that all payments made in cash by the local governmental unit as provided by contract or made on special assessments are subject to a specified rate of discount. The treasurer of the local governmental unit shall issue a receipt for every payment made on any special assessment, stating the date and amount of the cash payment, the discount and the total credit including the discount on a specified special assessment. The treasurer shall on the same day deliver a duplicate of the receipt to the clerk, who shall credit the specified assessments accordingly. All moneys so received shall be paid to the contractor as provided by the contract.
History: 1999 a. 150 ss. 202 , 507 , 508 .
Status: in_force · Read it on the official government site
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