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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The authority may not issue notes and bonds that are secured by a capital reserve fund to which s. 234.15(4) applies if, upon issuance, the total aggregate outstanding principal amount of notes and bonds that are secured by a capital reserve fund to which s. 234.15(4) applies would exceed $600,000,000. This section does not apply to bonds and notes issued to refund outstanding notes and bonds.
(2) On July 5, 2019, the amount specified in sub. (1) is increased by $200,000,000.
(3) On July 7, 2023, the amount specified in sub. (1), including the increase specified in sub. (2), is increased by $200,000,000.
Cite this article: FindLaw.com - Wisconsin Statutes Authorities and Public Corporations (Ch. 231 to 235) § 234.18. Limit on amount of outstanding bonds and notes - last updated January 01, 2025 | https://codes.findlaw.com/wi/authorities-and-public-corporations-ch-231-to-235/wi-st-234-18/
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