AB228-ASA1,28 21Section 28. 20.866 (2) (ws) of the statutes is amended to read:
AB228-ASA1,13,222 20.866 (2) (ws) Administration; energy conservation projects; capital
23improvement fund.
From the capital improvement fund, a sum sufficient for the
24department of administration to provide funding to agencies, as defined in s. 16.70
25(1e)
16.97 (1m), for energy conservation construction projects at state facilities under

1the jurisdiction of the agencies pursuant to s. 16.847 (2). The state may contract
2public debt in an amount not exceeding $180,000,000 for this purpose.
AB228-ASA1,29 3Section 29. 20.867 (3) (kd) of the statutes is amended to read:
AB228-ASA1,13,134 20.867 (3) (kd) Energy conservation construction projects; principal repayment,
5interest and rebates.
All moneys received by the building commission from agencies,
6as defined in s. 16.70 (1e) 16.97 (1m), in payment of assessments under s. 16.847 (3),
7for the purpose of reimbursing s. 20.866 (1) (u) for the payment of principal and
8interest costs incurred in financing energy conservation construction projects at
9state facilities, to make the payments determined by the building commission under
10s. 13.488 (1) (m) that are attributable to the proceeds of obligations incurred in
11financing energy conservation construction projects at state facilities, and to make
12payments under an agreement or ancillary arrangement entered into under s. 18.06
13(8) (a).
AB228-ASA1,30 14Section 30. 238.02 (1) of the statutes is repealed and recreated to read:
AB228-ASA1,13,1715 238.02 (1) There is created an authority, which is a public body corporate and
16politic, to be known as the "Wisconsin Economic Development Corporation." The
17members of the board shall consist of all of the following:
AB228-ASA1,13,1818 (a) The governor.
AB228-ASA1,13,2219 (b) Six members nominated by the governor, and with the advice and consent
20of the senate appointed, to serve for 4-year terms. The governor shall nominate
21members from a slate of candidates prepared by the board under sub. (1d), and at
22least one of the nominees must be an expert in corporate ethics.
AB228-ASA1,13,2523 (c) Three members appointed by the speaker of the assembly, consisting of one
24majority and one minority party representative to the assembly, appointed as are the
25members of standing committees in the assembly.
AB228-ASA1,14,2
1(d) One person appointed by the speaker of the assembly who is employed in
2the private sector for a 4-year term.
AB228-ASA1,14,53 (e) Three members appointed by the senate majority leader, consisting of one
4majority and one minority party senator, appointed as are members of standing
5committees in the senate.
AB228-ASA1,14,76 (f) One person appointed by the senate majority leader who is employed in the
7private sector for a 4-year term.
AB228-ASA1,14,88 (g) The secretaries of administration and revenue, but as nonvoting members.
AB228-ASA1,31 9Section 31. 238.02 (1d) of the statutes is created to read:
AB228-ASA1,14,1510 238.02 (1d) The board shall prepare a list of candidates from which the
11governor shall nominate members of the board under sub. (1) (b). The board shall
12include on the list at least 2 candidates for each position. The board must select
13candidates who have financial management experience, municipal or regional
14economic development experience, or private sector business experience. The board
15shall also ensure that some of the candidates have expertise in corporate ethics.
AB228-ASA1,32 16Section 32. 238.02 (1f) of the statutes is created to read:
AB228-ASA1,14,2117 238.02 (1f) From its members, the board shall elect a chairperson. The board
18shall also elect one of its members, except the chairperson, to serve as a lead director
19for a 2-year term. The lead director shall provide guidance to the board, facilitate
20communication between the board and the corporation, and advise the chairperson
21of the board and the chief executive officer.
AB228-ASA1,33 22Section 33. 238.02 (1g) of the statutes is created to read:
AB228-ASA1,15,223 238.02 (1g) (a) The board shall elect a lead director to serve for a 2-year term.
24The lead director shall have significant corporate management experience and shall
25be one of the members of the board nominated by the governor or one of the members

1appointed by the speaker of the assembly or senate majority leader who is employed
2in the private sector.
AB228-ASA1,15,33 (b) The lead director shall do all of the following:
AB228-ASA1,15,44 1. Chair meetings of the board in the chairperson's absence.
AB228-ASA1,15,55 2. Chair the governance committee under sub. (1r).
AB228-ASA1,15,76 3. Serve as a liaison between the chairperson of the board and the other
7members of the board.
AB228-ASA1,15,98 4. Work with the chairperson to ensure an adequate committee structure for
9any committee the board establishes.
AB228-ASA1,15,1110 5. Carry out any other duties assigned to the lead director by the board or the
11governance committee.
AB228-ASA1,34 12Section 34. 238.02 (1r) of the statutes is created to read:
AB228-ASA1,15,1713 238.02 (1r) (a) The board shall establish a governance committee. The
14governance committee shall consist of the lead director and two other members who
15shall be elected by the board from the members of the board nominated by the
16governor or the members appointed by the speaker of the assembly and senate
17majority leader who are employed in the private sector, or both.
AB228-ASA1,15,1818 (b) The governance committee shall do all of the following:
AB228-ASA1,15,1919 1. Develop governance principles for the board's oversight of the corporation.
AB228-ASA1,15,2020 2. Oversee the board's operations.
AB228-ASA1,15,2121 3. Recommend membership for committees the board establishes.
AB228-ASA1,15,2322 4. Assist the chairperson and the board to identify qualified candidates to fill
23vacancies on the board.
AB228-ASA1,15,2524 5. Facilitate communication between the members of the board and the chief
25executive officer of the corporation.
AB228-ASA1,35
1Section 35. 238.02 (3) of the statutes is amended to read:
AB228-ASA1,16,92 238.02 (3) A chief executive officer shall be nominated by the governor, and
3with the advice and consent of the senate
appointed by the board, to serve at the
4pleasure of the governor board. The board may delegate to the chief executive officer
5any powers and duties the board considers proper, except any power to appoint or
6terminate the employment of any executive employee of the corporation or to develop
7or implement any internal policy without the board first approving the policy
. The
8chief executive officer shall receive such compensation as may be determined by the
9board.
AB228-ASA1,36 10Section 36. 238.02 (4) of the statutes is amended to read:
AB228-ASA1,16,1611 238.02 (4) All powers and duties assigned to the corporation under this chapter
12shall be exercised or carried out by the board, unless the board delegates the power
13or duty to an employee of the corporation. The board may not delegate to an employee
14of the corporation any power to appoint or terminate the employment of any
15executive employee of the corporation or to develop or implement any internal policy
16without the board first approving the policy.
AB228-ASA1,37 17Section 37. 238.02 (5) of the statutes is created to read:
AB228-ASA1,16,2118 238.02 (5) (a) The board shall establish a finance committee consisting of 5
19board members. The members of the finance committee shall elect a chairperson.
20No offers of grants, loans, or tax credits may be made to any business under this
21chapter without the approval of the finance committee.
AB228-ASA1,17,422 (b) The board shall establish an audit and compliance committee to audit the
23programs and finances of the corporation and to ensure that the corporation is in
24compliance with applicable state and federal law. The committee shall meet monthly
25and shall publish the minutes of its meetings. The committee shall report at each

1board meeting on the current compliance of the corporation with applicable state and
2federal law, the status of any contracts with businesses that are out of compliance
3with the contract, and what actions have been planned or taken to resolve the
4compliance issues.
AB228-ASA1,17,65 (c) The chairpersons of all committees established by the board shall prepare
6agendas for committee meetings.
AB228-ASA1,17,127 (d) If the board establishes or incorporates a foundation or other entity to solicit
8funds for economic development in this state, the board shall publish a list of all
9donors on an Internet Web site maintained by the corporation and shall include the
10list in the report under s. 238.07 (1). No person who contributes moneys to the
11foundation or other entity may participate in any economic development program
12under this chapter for 2 years from the date of the contribution.
AB228-ASA1,38 13Section 38. 238.03 (2) (c) of the statutes is amended to read:
AB228-ASA1,17,1814 238.03 (2) (c) Require that each recipient of a grant or, loan, or allocation of a
15tax benefit
under the program submit a report to the corporation. Each contract with
16a recipient of a grant or, loan, or allocation of a tax benefit under the program must
17specify the frequency and format of the report to be submitted to the corporation and
18the performance measures to be included in the report.
AB228-ASA1,39 19Section 39. 238.03 (2) (e) of the statutes is amended to read:
AB228-ASA1,17,2220 238.03 (2) (e) Annually and independently verify, from a sample of grants and,
21loans, and allocated tax benefits the accuracy of the information required to be
22reported under par. (c).
AB228-ASA1,40 23Section 40. 238.045 of the statutes is created to read:
AB228-ASA1,18,3 24238.045 Establishment of nonprofit organization. (1) Definition. In this
25section, "nonprofit organization" means a nonprofit corporation, as defined in s.

1181.0103 (17), and any organization described in section 501 (c) (3) of the Internal
2Revenue Code that is exempt from federal income tax under section 501 (a) of the
3Internal Revenue Code.
AB228-ASA1,18,5 4(2) Requirements. (a) The corporation may not establish a nonprofit
5organization except as provided in par. (b).
AB228-ASA1,18,96 (b) 1. The chief executive officer of the corporation shall submit any plan for the
7corporation to establish a nonprofit organization to the joint committee on finance.
8That plan shall describe in detail the corporation's proposal to establish the nonprofit
9organization.
AB228-ASA1,18,1710 2. If, within 14 working days after the date the joint committee on finance
11receives the plan under subd. 1., the cochairpersons of the committee do not notify
12the chief executive officer of the corporation that the committee has scheduled a
13meeting to review the plan, the corporation may implement the plan. If, within 14
14working days after the date the committee receives the plan, the cochairpersons of
15the committee notify the chief executive officer that the committee has scheduled a
16meeting to review the plan, the corporation may implement the plan only upon
17approval by the committee.
AB228-ASA1,41 18Section 41. 238.07 (2) (am) of the statutes is created to read:
AB228-ASA1,18,2019 238.07 (2) (am) Quantifiable performance measures directly related to the
20purpose of the program including, when applicable, all of the following information:
AB228-ASA1,18,2221 1. An accounting of the location, by municipality, of each job created or retained
22in the state in the previous fiscal year as a result of the program.
AB228-ASA1,18,2423 2. An accounting of the industry classification, by municipality, of each job
24created or retained in the state as a result of the program.
AB228-ASA1,42 25Section 42. 238.07 (2) (dm) of the statutes is created to read:
AB228-ASA1,19,3
1238.07 (2) (dm) The total amount of tax benefits that the corporation allocated,
2and the total amount of tax benefits that the corporation verified to the department
3of revenue, under the program.
AB228-ASA1,43 4Section 43. 238.07 (2) (fm) of the statutes is created to read:
AB228-ASA1,19,75 238.07 (2) (fm) An identification of each recipient of a tax benefit that was
6allocated by the corporation, and each recipient of a tax benefit that was verified by
7the corporation to the department of revenue, under the program.
AB228-ASA1,44 8Section 44. 238.07 (2) (gm) of the statutes is created to read:
AB228-ASA1,19,129 238.07 (2) (gm) The number of recipients of a grant, loan, or tax benefit under
10the program that satisfied the requirements under s. 238.03 (2) (c) and a list that
11identifies each recipient of a grant, loan, or tax benefit under the program that failed
12to satisfy those requirements.
AB228-ASA1,45 13Section 45. 250.20 (1) (k) of the statutes is amended to read:
AB228-ASA1,19,1414 250.20 (1) (k) "State agency" has the meaning given in s. 16.70 (1e) 16.97 (1m).
AB228-ASA1,46 15Section 46 . Nonstatutory provisions.
AB228-ASA1,19,1616 (1) Term limits and staggering of terms.
AB228-ASA1,19,2017 (a) The current members of the board of the Wisconsin Economic Development
18Corporation who are nominated by the governor under section 238.02 (1), 2011 stats.,
19shall no longer serve at the pleasure of the governor, but shall have terms expiring
20as follows:
AB228-ASA1,19,22 211. The terms of 2 members, as determined by the governor, shall expire on July
221, 2015.
AB228-ASA1,19,24 232. The terms of 2 members, as determined by the governor, shall expire on July
241, 2016.
AB228-ASA1,20,2
13. The terms of 2 members, as determined by the governor, shall expire on July
21, 2017.
AB228-ASA1,20,73 (b) The current member of the board of the Wisconsin Economic Development
4Corporation who is employed in the private sector and appointed by the speaker of
5the assembly under section 238.02 (1), 2011 stats., shall no longer serve at the
6pleasure of the speaker of the assembly but shall have a term expiring on July 1,
72014.
AB228-ASA1,20,118 (c) The current member of the board of the Wisconsin Economic Development
9Corporation who is employed in the private sector and appointed by the senate
10majority leader under section 238.02 (1), 2011 stats., shall no longer serve at the
11pleasure of the senate majority leader but shall have a term expiring on July 1, 2014.
Loading...
Loading...