"(e) The corporation may not authorize the transfer of a tax credit under this 4
subsection if the person applying for authorization under par. (a) has not satisfied 5
any requirement that the corporation determines is a condition precedent to claim 6
the tax credit, unless the corporation waives or modifies that requirement under sub. 7
"2. If the corporation is unable to recover under subd. 1. the amount of a tax 11
credit that the corporation authorized to be transferred and that was transferred to 12
another person under this section, the corporation shall notify the department of
revenue that the tax credit has been revoked and may not be claimed, and the person 2
to whom the tax credit was transferred may not claim the credit and shall repay to 3
the corporation any amount of the credit the person has claimed.".
"(4m) Annual report.
Annually, the corporation shall submit a report to the 6
joint committee on finance that provides a detailed assessment of the progress to date 7
of the program under this section.".