(1) Subject to the conditions and limitations contained in this subchapter, the commission
shall have supervision over all matters relating to the contracting of public debt
and the issuance of evidences of indebtedness therefor.
(2)(a) The commission shall have all of the powers necessary to carry out its functions.
(b) The commission may interpret the statutes enforced or administered by it as it
considers to be necessary to effectuate the purpose of the statutes. The authority granted by this paragraph shall not exceed the authority granted by
(c) The commission may prescribe such forms and procedures in connection with statutes
to be enforced or administered by it as it considers to be necessary to effectuate
the purpose of the statutes, but nothing in this paragraph authorizes the imposition
of substantive requirements in connection with such forms or procedures.
(3) The department of administration shall assist the commission to carry out its
functions and carry out all directives of the commission.
(4) All actions of the commission shall be taken by resolution. Each authorizing resolution shall be reduced to writing. The secretary of the commission shall maintain a full and correct record of each
step or proceeding had or taken in the course of authorizing and contracting every
(5) Upon request of a state department or agency, the commission shall prepare periodic
reports describing the current status of indebtedness relevant to the department's
or agency's program responsibilities.
(5m) Upon the request of a local exposition district under subch. II of ch. 229, the commission shall serve as financial consultant to assist and coordinate
the issuance of bonds of the district.
(5s) Upon the request of a local professional baseball park district created under
subch. III of ch. 229 or a local professional football stadium district created under subch.
IV of ch. 229, the commission may serve as financial consultant to assist and coordinate
the issuance of the bonds of a district.
(6) Nothing in this subchapter shall be construed to supersede the authority by statute
of any state department or agency in carrying out program responsibilities for which
public debt has been authorized by the legislature.
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