Wisconsin Statutes
Wis. Stat. § 18.14 (2026)
Validation of debt
✓ current as of July 2026
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18.14(1)(1) Notwithstanding any defects, irregularities, lack of power or failure to comply with any statute or any act of the commission, all public debt contracted or attempted to be contracted after December 7, 1969 is declared to be valid and entitled to the pledge made by s. 18.12; all instruments given after December 7, 1969 to evidence such debt are declared to be binding, legal, valid, enforceable and incontestable in accordance with their terms; and all proceedings taken and certifications and determinations made after December 7, 1969 to authorize, issue, sell, execute, deliver or enter into such debt or such instruments are validated, ratified, approved and confirmed.
18.14(2)(2) A determination, legislative, judicial or administrative, for any reason, that the state may not spend the proceeds of contracted public debt, or that it has spent such proceeds for a purpose other than the stated purpose for which such public debt was contracted or for a purpose for which the state may not spend money, shall not affect the validity of such public debt nor the evidence of indebtedness therefor.
Notes of Decisions
Cited in 2
cases, 2018–2018 · leading case: Univ. of Wis. Oshkosh Found., Inc. v. Bd. of Regents of the Univ. of Wis. Sys. (In re Univ. of Wis. Oshkosh Found., Inc.), 586 B.R. 458 (Bankr. E.D. Wis. 2018).
Univ. of Wis. Oshkosh Found., Inc. v. Bd. of Regents of the Univ. of Wis. Sys. (In re Univ. of Wis. Oshkosh Found., Inc.), 586 B.R. 458 (Bankr. E.D. Wis. 2018). “Wis. Stat. § 18.14 . To qualify for the broad protection of § 18.”
Univ. of Wis. Oshkosh Found., Inc. v. Bd. of Regents of the Univ. of Wis. Sys. (In re Univ. of Wis. Oshkosh Found., Inc.), 592 B.R. 216 (Bankr. E.D. Wis. 2018). “As a result, the operating deficit obligation is not a public debt entitled to the protections of section 18.14. 2. The Rosendale Biodigester The Rosendale biodigester transaction was similar to the Witzel biodigester transaction, and the Court reaches the same conclusions as to…”
— Wis. Stat. § 18.14(1) — 1 case
Univ. of Wis. Oshkosh Found., Inc. v. Bd. of Regents of the Univ. of Wis. Sys. (In re Univ. of Wis. Oshkosh Found., Inc.), 592 B.R. 216 (Bankr. E.D. Wis. 2018). “As a result, the operating deficit obligation is not a public debt entitled to the protections of section 18.14. 2. The Rosendale Biodigester The Rosendale biodigester transaction was similar to the Witzel biodigester transaction, and the Court reaches the same conclusions as to…”
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