2019 - 2020 LEGISLATURE
DOA:......Quinn, BB0176 - WEDC GPR Appropriation Modification
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Commerce and economic development
1. WEDC appropriation adjustments
This bill adjusts the calculation used to determine the amount of WEDC's general purpose revenue appropriation. The bill does not raise the cap on that appropriation, which is $16,512,500 per fiscal year.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
1. 20.192 (1) (a) of the statutes is amended to read:
20.192 (1) (a) Operations and programs. A sum sufficient in each fiscal year 2017-18 equal to the amount obtained by subtracting from $35,250,700 $41,550,700 an amount equal to the sum of the amounts expended in that fiscal year from the appropriations under pars. (r) and (s); and in fiscal year 2018-19 equal to the amount obtained by subtracting from $41,550,700 the sum of the amounts expended in that fiscal year from the appropriations under pars. (r) and (s);, for the operations of the Wisconsin Economic Development Corporation and for funding economic development programs developed and implemented under s. 238.03. No more than $16,512,500 may be expended from this appropriation in any fiscal year, and no moneys may be expended from this appropriation unless the balance of only if there are no unencumbered moneys available in the appropriation account under par. (r) is $0.