Wisconsin Statutes 229.852 – Pledge of revenues
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A district may pledge the revenues derived, or to be derived, from any cultural arts facility for any of the following purposes:
Terms Used In Wisconsin Statutes 229.852
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(1) The payment of administrative costs and expenses of the district.
(2) The payment of the principal of, the premium on, if any, and the interest on outstanding bonds and other debt of the district.
(3) The creation and maintenance of a special fund or reserves with respect to bonds issued by the district.