Wis. Stat. § 150.27

An application for approval of an activity specified under s. 150.21 (1), (3), (4) or (5) shall state the applicant’s per diem capital rates, which are the maximum allowable reimbursement that may be granted by the department for the first 12 months following completion of the approved project. If the medical assistance facility payment formula under s. 49.45 (6m) generates per diem capital rates that are less than those stated in the application under review, the department shall use the lower rates.