231.15 Rights of bondholders. 231.17 Investment of funds. 231.18 Investment authorization. 231.20 Waiver of construction and bidding requirements. 231.21 Employees under social security. 231.215 Incorporator for purpose related to purchase or sale of right to payments. 231.22 Effect of chapter. 231.23 Nonprofit institutions. 231.24 Liberal construction. 231.26 Residential facility for the severely physically disabled. 231.27 Minority financial interests. 231.28 Minority business participation. 231.29 Disabled veteran-owned business financial interests. 231.35 Rural hospital loan guarantee. 231.36 Rural hospital loan fund. 231.01231.01 Definitions. In this chapter: 231.01(1m)(1m) “Affiliate” means an entity that controls, is controlled by, or is under common control with another entity. 231.01(1t)(1t) “Authority” means the Wisconsin Health and Educational Facilities Authority. 231.01(2)(2) “Bond resolution” means the resolution authorizing the issuance of, or providing terms and conditions related to, bonds issued under this chapter and includes, where appropriate, any trust agreement, trust indenture, indenture of mortgage or deed of trust providing terms and conditions for such bonds. 231.01(3)(3) “Bonds” means any bond, note or other obligation of the authority issued under this chapter, including any refunding bond. 231.01(4)(a)(a) “Cost” means the sum of all costs incurred by a participating health institution, participating educational institution, participating nonprofit institution, or participating research institution, as approved by the authority, as are reasonable and necessary to accomplish the project, exclusive of any private or federal, state, or local financial assistance received by the participating health institution, participating educational institution, participating nonprofit institution, or participating research institution for the payment of the project cost. 231.01(4)(b)(b) “Cost” includes, without limitation because of enumeration: 231.01(4)(b)1.1. The cost incurred by or on behalf of the participating health institution, participating educational institution, participating nonprofit institution, or participating research institution of all necessary developmental, planning, and feasibility studies, surveys, plans, and specifications, architectural, engineering, legal, or other special services, the cost of acquisition of land and any buildings and improvements on the land, site preparation, and development including demolition or removal of existing structures, construction, reconstruction, and equipment, including machinery, fixed equipment, and personal property. 231.01(4)(b)2.2. The reasonable cost of financing incurred by a participating health institution, participating educational institution, participating nonprofit institution, or participating research institution in the course of the development of the project to the occupancy date. 231.01(4)(b)3.3. Carrying charges during construction to the occupancy date. 231.01(4)(b)4.4. Interest on bonds issued to finance the project to a date 6 months subsequent to the estimated date of completion. 231.01(4)(b)6.6. The fees and charges imposed by the authority or by others. 231.01(4)(b)7.7. Necessary expenses incurred in connection with the initial occupancy of the project and the cost of other items the authority determines to be reasonable. 231.01(4)(b)8.8. A reserve for payment of the principal of and interest on the bonds. 231.01(4)(c)(c) All rents and other net revenues from the operation of the real property, improvements, or personal property on the project site by a participating health institution, participating educational institution, participating nonprofit institution, or participating research institution on and after the date on which the contract between a participating health institution, participating educational institution, participating nonprofit institution, or participating research institution and the authority was entered into, but prior to the occupancy date, shall reduce the sum of all costs in this subsection. 231.01(4m)(4m) “Educational facility” means a facility used for education by a private institution that is described in section 501 (c) (3) of the Internal Revenue Code, as defined in s. 71.22 (4), that is exempt from federal taxation under section 501 (a) of the Internal Revenue Code, and that satisfies any of the following: 231.01(4m)(a)(a) The institution is a postsecondary educational institution that is regionally accredited. 231.01(4m)(b)(b) The institution is a private elementary or secondary school that is accredited to the satisfaction of the authority. 231.01(4t)(4t) “Entity” means any person other than a natural person. 231.01(5)(a)(a) “Health facility” means a governmental facility or a facility described in section 501 (c) (3) of the Internal Revenue Code, as defined in s. 71.22 (4), that is exempt from federal taxation under section 501 (a) of the Internal Revenue Code, and which is one of the following: 231.01(5)(a)1.1. Any institution, place, building or agency required to be approved or licensed under either s. 50.02 or subch. II of ch. 50, and also means any such facility exempted from such approval or licensure when the secretary of health services attests that the exempted facility meets the statutory definition of a facility subject to approval or licensure. 231.01(5)(a)2.2. Any health service institution, place, building or agency not listed in subd. 1. and not subject to approval or licensure under state law which the secretary attests is subject to certification by the U.S. department of health and human services under the social security act, or which the secretary attests is subject to standard-setting by a recognized public or voluntary accrediting or standard-setting agency. 231.01(5)(a)3.3. Any institution, place, building or agency engaged solely in providing one or more supporting services to a health facility. 231.01(5)(a)4.4. Any institution, place, building or agency that provides medical services, nursing services or personal care services, as defined in s. 647.01 (6) to (8), in addition to maintenance services, as defined in s. 647.01 (5), to a person under a contract for the duration of the person’s life for a term of more than 12 months. 231.01(5)(a)5.5. Any institution, place, building or agency that is engaged in providing health education. 231.01(5)(a)6.6. The University of Wisconsin Hospitals and Clinics Authority. 231.01(5)(a)7.7. Any hospital, ambulatory surgical center, skilled nursing facility, community-based residential facility, assisted living facility, home health agency, hospice, rehabilitation facility, medical office or clinic, or other similar facility that is located outside of this state. 231.01(5)(b)(b) “Health facility” does not include any institution, place or building used or to be used primarily for sectarian instruction or study or as a place for devotional activities or religious worship. 231.01(5n)(5n) “Nonprofit entity” means an entity that is described in section 501 (c) (3) of the Internal Revenue Code and that is exempt from federal income tax under section 501 (a) of the Internal Revenue Code. 231.01(5p)(5p) “Nonprofit facility” means a facility that is owned or operated by a nonprofit entity. 231.01(5r)(5r) “Participating child care provider” means a child care provider, or an affiliate of a child care provider, that undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in this chapter. 231.01(5w)(5w) “Participating educational institution” means an entity authorized by state law to provide or operate an educational facility, or an affiliate of that entity, and that undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in this chapter. 231.01(6)(6) “Participating health institution” means an entity authorized by state law to provide or operate a health facility, or an affiliate of that entity, and that undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in this chapter. 231.01(6m)(6m) “Participating nonprofit institution” means a nonprofit entity, or an affiliate of a nonprofit entity, that undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in this chapter and is not any of the following: 231.01(6m)(a)(a) An entity authorized by state law to provide or operate an educational facility or an affiliate of an entity authorized by state law to provide or operate an educational facility. 231.01(6m)(b)(b) An entity authorized by state law to provide or operate a health facility or an affiliate of an entity authorized by state law to provide or operate a health facility. 231.01(6m)(c)(c) An entity authorized by state law to provide or operate a research facility or an affiliate of an entity authorized by state law to provide or operate a research facility. 231.01(6t)(6t) “Participating research institution” means an entity organized under the laws of this state that provides or operates a research facility, or an affiliate of that entity, and that undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in this chapter. 231.01(7)(a)1.1. A specific health facility, educational facility, nonprofit facility, or research facility work or improvement to be refinanced, acquired, constructed, enlarged, remodeled, renovated, improved, furnished, or equipped by the authority with funds provided in whole or in part under this chapter. 231.01(7)(a)2.2. One or more structures suitable for use as a research facility, nonprofit facility, health facility, laboratory, laundry, nurses’ or interns’ residence or other multi-unit housing facility for staff, employees, patients or relatives of patients admitted for treatment or care in a health facility, physician’s facility, administration building, nonprofit facility, research facility, maintenance, storage, or utility facility. 231.01(7)(a)4.4. Any structure useful for the operation of a health facility, educational facility, nonprofit facility, or research facility, including facilities or supporting service structures essential or convenient for the orderly conduct of the health facility, educational facility, nonprofit facility, or research facility. 231.01(7)(b)(b) “Project” includes site preparation, landscaping, machinery, equipment and furnishings and other similar items for the operation of a particular facility or structure but does not include such items as fuel, supplies or other items, the costs of which result in a current operating cost. 231.01(7)(c)(c) “Project” may include more than one project, and it may include any combination of projects undertaken jointly by any participating health institution, participating educational institution, participating nonprofit institution, or participating research institution with one or more other participating health institutions, participating educational institutions, participating nonprofit institutions, or participating research institutions. 231.01(7)(cg)(cg) “Project” includes any project located within or outside of this state. 231.01(7)(d)1.1. Any institution, place or building used or to be used primarily for sectarian instruction or study or as a place for devotional activities or religious worship. 231.01(7)(d)2.2. Any office or clinic of a person licensed under ch. 446, 447, 448, 449, or 455, or the substantially equivalent laws or rules of another state. 231.01(8)(8) “Property” means any real, personal or mixed property, or any interest therein, including, without limitation because of enumeration, any real estate, appurtenances, buildings, easements, equipment, furnishings, furniture, improvements, machinery, rights-of-way and structures, or any interest therein. 231.01(8c)(8c) “Research facility” means an institution, place, building, or agency that satisfies all of the following: 231.01(8c)(a)(a) Is owned by an entity that is described in section 501 (c) (3) of the Internal Revenue Code and that is exempt from federal income tax under section 501 (a) of the Internal Revenue Code. 231.01(8c)(b)(b) Is or will be used in whole or in part for basic research for the advancement of scientific, medical, or technological knowledge and that does not have a specific commercial objective. 231.01(9)(9) “Revenues” means, with respect to any project, the rents, fees, charges, and other income or profit derived therefrom and, with respect to any bonds issued under s. 231.03 (6) (g), tobacco settlement revenues identified in the bond resolution. 231.01(10)(10) “State health planning and development agency” means the department of health services, as designated under s. 250.04 (12). 231.02231.02 Creation and organization. 231.02(1)(1) There is created a public body politic and corporate to be known as the “Wisconsin Health and Educational Facilities Authority”. The authority shall consist of 7 members nominated by the governor, and with the advice and consent of the senate appointed for staggered 7-year terms. Members shall be residents of the state, and not more than 4 may be members of the same political party. The terms of the members of the authority expire on June 30, one in each succeeding year. Each member’s appointment remains in effect until a successor is appointed. Annually, the governor shall appoint one member as chairperson and the authority shall elect one member as vice chairperson. 231.02(2)(2) The authority shall appoint an executive director and associate executive director who shall not be members of the authority and who shall serve at the pleasure of the authority. They shall receive such compensation as the authority fixes, except that the compensation of the executive director shall not exceed the maximum of the salary range established under s. 20.923 (1) for positions assigned to executive salary group 6 and the compensation of each other employee of the authority shall not exceed the maximum of the salary range established under s. 20.923 (1) for positions assigned to executive salary group 3. The executive director or associate executive director or other person designated by resolution of the authority shall keep a record of the proceedings of the authority and shall be custodian of all books, documents, and papers filed with the authority, the minute book or journal of the authority, and its official seal. The executive director or associate executive director or other person may cause copies to be made of all minutes and other records and documents of the authority and may give certificates under the official seal of the authority to the effect that such copies are true copies, and all persons dealing with the authority may rely upon such certificates. 231.02(3)(3) Four members of the authority shall constitute a quorum. The affirmative vote of a majority of all the members of the authority shall be necessary for any action taken by the authority. A vacancy in the membership of the authority shall not impair the right of a quorum to exercise all the rights and perform all the duties of the authority. Each meeting of the authority shall be open to the public. Notice of meetings, or waivers thereof, shall be as provided in the bylaws of the authority. Resolutions of the authority need not be published or posted. The authority may delegate by resolution to one or more of its members or its executive director such powers and duties as it deems proper. 231.02(5)(5) The members of the authority shall receive no compensation for the performance of their duties as members, but each such member shall be reimbursed for the member’s actual and necessary expenses while engaged in the performance of the member’s duties. 231.02(6)(a)(a) Any member, officer, agent or employee of the authority who, directly or indirectly, has any financial interest in any bond issue or in any loan or any property to be included in, or any contract for property or materials to be furnished or used in connection with, any project of the authority, may be fined not less than $50 nor more than $1,000, or imprisoned not more than 30 days or both.
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statutes
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Chs. 231-234, Independent Authorities
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