Types of small businesses that will be affected by the rules.
Any business choosing to pursue tax-exempt private activity bonds that are designed to finance certain depreciable capital projects in areas which are designated by the bond issuers as having significant poverty, unemployment, rate of home foreclosures, or general distress.
Reporting, bookkeeping and other procedures required for compliance with the rules.
An application form prescribed by the Department must be completed and submitted to the Department by any authority or local governmental unit, as defined in s.
66.1104 (1) (a) and
(b) of the Statutes, that desires to receive a reallocation of the bonding authority.
Types of professional skills necessary for compliance with the rules.
No new professional skills are necessary for compliance with the rules.
Rules have a significant economic impact on small businesses?
No
Small business regulatory coordinator
Any inquiries for the small business regulatory coordinator for the Department of Commerce can be directed to Sam Rockweiler, as listed above.
Fiscal Estimate
Assumptions used in arriving at fiscal estimate
The bond closing fee assessed under section
Comm 137.08 (2) (b) is estimated to annually average $5000 from each of 20 projects, for an annual total of $100,000.
The proposed rules are not expected to impose any significant costs on the private sector because the rules address submittal of documentation, and other activities, only by applicants that choose to participate in the tax-exempt private activity bonding addressed in the rules.
State fiscal effect
Increase existing revenues.
Local government fiscal effect
None.
Long-range fiscal implications
None known.
Agency Contact Person
Steven Sabatke
Wisconsin Department of Commerce
Bureau of Business Finance and Compliance
P.O. Box 7970, Madison, WI 53707-7970
Phone: (608) 267-0762
Notice of Hearing
Technical College System Board
NOTICE IS HEREBY GIVEN that pursuant to s.
38.41, Stats., the Wisconsin Technical College System Board will hold a public hearing to consider proposed rules amending Chapter
TCS 17, relating to training program grants. The Wisconsin Technical College System Board adopted a temporary emergency rule effective July 2, 2010 and is also proposing a permanent rule. The hearing will cover both the emergency rule and the proposed permanent rule.
Hearing Information
Date: September 28, 2010
Time: 1:30 to 3:30 p.m.
Location: Wisconsin Technical College System Office
4622 University Avenue
Room 149
Madison, WI 53705
It is the policy of the Wisconsin Technical College System (WTCS) Board to provide accommodations to persons with disabilities which may affect their ability to access or participate in WTCS activities. Persons may request assistance or reasonable accommodation for the scheduled public hearing by contacting Morna Foy at (608) 266-2449 or (608) 267-2483 (TTY) on or before September 20, 2010.
Submittal of Written Comments
Written comments should be submitted by 4:00 p.m. on
September 28, 2010 to Morna Foy at the Wisconsin Technical College System, 4622 University Avenue, PO Box 7874, in Madison, WI 53707-7874 or by email to
morna.foy@wtcsystem.edu with a subject line of TCS 17. Written comments will be given the same consideration as testimony presented at the hearing. People submitting comments will not receive individual responses.
Analysis Prepared by the Wisconsin Technical College System Board
Statutes interpreted
Statutory authority
Section
38.41, Wis. Stats.
Explanation of agency authority
Section
38.41 (4), Stats., authorizes the technical college system board to promulgate rules to implement and administer the awarding of grants to technical college district boards to provide skills training or other education related to the needs of business.
Related statute or rule
Plain language analysis
TCS 17 relates to training grants for technical college districts that provide skills training or other education related to the needs of business. A 25% match is required as a condition of the grant awards. The proposed amendment would eliminate the match requirement.
Comparison with federal regulations
Not applicable.
Comparison with rules in adjacent states
Not applicable.
Summary of factual data and analytical methodologies
Not applicable.
Small Business Impact
The proposed rules will have a positive effect — without the 25% match requirement, small businesses may be better able to take advantage of the training or education funding opportunities provided by this grant. Small businesses may access training or education through the training program grants, but there is no mandated participation in the program.
Fiscal Estimate
The functions required by these rules can be absorbed within existing staff. Therefore, there is no fiscal effect on the agency.
Text of Proposed Rule
SECTION 1. Section
TCS 17.06 is amended to read:
TCS 17.06 CONDITIONS OF THE GRANT AWARD. (1) District boards or employers receiving skills training or education under the grant shall contribute matching funds, other than in-kind matching funds, equal to at least 25% of total approved project costs.
(2) Grant award funds, including matching funds, may not be used for administration, marketing, or indirect costs.
(3) The board may establish limitations on the percentage of the grant award funds and matching funds that may be used to purchase or lease instructional materials, software, equipment or supply items and that may be used to fund staff development costs. Such limitations shall be specified in the grant guidelines approved by the board under TCS 17.03(2).
Agency Contact Person
Morna Foy, Executive Assistant
Wisconsin Technical College System
4622 University Avenue
P.O. Box 7874
Madison, WI 53707-7874
Phone: (608) 266-2449
