Wisconsin Statutes 18.71 – Definitions
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In this subchapter, unless the context requires otherwise:
Terms Used In Wisconsin Statutes 18.71
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1d) “Aggregate expected debt service and net exchange payments” means the sum of the following:
(a) The aggregate net payments expected to be made and received under a specified interest exchange agreement under s. 18.73 (5) (a).
(b) The aggregate debt service expected to be made on notes related to that agreement.
(c) The aggregate net payments expected to be made and received under all other interest exchange agreements under s. 18.73 (5) (a) relating to those notes that are in force at the time of executing the agreement.
(1m) “Commission” means the building commission.
(2) “Department” means the department of administration.
(3) “Evidence of operating note” means a written promise to pay an operating note.
(4) “Operating note” means every undertaking of the state to repay a certain amount of a financial obligation which is:
(a) Created for the purpose of funding operating deficits of the state as determined under s. 16.405 (1), which must be repaid not later than the last day of the fiscal year during which the operating note is issued;
(b) Payable from and secured solely by revenues pledged by the commission and the department pursuant to the authorizing resolution provided that all such pledged revenues must first be available for the payment of public debt; and
(5) “Public debt” or “debt” has the meaning given under s. 18.01 (4).