reglab/statecodes huggingface dataset:
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.21 - Bond security.

233.21
Bond security.
The authority may secure bonds by a trust agreement, trust indenture, indenture of mortgage or deed of trust by and between the authority and one or more corporate trustees. A bond resolution providing for the issuance of bonds so secured shall mortgage, pledge, assign or grant security interests in some or all of the revenues to be received by, and property of, the authority and may contain those provisions for protecting and enforcing the rights and remedies of the bondholders that are reasonable and proper and not in violation of law. A bond resolution may contain other provisions determined by the board to be reasonable and proper for the security of the bondholders.
History:  1995 a. 27.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.22 - Bonds not public debt.

233.22
Bonds not public debt.
(1)
The state is not liable on bonds and the bonds are not a debt of the state. All bonds shall contain a statement to this effect on the face of the bond. A bond issue does not, directly or indirectly or contingently, obligate the state or a political subdivision of the state to levy any tax or make any appropriation for payment of the bonds. Nothing in this section prevents the authority from pledging its full faith and credit to the payment of bonds.
(2)
Nothing in this chapter authorizes the authority to create a debt of the state, and all bonds issued by the authority are payable, and shall state that they are payable, solely from the funds pledged for their payment in accordance with the bond resolution authorizing their issuance or in any trust indenture or mortgage or deed of trust executed as security for the bonds. The state is not liable for the payment of the principal of or interest on a bond or for the performance of any pledge, mortgage, obligation or agreement that may be undertaken by the authority. The breach of any pledge, mortgage, obligation or agreement undertaken by the authority does not impose pecuniary liability upon the state or a charge upon its general credit or against its taxing power.
History:  1995 a. 27.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.23 - State pledge.

233.23
State pledge.
The state pledges to and agrees with the bondholders, and persons that enter into contracts with the authority under this chapter, that the state will not limit or alter the rights vested in the authority by this chapter before the authority has fully met and discharged the bonds, and any interest due on the bonds, and has fully performed its contracts, unless adequate provision is made by law for the protection of the bondholders or those entering into contracts with the authority.
History:  1995 a. 27.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.26 - Refunding bonds.

233.26
Refunding bonds.
(1)
The authority may issue bonds to fund or refund any outstanding bond, including the payment of any redemption premium on the outstanding bond and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase or maturity.
(2)
The authority may apply the proceeds of any bond issued to fund or refund any outstanding bond to purchase, retire at maturity or redeem any outstanding bond. The authority may, pending application, place the proceeds in escrow to be applied to the purchase, retirement at maturity or redemption of any outstanding bond at any time.
History:  1995 a. 27.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.40 - Hospitals charges.

233.40
Hospitals charges.
(1)
Rates. The University of Wisconsin Hospitals and Clinics shall treat patients so admitted at rates computed in the following manner:
(a)
Room rate. The chief executive officer shall establish with the approval of the board of directors a schedule of room rates for patients which may be adjusted by the chief executive officer with the approval of the board of directors to meet changes in the cost of operation. As used in this section “room rates" includes the charges for meals and for ordinary nursing care.
(c)
Ancillary services. All services provided except those covered by the room rate shall be charged for in accordance with a schedule established and maintained for public inspection by the University of Wisconsin Hospitals and Clinics Authority.
(3)
Indian children. Indian children whose hospital care is to be paid from funds granted the office of Indian affairs, U.S. department of interior, shall be admitted to the University of Wisconsin Hospitals and Clinics at the rates established under sub. (1).
(4)
Additional charges forbidden. The University of Wisconsin Hospitals and Clinics Authority may not charge any compensation other than the amount provided by the board of directors for any of the following patients:
(c)
Any child referred to the hospitals or their clinics by the children's consultation service of a mental health institute under s. 46.041.
(d)
Any pupil referred to the hospitals or their clinics by the state superintendent of public instruction under s. 115.53 (4).
(e)
Any American Indian child admitted to the hospitals whose care is being paid under sub. (3).
History:  1971 c. 100 s. 23; 1975 c. 39 ss. 631m, 732 (1); 1977 c. 29; 1977 c. 418 ss. 628, 924 (50); 1977 c. 447 s. 206; 1977 c. 449; 1981 c. 314; 1983 a. 27; 1985 a. 29, 176; 1995 a. 27 ss. 4197 to 4200; Stats. 1995 s. 233.40; 1997 a. 27, 35.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.41 - Soldiers preferred patients.

233.41
Soldiers preferred patients.
In admitting patients to the University of Wisconsin Hospitals and Clinics, preference shall be given to honorably discharged veterans of any of the wars of the United States or who is otherwise eligible for benefits from the department of veterans affairs. Preference is hereby defined to mean that whenever the chief executive officer of the authority is notified that the applicant is such a veteran, such veteran shall be the next person so admitted to the hospital, except in case of an emergency.
History:  1995 a. 27 s. 4202; Stats. 1995 s. 233.41.
2023 Wisconsin Statutes & Annotations › Chapter 233 - University of Wisconsin hospitals and clinics authority. › 233.42 - Subject to ch. 150.

233.42
Subject to ch. 150.
The University of Wisconsin Hospitals and Clinics is subject to ch. 150.
History:  1977 c. 29; 1977 c. 418 s. 924 (50); 1977 c. 477 s. 206; 1995 a. 27 s. 4203; Stats. 1995 s. 233.42.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.032 - Goals and accountability measures for economic development programs.

234.032
Goals and accountability measures for economic development programs.
(1)
In this section, “economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:
(a)
The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.
(b)
The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.
(2)
The authority, in consultation with the Wisconsin Economic Development Corporation, shall do all of the following for each economic development program administered by the authority:
(a)
Establish clear and measurable goals for the program that are tied to statutory policy objectives.
(b)
Establish at least one quantifiable benchmark for each program goal described in par. (a).
(c)
Require that each recipient of a grant or loan under the program submit a report to the authority. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the authority and the performance measures to be included in the report.
(d)
Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in pars. (a) and (b).
(e)
Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under par. (c).
(f)
Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the authority a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The authority shall include the requirement established by rule under this paragraph in the contract entered into by a grant or loan recipient.
(g)
Establish by rule policies and procedures permitting the authority to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the board or fails to comply with the terms of a contract entered into with the authority under the program and fails to provide to the satisfaction of the authority an explanation for the noncompliance:
1.
Recoup payments made to the recipient.
2.
Withhold payments to be made to the recipient.
3.
Impose a forfeiture on the recipient.
History:  2007 a. 125; 2011 a. 32.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.034 - Consistency with state housing strategy plan.

234.034
Consistency with state housing strategy plan.
Subject to agreements with bondholders or noteholders, the authority shall exercise its powers and perform its duties related to housing consistent with the state housing strategy plan under s. 16.302.
History:  1981 c. 349; 1983 a. 81, 83; 1985 a. 29 s. 3202 (14); 1991 a. 39, 189; 2003 a. 33; 2011 a. 32.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.04 - Loans to eligible sponsors of housing projects and to or for persons and families of low and moderate income.

234.04
Loans to eligible sponsors of housing projects and to or for persons and families of low and moderate income.
(1)
The authority may make or participate in the making of construction loans to eligible sponsors of housing projects for the construction or rehabilitation of housing for persons and families of low and moderate income. Such loans shall be made only upon the determination by the authority that construction loans are not otherwise available from private lenders upon reasonably equivalent terms and conditions.
(2)
The authority may make or participate in the making and enter into commitments for the making of long-term mortgage loans to eligible sponsors of housing projects for occupancy by persons and families of low and moderate income, or for the making of homeownership mortgage loans or housing rehabilitation loans or loans for the refinancing of qualified subprime loans under s. 234.592 to persons and families of low and moderate income, an applicant under s. 234.59 or 234.592, or other eligible beneficiaries as defined in s. 234.49. The loans may be made only upon the determination by the authority that they are not otherwise available from private lenders upon reasonably equivalent terms and conditions. The authority may not make a loan to a person whose name appears on the statewide support lien docket under s. 49.854 (2) (b), unless the person provides to the authority a payment agreement that has been approved by the county child support agency under s. 59.53 (5) and that is consistent with rules promulgated under s. 49.858 (2) (a). The authority may employ, for such compensation as it determines, the services of any financial institution in connection with any loan.
(3)
The authority may make or participate in the making and enter into commitments for the making of loans to any banking institution, savings bank, savings and loan association or credit union organized under the laws of this or any other state or of the United States having an office in this state, if the authority first determines that the proceeds of such loans will be utilized for the purpose of making long-term mortgage loans to persons or families of low and moderate income, or for the purpose of providing residential housing for occupancy by persons or families of low and moderate income, or for the purpose of making housing rehabilitation loans.
(4)
A loan shall be secured in such manner and be repaid in such a period, not exceeding 50 years, as may be determined by the authority; and shall bear interest at a rate determined by the authority.
History:  1971 c. 287; 1975 c. 221; 1977 c. 418; 1979 c. 361 s. 113; 1981 c. 349; 1985 a. 29; 1987 a. 27, 359; 1991 a. 221; 1995 a. 404; 1999 a. 9; 2009 a. 2.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.05 - Housing development fund; establishment; payments into fund.

234.05
Housing development fund; establishment; payments into fund.
(1)
There is established under the jurisdiction and control of the authority a revolving fund to be known as the “housing development fund".
(2)
There shall be paid into the housing development fund:
(a)
Any moneys which the authority receives as interest on or in repayment of temporary loans made from the housing development fund;
(b)
Any moneys transferred by the authority to the housing development fund from other funds or sources; and
(c)
Any other moneys which may be made available to the authority for the purpose of the housing development fund from any other source.
History:  1971 c. 287.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.06 - Use of moneys held in housing development fund; temporary loans; grants.

234.06
Use of moneys held in housing development fund; temporary loans; grants.
(1)
The authority may, as authorized in the state housing strategy plan under s. 16.302, use the moneys held in the housing development fund to make temporary loans to eligible sponsors, with or without interest, and with such security for repayment, if any, as the authority determines reasonably necessary and practicable, solely from the housing development fund, to defray development costs for the construction of proposed housing projects for occupancy by persons and families of low and moderate income. No temporary loan may be made unless the authority may reasonably anticipate that satisfactory financing may be obtained by the eligible sponsor for the permanent financing of the housing project.
(2)
The proceeds of the temporary loan may be used only to defray the development costs of the housing project. Each temporary loan shall be repaid in full by the eligible sponsor to the authority concurrent with the receipt by the eligible sponsor of the proceeds of the permanent financing.
(3)
The authority may, as authorized in the state housing strategy plan under s. 16.302, use the moneys held in the housing development fund to establish and administer programs of grants to counties, municipalities, and eligible sponsors of housing projects for persons of low and moderate income, to pay organizational expenses, administrative costs, social services, technical services, training expenses, or costs incurred or expected to be incurred by counties, municipalities, or sponsors for land and building acquisition, construction, improvements, renewal, rehabilitation, relocation, or conservation under a plan to provide housing or related facilities, if the costs are not reimbursable from other private or public loan, grant, or mortgage sources.
History:  1971 c. 287; 1981 c. 349; 1985 a. 29 ss. 2118, 3202 (14); 1991 a. 39; 2003 a. 33; 2011 a. 32.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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; 2021 a. 238 s. 45.
2023 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.
2023 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.
2023 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.
2023 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.
(3)
On July 7, 2023, the amount specified in sub. (1), including the increase specified in sub. (2), 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; 2023 a. 19.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.29 - Equality of occupancy and employment.

234.29
Equality of occupancy and employment.
The authority shall require that occupancy of housing projects assisted under this chapter be open to all regardless of sex, race, religion, sexual orientation, status as a victim of domestic abuse, sexual assault, or stalking, as defined in s. 106.50 (1m) (u), or creed, and that contractors and subcontractors engaged in the construction of economic development or housing projects, shall provide an equal opportunity for employment, without discrimination as to sex, race, religion, sexual orientation, or creed.
History:  1971 c. 287; 1975 c. 94; 1981 c. 112; 1983 a. 83; 2009 a. 95.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.30 - Cooperation.

234.30
Cooperation.
The heads of all departments, boards, councils, committees and commissions in the administrative branch, and the heads of the various divisions, sections and departments thereunder, shall extend their full and unlimited cooperation, including but not limited to the providing of personnel and facilities, to the authority.
History:  1971 c. 287.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.32 - Laws not applicable to authority.

234.32
Laws not applicable to authority.
(1)
Chapter 138 shall not apply to the authority.
(2)
The authority may adopt by resolution ch. 34, or any section, subsection, paragraph or subdivision of ch. 34. If adopted by resolution of the authority, ch. 34, or any section, subsection, paragraph or subdivision of ch. 34 shall apply to the authority.
History:  1975 c. 221; 1977 c. 320.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.35 - Minority financial interests.

234.35
Minority financial interests.
(1)
In this section, “minority business," “minority financial adviser," and “minority investment firm" mean a business, financial adviser, and investment firm, respectively, certified by the department of administration under s. 16.287 (2).
(2)
The authority shall annually report to the department of administration the total amount purchased from and contracted or subcontracted under contracts made by the authority to minority businesses, the total amount of bonds and notes issued by the authority with the underwriting services of minority investment firms and the total amount of moneys expended by the authority for the services of minority financial advisers during the preceding state fiscal year.
History:  1987 a. 27; 1995 a. 27 s. 9116 (5); 1997 a. 27 s. 3374; Stats. 1997 s. 234.35; 2011 a. 32; 2015 a. 196.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.36 - Disabled veteran-owned business financial interests.

234.36
Disabled veteran-owned business financial interests.
(1)
In this section, “business," “financial adviser," and “investment firm" mean a business, financial adviser, and investment firm certified by the department of administration under s. 16.283 (3).
(2)
The authority shall annually report to the department of administration the total amount purchased from and contracted or subcontracted under contracts made by the authority to businesses, the total amount of bonds and notes issued by the authority with the underwriting services of investment firms, and the total amount of moneys expended by the authority for the services of financial advisers during the preceding state fiscal year.
History:  2009 a. 299; 2011 a. 32; 2011 a. 260 s. 80.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.40 - Bonds for veterans housing loans and other veterans assistance programs.

234.40
Bonds for veterans housing loans and other veterans assistance programs.
(1)
The authority shall issue its negotiable bonds in such principal amount and length of maturity as to provide sufficient funds for veterans housing loans made pursuant to s. 45.37, 2017 stats.
(2)
Bonds issued under the authority of this section are payable out of revenues or moneys received from the repayment of veterans housing loans and related funds made available in ss. 234.42 and 234.43. All assets and liabilities created through the issuance of bonds to purchase mortgage loans representing veterans housing loans are to be separate from all other assets and liabilities of the authority. No funds of the veterans housing loan program may be commingled with any other funds of the authority.
(3)
It is the intent of the legislature that the authority be used to finance the veterans housing program.
(4)
The limitations established in ss. 234.18, 234.50, 234.60, 234.61, and 234.65 are not applicable to bonds issued under the authority of this section. The authority may not have outstanding at any one time bonds for veterans housing loans in an aggregate principal amount exceeding $61,945,000, excluding bonds being issued to refund outstanding bonds.
History:  1973 c. 208, 333; 1975 c. 26; 1977 c. 418; 1979 c. 102; 1981 c. 349 s. 32; 1983 a. 27 s. 2202 (20); 1983 a. 81 s. 13; 1983 a. 83 s. 22; 1983 a. 192; 1985 a. 29 s. 3202 (28); 1985 a. 334; 1993 a. 437; 1997 a. 27; 2005 a. 22, 75, 487; 2007 a. 125; 2009 a. 2; 2019 a. 9.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.41 - Veterans housing loan fund; establishment and use.

234.41
Veterans housing loan fund; establishment and use.
(1)
There is established under the jurisdiction of the authority a veterans housing loan fund. All moneys resulting from the sale of bonds for the purpose of veterans housing pursuant to s. 45.37, 2017 stats., unless credited to the veterans capital reserve fund, shall be credited to the fund.
(2)
The authority shall use moneys in the fund for the purpose of purchasing loans representing veterans housing loans pursuant to s. 45.37, 2017 stats. All disbursements of funds under this section for purchasing mortgage loans shall be made payable to authorized lenders as defined in s. 45.31 (3), 2017 stats., and eligible persons as defined in s. 45.31 (5), 2017 stats.
(3)
Moneys of the veterans housing loan fund may be invested as provided in s. 234.03 (18). All such investments shall be the exclusive property of the fund. All earnings on or income from such investments shall be credited to the fund, paid over to the department of veterans affairs and deposited in the veterans trust fund after payment or repayment of any deficits arising in the veterans capital reserve fund and after payment of expenses contained in sub. (4).
(4)
The authority may use moneys in the fund to cover actual and necessary expenses incurred in the sale and investment of bonds and bond revenues.
(5)
Any moneys remaining in the veterans housing loan fund and not needed for purposes of the veterans capital reserve fund shall be transferred to the veterans housing bond redemption fund.
History:  1973 c. 208, 333, 336; 1991 a. 39; 2005 a. 22; 2019 a. 9.
2023 Wisconsin Statutes & Annotations › Chapter 234 - Wisconsin housing and economic development authority. › 234.43 - Veterans housing bond redemption fund.

234.43
Veterans housing bond redemption fund.
(1)
The authority shall establish the veterans housing bond redemption fund. All mortgages purchased with moneys from the veterans housing loan fund shall be the exclusive property of the bond redemption fund. All moneys received by the authority from the repayment of veterans housing loans shall be deposited into such fund to be used for the repayment of veterans housing bonds issued pursuant to s. 234.40.
(2)
Subject to agreements with bondholders, disbursements shall be made:
(a)
For the payment of the principal of and interest on 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 are redeemed prior to their stated maturities, and to purchase bonds;
(b)
To pay administrative costs, expenses and charges to service outstanding bonds including fees and expenses of trustees and paying agents;
(c)
For repayment of advances from the state made through s. 20.485 (3) (b), 2017 stats.;
(d)
For transfer to the veterans capital reserve fund; and
(e)
Any surplus remaining after satisfaction of all obligations of pars. (a) to (d) shall be paid over to the department of veterans affairs and deposited in the veterans trust fund.
History:  1973 c. 208; 1975 c. 200; 1979 c. 34; 1991 a. 39; 2019 a. 9; 2021 a. 239 s. 74.