reglab/housing_qa huggingface dataset:
WI Stat § 234.08 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.08 - Notes and bonds; issuance; status.

234.08  Notes and bonds; issuance; status. (1) The authority may issue its negotiable notes and bonds in such principal amount, as, in the opinion of the authority, is necessary to provide sufficient funds for achieving its corporate purposes, including the purchase of certain mortgages and securities and the making of secured loans for low- and moderate-income housing, for the rehabilitation of existing structures and for the construction of facilities appurtenant thereto as provided in this chapter; for the making of secured loans to assist eligible elderly homeowners in paying property taxes and special assessments; for the payment of interest on notes and bonds of the authority during construction; for the establishment of reserves to secure such notes and bonds; for the provision of moneys for the housing development fund in order to make temporary loans to sponsors of housing projects as provided in this chapter; and for all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. (2) The authority may issue renewal notes, issue bonds to pay notes and whenever it deems refunding expedient, refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and issue bonds partly to refund bonds then outstanding and partly for any other purpose. The refunding bonds shall be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded. (3) Except as may otherwise be expressly provided by the authority, every issue of its notes or bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular receipts or revenues. (4) All notes or bonds shall be negotiable investment securities under ch. 408. (5) This section does not supersede or impair the power of the Wisconsin Economic Development Corporation to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.  (6) The authority may reimburse the Wisconsin Economic Development Corporation its operating costs to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.  (7) The authority may, by resolution before issuance, declare any issue of its bonds or notes to be subject to federal income taxation.History:  1971 c. 287; 1981 c. 349; 1983 a. 81, 83; 1985 a. 29; 1993 a. 16; 1995 a. 27 s. 9116 (5); 2005 a. 487; 2009 a. 2; 2011 a. 32.
WI Stat § 234.09 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.09 - Same; authorization; terms.

234.09  Same; authorization; terms. The notes and bonds shall be authorized by resolution of the members of the authority; shall bear such date or dates, and shall mature at such time or times, in the case of any note, or any renewal thereof, not exceeding 5 years, from the date of issue of such original note, and in the case of any bond not exceeding 50 years from the date of issue, as the resolution provides. The notes and bonds shall bear interest at such rate or rates, be in such denominations of $1,000 or more, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place and be subject to such terms of redemption as the resolution provides. The bonds may be issued as serial bonds payable in annual installments or as term bonds or as a combination thereof. The notes and bonds of the authority may be sold by the authority, at public or private sale, at the price determined by the authority.History:  1971 c. 287.
WI Stat § 234.10 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.10 - Same; resolution authorizing issuance, contents.

234.10  Same; resolution authorizing issuance, contents. Any resolution authorizing any notes or bonds or any issue thereof may contain provisions, which shall be a part of the contract with the holders thereof, as to: (1) Pledging all or any part of the fees and charges made or received by the authority, and all or any part of the moneys received in payment of mortgage loans and interest thereon, and other moneys received or to be received, to secure the payment of the notes or bonds or of any issue thereof, and subject to such agreements with bondholders or noteholders as may then exist. (2) Pledging all or any part of the assets of the authority, including mortgages and obligations securing the same, to secure the payment of the notes or bonds or of any issue of notes or bonds, subject to such agreements with noteholders or bondholders as may then exist. (3) Pledging of any loan, grant or contribution from the federal or state government, any political subdivision of the state or source in aid of such development as provided for in this chapter. (4) The use and disposition of the gross income from mortgages owned by the authority and payment of principal of mortgages owned by the authority. (5) The setting aside of reserves or sinking funds and the regulation and disposition thereof. (6) Limitations on the purpose to which the proceeds of sale of notes or bonds may be applied and pledging such proceeds to secure the payment of the notes or bonds or of any issue thereof. (7) Limitations on the issuance of additional notes or bonds; the terms upon which additional notes or bonds may be issued and secured; the refunding of outstanding or other notes or bonds. (8) The procedure, if any, by which the terms of any contract with noteholders or bondholders may be amended or abrogated, the amount of notes or bonds the holders of which must consent thereto, and the manner in which such consent may be given. (9) Vesting in a trustee such property, rights, powers and duties in trust as the authority determines, which may include any or all of the rights, powers and duties of the trustee appointed by the noteholders or bondholders pursuant to s. 234.20 and limiting or abrogating the right of the noteholders or bondholders to appoint a trustee under s. 234.20 or limiting the rights, powers and duties of such trustee, in which event s. 234.20 shall not apply. (10) Any other matters, of like or different character, which in any way affect the security or protection of the notes or bonds.History:  1971 c. 287.
WI Stat § 234.11 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.11 - Same; validity and effect of pledge.

234.11  Same; validity and effect of pledge. Any pledge made by the authority shall be valid and binding from the time when the pledge is made; the moneys or property so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.History:  1971 c. 287.
WI Stat § 234.12 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.12 - Same; personal liability of members of authority.

234.12  Same; personal liability of members of authority. Neither the members of the authority nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof.History:  1971 c. 287.
WI Stat § 234.135 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.135 - Same; purchase; cancellation.

234.135  Same; purchase; cancellation. (1) The authority may purchase any notes or bonds of the authority. The authority may hold or sell, in whole or in part and separately or together with other notes or bonds of the authority, notes or bonds purchased under this subsection. (2) Subject to such agreements with noteholders or bondholders as may then exist, any notes or bonds purchased and held by the authority under sub. (1) may, upon the affirmative designation of the authority, be canceled, in whole or in part, at the time specified in the authority's designation.History:  2017 a. 277; s. 35.17 correction in (2).
WI Stat § 234.14 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.14 - Same; liability of state.

234.14  Same; liability of state. The state shall not be liable on notes or bonds of the authority and such notes and bonds shall not be a debt of the state. All notes and bonds of the authority shall contain on the face thereof a statement to such effect.History:  1971 c. 287.
WI Stat § 234.16 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.16 - General reserve fund.

234.16  General reserve fund. The authority shall establish a special fund, referred to in this chapter as general reserve fund, and shall pay into such fund all fees and charges collected by the authority and any moneys which the authority transfers from the capital reserve fund. Such moneys and any other moneys paid into the general reserve fund, in the discretion of the authority but subject to agreements with bondholders and noteholders, may be used by the authority: (1) For the repayment of advances from the state in accordance with the repayment agreements between the authority and the secretary of administration; (2) To pay all costs, expenses and charges of financing, including fees and expenses of trustees and paying agents; (3) For transfers to the capital reserve fund; (4) For the payment of the principal of and interest on notes or bonds issued by the authority when the same become due whether at maturity or on call for redemption and for the payment of any redemption premium required to be paid where such bonds or notes are redeemed prior to their stated maturities, and to purchase notes or bonds; or (5) For such other corporate purposes of the authority as the authority in its discretion determines.History:  1971 c. 287.
WI Stat § 234.17 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.17 - Repayment to general fund.

234.17  Repayment to general fund. (1) The authority shall repay the amounts appropriated under s. 20.143 (1) (a), 1971 stats., to the general fund from that portion of the authority's surplus, if any, as is determined by agreement between the authority and the secretary of administration. (2) By July 31, 2005, July 31, 2006, and July 31, 2007, the authority shall pay into the state treasury an amount equal to the cost to the state of the tax exemption under ss. 71.05 (1) (c) 1m., 71.26 (1m) (em), and 71.45 (1t) (em) in the previous taxable year, as determined jointly by the secretary of administration and the authority.History:  1971 c. 287; 1975 c. 39; 1977 c. 418; 2003 a. 85.
WI Stat § 234.18 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.18 - Limit on amount of outstanding bonds and notes.

234.18  Limit on amount of outstanding bonds and notes. (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.History:  1971 c. 287; 1975 c. 200; 1977 c. 108, 317; 1979 c. 18; 1981 c. 349; 1983 a. 36 s. 96 (4); 1985 a. 29; 1987 a. 69; 1991 a. 39; 1995 a. 27 s. 9116 (5); 1997 a. 27; 2005 a. 75; 2019 a. 9.
WI Stat § 234.19 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.19 - Notes and bonds; pledge and agreement of state.

234.19  Notes and bonds; pledge and agreement of state. The state pledges and agrees with the holders of any notes or bonds issued under this chapter, that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of the holders until the notes or bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.History:  1971 c. 287.
WI Stat § 234.20 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.20 - Default; trustee.

234.20  Default; trustee. (1) If the authority defaults in the payment of principal of or interest on any issue of notes or bonds after they become due, whether at maturity or upon call for redemption, and the default continues for a period of 30 days or if the authority fails or refuses to comply with this chapter or defaults in any agreement made with the holders of any issue of notes or bonds, the holders of 25 percent in aggregate principal amount of the notes or bonds of the issue then outstanding, by instrument recorded in the office of the register of deeds of Dane County and approved or acknowledged in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of the notes or bonds for the purposes otherwise specifically provided. (2) The trustee may, and upon written request of the holders of 25 percent in principal amount of such notes or bonds then outstanding shall, in the trustee's name:(a) By action or proceeding, enforce all rights of the noteholders or bondholders, including the right to require the authority to collect fees and charges and interest and amortization payments on mortgage loans made by it adequate to carry out any agreement as to, or pledge of, such fees and charges and interest and amortization payments on such mortgages, and other properties and to require the authority to carry out any other agreements with the holders of such notes or bonds and to perform its duties under this chapter;(b) Bring suit upon such notes or bonds;(c) By action, require the authority to account as if it were the trustee of an express trust for the holders of such notes or bonds;(d) By action, enjoin any acts or things which may be unlawful or in violation of the rights of the holders of such notes or bonds; and(e) Declare all such notes or bonds due and payable, and if all defaults shall be made good, then, with the consent of the holders of 25 percent of the principal amount of such notes or bonds then outstanding, to annul such declaration and its consequences.History:  1971 c. 287; 1991 a. 316; 1993 a. 301.
WI Stat § 234.21 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.21 - Trustee; additional powers.

234.21  Trustee; additional powers. The trustee, in addition to the powers granted in s. 234.20 shall have all of the powers necessary or appropriate for the exercise of any functions specifically set forth in this chapter or incident to the general representation of noteholders or bondholders in the enforcement and protection of their rights.History:  1971 c. 287.
WI Stat § 234.22 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.22 - Venue.

234.22  Venue. The venue of any action or proceeding by the trustee under ss. 234.19, 234.20 and 234.21 shall be in Dane County.History:  1971 c. 287.
WI Stat § 234.23 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.23 - Notice before declaration that notes or bonds are due and payable.

234.23  Notice before declaration that notes or bonds are due and payable. Before declaring the principal of notes or bonds due and payable, the trustee shall first give 30 days' notice in writing to the governor, the authority and the attorney general.History:  1971 c. 287.
WI Stat § 234.24 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.24 - System of funds and accounts.

234.24  System of funds and accounts. Subject to agreements with noteholders and bondholders, the authority shall prescribe a system of funds and accounts.History:  1971 c. 287; 1975 c. 221; 1983 a. 81.
WI Stat § 234.25 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.25 - Annual report.

234.25  Annual report. (1) The authority shall submit to the governor, the cochairpersons of the joint committee on finance, the senate committee on housing and urban development, the assembly committee on municipalities, such other committees as the legislature by joint resolution may determine, and the secretary of administration within 6 months after the end of its fiscal year a complete and detailed report setting forth:(a) Its operations, accomplishments, goals and objectives;(b) A statement of income and expenses for such fiscal year in accordance with the categories or classifications established by the authority for its operating and capital outlay purposes;(c) Its assets and liabilities at the end of its fiscal year, including a schedule of its leases and mortgages and the status of reserve, special or other funds;(d) A schedule of its bonds and notes outstanding at the end of its fiscal year, together with a statement of the amounts redeemed and incurred during such fiscal year; and(e) An evaluation of its progress in implementing within its own housing programs the goals, policies, and objectives of the state housing strategy plan under s. 16.302, and recommendations for legislation to improve its ability to carry out its programs consistent with the state housing strategy plan.  (2) The authority, annually on January 15, shall file with the department of administration and the joint legislative council a complete and current listing of all forms, reports and papers required by the authority to be completed by any person, other than a governmental body, as a condition of obtaining the approval of the authority or for any other reason. The authority shall attach a blank copy of each such form, report or paper to the listing.History:  1971 c. 287; 1979 c. 221; 1981 c. 349; 1983 a. 36; 1985 a. 29 s. 3202 (14); 1991 a. 39; 1993 a. 52, 184; 2003 a. 33; 2011 a. 32.
WI Stat § 234.255 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.255 - Economic development assistance coordination and reporting.

234.255  Economic development assistance coordination and reporting. (1) The authority shall coordinate any economic development assistance with the Wisconsin Economic Development Corporation. (2) Annually, no later than October 1, the authority shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in s. 234.032 (1), administered by the authority. The report shall include all of the information required under s. 238.07 (2). The authority shall collaborate with the Wisconsin Economic Development Corporation to make readily accessible to the public on an Internet-based system the information required under this section.History:  2007 a. 125; 2011 a. 32.
WI Stat § 234.26 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.26 - Notes and bonds as legal investments.

234.26  Notes and bonds as legal investments. (1) Any of the following persons or entities may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any notes or bonds issued by the authority:(a) The state, the investment board, all public officers, municipal corporations, political subdivisions, and public bodies.(b) All banks, bankers, savings and loan associations, credit unions, trust companies, savings banks, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business.(c) All personal representatives, guardians, trustees, and other fiduciaries. (2) The notes and bonds described in sub. (1) shall be authorized security for all public deposits and shall be fully negotiable in this state.History:  1971 c. 287; 1991 a. 221; 2001 a. 102.
WI Stat § 234.265 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.265 - Records of the authority.

234.265  Records of the authority. All records of the authority or any corporation established by the authority shall be open to the public, except: (1) Those records relating to pending grants, economic development loans or housing projects which, in the opinion of the authority, must remain confidential to protect the competitive nature of the grant, loan or project. (2) Records or portions of records consisting of personal or financial information provided by a person seeking a grant or loan under s. 234.63, 2007 stats., or s. 234.04, 234.08, 234.49, 234.59, 234.592, 234.605, 234.61, 234.65, 234.67, 234.83, 234.84, 234.90, 234.905, 234.907, or 234.91, seeking a loan under ss. 234.621 to 234.626, seeking financial assistance under s. 234.66, 2005 stats., seeking mortgage loan refinancing from a lender under s. 234.605, seeking investment of funds under s. 234.03 (18m), or in which the authority has invested funds under s. 234.03 (18m), unless the person consents to disclosure of the information.History:  1971 c. 287; 1983 a. 81, 83, 192; 1985 a. 29, 334; 1987 a. 421; 1989 a. 31, 335, 336, 359; 1991 a. 39, 309; 1993 a. 16, 437; 1995 a. 116, 150; 1997 a. 27, 35; 1999 a. 9; 2005 a. 75, 487; 2007 a. 125; 2009 a. 2.
WI Stat § 234.28 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 234 - Wisconsin housing and economic development authority.|234.28 - Notes and bonds; exemption from taxation.

234.28  Notes and bonds; exemption from taxation. The state covenants with the purchasers and all subsequent holders and transferees of notes and bonds issued by the authority, in consideration of the acceptance of any payment for the notes and bonds, that its fees, charges, gifts, grants, revenues, receipts and other moneys received or to be received, pledged to pay or secure the payment of such notes or bonds shall at all times be free and exempt from all state, city, county or other taxation provided by the laws of the state.History:  1971 c. 287.