Wisconsin Statutes & Annotations
Chapter 234 - Wisconsin housing and economic development authority.
234.08 - Notes and bonds; issuance; status.

234.08 Notes and bonds; issuance; status.
(1) The authority may issue its negotiable notes and bonds in such principal amount, as, in the opinion of the authority, is necessary to provide sufficient funds for achieving its corporate purposes, including the purchase of certain mortgages and securities and the making of secured loans for low- and moderate-income housing, for the rehabilitation of existing structures and for the construction of facilities appurtenant thereto as provided in this chapter; for the making of secured loans to assist eligible elderly homeowners in paying property taxes and special assessments; for the payment of interest on notes and bonds of the authority during construction; for the establishment of reserves to secure such notes and bonds; for the provision of moneys for the housing development fund in order to make temporary loans to sponsors of housing projects as provided in this chapter; and for all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers.
(2) The authority may issue renewal notes, issue bonds to pay notes and whenever it deems refunding expedient, refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and issue bonds partly to refund bonds then outstanding and partly for any other purpose. The refunding bonds shall be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded.
(3) Except as may otherwise be expressly provided by the authority, every issue of its notes or bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular receipts or revenues.
(4) All notes or bonds shall be negotiable investment securities under ch. 408.
(5) This section does not supersede or impair the power of the Wisconsin Economic Development Corporation to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.
(6) The authority may reimburse the Wisconsin Economic Development Corporation its operating costs to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.
(7) The authority may, by resolution before issuance, declare any issue of its bonds or notes to be subject to federal income taxation.
History: 1971 c. 287; 1981 c. 349; 1983 a. 81, 83; 1985 a. 29; 1993 a. 16; 1995 a. 27 s. 9116 (5); 2005 a. 487; 2009 a. 2; 2011 a. 32.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 234 - Wisconsin housing and economic development authority.

234.01 - Definitions.

234.02 - Wisconsin Housing and Economic Development Authority: creation; membership; appointment and tenure; meetings; officers.

234.03 - Powers of authority.

234.032 - Goals and accountability measures for economic development programs.

234.034 - Consistency with state housing strategy plan.

234.04 - Loans to eligible sponsors of housing projects and to or for persons and families of low and moderate income.

234.045 - Workforce housing rehabilitation loan program.

234.05 - Housing development fund; establishment; payments into fund.

234.06 - Use of moneys held in housing development fund; temporary loans; grants.

234.07 - Limited-profit entity; distributions.

234.08 - Notes and bonds; issuance; status.

234.09 - Same; authorization; terms.

234.10 - Same; resolution authorizing issuance, contents.

234.11 - Same; validity and effect of pledge.

234.12 - Same; personal liability of members of authority.

234.135 - Same; purchase; cancellation.

234.14 - Same; liability of state.

234.15 - Capital reserve funds.

234.16 - General reserve fund.

234.165 - Authority surplus fund.

234.17 - Repayment to general fund.

234.18 - Limit on amount of outstanding bonds and notes.

234.19 - Notes and bonds; pledge and agreement of state.

234.20 - Default; trustee.

234.21 - Trustee; additional powers.

234.22 - Venue.

234.23 - Notice before declaration that notes or bonds are due and payable.

234.24 - System of funds and accounts.

234.25 - Annual report.

234.255 - Economic development assistance coordination and reporting.

234.26 - Notes and bonds as legal investments.

234.265 - Records of the authority.

234.28 - Notes and bonds; exemption from taxation.

234.29 - Equality of occupancy and employment.

234.30 - Cooperation.

234.31 - Construction of chapter.

234.32 - Laws not applicable to authority.

234.35 - Minority financial interests.

234.36 - Disabled veteran-owned business financial interests.

234.40 - Bonds for veterans housing loans and other veterans assistance programs.

234.41 - Veterans housing loan fund; establishment and use.

234.42 - Veterans capital reserve fund.

234.43 - Veterans housing bond redemption fund.

234.44 - Validation of certain obligations and proceedings.

234.45 - Low-income housing tax credits.

234.49 - Housing rehabilitation.

234.50 - Bonds for housing rehabilitation loans; issuance; status.

234.51 - Housing rehabilitation loan program administration fund; establishment and use.

234.52 - Housing rehabilitation loan program loan-loss reserve fund; establishment and use.

234.53 - Housing rehabilitation loan fund.

234.54 - Housing rehabilitation loan program capital reserve fund.

234.55 - Housing rehabilitation loan program bond redemption fund.

234.59 - Homeownership mortgage loan program.

234.592 - Qualified subprime loan refinancing.

234.60 - Bonds for homeownership mortgage loans and qualified subprime loan refinancing.

234.605 - Homeowner eviction and lien protection program.

234.61 - Bonds for residential facilities for the elderly or chronically disabled.

234.621 - Property tax deferral loans; purpose.

234.622 - Definitions.

234.623 - Eligibility.

234.624 - Transfer of interest.

234.625 - Program operation.

234.626 - Loan funding.

234.65 - Economic development.

234.67 - Recycling loan guarantees.

234.75 - Public affairs network loan guarantee program.

234.83 - Small business development loan guarantee program.

234.84 - Job training loan guarantee program.

234.86 - Drinking water loan guarantee program.

234.88 - Emergency heating assistance loan guarantees.

234.90 - Agricultural production loan guarantees.

234.905 - Agricultural production disaster assistance loan guarantees.

234.907 - Agricultural development loan guarantee program.

234.91 - Farm assets reinvestment management loan guarantee program.

234.92 - Financial assistance; fees.

234.93 - Wisconsin development reserve fund.

234.932 - Wisconsin job training reserve fund.

234.933 - Wisconsin drinking water reserve fund.

234.94 - Definitions.

234.95 - Community development finance company.

234.96 - Community development project participation.

234.97 - Sale or purchase of stock or interest.

234.98 - Transferred assets.