18.71 Definitions.

147 words·~1 min read·/wi/chapter-18/18-71

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

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

(1d)“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. 18.73

(a).

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

(c)The aggregate net payments expected to be made and received under all other interest exchange agreements under s. 18.73

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

(1m)“Commission” means the building commission.

(2)“Department” means the department of administration.

(3)“Evidence of operating note” means a written promise to pay an operating note.

(4)“Operating note” means every undertaking of the state to repay a certain amount of a financial obligation which is: