560.797 (2) (b) 4. The number of full-time jobs that are likely to be created as a result of the project.
27,4528
Section 4528
. 560.797 (2) (b) 5. of the statutes is amended to read:
560.797 (2) (b) 5. The number of full-time jobs that are likely to be available to the target population as a result of the project.
27,4529
Section 4529
. 560.797 (3) (b) 6. of the statutes is amended to read:
560.797 (3) (b) 6. The estimated number of full-time jobs that will be created, retained or substantially upgraded as a result of the person's project in relation to the amount of tax benefits estimated for the person.
27,4530
Section 4530
. 560.797 (3) (b) 8. of the statutes is amended to read:
560.797 (3) (b) 8. The estimated number of full-time jobs that will be filled by members of the target population.
27,4531
Section 4531
. 560.797 (3) (b) 9. of the statutes is repealed.
27,4532
Section 4532
. 560.797 (4) (g) of the statutes is created to read:
560.797 (4) (g) The department annually shall verify information submitted to the department under s. 71.07 (2dx), 71.28 (1dx) or 71.47 (1dx).
27,4532b
Section 4532b. 560.80 (2) of the statutes is amended to read:
560.80 (2) “Development project" means the start-up of a business, or the expansion or acquisition of an existing business, that is or will be a minority business or the promotion of economic development and employment opportunities for minority group members or minority businesses.
27,4532c
Section 4532c. 560.80 (3m) of the statutes is created to read:
560.80 (3m) “Education and training project" means a business education and training program for minority group members and minority businesses that have received loans for working capital from an eligible recipient under s. 560.837 (1) (b).
27,4532g
Section 4532g. 560.80 (4) (a) of the statutes is renumbered 560.80 (4).
27,4532m
Section 4532m. 560.80 (4) (b) of the statutes is repealed.
27,4532p
Section 4532p. 560.80 (5) of the statutes is amended to read:
560.80 (5) “Eligible recipient" means a person who is eligible to receive a grant under s. 560.82 (5) or 560.837 or a grant or loan under s. 560.83 (5) or 560.835.
27,4532r
Section 4532r. 560.80 (5m) of the statutes is created to read:
560.80 (5m) “Finance project" means financial assistance to a minority group member or a minority business described in s. 560.837.
27,4533
Section 4533
. 560.80 (6) of the statutes is amended to read:
560.80 (6) “Job" means a regular, nonseasonal full-time position providing full-time equivalent employment for one individual for one year, beginning after a project is completed in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays. “Job" does not include initial training before an employment position begins.
27,4533c
Section 4533c. 560.80 (7) (b) 1. of the statutes is amended to read:
560.80 (7) (b) 1. Operates primarily within specific geographic boundaries.
27,4533d
Section 4533d. 560.80 (7) (b) 2. of the statutes is amended to read:
560.80 (7) (b) 2. Promotes the economic development and employment opportunities for minority group members or minority businesses within the specific geographic area.
27,4533e
Section 4533e. 560.80 (7) (b) 3. of the statutes is amended to read:
560.80 (7) (b) 3. Demonstrates a commitment to
and or experience in promoting economic development with and employment opportunities for minority group members or minority businesses.
27,4534
Section 4534
. 560.80 (11) of the statutes is amended to read:
560.80 (11) “Project" means a development project, a recycling development project or, an early planning project, a finance project, an education and training project or a revolving fund project.
27,4534m
Section 4534m. 560.81 (4) of the statutes is created to read:
560.81 (4) The board awards a grant to the eligible recipient under s. 560.837.
27,4535
Section 4535
. 560.82 (4) (a) (intro.) of the statutes is amended to read:
560.82 (4) (a) (intro.) Award in a fiscal biennium, for grants under sub. (1), more than 10% 25% of the total of all of the following:
27,4536
Section 4536
. 560.83 (title) of the statutes is amended to read:
560.83 (title) Minority business development and revolving fund grants and loans.
27,4537
Section 4537
. 560.83 (2) (a) of the statutes is renumbered 560.83 (2) (a) (intro.) and amended to read:
560.83 (2) (a) (intro.) The local development corporation agrees to use the proceeds of grants or loans under this section to for any of the following:
1. To make grants or loans not exceeding $50,000 each to eligible recipients to fund eligible project development project costs.
27,4538
Section 4538
. 560.83 (2) (a) 2. of the statutes is created to read:
560.83 (2) (a) 2. To create, expand or continue a revolving fund program that is operated by the local development corporation and that benefits or will benefit minority businesses or minority group members who are residents of this state.
27,4539
Section 4539
. 560.83 (2) (b) of the statutes is repealed and recreated to read:
560.83 (2) (b) The local development corporation agrees to use factors similar to those described in s. 560.84 (1) (a) to (k) and (2) (a) to (f) when making grants or loans under par. (a) 1. or under a revolving fund program under par. (a) 2.
27,4540
Section 4540
. 560.83 (3) of the statutes is amended to read:
560.83 (3) The board may not award a grant or loan under sub. (1) or (2) unless the eligible recipient or the local development corporation submits an application, or other materials, in a form specified by the department by rule.
27,4541
Section 4541
. 560.83 (4) of the statutes is renumbered 560.83 (4) (a) and amended to read:
560.83 (4) (a) In any fiscal biennium, the board
or local development corporation may not award, to any one eligible recipient or for any one development project, grants or loans under sub. (1) or (2) that total more than $100,000 in a fiscal biennium.
27,4542
Section 4542
. 560.83 (4) (b) of the statutes is created to read:
560.83 (4) (b) In any fiscal year, the board may not award to any one local development corporation grants or loans under sub. (2) that total more than $200,000.
27,4543p
Section 4543p. 560.837 of the statutes is created to read:
560.837 Minority business development finance and education and training grants. (1) Subject to s. 560.84, the board may award a grant under this subsection to a nonprofit organization or private financial institution, as defined in s. 234.01 (5k), whether or not for profit, to fund a finance project if all of the following apply:
(a) The financial institution or nonprofit organization uses the grant proceeds for any of the following purposes:
1. To make loans for working capital to minority group members and minority businesses.
2. To pay origination fees or other administrative costs associated with making loans for working capital to minority group members and minority businesses.
(b) The loans for working capital under par. (a) 1. do not exceed $5,000.
(2) Subject to s. 560.84, the board may award a grant under this subsection to a nonprofit organization that is a minority business to fund an education and training project.
27,4544
Section 4544
. 560.84 (1) (intro.) of the statutes is amended to read:
560.84 (1) (intro.) The department or board may not award a grant or loan for a project under this subchapter unless, after considering the application or other material submitted by the eligible recipient or local development corporation, the department or board determines all of the following:
27,4545
Section 4545
. 560.84 (1) (e) (intro.) of the statutes is amended to read:
560.84 (1) (e) (intro.) That the eligible recipient
or local development corporation receiving the grant or loan will contribute, from a source or sources other than the state, whichever of the following applies:
27,4546
Section 4546
. 560.84 (1) (e) 3. of the statutes is created to read:
560.84 (1) (e) 3. For a grant or loan funding a revolving fund project, a cash contribution of not less than 50% of the cost of the project.
27,4546c
Section 4546c. 560.84 (1) (f) of the statutes is amended to read:
560.84 (1) (f) That the project meets all criteria set forth in s. 560.82, 560.83 or, 560.835 or 560.837, whichever is appropriate.
27,4546e
Section 4546e. 560.84 (1) (im) of the statutes is created to read:
560.84 (1) (im) If a development project, that the project has the potential to promote economic development and employment opportunities for minority group members or minority businesses.
27,4546f
Section 4546f. 560.84 (1) (j) of the statutes is amended to read:
560.84 (1) (j) If a development project or, recycling development project, finance project or education and training project, that funds from the grant or loan will not be used to refinance existing debt.
27,4547
Section 4547
. 560.84 (2) (intro.) of the statutes is amended to read:
560.84 (2) (intro.) The board or department shall consider all of the following before awarding a grant or loan to an eligible recipient or local development corporation for a project:
27,4547m
Section 4547m. 560.85 (3) (b) of the statutes is amended to read:
560.85 (3) (b) Develop procedures, with the approval of the board, to evaluate applications, monitor project performance and audit grants and loans awarded for development projects under s. 560.83 and, recycling development projects under s. 560.835 and finance projects and education and training projects under s. 560.837.
27,4549
Section 4549
. Chapter 561 of the statutes is repealed.
27,4549m
Section 4549m. 562.01 (intro.) of the statutes is amended to read:
562.01 Definitions. (intro.) In Except as provided in s. 562.124, in this chapter:
27,4550
Section 4550
. 562.01 (1) of the statutes is amended to read:
562.01 (1) “Administrator" means the administrator of the racing division of gaming.
27,4551
Section 4551
. 562.01 (4) of the statutes is created to read:
562.01 (4) “Department" means the department of administration.
27,4552
Section 4552
. 562.01 (4m) of the statutes is created to read:
562.01 (4m) “Division of gaming" means the division of gaming in the department.
27,4553
Section 4553
. 562.01 (14) of the statutes is amended to read:
562.01 (14) “Steward" means any person appointed, contracted for or approved by the board department under s. 562.02 (1) (fm).
27,4554
Section 4554
. 562.017 of the statutes is created to read:
562.017 Racing security. The department may do any of the following:
(1) Provide all of the security services for the racing operations under this chapter.
(2) Monitor the regulatory compliance of racing operations under this chapter.
(3) Audit the racing operations under this chapter.
(4) Investigate suspected violations of this chapter.
