Wisconsin § 120.115 - Report on debt service.
Full text of Wisconsin Wisconsin Statutes § 120.115 — Report on debt service., with citation guidance and answers to common questions.
§ 120.115. Report on debt service.
120.115(1) (1) 120.115(1)(a) (a) Within 10 days after adopting a resolution that authorizes the school board to incur debt or that authorizes the common council of a 1st class city to incur debt on behalf of the school district operating under ch. 119 , the school board shall notify the department of the scheduled date of the referendum and submit a copy of the resolution to the department. 120.115(1)(b) (b) Within 10 days after holding a referendum that would authorize the school district to incur debt or that would authorize the common council of a 1st class city to incur debt on behalf of the school district operating under ch. 119 , the school board shall notify the department of the approval or rejection of the referendum. 120.115(2) (2) 120.115(2)(a) (a) Within 10 days after adopting or revising a schedule for the payment of debt service, the school board shall submit the schedule to the department. 120.115(2)(b) (b) Within 10 days after adopting or revising a schedule for the payment of debt service on debt issued on behalf of the school district operating under ch. 119 , the common council of a 1st class city shall submit the schedule to the department. 120.115(3) (3) Monthly, the department shall submit to the department of administration and the legislative fiscal bureau a report that aggregates all debt service payment schedules submitted under sub. (2) . 120.115 History History: 1997 a. 27 , 237 .
Frequently Asked Questions About Wisconsin § 120.115
What does Wisconsin Statutes § 120.115 cover?
Section 120.115 ("Report on debt service.") 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 § 120.115?
A common citation format is "Wisconsin Statutes § 120.115" (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 § 120.115 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.