Section 234.18 - Limit on amount of outstanding bonds and notes(1) The authority may not issue notes and bonds that are secured by a capital reserve fund to which s. 234.15 (4) applies if, upon issuance, the total aggregate outstanding principal amount of notes and bonds that are secured by a capital reserve fund to which s. 234.15 (4) applies would exceed $600,000,000. This section does not apply to bonds and notes issued to refund outstanding notes and bonds.(2) On July 5, 2019, the amount specified in sub. (1) is increased by $200,000,000.(3) On July 7, 2023, the amount specified in sub. (1), including the increase specified in sub. (2), is increased by $200,000,000.Amended by Acts 2023 ch, 19,s 432, eff. 7/7/2023.Amended by Acts 2019 ch, 9,s 1859c, eff. 7/5/2019.Amended by Acts 2019 ch, 9,s 1859b, eff. 7/5/2019.1971 c. 287; 1975 c. 200; 1977 c. 108, 317; 1979 c. 18; 1981 c. 349; 1983 a. 36 s. 96 (4); 1985 a. 29; 1987 a. 69; 1991 a. 39; 1995 a. 27 s. 9116 (5); 1997 a. 27; 2005 a. 75.