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January 2011 Special Session
2011 - 2012 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 3,
TO ASSEMBLY BILL 11
February 22, 2011 - Offered by Representative Staskunas.
AB11-ASA3,1,4 1An Act to amend 20.866 (2) (xf) of the statutes; relating to: increasing the
2amount of public debt that may be contracted to refund any unpaid
3indebtedness used to finance tax-supported or self-amortizing facilities and
4granting bonding authority.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB11-ASA3, s. 1 5Section 1. 20.866 (2) (xf) of the statutes is amended to read:
AB11-ASA3,2,56 20.866 (2) (xf) Building commission; refunding tax-supported and
7self-amortizing general obligation debt
incurred before July 1, 2011. From the
8capital improvement fund, a sum sufficient to refund the whole or any part of any
9unpaid indebtedness used to finance tax-supported or self-amortizing facilities.
10The state may contract public debt in an amount not to exceed $309,000,000
11$474,000,000 for this purpose. Such indebtedness shall be construed to include any

1premium and interest payable with respect thereto. Debt incurred by this paragraph
2shall be incurred before July 1, 2011, and shall be repaid under the appropriations
3providing for the retirement of public debt incurred for tax-supported and
4self-amortizing facilities in proportional amounts to the purposes for which the debt
5was refinanced.
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