AB40,902,2522 231.01 (7) (a) 1. A specific health facility, educational facility, nonprofit facility,
23or research facility work or improvement to be refinanced, acquired, constructed,
24enlarged, remodeled, renovated, improved, furnished, or equipped by the authority
25with funds provided in whole or in part under this chapter.

AB40,903,72 231.01 (7) (a) 2. One or more structures suitable for use as a research facility,
3nonprofit facility, health facility, laboratory, laundry, nurses' or interns' residence or
4other multi-unit housing facility for staff, employees, patients or relatives of
5patients admitted for treatment or care in a health facility, physician's facility,
6administration building, nonprofit facility, research facility, maintenance, storage,
7or utility facility.

AB40,903,129 231.01 (7) (a) 4. Any structure useful for the operation of a health facility,
10educational facility, nonprofit facility, or research facility, including facilities or
11supporting service structures essential or convenient for the orderly conduct of the
12health facility, educational facility, nonprofit facility, or research facility.

AB40,903,1914 231.01 (7) (c) "Project" may include more than one project, and it may include
15any combination of projects undertaken jointly by any participating health
16institution, participating educational institution, participating nonprofit
17institution, or participating research institution with one or more other
18participating health institutions, participating educational institutions,
19participating nonprofit institutions, or participating research institutions.

AB40,904,2121 231.02 (6) (b) Notwithstanding any other provision of law, it is not a conflict
22of interest or violation of this section or of any other law for a trustee, director, officer,
23or employee of a participating health institution, participating educational
24institution, participating nonprofit institution, or participating research institution
25or for a person having the required favorable reputation for skill, knowledge, and

---

1experience in state and municipal finance or for a person having the required
2favorable reputation for skill, knowledge, and experience in the field of health
3facility, educational facility, nonprofit facility, or research facility architecture to
4serve as a member of the authority; if in each case to which par. (a) is applicable, the
5trustee, director, officer, or employee of the participating health institution,
6participating educational institution, participating nonprofit institution, or
7participating research institution abstains from discussion, deliberation, action, and
8vote by the authority in specific respect to any undertaking pursuant to this chapter
9in which his or her participating health institution, participating educational
10institution, participating nonprofit institution, or participating research institution
11has an interest, or the person having the required favorable reputation for skill,
12knowledge, and experience in state and municipal finance abstains from discussion,
13deliberation, action, and vote by the authority in specific respect to any sale,
14purchase, or ownership of bonds of the authority in which any business of which such
15person is a participant, owner, officer, or employee has a past, current, or future
16interest, or such person having the required favorable reputation for skill,
17knowledge, and experience in the field of health facility, educational facility,
18nonprofit facility, or research facility architecture abstains from discussion,
19deliberation, action, and vote by the authority in specific respect to construction or
20acquisition of any project of the authority in which any business of which such person
21is a participant, owner, officer, or employee has a past, current, or future interest.

AB40,905,1323 231.03 (5) Determine the location and character of any project to be financed
24under this chapter, and construct, reconstruct, remodel, maintain, enlarge, alter, add
25to, repair, lease as lessee or lessor and regulate the same, enter into contracts for any

---

1such purpose, enter into contracts for the management and operation of a project or
2other health facilities, educational facilities, nonprofit facilities, or research facilities
3owned by the authority, and designate a participating health institution,
4participating educational institution, participating nonprofit institution, or
5participating research institution as its agent to determine the location and
6character of a project undertaken by the participating health institution,
7participating educational institution, participating nonprofit institution, or
8participating research institution under this chapter and as the agent of the
9authority, to construct, reconstruct, remodel, maintain, manage, enlarge, alter, add
10to, repair, operate, lease as lessee or lessor and regulate the same, and as the agent
11of the authority, to enter into contracts for any such purpose, including contracts for
12the management and operation of such project or other health facilities, educational
13facilities, nonprofit facilities, or research facilities owned by the authority.

AB40,905,1615 231.03 (6) (j) Finance any project undertaken for a nonprofit facility by a
16participating nonprofit institution.

AB40,905,1918 231.03 (6) (k) Refinance outstanding debt of any participating nonprofit
19institution.

AB40,906,221 231.03 (7) Fix and revise from time to time and charge and collect rates, rents,
22fees, and charges for the use of and for the services furnished or to be furnished by
23a project or other health facilities, educational facilities, nonprofit facilities, or
24research facilities owned by the authority or any portion thereof, contract with any
25person in respect thereto and coordinate its policies and procedures, and cooperate

---

1with recognized health facility, educational facility, nonprofit facility, or research
2facility rate setting mechanisms.

AB40,906,174 231.03 (8) Adopt rules for the use of a project or other health facility,
5educational facility, nonprofit facility, or research facility or any portion of the project
6or facility owned, financed, or refinanced in whole or in part by the authority,
7including any property used as security for a loan secured through, from, or with the
8assistance of the authority. The authority may designate a participating health
9institution, participating educational institution, participating nonprofit
10institution, or participating research institution as its agent to establish rules for the
11use of a project or other health facilities, educational facilities, nonprofit facilities,
12or research facilities undertaken for that participating health institution,
13participating educational institution, participating nonprofit institution, or
14participating research institution. The rules shall ensure that a project, health
15facility, educational facility, research facility, nonprofit facility, or property may not
16be used primarily for sectarian instruction or study or as a place for devotional
17activities or religious worship.

AB40,907,519 231.03 (11) Establish or contract with others to carry out on its behalf a health
20facility, educational facility, nonprofit facility, or research facility project cost
21estimating service, and make this service available on all projects to provide expert
22cost estimates and guidance to the participating health institution, participating
23educational institution, participating nonprofit institution, or participating
24research institution and to the authority. To implement this service and, through it,
25to contribute to cost containment, the authority may require such reasonable reports

---

1and documents from health facility, educational facility, nonprofit facility, or
2research facility projects as are required for this service and for the development of
3cost reports and guidelines. The authority shall appoint a technical committee on
4health facility, educational facility, nonprofit facility, or research facility project costs
5and cost containment.

AB40,907,197 231.03 (13) Make loans to any participating health institution, participating
8educational institution, participating nonprofit institution, or participating
9research institution for the cost of a project in accordance with an agreement
10between the authority and the participating health institution, participating
11educational institution, participating nonprofit institution, or participating
12research institution. The authority may secure the loan by a mortgage or other
13security arrangement on the health facility, educational facility, nonprofit facility, or
14research facility granted by the participating health institution, participating
15educational institution, participating nonprofit institution, or participating
16research institution to the authority. The loan may not exceed the total cost of the
17project as determined by the participating health institution, participating
18educational institution, participating nonprofit institution, or participating
19research institution and approved by the authority.

AB40,908,321 231.03 (14) Make loans to a health facility, educational facility, nonprofit
22facility, or research facility for which bonds may be issued under sub. (6) (b), (d), or
23(i), or (k), to refinance the health facility's, educational facility's, nonprofit facility's,
24or research facility's outstanding debt. The authority may secure the loan or bond
25by a mortgage or other security arrangement on the health facility, educational

---

1facility, nonprofit facility, or research facility granted by the participating health
2institution, participating educational institution, participating nonprofit
3institution, or participating research institution to the authority.

AB40,908,125 231.03 (15) Mortgage all or any portion of a project and other health facilities,
6educational facilities, nonprofit facilities, or research facilities and the site thereof,
7whether owned or thereafter acquired, for the benefit of the holders of bonds issued
8to finance the project, health facilities, educational facilities, nonprofit facilities, or
9research facilities or any portion thereof or issued to refund or refinance outstanding
10indebtedness of participating health institutions, participating educational
11institutions, participating nonprofit institutions, or participating research
12institutions as permitted by this chapter.

AB40,909,614 231.03 (16) Lease to a participating health institution, participating
15educational institution, participating nonprofit institution, or participating
16research institution the project being financed or other health facilities, educational
17facilities, nonprofit facilities, or research facilities conveyed to the authority in
18connection with such financing, upon such terms and conditions as the authority
19deems proper, and charge and collect rents therefor, and terminate any such lease
20upon the failure of the lessee to comply with any of the obligations thereof; and
21include in any such lease, if desired, provisions that the lessee thereof shall have
22options to renew the term of the lease for such periods and at such rent as the
23authority determines or to purchase all or any part of the health facilities,
24educational facilities, nonprofit facilities, or research facilities or that, upon
25payment of all of the indebtedness incurred by the authority for the financing of such

---

1project or health facilities, educational facilities, nonprofit facilities, or research
2facilities or for refunding outstanding indebtedness of a participating health
3institution, participating educational institution, participating nonprofit
4institution, or participating research institution, the authority may convey all or any
5part of the project or such other health facilities, educational facilities, nonprofit
6facilities, or research facilities to the lessees thereof with or without consideration.

AB40,909,118 231.03 (17) Charge to and apportion among participating health institutions,
9participating educational institutions, participating nonprofit institutions, and
10participating research institutions its administrative costs and expenses incurred in
11the exercise of the powers and duties conferred by this chapter.

AB40,909,1813 231.03 (18) Make studies of needed health facilities, educational facilities,
14nonprofit facilities, and research facilities that could not sustain a loan were it made
15under this chapter and recommend remedial action to the legislature; and do the
16same with regard to any laws or rules that prevent health facilities, educational
17facilities, nonprofit facilities, and research facilities from benefiting from this
18chapter.

AB40,910,520 231.03 (19) Obtain, or aid in obtaining, from any department or agency of the
21United States or of this state or any private company, any insurance or guaranty
22concerning the payment or repayment of, interest or principal, or both, or any part
23thereof, on any loan, lease, or obligation or any instrument evidencing or securing
24the same, made or entered into under the provisions of this chapter; and
25notwithstanding any other provisions of this chapter, to enter into any agreement,

---

1contract, or other instrument with respect to that insurance or guaranty, to accept
2payment in the manner and form provided therein in the event of default by a
3participating health institution, participating educational institution, participating
4nonprofit institution, or participating research institution, and to assign the
5insurance or guaranty as security for the authority's bonds.

AB40,910,19 7231.04 Expenses. All expenses of the authority incurred in carrying out this
8chapter shall be payable solely from funds provided under the authority of this
9chapter, and no liability may be incurred by the authority beyond the extent to which
10moneys have been provided under this chapter except that, for the purposes of
11meeting the necessary expenses of initial organization and operation of the authority
12for the period commencing on June 19, 1974 and continuing until such date as the
13authority derives moneys from funds provided to it under the authority of this
14chapter, the authority may borrow such moneys as it requires to supplement the
15funds provided under s. 20.440. Such moneys borrowed by the authority shall
16subsequently be charged to and apportioned among participating health
17institutions, participating educational institutions, participating nonprofit
18institutions, and participating research institutions in an equitable manner, and
19repaid with appropriate interest over a reasonable period of time.

AB40,911,221 231.05 (1) By means of this chapter, it is the intent of the legislature to provide
22assistance and alternative methods of financing to nonprofit health institutions
23entities to aid them in providing needed health services consistent with the state's
24health plan, to nonprofit educational institutions to aid them in providing needed

---

1educational services, and to nonprofit research institutions to aid them in providing
2needed research facilities, and other needed services and facilities in this state.

AB40,911,13 4231.06 Property acquisition. The authority may acquire, directly or by and
5through a participating health institution, participating educational institution,
6participating nonprofit institution, or participating research institution as its agent,
7by purchase or by gift or devise, such lands, structures, property, rights,
8rights-of-way, franchises, easements, and other interests in lands, including lands
9lying under water and riparian rights, as it deems necessary or convenient for the
10construction or operation of a project, upon such terms and at such prices as it
11considers reasonable and can be agreed upon between it and the owner thereof, and
12take title thereto in the name of the authority or in the name of a health facility,
13educational facility, nonprofit facility, or research facility as its agent.

AB40,911,2015 231.07 (1) (b) Convey to the participating health institution, participating
16educational institution, participating nonprofit institution, or participating
17research institution the authority's interest in the project and in any other health
18facility, educational facility, nonprofit facility, or research facility leased, mortgaged,
19or subject to a deed of trust or any other form of security arrangement to secure the
20bond.

AB40,912,322 231.07 (2) (a) The principal of and interest on any bond issued by the authority
23to finance a project or to refinance or refund outstanding indebtedness of one or more
24participating health institutions, participating educational institutions,
25participating nonprofit institutions, or participating research institutions, including

---

1any refunding bonds issued to refund and refinance the bond, have been fully paid
2and the bonds retired or if the adequate provision has been made to pay fully and
3retire the bond; and

AB40,912,125 231.08 (5) In addition to the other authorizations under this section, bonds of
6the authority may be secured by a pooling of leases whereby the authority may assign
7its rights, as lessor, and pledge rents under 2 or more leases of health facilities,
8educational facilities, nonprofit facilities, or research facilities with 2 or more
9participating health institutions, participating educational institutions,
10participating nonprofit institutions, or participating research institutions, as lessees
11respectively, upon such terms as may be provided for in bond resolutions of the
12authority.

AB40,912,2314 231.10 (1) The state is not liable on notes or bonds of the authority and the notes
15and bonds are not a debt of the state. All notes and bonds of the authority shall
16contain on the face thereof a statement to this effect. The issuance of bonds under
17this chapter shall not, directly or indirectly or contingently, obligate the state or any
18political subdivision thereof to levy any form of taxation therefor or to make any
19appropriation for their payment. Nothing in this section prevents the authority from
20pledging its full faith and credit or the full faith and credit of a participating health
21institution, participating educational institution, participating nonprofit
22institution, or participating research institution to the payment of bonds authorized
23under this chapter.

AB40,913,18

---

1231.12 Studies and recommendations. It is the intent and purpose of this
2chapter that the exercise by the authority of the powers granted to it shall be in all
3respects for the benefit of the people of this state to assist them to provide needed
4health facilities, educational facilities, nonprofit facilities, and research facilities of
5the number, size, type, distribution, and operation that will assure admission and
6health care, education, or research opportunities , or other necessary services of high
7quality to all who need it. The authority shall identify and study all projects which
8are determined by health planning agencies to be needed, but which could not
9sustain a loan were such to be made to it under this chapter. The authority shall
10formulate and recommend to the legislature such amendments to this and other
11laws, and such other specific measures as grants, loan guarantees, interest
12subsidies, or other actions the state may provide which would render the
13construction and operation of needed health facilities, educational facilities,
14nonprofit facilities, and research facilities feasible and in the public interest. The
15authority also shall identify and study any laws or rules which it finds handicaps or
16bars a needed health facility, educational facility, nonprofit facility, or research
17facility from participating in the benefits of this chapter, and recommend to the
18legislature such actions as will remedy such situation.

AB40,914,220 231.13 (1) (intro.) The authority shall collect rents for the use of, or other
21revenues relating to the financing of, each project. The authority shall contract with
22a participating health institution, participating educational institution,
23participating nonprofit institution, or participating research institution for each
24issuance of bonds. The contract shall provide that the rents or other revenues

---

1payable by the health facility, educational facility, nonprofit facility, or research
2facility shall be sufficient at all times to:

AB40,914,194 231.13 (2) The authority shall pledge the revenues derived and to be derived
5from a project and other related health facilities, educational facilities, nonprofit
6facilities, or research facilities for the purposes specified in sub. (1), and additional
7bonds may be issued which may rank on a parity with other bonds relating to the
8project to the extent and on the terms and conditions provided in the bond resolution.
9Such pledge shall be valid and binding from the time when the pledge is made, the
10revenues so pledged by the authority shall immediately be subject to the lien of such
11pledge without any physical delivery thereof or further act and the lien of any such
12pledge shall be valid and binding as against all parties having claims of any kind in
13tort, contract, or otherwise against the authority, irrespective of whether such
14parties have notice thereof. Neither the bond resolution nor any financing
15statement, continuation statement, or other instrument by which a pledge is created
16or by which the authority's interest in revenues is assigned need be filed or recorded
17in any public records in order to perfect the lien thereof as against 3rd parties, except
18that a copy thereof shall be filed in the records of the authority and with the
19department of financial institutions.

AB40,915,921 231.16 (1) The authority may issue bonds to refund any outstanding bond of
22the authority or indebtedness that a participating health institution, participating
23educational institution, participating nonprofit institution, or participating
24research institution may have incurred for the construction or acquisition of a project
25prior to or after April 30, 1980, including the payment of any redemption premium

---

1on the outstanding bond or indebtedness and any interest accrued or to accrue to the
2earliest or any subsequent date of redemption, purchase, or maturity, or to pay all
3or any part of the cost of constructing and acquiring additions, improvements,
4extensions, or enlargements of a project or any portion of a project. Except for bonds
5to refund bonds issued under s. 231.03 (6) (g), no bonds may be issued under this
6section unless the authority has first entered into a new or amended agreement with
7a participating health institution, participating educational institution,
8participating nonprofit institution, or participating research institution to provide
9sufficient revenues to pay the costs and other items described in s. 231.13.

AB40,915,20 11231.20 Waiver of construction and bidding requirements. In exercising
12its powers under s. 101.12, the department of safety and professional services or any
13city, village, town, or county may, within its discretion for proper cause shown, waive
14any particular requirements relating to public buildings, structures, grounds,
15works, and improvements imposed by law upon projects under this chapter; the
16requirements of s. 101.13 may not be waived, however. If, however, the prospective
17lessee so requests in writing, the authority shall, through the participating health
18institution, participating educational institution, participating nonprofit
19institution, or participating research institution as its agent, call for construction
20bids in such manner as is determined by the authority with the approval of the lessee.

AB40,916,3 22231.23 Nonprofit institutions. It is intended that all nonprofit health
23institutions, educational institutions, and research institutions entities in this state
24be enabled to benefit from and participate in this chapter. To this end, all nonprofit
25health institutions, educational institutions, and research institutions entities

---

1operating, or authorized to be operated, under any law of this state may undertake
2projects and utilize the capital financing sources and methods of repayment provided
3by this chapter, the provisions of any other laws to the contrary notwithstanding.

AB40,916,65 238.133 (1) (c) "Petroleum product" has the meaning given in s. 101.143 292.63
6(1) (f).

AB40,916,98 238.133 (1) (e) "Underground petroleum product storage tank" has the
9meaning given in s. 101.143 292.63 (1) (i).

AB40,916,2014 238.16 (1) (c) 1. "Full-time Except as provided in subd. 2., "full-time job" means
15a regular, nonseasonal full-time position in which an individual, as a condition of
16employment, is required to work at least 2,080 hours per year, including paid leave
17and holidays, and for which the individual receives pay that is equal to at least 150
18percent of the federal minimum wage and benefits that are not required by federal
19or state law. "Full-time job" does not include initial training before an employment
20position begins.

AB40,916,2522 238.16 (1) (c) 2. The corporation may grant exceptions to the requirement
23under subd. 1. that a full-time job means a position in which an individual, as a
24condition of employment, is required to work at least 2,080 hours per year if all of the
25following apply:

AB40,917,2

---

1a. The annual pay for the position is more than the amount determined by
2multiplying 2,080 by 150 percent of the federal minimum wage.

AB40,917,53 b. An individual in the position is offered retirement, health, and other benefits
4that are equivalent to the retirement, health, and other benefits offered to an
5individual who is required to work at least 2,080 hours per year.

AB40,917,127 238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub.
8(2) may receive tax benefits under this section if, in each year for which the person
9claims tax benefits under this section, the person increases net employment in the
10person's business above the net employment in the person's business during the year
11before the person was certified under sub. (2), as determined by the corporation
12under its policies and procedures, and one of the following applies:

AB40,917,1714 238.16 (3) (a) In a tier I county or municipality, an eligible employee for whom
15the person claims a tax credit will earn at least $20,000 the amount determined by
16multiplying 2,080 by 150 percent of the federal minimum wage in wages from the
17person in the year for which the credit is claimed.

AB40,917,2420 238.16 (4) (b) 1. (intro.) The corporation may award to a person certified under
21sub. (2) tax benefits for each eligible employee in an amount equal to up to 10 percent
22of the wages paid by the person to that employee or $10,000, whichever is less, if that
23employee earned wages in the year for which the tax benefit is claimed equal to one
24of the following:

AB40,918,2

---

1238.16 (4) (b) 1. a. In a tier I county or municipality, at least $20,000 the amount
2determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB40,918,64 238.16 (5) (f) (intro.) The corporation shall adopt rules policies and procedures
5for the implementation and operation of this section, including rules policies and
6procedures relating to the following:

AB40,918,98 238.16 (5) (f) 5. Determining a change in net employment in a person's
9business.