Wisconsin Statutes 18.01 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
In this subchapter unless a different meaning is expressly provided or the context clearly indicates a different meaning:
Terms Used In Wisconsin Statutes 18.01
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1e) “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. 18.06 (8) (a).
(b) The aggregate debt service expected to be made on bonds related to that agreement.
(c) The aggregate net payments expected to be made and received under all other interest exchange agreements under s. 18.06 (8) (a) relating to those bonds that are in force at the time of executing the agreement.
(1m) “Authorizing resolution” means any resolution adopted by the commission pursuant to this subchapter which authorizes the contracting of public debt.
(2) “Commission” means the building commission.
(3) “Evidence of indebtedness” means a bond, a note or any other written promise to pay a public debt.
(4) “Public debt” or “debt” means every voluntary, unconditional undertaking by the state, other than an operating note, to repay a sum certain:
(a) Out of the state treasury, except a loan or advance by any state agency or fund to any other state agency or fund; or
(b) For which any existing asset of the state is pledged, except the pledge of an outstanding evidence of indebtedness without recourse.