18.725 Limit on amount of operating notes. The building commission may not sell operating notes under s. 18.73 (2) at any time if the amount of operating notes to be sold at that time plus the amount of operating notes outstanding at that time exceed 10 percent of the amounts shown in the schedule under s. 20.005 (3) of appropriations of general purpose revenues, as defined in s. 20.001 (2) (a), plus the amounts shown in the schedule of appropriations of program revenues, as defined in s. 20.001 (2) (b), both calculated as of that time and for that fiscal year.
History: 1985 a. 29.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 18 - State debt, revenue obligations and operating notes.
18.04 - Purposes of public debt and amounts.
18.05 - Limitations on aggregate public debt.
18.07 - Form and content of evidence of indebtedness.
18.08 - Capital improvement fund.
18.09 - Bond security and redemption fund.
18.10 - Other fiscal and administrative regulations.
18.13 - Suits against the state.
18.15 - Diversion of funds, liability of officers for.
18.51 - Provisions applicable.
18.53 - Purposes of revenue obligations and amounts.
18.54 - Limitations on revenue obligations.
18.561 - Enterprise obligations.
18.562 - Special fund obligations.
18.57 - Funds established for revenue obligations.
18.58 - Other fiscal and administrative regulations.
18.59 - Bond anticipation notes.
18.60 - Refunding obligations.
18.61 - Undertakings of state.
18.62 - Revenue obligations as legal investments.
18.63 - Validation of revenue obligations.
18.70 - Provisions applicable.
18.72 - Purposes of operating notes.
18.725 - Limit on amount of operating notes.
18.74 - Application of operating note proceeds.
18.75 - Operating note redemption fund.
18.76 - Suits against the state.
18.84 - Schools as bond trustees or fiscal agents; contracts.