68.001 – Legislative purpose.
68.001 Legislative purpose. The purpose of this chapter is to afford a constitutionally sufficient, fair and orderly administrative procedure and review in connection with determinations by municipal authorities which involve constitutionally protected rights of specific persons which are entitled to due process protection under the 14th amendment to the U.S. constitution. History: 1975 c. 295. […]
67.08 – Execution and negotiation.
67.08 Execution and negotiation. (1) Municipal obligations shall be executed in the name of and for the municipality issuing them by their qualified officers who shall, for that purpose, sign the same in their official capacities, as follows: for a county, the chairperson of the county board and the county clerk; for a city, the […]
67.09 – Registration of municipal obligations.
67.09 Registration of municipal obligations. (1) All municipal obligations may be payable to bearer or may be registered as to the principal or principal and interest by the clerk or treasurer of the municipality issuing them or such other officers or agents, including fiscal agents under s. 67.10 (2), as the governing body of the […]
67.10 – Fiscal and administrative regulations.
67.10 Fiscal and administrative regulations. (1) Money of the United States. All money received in payment of any tax levied under this chapter shall be lawful money of the United States; all municipal obligations shall be issued in exchange for lawful money of the United States or an obligation of the federal reserve bank or […]
67.101 – Debt amortization in 1st class cities.
67.101 Debt amortization in 1st class cities. (1) In this section “amortization fund” means the public debt amortization fund established under this section and “commission” means the public debt commission created under section 5 of chapter 87, laws of 1861. In every 1st class city, however incorporated and indebted on account of outstanding municipal bonds, […]
67.11 – Debt service fund.
67.11 Debt service fund. (1) Each municipality that issues municipal obligations under this chapter, except obligations issued under s. 67.12 (1), (8) and (8m), shall establish and maintain a debt service fund in accordance with generally accepted accounting principles. The fund may include a separate account for each outstanding municipal obligation issue. Revenues from the […]
67.12 – Temporary borrowing and borrowing on promissory notes.
67.12 Temporary borrowing and borrowing on promissory notes. (1) Borrowing in anticipation of revenues. (a) Except for school districts and technical college districts, any municipality that becomes entitled to receive federal or state aids, taxes levied or other deferred payments may, in the same fiscal year it is entitled to receive the payments, issue municipal […]
67.15 – Variable rate obligations.
67.15 Variable rate obligations. (1) In this section: (a) “Credit facility” means a standby or direct payment letter of credit, an insurance policy or other commitment to pay the principal of, or interest on, a municipal obligation. (b) “Liquidity facility” means a standby or direct payment letter of credit or other commitment to purchase, or […]
67.16 – General obligation-local improvement bonds.
67.16 General obligation-local improvement bonds. (1) In this section: (a) “Debt service fund” means the fund, however derived, set aside for the payment of principal and interest on bonds issued under this section. (b) “Governing body” means the body or board vested by statute with the power to levy special assessments for public improvement. (c) […]
67.17 – Diversion of funds, liability of officers for.
67.17 Diversion of funds, liability of officers for. Every public officer, and the sureties on the officer’s official bond, and every other person participating directly or indirectly in any impairment of a borrowed money fund or of a debt service fund of any municipality, shall be liable in an action brought by such municipality or […]