Feed for /2011/related/proposals/ab508 PDF
AB508,4,4
1231.01 (4) (b) 2. The reasonable cost of financing incurred by a participating
2health institution, participating educational institution, participating research
3institution, or participating child care provider nonprofit institution in the course of
4the development of the project to the occupancy date.
AB508, s. 7 5Section 7. 231.01 (4) (b) 5. of the statutes is amended to read:
AB508,4,86 231.01 (4) (b) 5. Working capital not exceeding 3% of the estimated total project
7cost or 3% of the actual total final cost, whichever is larger
the amounts permitted
8under 26 CFR 1.148-6 (d) (3)
.
AB508, s. 8 9Section 8. 231.01 (4) (c) of the statutes is amended to read:
AB508,4,1710 231.01 (4) (c) All rents and other net revenues from the operation of the real
11property, improvements, or personal property on the project site by a participating
12health institution, participating educational institution, participating research
13institution, or participating child care provider nonprofit institution on and after the
14date on which the contract between a participating health institution, participating
15educational institution, participating research institution, or participating child
16care provider
nonprofit institution and the authority was entered into, but prior to
17the occupancy date, shall reduce the sum of all costs in this subsection.
AB508, s. 9 18Section 9. 231.01 (5) (a) 7. of the statutes is created to read:
AB508,4,2219 231.01 (5) (a) 7. Any hospital, ambulatory surgical center, skilled nursing
20facility, community-based residential facility, assisted living facility, home health
21agency, hospice, rehabilitation facility, medical office or clinic, or other similar
22facility that is located outside of this state.
AB508, s. 10 23Section 10. 231.01 (5n) of the statutes is created to read:
AB508,5,3
1231.01 (5n) "Nonprofit entity" means an entity that is described in section 501
2(c) (3) of the Internal Revenue Code and that is exempt from federal income tax under
3section 501 (a) of the Internal Revenue Code.
AB508, s. 11 4Section 11. 231.01 (5p) of the statutes is created to read:
AB508,5,65 231.01 (5p) "Nonprofit facility" means a facility that is owned or operated by
6a nonprofit entity.
AB508, s. 12 7Section 12. 231.01 (5r) of the statutes, as affected by 2011 Wisconsin Act 32,
8is repealed.
AB508, s. 13 9Section 13. 231.01 (6m) of the statutes is created to read:
AB508,5,1410 231.01 (6m) "Participating nonprofit institution" means a nonprofit entity, or
11an affiliate of that entity, that undertakes the financing and construction or
12acquisition of a project or undertakes the refunding or refinancing of obligations or
13of a mortgage or of advances as provided in this chapter, and is not any of the
14following:
AB508,5,1715 1. An entity authorized by state law to provide or operate an educational facility
16or an affiliate of an entity authorized by state law to provide or operate an
17educational facility.
AB508,5,1918 2. An entity authorized by state law to provide or operate a health facility or
19an affiliate of an entity authorized by state law to provide or operate a health facility.
AB508,5,2220 3. An entity authorized by state law to provide or operate a research facility or
21an affiliate of an entity authorized by state law to provide or operate a research
22facility.
AB508, s. 14 23Section 14. 231.01 (7) (a) 1. of the statutes is amended to read:
AB508,6,224 231.01 (7) (a) 1. A specific health facility, educational facility, research facility,
25or child care center nonprofit facility work or improvement to be refinanced,

1acquired, constructed, enlarged, remodeled, renovated, improved, furnished, or
2equipped by the authority with funds provided in whole or in part under this chapter.
AB508, s. 15 3Section 15. 231.01 (7) (a) 2. of the statutes is amended to read:
AB508,6,94 231.01 (7) (a) 2. One or more structures suitable for use as a child care center,
5research facility, nonprofit facility, health facility, laboratory, laundry, nurses' or
6interns' residence or other multi-unit housing facility for staff, employees, patients
7or relatives of patients admitted for treatment or care in a health facility, physician's
8facility, administration building, research facility, maintenance, storage, or utility
9facility.
AB508, s. 16 10Section 16. 231.01 (7) (a) 4. of the statutes is amended to read:
AB508,6,1511 231.01 (7) (a) 4. Any structure useful for the operation of a health facility,
12educational facility, research facility, or child care center nonprofit facility, including
13facilities or supporting service structures essential or convenient for the orderly
14conduct of the health facility, educational facility, research facility, or child care
15center nonprofit facility.
AB508, s. 17 16Section 17. 231.01 (7) (c) of the statutes, as affected by 2011 Wisconsin Act 32,
17is amended to read:
AB508,6,2418 231.01 (7) (c) "Project" may include more than one project, and it may include
19any combination of projects undertaken jointly by any participating health
20institution, participating educational institution, participating research institution,
21or participating child care provider nonprofit institution with one or more other
22participating health institutions, participating educational institutions,
23participating research institutions, or participating child care providers nonprofit
24institutions
.
AB508, s. 18 25Section 18. 231.02 (6) (b) of the statutes is amended to read:
AB508,8,2
1231.02 (6) (b) Notwithstanding any other provision of law, it is not a conflict
2of interest or violation of this section or of any other law for a trustee, director, officer,
3or employee of a participating health institution, participating educational
4institution, participating research institution, or participating child care provider
5nonprofit institution or for a person having the required favorable reputation for
6skill, knowledge, and experience in state and municipal finance or for a person
7having the required favorable reputation for skill, knowledge, and experience in the
8field of health facility, educational facility, research facility, or child care center
9nonprofit facility
architecture to serve as a member of the authority; if in each case
10to which par. (a) is applicable, the trustee, director, officer, or employee of the
11participating health institution, participating educational institution, participating
12research institution, or participating child care provider nonprofit institution
13abstains from discussion, deliberation, action, and vote by the authority in specific
14respect to any undertaking pursuant to this chapter in which his or her participating
15health institution, participating educational institution, participating research
16institution, or participating child care provider nonprofit institution has an interest,
17or the person having the required favorable reputation for skill, knowledge, and
18experience in state and municipal finance abstains from discussion, deliberation,
19action, and vote by the authority in specific respect to any sale, purchase, or
20ownership of bonds of the authority in which any business of which such person is
21a participant, owner, officer, or employee has a past, current, or future interest, or
22such person having the required favorable reputation for skill, knowledge, and
23experience in the field of health facility, educational facility, research facility, or child
24care center
nonprofit facility architecture abstains from discussion, deliberation,
25action, and vote by the authority in specific respect to construction or acquisition of

1any project of the authority in which any business of which such person is a
2participant, owner, officer, or employee has a past, current, or future interest.
AB508, s. 19 3Section 19. 231.03 (5) of the statutes is amended to read:
AB508,8,204 231.03 (5) Determine the location and character of any project to be financed
5under this chapter, and construct, reconstruct, remodel, maintain, enlarge, alter, add
6to, repair, lease as lessee or lessor and regulate the same, enter into contracts for any
7such purpose, enter into contracts for the management and operation of a project or
8other health facilities, educational facilities, research facilities, or child care centers
9nonprofit facilities owned by the authority, and designate a participating health
10institution, participating educational institution, participating research institution,
11or participating child care provider nonprofit institution as its agent to determine the
12location and character of a project undertaken by the participating health
13institution, participating educational institution, participating research institution,
14or participating child care provider nonprofit institution under this chapter and as
15the agent of the authority, to construct, reconstruct, remodel, maintain, manage,
16enlarge, alter, add to, repair, operate, lease as lessee or lessor and regulate the same,
17and as the agent of the authority, to enter into contracts for any such purpose,
18including contracts for the management and operation of such project or other health
19facilities, educational facilities, research facilities, or child care centers nonprofit
20facilities
owned by the authority.
AB508, s. 20 21Section 20. 231.03 (6) (b) of the statutes, as affected by 2011 Wisconsin Act 32,
22is amended to read:
AB508,9,623 231.03 (6) (b) Refinance outstanding debt of any participating health
24institution if the department of health services certifies that refinancing will result
25in a reduction in the participating health institution's rates below the rates which

1would have otherwise prevailed, except that the authority may not refinance any
2office or clinic of a person licensed under ch. 446, 447, 448, 449 or 455, or the
3substantially equivalent laws or rules of another state, and except that this
4certification is not required for the refinancing for a participating health institution
5that operates a facility as defined under s. 49.45 (6m) (a) 3, or for a participating
6health institution that is located in another state
.
AB508, s. 21 7Section 21. 231.03 (6) (g) of the statutes is amended to read:
AB508,9,128 231.03 (6) (g) Finance a purchase, or make a loan, under sub. (20). Bonds
9issued under this paragraph shall be payable from, or secured by interests in, tobacco
10settlement revenues and such other property pledged under the bond resolution and,
11notwithstanding s. 231.08 (3), are not required to mature in 30 50 years or less from
12the date of issue.
AB508, s. 22 13Section 22. 231.03 (6) (j) of the statutes is created to read:
AB508,9,1514 231.03 (6) (j) Finance any project undertaken for a nonprofit facility by a
15participating nonprofit institution.
AB508, s. 23 16Section 23. 231.03 (6) (k) of the statutes is created to read:
AB508,9,1817 231.03 (6) (k) Refinance outstanding debt of any participating nonprofit
18institution.
AB508, s. 24 19Section 24. 231.03 (7) of the statutes is amended to read:
AB508,9,2420 231.03 (7) Fix and revise from time to time and charge and collect rates, rents,
21fees, and charges for the use of and for the services furnished or to be furnished by
22a project or other health facilities, educational facilities, research facilities, or child
23care centers
nonprofit facilities owned by the authority or any portion thereof,
24contract with any person in respect thereto and coordinate its policies and

1procedures, and cooperate with recognized health facility, educational facility,
2research facility, or child care center nonprofit facility rate setting mechanisms.
AB508, s. 25 3Section 25. 231.03 (8) of the statutes is amended to read:
AB508,10,184 231.03 (8) Adopt rules for the use of a project or other health facility,
5educational facility, research facility, or child care center nonprofit facility or any
6portion of the project or facility owned, financed, or refinanced in whole or in part by
7the authority, including any property used as security for a loan secured through,
8from, or with the assistance of the authority. The authority may designate a
9participating health institution, participating educational institution, participating
10research institution, or participating child care provider nonprofit institution as its
11agent to establish rules for the use of a project or other health facilities, educational
12facilities, research facilities, or child care centers nonprofit facilities undertaken for
13that participating health institution, participating educational institution,
14participating research institution, or participating child care provider nonprofit
15institution
. The rules shall ensure that a project, health facility, educational facility,
16research facility, child care center nonprofit facility, or property may not be used
17primarily for sectarian instruction or study or as a place for devotional activities or
18religious worship.
AB508, s. 26 19Section 26. 231.03 (11) of the statutes is amended to read:
AB508,11,720 231.03 (11) Establish or contract with others to carry out on its behalf a health
21facility, educational facility, research facility, nonprofit facility, or child care center
22project cost estimating service, and make this service available on all projects to
23provide expert cost estimates and guidance to the participating health institution,
24participating educational institution, participating research institution, or
25participating child care provider nonprofit institution and to the authority. To

1implement this service and, through it, to contribute to cost containment, the
2authority may require such reasonable reports and documents from health facility,
3educational facility, research facility, or child care center nonprofit facility projects
4as are required for this service and for the development of cost reports and
5guidelines. The authority shall appoint a technical committee on health facility,
6educational facility, research facility, or child care center nonprofit facility project
7costs and cost containment.
AB508, s. 27 8Section 27. 231.03 (13) of the statutes is amended to read:
AB508,11,229 231.03 (13) Make loans to any participating health institution, participating
10educational institution, participating research institution, or, before May 1, 2000,
11participating child care provider nonprofit institution for the cost of a project in
12accordance with an agreement between the authority and the participating health
13institution, participating educational institution, participating research institution,
14or participating child care provider nonprofit institution. The authority may secure
15the loan by a mortgage or other security arrangement on the health facility,
16educational facility, research facility, or child care center nonprofit facility granted
17by the participating health institution, participating educational institution,
18participating research institution, or participating child care provider nonprofit
19institution
to the authority. The loan may not exceed the total cost of the project as
20determined by the participating health institution, participating educational
21institution, participating research institution, or participating child care provider
22nonprofit institution and approved by the authority.
AB508, s. 28 23Section 28. 231.03 (14) of the statutes is amended to read:
AB508,12,824 231.03 (14) Make loans to a health facility, educational facility, research
25facility, or, before May 1, 2000, child care center nonprofit facility for which bonds

1may be issued under sub. (6) (b) or, (d) or under s. 231.03 (6) (f), 1999 stats., (i), or (k),
2to refinance the health facility's, educational facility's, research facility's, or child
3care center's
nonprofit facility's outstanding debt. The authority may secure the loan
4or bond by a mortgage or other security arrangement on the health facility,
5educational facility, research facility, or child care center nonprofit facility granted
6by the participating health institution, participating educational institution,
7participating research institution, or participating child care provider nonprofit
8institution
to the authority.
AB508, s. 29 9Section 29. 231.03 (15) of the statutes is amended to read:
AB508,12,1810 231.03 (15) Mortgage all or any portion of a project and other health facilities,
11educational facilities, research facilities, or child care centers nonprofit facilities and
12the site thereof, whether owned or thereafter acquired, for the benefit of the holders
13of bonds issued to finance the project, health facilities, educational facilities,
14research facilities, or child care centers nonprofit facilities or any portion thereof or
15issued to refund or refinance outstanding indebtedness of participating health
16institutions, participating educational institutions, participating research
17institutions, or child care providers participating nonprofit institutions as permitted
18by this chapter.
AB508, s. 30 19Section 30. 231.03 (16) of the statutes is amended to read:
AB508,13,1420 231.03 (16) Lease to a participating health institution, participating
21educational institution, participating research institution, or participating child
22care provider
nonprofit institution the project being financed or other health
23facilities, educational facilities, research facilities, or child care centers nonprofit
24facilities
conveyed to the authority in connection with such financing, upon such
25terms and conditions as the authority deems proper, and charge and collect rents

1therefor, and terminate any such lease upon the failure of the lessee to comply with
2any of the obligations thereof; and include in any such lease, if desired, provisions
3that the lessee thereof shall have options to renew the term of the lease for such
4periods and at such rent as the authority determines or to purchase all or any part
5of the health facilities, educational facilities, research facilities, or child care centers
6nonprofit facilities or that, upon payment of all of the indebtedness incurred by the
7authority for the financing of such project or health facilities, educational facilities,
8research facilities, or child care centers nonprofit facilities or for refunding
9outstanding indebtedness of a participating health institution, participating
10educational institution, participating research institution, or participating child
11care provider
nonprofit institution, the authority may convey all or any part of the
12project or such other health facilities, educational facilities, research facilities, or
13child care centers nonprofit facilities to the lessees thereof with or without
14consideration.
AB508, s. 31 15Section 31. 231.03 (17) of the statutes is amended to read:
AB508,13,1916 231.03 (17) Charge to and apportion among participating health institutions,
17participating educational institutions, participating research institutions, and
18participating child care providers nonprofit institutions its administrative costs and
19expenses incurred in the exercise of the powers and duties conferred by this chapter.
AB508, s. 32 20Section 32. 231.03 (18) of the statutes is amended to read:
AB508,14,221 231.03 (18) Make studies of needed health facilities, educational facilities,
22research facilities, and child care centers nonprofit facilities that could not sustain
23a loan were it made under this chapter and recommend remedial action to the
24legislature; and do the same with regard to any laws or rules that prevent health

1facilities, educational facilities, research facilities, and child care centers nonprofit
2facilities
from benefiting from this chapter.
AB508, s. 33 3Section 33. 231.03 (19) of the statutes is amended to read:
AB508,14,144 231.03 (19) Obtain, or aid in obtaining, from any department or agency of the
5United States or of this state or any private company, any insurance or guaranty
6concerning the payment or repayment of, interest or principal, or both, or any part
7thereof, on any loan, lease, or obligation or any instrument evidencing or securing
8the same, made or entered into under the provisions of this chapter; and
9notwithstanding any other provisions of this chapter, to enter into any agreement,
10contract, or other instrument with respect to that insurance or guaranty, to accept
11payment in the manner and form provided therein in the event of default by a
12participating health institution, participating educational institution, participating
13research institution, or participating child care provider nonprofit institution, and
14to assign the insurance or guaranty as security for the authority's bonds.
AB508, s. 34 15Section 34. 231.04 of the statutes is amended to read:
AB508,15,4 16231.04 Expenses. All expenses of the authority incurred in carrying out this
17chapter shall be payable solely from funds provided under the authority of this
18chapter, and no liability may be incurred by the authority beyond the extent to which
19moneys have been provided under this chapter except that, for the purposes of
20meeting the necessary expenses of initial organization and operation of the authority
21for the period commencing on June 19, 1974 and continuing until such date as the
22authority derives moneys from funds provided to it under the authority of this
23chapter, the authority may borrow such moneys as it requires to supplement the
24funds provided under s. 20.440. Such moneys borrowed by the authority shall
25subsequently be charged to and apportioned among participating health

1institutions, participating educational institutions, participating research
2institutions, and participating child care providers nonprofit institutions in an
3equitable manner, and repaid with appropriate interest over a reasonable period of
4time.
AB508, s. 35 5Section 35. 231.05 (1) of the statutes is amended to read:
AB508,15,126 231.05 (1) By means of this chapter, it is the intent of the legislature to provide
7assistance and alternative methods of financing to nonprofit health institutions to
8aid them in providing needed health services consistent with the state's health plan,
9to nonprofit educational institutions to aid them in providing needed educational
10services, to nonprofit research institutions to aid them in providing needed research
11facilities, and to nonprofit child care providers to aid them in providing needed child
12care
other needed services and facilities in this state.
AB508, s. 36 13Section 36. 231.06 of the statutes, as affected by 2011 Wisconsin Act 32, is
14amended to read:
AB508,15,25 15231.06 Property acquisition. The authority may acquire, directly or by and
16through a participating health institution, participating educational institution,
17participating research institution, or participating child care provider nonprofit
18institution
as its agent, by purchase or by gift or devise, such lands, structures,
19property, rights, rights-of-way, franchises, easements, and other interests in lands,
20including lands lying under water and riparian rights, as it deems necessary or
21convenient for the construction or operation of a project, upon such terms and at such
22prices as it considers reasonable and can be agreed upon between it and the owner
23thereof, and take title thereto in the name of the authority or in the name of a health
24facility, educational facility, research facility, or child care center nonprofit facility
25as its agent.
AB508, s. 37
1Section 37. 231.07 (1) (b) of the statutes is amended to read:
AB508,16,72 231.07 (1) (b) Convey to the participating health institution, participating
3educational institution, participating research institution, or participating child
4care provider
nonprofit institution the authority's interest in the project and in any
5other health facility, educational facility, research facility, or child care center
6nonprofit facility leased, mortgaged, or subject to a deed of trust or any other form
7of security arrangement to secure the bond.
AB508, s. 38 8Section 38. 231.07 (2) (a) of the statutes is amended to read:
AB508,16,159 231.07 (2) (a) The principal of and interest on any bond issued by the authority
10to finance a project or to refinance or refund outstanding indebtedness of one or more
11participating health institutions, participating educational institutions,
12participating research institutions, or participating child care providers nonprofit
13institutions
, including any refunding bonds issued to refund and refinance the bond,
14have been fully paid and the bonds retired or if the adequate provision has been made
15to pay fully and retire the bond; and
AB508, s. 39 16Section 39. 231.08 (3) of the statutes is amended to read:
AB508,17,717 231.08 (3) The bonds may be issued as serial bonds or as term bonds, or the
18authority may issue bonds of both types. The bonds shall be authorized by a bond
19resolution of the authority and shall bear such dates, mature at such times not
20exceeding 30 50 years from their respective dates of issue, bear interest at such rates,
21be payable at such times, be in such denominations, be in such form, either coupon
22or fully registered, carry such registration and conversion privileges, be executed in
23such manner, be payable in lawful money of the United States at such places, and
24be subject to such terms of redemption as the bond resolution provides. The bonds
25or notes shall be executed by the manual or facsimile signatures of such officers of

1the authority as the authority designates. Coupon bonds shall have attached thereto
2interest coupons bearing the facsimile signature of the treasurer of the authority or
3such other officer as the authority designates. The bonds or notes may be sold at
4public or private sale for such price and in such manner and from time to time as the
5authority determines. Pending preparation of the definitive bonds, the authority
6may issue interim receipts or certificates which shall be exchanged for the definitive
7bonds.
AB508, s. 40 8Section 40. 231.08 (5) of the statutes is amended to read:
AB508,17,169 231.08 (5) In addition to the other authorizations under this section, bonds of
10the authority may be secured by a pooling of leases whereby the authority may assign
11its rights, as lessor, and pledge rents under 2 or more leases of health facilities,
12educational facilities, research facilities, or child care centers nonprofit facilities
13with 2 or more participating health institutions, participating educational
14institutions, participating research institutions, or child care providers
15participating nonprofit institutions, as lessees respectively, upon such terms as may
16be provided for in bond resolutions of the authority.
AB508, s. 41 17Section 41. 231.10 (1) of the statutes is amended to read:
AB508,18,218 231.10 (1) The state is not liable on notes or bonds of the authority and the notes
19and bonds are not a debt of the state. All notes and bonds of the authority shall
20contain on the face thereof a statement to this effect. The issuance of bonds under
21this chapter shall not, directly or indirectly or contingently, obligate the state or any
22political subdivision thereof to levy any form of taxation therefor or to make any
23appropriation for their payment. Nothing in this section prevents the authority from
24pledging its full faith and credit or the full faith and credit of a health institution,

1educational institution, research institution, or child care provider nonprofit
2institution
to the payment of bonds authorized under this chapter.
AB508, s. 42 3Section 42. 231.12 of the statutes is amended to read:
AB508,18,22 4231.12 Studies and recommendations. It is the intent and purpose of this
5chapter that the exercise by the authority of the powers granted to it shall be in all
6respects for the benefit of the people of this state to assist them to provide needed
7health facilities, educational facilities, research facilities, and child care centers
8nonprofit facilities of the number, size, type, distribution, and operation that will
9assure admission and health care, education, research opportunities, or child care
10of high quality
other necessary services to all who need it. The authority shall
11identify and study all projects which are determined by health planning agencies to
12be needed, but which could not sustain a loan were such to be made to it under this
13chapter. The authority shall formulate and recommend to the legislature such
14amendments to this and other laws, and such other specific measures as grants, loan
15guarantees, interest subsidies, or other actions the state may provide which would
16render the construction and operation of needed health facilities, educational
17facilities, research facilities, and child care centers nonprofit facilities feasible and
18in the public interest. The authority also shall identify and study any laws or rules
19which it finds handicaps or bars a needed health facility, educational facility,
20research facility, or child care center nonprofit facility from participating in the
21benefits of this chapter, and recommend to the legislature such actions as will
22remedy such situation.
AB508, s. 43 23Section 43. 231.13 (1) (intro.) of the statutes is amended to read:
AB508,19,524 231.13 (1) (intro.) The authority shall collect rents for the use of, or other
25revenues relating to the financing of, each project. The authority shall contract with

1a participating health institution, participating educational institution,
2participating research institution, or participating child care provider nonprofit
3institution
for each issuance of bonds. The contract shall provide that the rents or
4other revenues payable by the health facility, educational facility, research facility,
5or child care center nonprofit facility shall be sufficient at all times to:
AB508, s. 44 6Section 44. 231.13 (2) of the statutes is amended to read:
AB508,19,227 231.13 (2) The authority shall pledge the revenues derived and to be derived
8from a project and other related health facilities, educational facilities, research
9facilities, or child care centers nonprofit facilities for the purposes specified in sub.
10(1), and additional bonds may be issued which may rank on a parity with other bonds
11relating to the project to the extent and on the terms and conditions provided in the
12bond resolution. Such pledge shall be valid and binding from the time when the
13pledge is made, the revenues so pledged by the authority shall immediately be
14subject to the lien of such pledge without any physical delivery thereof or further act
15and the lien of any such pledge shall be valid and binding as against all parties
16having claims of any kind in tort, contract, or otherwise against the authority,
17irrespective of whether such parties have notice thereof. Neither the bond resolution
18nor any financing statement, continuation statement, or other instrument by which
19a pledge is created or by which the authority's interest in revenues is assigned need
20be filed or recorded in any public records in order to perfect the lien thereof as against
213rd parties, except that a copy thereof shall be filed in the records of the authority
22and with the department of financial institutions.
AB508, s. 45 23Section 45. 231.16 (1) of the statutes is amended to read:
AB508,20,1324 231.16 (1) The authority may issue bonds to refund any outstanding bond of
25the authority or indebtedness that a participating health institution, participating

1educational institution, participating research institution, or participating child
2care provider
nonprofit institution may have incurred for the construction or
3acquisition of a project prior to or after April 30, 1980, including the payment of any
4redemption premium on the outstanding bond or indebtedness and any interest
5accrued or to accrue to the earliest or any subsequent date of redemption, purchase,
6or maturity, or to pay all or any part of the cost of constructing and acquiring
7additions, improvements, extensions, or enlargements of a project or any portion of
8a project. Except for bonds to refund bonds issued under s. 231.03 (6) (g), no bonds
9may be issued under this section unless the authority has first entered into a new
10or amended agreement with a participating health institution, participating
11educational institution, participating research institution, or participating child
12care provider
nonprofit institution to provide sufficient revenues to pay the costs and
13other items described in s. 231.13.
AB508, s. 46 14Section 46. 231.16 (3) of the statutes is amended to read:
AB508,20,2115 231.16 (3) All bonds issued under this section shall be subject to this chapter
16in the same manner and to the same extent as other bonds issued pursuant to this
17chapter, except that the limitations with respect to dates under s. 231.03 (6) (e) and
18(f), 1999 stats., and
under s. 231.03 (14) do not apply to bonds issued under this
19section, and the requirement under s. 231.08 (3) that the bonds mature in 30 50 years
20or less from their date of issue does not apply to bonds issued under this section to
21refund bonds issued under s. 231.03 (6) (g).
AB508, s. 47 22Section 47. 231.20 of the statutes, as affected by 2011 Wisconsin Act 32, is
23amended to read:
AB508,21,9 24231.20 Waiver of construction and bidding requirements. In exercising
25its powers under s. 101.12, the department of safety and professional services or any

1city, village, town, or county may, within its discretion for proper cause shown, waive
2any particular requirements relating to public buildings, structures, grounds,
3works, and improvements imposed by law upon projects under this chapter; the
4requirements of s. 101.13 may not be waived, however. If, however, the prospective
5lessee so requests in writing, the authority shall, through the participating health
6institution, participating educational institution, participating research institution,
7or participating child care provider nonprofit institution as its agent, call for
8construction bids in such manner as is determined by the authority with the approval
9of the lessee.
AB508, s. 48 10Section 48. 231.23 of the statutes is amended to read:
AB508,21,18 11231.23 Nonprofit institutions. It is intended that all nonprofit health
12institutions, educational institutions, research institutions, and child care providers

13entities in this state be enabled to benefit from and participate in this chapter. To
14this end, all nonprofit health institutions, educational institutions, research
15institutions, and child care providers
entities operating, or authorized to be
16operated, under any law of this state may undertake projects and utilize the capital
17financing sources and methods of repayment provided by this chapter, the provisions
18of any other laws to the contrary notwithstanding.
AB508,21,1919 (End)
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