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Current as of January 01, 2025 | Updated by Findlaw Staff
The board shall have all the powers necessary or convenient to carry out the purposes and provisions of this chapter. In addition to all other powers granted the board under this chapter, the board may specifically:
(1) Adopt, amend, and repeal any bylaws, policies, and procedures for the regulation of its affairs and the conduct of its business.
(2) Have a seal and alter the seal at pleasure.
(3) Maintain an office.
(4) Sue and be sued.
(5) Accept gifts, grants, loans, or other contributions from private or public sources.
(6) Establish the corporation's annual budget and monitor the fiscal management of the corporation.
(7) Execute contracts and other instruments required for the operation of the corporation.
(8) Employ any officers, agents, and employees that it may require and determine their qualifications, duties, and compensation.
(9) Issue notes, bonds, and any other obligations.
(10) Make loans and provide grants.
(11) Incur debt.
(12) Procure liability insurance.
(14) Enter into agreements regarding compensation, space, and other administrative matters as are necessary to operate offices in other states and foreign countries. Such agreements shall be subject to the approval of the secretary of administration.
(15) Appoint and supervise the economic development liaison project position created in 2017 Wisconsin Act 58, section 61(1).
Cite this article: FindLaw.com - Wisconsin Statutes Economic Development (Ch. 238) § 238.04. Powers of board - last updated January 01, 2025 | https://codes.findlaw.com/wi/wisconsin-economic-development-ch-238/wi-st-238-04/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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