Wisconsin § 234.40 Bonds for veterans housing loans and other veterans assistance programs.

Wisconsin Statutes

§ 234.40 — Bonds for veterans housing loans and other veterans assistance programs.

Wisconsin § 234.40

Ch. 234Wisconsin housing and economic development authority

Subch.subch. I of ch. 234 SUBCHAPTER I

GENERAL PROVISIONS; HOUSING AND ECONOMIC DEVELOPMENT PROGRAMS

This text of Wisconsin § 234.40 (Bonds for veterans housing loans and other veterans assistance programs.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 234.40 (2026).

Text

40
40(1) (1) The authority shall issue its negotiable bonds in such principal amount and length of maturity as to provide sufficient funds for veterans housing loans made pursuant to s. 45.37 , 2017 stats.
40(2) (2) Bonds issued under the authority of this section are payable out of revenues or moneys received from the repayment of veterans housing loans and related funds made available in ss. 234.42 and 234.43 . All assets and liabilities created through the issuance of bonds to purchase mortgage loans representing veterans housing loans are to be separate from all other assets and liabilities of the authority. No funds of the veterans housing loan program may be commingled with any other funds of the authority.
40(3) (3) It is the intent of the legislature that the author

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234.40
234.40(1) (1) The authority shall issue its negotiable bonds in such principal amount and length of maturity as to provide sufficient funds for veterans housing loans made pursuant to s. 45.37 , 2017 stats.
234.40(2) (2) Bonds issued under the authority of this section are payable out of revenues or moneys received from the repayment of veterans housing loans and related funds made available in ss. 234.42 and 234.43 . All assets and liabilities created through the issuance of bonds to purchase mortgage loans representing veterans housing loans are to be separate from all other assets and liabilities of the authority. No funds of the veterans housing loan program may be commingled with any other funds of the authority.
234.40(3) (3) It is the intent of the legislature that the authority be used to finance the veterans housing program.
234.40(4) (4) The limitations established in ss. 234.18 , 234.50 , 234.60 , 234.61 , and 234.65 are not applicable to bonds issued under the authority of this section. The authority may not have outstanding at any one time bonds for veterans housing loans in an aggregate principal amount exceeding $61,945,000, excluding bonds being issued to refund outstanding bonds.

Legislative History

234.40 History History: 1973 c. 208 , 333 ; 1975 c. 26 ; 1977 c. 418 ; 1979 c. 102 ; 1981 c. 349 s. 32 ; 1983 a. 27 s. 2202 (20) ; 1983 a. 81 s. 13 ; 1983 a. 83 s. 22 ; 1983 a. 192 ; 1985 a. 29 s. 3202 (28) ; 1985 a. 334 ; 1993 a. 437 ; 1997 a. 27 ; 2005 a. 22 , 75 , 487 ; 2007 a. 125 ; 2009 a. 2 ; 2019 a. 9 .