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WI AB63
Bill
Status
6/24/2025
Primary Sponsor
David Armstrong
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AI Summary
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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
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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
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Executive director compensation cap increases from executive salary group 6 to executive salary group 8
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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