AB 724

This bill makes the following changes to laws governing the Wisconsin Health

and Educational Facilities Authority, which is a public body corporate and politic

created outside of official state government:

1. Under current law, WHEFA may issue bonds to finance certain projects of

health, educational, research, and other nonprofit institutions. The bill authorizes

WHEFA to issue bonds for the purpose of financing working capital of such

institutions to cover operating costs.

2. Current law authorizes WHEFA to help finance the costs of projects located

outside of Wisconsin provided that the project includes a substantial component

located within the state. The bill instead authorizes the financing of a project outside

the state if the owner or operator of the project, or an affiliate of the owner or operator,

has a presence within the state.

3. Under current law, WHEFA appoints an executive director to administer the

authority. The executive director's compensation may not exceed the maximum of

the salary range established for state government positions assigned to executive

salary group six. This bill increases that maximum assignment to executive salary

group eight.

4. Similarly, current law provides that all other WHEFA employees may not

receive compensation that exceeds the maximum of the salary range established for

state government positions assigned to executive salary group three. This bill

increases that maximum assignment to executive salary group five.