2019 - 2020 LEGISLATURE
DOA:......Rice, BB0226 - Limit on total amount of WHEDA's tax-exempt bonds and notes
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...;
relating to: the budget.
Analysis by the Legislative Reference Bureau
1. Increased bonding authorization
This bill increases from $600,000,000 to $1,000,000,000 WHEDA's bonding limit for most of its programs, including housing programs for individuals and families of low or moderate income.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
1. 234.18 of the statutes is amended to read:
234.18 Limit on amount of outstanding bonds and notes. 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 $1,000,000,000. This section does not apply to bonds and notes issued to refund outstanding notes and bonds.