Wisconsin § 67.04 - Purposes of issuing municipal bonds and notes.

§ 67.04. Purposes of issuing municipal bonds and notes.

67.04(1) (1) In this section: 67.04(1)(a) (a) “Ancillary charges” include site preparation expenditures, professional fees, legal claims directly attributable to asset acquisition and interest costs incurred prior to and during construction. 67.04(1)(ag) (ag) “Operating expenses” include wages, salaries, fringe benefits, materials, supplies, contractual services, equipment with a useful life of less than one year and other costs specified by the department of revenue by rule. “Operating expenses” do not include ancillary charges incurred in the acquisition, development or construction of real property or property with a useful life of one year or more. 67.04(1)(ar) (ar) “Project” means the acquisition, leasing, planning, design, construction, development, extension, enlargement, renovation, rebuilding, repair or improvement of land, waters, property, highways, buildings, equipment or facilities. 67.04(1)(b) (b) “Public purpose” means the performance of any power or duty of the issuing municipality. 67.04(2) (2) 67.04(2)(a) (a) Subject to the limitations specified in ss.