199.16 Expenses. All expenses of the corporation incurred in carrying out this chapter shall be payable solely from the funding as provided under this chapter, and no liability may be incurred by the corporation beyond the extent to which moneys have been provided under this chapter except that, for the purposes of meeting the necessary expenses of initial organization and operation of the corporation for the period commencing on November 29, 1979 and continuing until the first election of the board of directors under s. 199.12, the corporation may borrow such moneys as it requires. Such moneys borrowed by the corporation shall subsequently be repaid with appropriate interest over a reasonable period of time.
History: 1979 c. 72.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 199 - Citizens utility board.
199.04 - Citizens utility board: formation and membership.
199.074 - Director statement of financial interest.
199.075 - Executive director; qualifications; method of hire.
199.08 - Annual membership meeting.
199.09 - Conduct of procedure.
199.11 - Appointment of interim directors.
199.12 - Election of directors.
199.14 - Corrupt practices and conflicts of interest.