2003 WISCONSIN ACT 146
An Act to amend 233.27 of the statutes; relating to: increasing bonding authority for the University of Wisconsin Hospitals and Clinics Authority.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
146, s. s. 1
233.27 of the statutes is amended to read:
233.27 Limit on the amount of outstanding bonds. The authority may not issue bonds or incur indebtedness described under s. 233.03 (12) if, after the bonds are issued or the indebtedness is incurred, the aggregate principal amount of the authority's outstanding bonds, together with all indebtedness described under s. 233.03 (12) would exceed $175,000,000 $235,000,000. Bonds issued to fund or refund outstanding bonds, or indebtedness incurred to pay off or purchase outstanding indebtedness, is not included in calculating compliance with the $175,000,000 $235,000,000 limit.