LRBa0438/1
CMH:nwn:jf
January 2011 Special Session
2011 - 2012 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE SUBSTITUTE AMENDMENT 1,
TO SENATE BILL 6
February 2, 2011 - Offered by Senators C. Larson, Taylor and Risser.
SB6-SSA1-SA1,1,4
3"
238.808 Online disclosure information. The board shall make readily
4accessible to the public on an Internet-based system the following information:
SB6-SSA1-SA1,1,6
5(1) Detailed descriptions of the intended public purpose of any subsidy and the
6expected results.
SB6-SSA1-SA1,1,8
7(2) Comprehensive progress reporting, including how far along recipients are
8relative to their goals.
SB6-SSA1-SA1,1,10
9(3) Municipality and industry in which the subsidy was awarded to ensure
10against undue favoritism.
SB6-SSA1-SA1,2,3
1(4) If job creation or retention is part of the purpose of the subsidy, reporting
2on jobs shall include reporting on job classification, salary, and full-time or
3part-time status.
SB6-SSA1-SA1,2,7
4238.809 Recapture provisions. (1) (a) All state and local contracts
5administered by the corporation shall contain a provision that would require a
6company to return a subsidy if the company does not comply with expectations, fails
7to fulfill the purpose of the subsidy, or moves subsidized equipment out of the state.
SB6-SSA1-SA1,2,88
(b) A subsidy may be prorated if, under par. (a), the noncompliance is partial.
SB6-SSA1-SA1,2,109
(c) The provision under par. (a) shall permit the corporation to charge interest
10on the subsidy to be returned.
SB6-SSA1-SA1,2,13
11(2) A company that must return any part of a subsidy under sub. (1) may not
12receive further incentives from the corporation for 5 years or until it returns the
13subsidy, whichever is earlier.
SB6-SSA1-SA1,2,16
14(3) All contracts must include clear criteria for what may allow a company not
15to comply with expectations or a company to fail to fulfill the purpose of the subsidy
16without penalty under sub. (1).".
