LRB-2509/1
KSH:mfd:jf
1997 - 1998 LEGISLATURE
April 9, 1997 - Introduced by Senators Moen, Farrow and Decker, cosponsored by
Representatives Musser, R. Young, Springer and
Ryba. Referred to
Committee on Health, Human Services, Aging, Corrections, Veterans and
Military Affairs.
SB155,1,2
1An Act to amend 231.03 (6) (intro.) of the statutes;
relating to: bonding
2authority of the Wisconsin Health and Educational Facilities Authority.
Analysis by the Legislative Reference Bureau
Under current law, the Wisconsin Health and Educational Facilities Authority
(WHEFA) may issue bonds to finance projects undertaken by certain types of health
institutions, educational institutions and child care centers. If a project meets
certain statutory criteria, WHEFA is required to issue bonds for the project unless
it determines that the issuance of the bonds for the project would not be financially
feasible. This bill removes this requirement, making WHEFA's authority to issue
bonds permissive.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB155, s. 1
3Section
1. 231.03 (6) (intro.) of the statutes is amended to read:
SB155,1,64
231.03
(6) (intro.) Issue bonds of the authority
, and may refuse to issue bonds
5of the authority only if it determines that the issuance would not be financially
6feasible, to do the following:
