(1)    Definitions. In this section:

      (a)    “County” includes a city that is authorized to act under s. 74.87.

      (b)    “Tax certificate” means a tax certificate issued under s. 74.57.

      (c)    “Tax certificate revenues” means, with respect to each parcel of real property included in a tax certificate, payments of real property taxes, special charges, special taxes, and special assessments indicated on a tax certificate, including interest and penalties on such amounts.

   (2)   Sale. A county may sell to any person all or a portion of the county’s right to receive tax certificate revenues. The county shall distribute the proceeds from a sale under this subsection as provided under s. 75.05.

   (3)   Administration. A county may enter into an agreement for the sale of the county’s right to receive tax certificate revenues. The agreement may include any provisions that the county considers necessary and may permit any person who purchases all or any portion of a county’s right to receive tax certificate revenue to sell, assign, or otherwise transfer such right, in whole or in part, to another person.