Wisconsin § 67.03 - Grant of power to borrow; general limitations of indebtedness.
Full text of Wisconsin Wisconsin Statutes § 67.03 — Grant of power to borrow; general limitations of indebtedness., with citation guidance and answers to common questions.
§ 67.03. Grant of power to borrow; general limitations of indebtedness.
67.03(1) (1) 67.03(1)(a) (a) Except as provided in s. 67.01 (9) , municipalities may borrow money and issue municipal obligations therefor only for the purposes and by the procedure specified in this chapter. The aggregate amount of indebtedness, including existing indebtedness, of any municipality shall not exceed 5 percent of the value of the taxable property located in the municipality as equalized for state purposes except that the aggregate amount of indebtedness of any school district that offers no less than grades 1 to 12 and that at the time of incurring the debt is eligible to receive state aid under s.
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 67.03
What does Wisconsin Statutes § 67.03 cover?
Section 67.03 ("Grant of power to borrow; general limitations of indebtedness.") 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 § 67.03?
A common citation format is "Wisconsin Statutes § 67.03" (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 § 67.03 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.