Chapter 114, AERONAUTICS AND ASTRONAUTICS
60 sections in this chapter.
Wis. Stat. § 114.69 Liability limited
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114.69 Liability limited. (1) Neither the state nor any political subdivision of the state nor any officer, employee, or agent of the state or of a political subdivision who is acting within the scope of employment or agency is liable for any debt, obligation, act, or omission of…
Wis. Stat. § 114.70 Issuance of bonds
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114.70 Issuance of bonds. (1) The authority may issue bonds for any corporate purpose. All bonds are negotiable for all purposes, notwithstanding their payment from a limited source. (2) The bonds of each issue shall be payable from sources specified in the bond resolution under …
Wis. Stat. § 114.71 Bond security
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114.71 Bond security. The authority may secure any bonds issued under this chapter by a trust agreement, trust indenture, indenture of mortgage, or deed of trust by and between the authority and one or more corporate trustees. The bond resolution providing for the issuance of bon…
Wis. Stat. § 114.72 Bonds not public debt
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114.72 Bonds not public debt. (1) The state is not liable on bonds of the authority and the bonds are not a debt of the state. Each bond of the authority shall contain a statement to this effect on the face of the bond. The issuance of bonds under this chapter does not, directly,…
Wis. Stat. § 114.73 State pledge
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114.73 State pledge. The state pledges to and agrees with the holders of bonds, and persons that enter into contracts with the authority under this chapter, that the state will not limit or alter the rights vested in the authority by this chapter before the authority has fully me…
Wis. Stat. § 114.74 Refunding bonds
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114.74 Refunding bonds. (1) The authority may issue bonds to fund or refund any outstanding bond, including the payment of any redemption premium on the outstanding bond and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase, or matur…
Wis. Stat. § 114.75 Limit on amount of outstanding bonds
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114.75 Limit on amount of outstanding bonds. The authority may not have outstanding at any one time bonds in an aggregate principal amount exceeding $100,000,000, excluding bonds issued to refund outstanding bonds. History: 2005 a. 335.
Wis. Stat. § 114.76 Bonds exempt from taxation
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114.76 Bonds exempt from taxation. The state covenants with the purchasers and all subsequent holders and transferees of bonds issued by the authority, in consideration of the acceptance of any payment for the bonds, that its fees, charges, gifts, grants, revenues, receipts, and …
Wis. Stat. § 114.77 Funding of certain project costs
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114.77 Funding of certain project costs. (1) In this section, “spaceport improvement project” means any project to acquire, construct, develop, plan, design, establish, create, improve, enlarge, reconstruct, or equip any spaceport or spaceport facility. (2) The costs of spaceport…
Wis. Stat. § 114.78 Tax exemption
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114.78 Tax exemption. The exercise of the powers granted by this subchapter will be in all respects for the benefit of the people of this state and for the increase of their commerce, welfare, and prosperity, and, as the undertaking of the authority’s powers and duties under this…