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WI AB63

Bill

Status

Engrossed

6/24/2025

Primary Sponsor

David Armstrong

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • WHEFA may now issue bonds to finance working capital for operating costs of participating health, educational, nonprofit, and research institutions; such bonds are not exempt from state taxation

  • Out-of-state projects may be financed if the project owner/operator or an affiliate has a presence in Wisconsin, replacing the prior requirement that the project include a substantial component located within the state

  • Executive director compensation cap increases from executive salary group 6 to executive salary group 8

  • All other WHEFA employee compensation caps increase from executive salary group 3 to executive salary group 5

Legislative Description

Financing the operating costs and certain out-of-state projects of nonprofit institutions and compensation of employees of the Wisconsin Health and Educational Facilities Authority. (FE)

Last Action

Available for scheduling

6/27/2025

Committee Referrals

Organization6/27/2025
Rules5/29/2025
State Affairs2/24/2025

Full Bill Text

No bill text available