LRB-3442/1
PJK:jrd:km
1995 - 1996 LEGISLATURE
June 8, 1995 - Introduced by Representatives Ainsworth, Lorge, Ott, Albers,
Freese, Duff, Lehman, Hutchison, Green, Owens, Kreibich, Goetsch,
Silbaugh, Gunderson, Olsen, Klusman and Zukowski, by request of Governor
Tommy G. Thompson. Referred to Committee on Rural Affairs.
AB437,1,2
1An Act to amend 560.17 (1) (d) 2. and 560.17 (6m) of the statutes;
relating to:
2changes in the rural economic development program.
Analysis by the Legislative Reference Bureau
Under the department of development's rural economic development program
in current law, the rural economic development board (board) may award a grant or
loan to a business that has fewer than 25 employes and that is located in a rural
municipality, defined as a city, village or town that has a population of 4,000 or less
or that is located in a county with a population density of less than 150 persons per
square mile. The program has 2 parts. Under the first part, the recipient business
must use the grant or loan for start-up costs. Under the 2nd part, a business that
received a grant or loan under the first part of the program may receive a grant or
loan for working capital or fixed asset financing or both. Under both parts, the
recipient business may be required by the board to contribute a portion of the cost
of the project. The contribution may be in cash or in-kind services. The board
determines what in-kind services fulfill the requirement.
This bill changes the definition of rural municipality to include a city, village
or town that has a population of 10,000 or less. The bill also provides that if the board
requires a contribution from a recipient business, the board shall determine whether
the contribution may be in cash or in in-kind services.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB437, s. 1
3Section
1. 560.17 (1) (d) 2. of the statutes is amended to read:
AB437,2,1
1560.17
(1) (d) 2. A city, town or village with a population of
4,000 10,000 or less.
AB437, s. 2
2Section
2. 560.17 (6m) of the statutes is amended to read:
AB437,2,93
560.17
(6m) The board may require that in order to receive a grant or loan
4under this section a business contribute from a source other than the state a portion
5of the cost of the project for which the business is applying for a grant or loan.
The 6 If the board requires a contribution, the board shall determine whether the 7contribution may be in cash or in kind.
The If the board allows any portion of a
8contribution to be in kind, the board shall determine what services or materials may
9be used as in-kind contributions.
