SB51: Bill Text

LRB-0889/2

MDK:jld:ph

2011 - 2012 LEGISLATURE

2011 Senate BILL 51

April 1, 2011 - Introduced by Senators Lassa, Hansen, Holperin, Vinehout, Jauch, S. Coggs, Taylor and Erpenbach, cosponsored by Representatives Kerkman, Fields, Barca, Clark, Sinicki and Shilling. Referred to Committee on Agriculture, Forestry, and Higher Education.

SB51,1,3 An Act to amend 20.285 (1) (cd) and 36.25 (52) (c) of the statutes; relating to: the Wisconsin Small Company Advancement grant program and making an appropriation.

Analysis by the Legislative Reference Bureau

Current law requires the Board of Regents (board) of the University of Wisconsin (UW) System to make grants to the WiSys Technology Foundation, Inc. (foundation), for the Wisconsin Small Company Advancement program (program) to provide intellectual property management services to UW-Extension and all institutions and college campuses, except for UW-Madison and UW-Milwaukee. The amount of each grant must be $250,000, but the board may make a grant only if the foundation secures matching funds from sources other than the state. Current law appropriates a sum sufficient not to exceed $2,000,000 dollars for the grants, as well as for certain administrative costs. This bill changes the appropriation to a sum certain appropriation, and appropriates $1,400,000 dollars in fiscal year 2011-12 and $1,400,000 in fiscal year 2012-13 for the grants and administrative costs.

For further information see the state 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:

SB51, s. 1 Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

SB51, s. 2 Section 2. 20.285 (1) (cd) of the statutes is amended to read:

SB51,2,6 20.285 (1) (cd) WiSys Technology Foundation grants. A sum sufficient not to exceed $2,000,000 The amounts in the schedule for grants to the WiSys Technology Foundation, Inc., under s. 36.25 (52) (b).

SB51, s. 3 Section 3. 36.25 (52) (c) of the statutes is amended to read:

SB51,2,12 36.25 (52) (c) The board shall submit progress reports at least annually on the use of grants under par. (b) to the joint committee on finance and the chief clerk of each house of the legislature for distribution to the appropriate standing committees under s. 13.172 (3), at least annually until the program funded by the grants under par. (b) is terminated.

SB51,2,13 (End)