Limit on amount of operating notes

Wis. Stat. § 18.725
in effect
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The building commission may not sell operating notes under s. 18.73 (2) at any time if the amount of operating notes to be sold at that time plus the amount of operating notes outstanding at that time exceed 10 percent of the amounts shown in the schedule under s. 20.005 (3) of appropriations of general purpose revenues, as defined in s. 20.001 (2) (a), plus the amounts shown in the schedule of appropriations of program revenues, as defined in s. 20.001 (2) (b), both calculated as of that time and for that fiscal year.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/18.725Fetched: 10/7/2026