Assembly Bill 63 proposes several amendments to the laws governing the Wisconsin Health and Educational Facilities Authority (WHEFA). Notably, the bill allows WHEFA to issue bonds not only for specific projects but also to finance the working capital of nonprofit institutions to cover their operating costs. Additionally, it modifies the criteria for financing out-of-state projects, permitting WHEFA to do so if the owner or operator, or an affiliate, has a presence in Wisconsin, rather than requiring a substantial component of the project to be located within the state.

The bill also addresses compensation for WHEFA's executive director and employees. It raises the maximum salary for the executive director from executive salary group six to group eight, and for other employees, it increases the maximum from group three to group five. These changes aim to enhance WHEFA's ability to attract and retain qualified personnel while expanding its financial capabilities to support nonprofit institutions effectively.

Statutes affected:
Bill Text: 231.02(2), 231.02, 231.03(13), 231.03, 231.08(8), 231.08