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WI SB62
Bill
AI Summary
- WHEFA may now issue bonds to finance working capital for operating expenses of health, educational, research, and other nonprofit institutions, though these bonds are not exempt from state taxation
- Out-of-state projects can be financed if the project owner/operator or an affiliate has a presence in Wisconsin, replacing the previous 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
Failed to pass pursuant to Senate Joint Resolution 1
3/23/2026
Committee Referrals
Government Operations, Labor and Economic Development2/21/2025
Full Bill Text
No bill text available