18.52 Definitions.

164 words·~1 min read·/wi/chapter-18/18-52

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

18.52 Definitions. In this subchapter, unless the context requires otherwise:

(1c)“Aggregate expected debt service and net exchange payments” means the sum of the following:

(a)The aggregate net payments expected to be made and received under a specified interest exchange agreement under s. 18.55

(a).

(b)The aggregate debt service expected to be made on obligations related to that agreement.

(c)The aggregate net payments expected to be made and received under all other interest exchange agreements under s. 18.55

(a)relating to those obligations that are in force at the time of executing the agreement.

(1e)“Ancillary payments” means payments for issuance costs and expenses, payments under contracts entered into under s. 18.55

(6), payments of accrued or funded interest, and payments of other costs and expenses of administering revenue obligations.

(1m)“Authorizing resolution” means any resolution adopted by the commission under this subchapter which authorizes the contracting of a revenue obligation.

(2)“Commission” means the building commission.