Wisconsin § 18.56 - Revenue obligations.
Full text of Wisconsin Wisconsin Statutes § 18.56 — Revenue obligations., with citation guidance and answers to common questions.
§ 18.56. Revenue obligations.
The commission may authorize, for any of the purposes described in s. 18.53 (3) , the issuance of revenue obligations. The revenue obligations shall mature at any time not exceeding 50 years from the date thereof as the commission shall determine. The revenue obligations shall be payable only out of the redemption fund provided under s. 18.561 (5) or 18.562 (3) and each revenue obligation shall contain on its face a statement to that effect. A revenue obligation may contain a provision authorizing redemption, in whole or in part, at stipulated prices, at the option of the commission and shall provide the method of redeeming the revenue obligations. 18.56 History History: 1977 c. 29 ; 1979 c. 34 , 155 ; 1989 a. 31 , 46 ; 1999 a. 9 . 18.56 Annotation A federal provision subjecting interest on unregistered state and local bonds to federal income tax does not violate the 10th amendment or the intergovernmental tax immunity doctrine. South Carolina v. Baker, 485 U.S. 505 , 108 S. Ct. 1355 , 99 L. Ed. 2d 592 (1988).
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 18.56
What does Wisconsin Statutes § 18.56 cover?
Section 18.56 ("Revenue obligations.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 18.56?
A common citation format is "Wisconsin Statutes § 18.56" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 18.56 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.