9,2927a
Section 2927a. 552.23 (1) of the statutes is amended to read:
552.23 (1) If the target company is an insurance company subject to regulation by the commissioner of insurance, a banking corporation subject to regulation by the division of banking, a savings bank or savings and loan association subject to regulation by the division of savings and loan institutions, or a company subject to regulation by the public service commission, the department of transportation or the office of the commissioner of railroads, the division of securities shall promptly furnish a copy of the registration statement filed under this chapter to the regulatory agency having supervision of the target company. Any hearing under this chapter involving any such target company shall be held jointly with the regulatory agency having supervision, and any determination following the hearing shall be made jointly with that regulatory agency.
9,2927m
Section 2927m. 560.031 of the statutes is repealed and recreated to read:
560.031 Recycling market development.
(1) In this section:
(d) "Responsible unit" has the meaning given in s. 287.01 (9).
(2) (a) At the request of the board, the department shall provide the financial assistance awarded by the board under subs. (3) and (4).
(b) 1. The department shall provide the financial assistance awarded under sub. (3) from the appropriations under s. 20.143 (1) (L)
and (tm).
2. The department shall provide the financial assistance awarded under sub. (4) from the appropriation under s. 20.143 (1) (L).
(3) The board may award a grant, loan or manufacturing rebate under this subsection to a governmental unit or business entity for a project to assist waste generators in the marketing of recovered materials or to develop markets for recovered materials. Before awarding a grant, loan or manufacturing rebate, the board shall consider the extent to which the project does the following:
(a) Maximizes the marketability of recovered materials on a statewide basis.
(b) Minimizes the amount of recovered materials disposed of in landfills or burned without energy recovery in incinerators.
(c) Includes materials that are banned from landfills and that will support community recycling efforts.
(d) Maintains present markets or creates new or expanded markets for recovered materials.
(4) The board shall
award a grant of $50,000 in each fiscal year to a private, nonprofit, industry-supported organization that is described in section
501 (c) (3) of the Internal Revenue Code and that provides waste reduction and recycling assistance through business-to-business peer exchange. An organization that is awarded a grant must be instrumental in assisting and encouraging companies and institutions to reduce their operating costs through improved production and solid waste management practices and must be in existence on the effective date of this subsection .... [revisor inserts date].
(5) If the board determines that financial assistance is required to stimulate an activity that it determines is needed to assist responsible units in the marketing of recovered materials or to develop markets for recovered materials, the board shall request the department to issue a request for proposals for that activity, unless the board determines that a request for proposals is not an effective means for distributing the financial assistance for that activity. Upon a request from the board under this subsection, the department shall issue a request for proposals for the activity specified by the board.
(6) The department shall annually contract for the operation of a statewide materials exchange program with a materials exchange program that received funding from the board in the 1997-99 fiscal biennium.
The department shall provide funding for the materials exchange program from the appropriation under s. 20.143 (1) (tm).
(7) The department shall consult with the board and seek advice from the council on recycling before promulgating any rules under this section.
9,2929f
Section 2929f. 560.045 of the statutes is renumbered 560.045 (1).
9,2929g
Section 2929g. 560.045 (2) of the statutes is created to read:
560.045 (2) The department shall expand the blight elimination and brownfield redevelopment program under subch. V of ch. Comm 108, Wis. Adm. Code, to fund redevelopment planning and projects that will result in end uses with taxable value.
9,2931
Section
2931. 560.06 (title) of the statutes is amended to read:
560.06 (title) Memorandum of understanding on use of allocated moneys for providing assistance to a nonprofit organization.
9,2932
Section
2932. 560.06 of the statutes is renumbered 560.06 (1) and amended to read:
560.06 (1) The department may provide assistance to a nonprofit organization that provides assistance to organizations and individuals in urban areas. No later than December 30, 1997, the department of commerce shall enter into a memorandum of understanding with the department of administration that specifies how the department of commerce may use the moneys allocated under s. 20.143 (1) (c) for providing assistance under this section subsection.
9,2933
Section
2933. 560.06 (2) of the statutes is created to read:
560.06 (2) In fiscal year 1999-2000, the department may provide up to $100,000 from the appropriations under s. 20.143 (1) (c) and (ie) in assistance to a nonprofit organization that provides assistance to organizations and individuals in urban areas. Notwithstanding sub. (1), the department shall use the moneys authorized under this subsection in accordance with the memorandum of understanding under sub. (1).
9,2937
Section
2937. 560.081 (2) (h) of the statutes is amended to read:
560.081 (2) (h) Provide training, technical assistance and information on the revitalization of business areas to municipalities which do not participate in the state main street program. The department may charge reasonable fees for the services and information provided under this paragraph. The department shall deposit all fees collected under this paragraph in the appropriation account under s. 20.143 (1) (g).
9,2937d
Section 2937d. 560.081 (3) of the statutes is created to read:
560.081 (3) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the department may award grants to municipalities participating in the state main street program to fund revitalization and other activities related to participation in the program.
(b) The department may not award more than $250,000 annually in grants under this subsection.
(c) The department shall promulgate rules for applying for, awarding and administering the grants under this subsection, including rules related to acceptable uses for the grant proceeds and reporting on the use of the grant proceeds.
9,2937f
Section 2937f. 560.083 of the statutes is created to read:
560.083 Grants for public retail markets. (1) In this section, "municipality" means a city, village, town or county in this state.
(2) From the appropriation under s. 20.143 (1) (c), the department may make grants to municipalities and nonprofit organizations to fund costs related to conducting public retail markets. The department shall promulgate rules for the administration of this section.
9,2937m
Section 2937m. 560.09 (5) of the statutes is repealed.
9,2937r
Section 2937r. 560.13 (title) of the statutes is amended to read:
560.13 (title) Brownfields and groundwater contamination grant program.
9,2938c
Section 2938c. 560.13 (2) (a) 1. of the statutes is amended to read:
560.13 (2) (a) 1. The recipient uses the grant proceeds for brownfields redevelopment or associated environmental remediation activities or for a project relating to the remediation of area-wide groundwater contamination.
9,2938f
Section 2938f. 560.13 (2) (a) 2. (intro.) of the statutes is amended to read:
560.13 (2) (a) 2. (intro.) All of the following are unknown, cannot be located or are financially unable to pay the cost of brownfields redevelopment or associated environmental remediation activities or of a groundwater contamination remediation project:
9,2939n
Section 2939n. 560.13 (3) (c) of the statutes is created to read:
560.13 (3) (c) In awarding grants under this section, beginning with grants awarded in fiscal year 2000-01, the department shall accord a weight to a project's job creation potential that is approximately 50% of the weight accorded that factor in awarding grants under this section before fiscal year 2000-01.
9,2944c
Section 2944c. 560.13 (4) (a) (intro.) of the statutes is amended to read:
560.13 (4) (a) (intro.) From the appropriations under s. 20.143 (1) (br) and (qm) in fiscal year 1997-98, and from the appropriation under s. 20.143 (1) (qm) in fiscal year 1998-99 1999-2000, the department shall award all of the following in each of those fiscal years:
9,2945c
Section 2945c. 560.13 (4) (a) 1. of the statutes is amended to read:
560.13 (4) (a) 1. A total of $750,000
$870,000 in grants that do not exceed $300,000.
9,2945d
Section 2945d. 560.13 (4) (a) 2. of the statutes is amended to read:
560.13 (4) (a) 2. A total of $1,750,000 $2,030,000 in grants that are greater than $300,000 but that do not exceed $700,000.
9,2945e
Section 2945e. 560.13 (4) (a) 3. of the statutes is amended to read:
560.13 (4) (a) 3. A total of $2,500,000 $2,900,000 in grants that are greater than $700,000 but that do not exceed $1,250,000.
9,2945m
Section 2945m. 560.13 (4) (am) of the statutes is created to read:
560.13 (4) (am) From the appropriations under s. 20.143 (1) (br) and (qm) in fiscal year 2000-01, the department shall award all of the following:
1. A total of $960,000 in grants that do not exceed $300,000.
2. A total of $2,240,000 in grants that are greater than $300,000 but that do not exceed $700,000.
3. A total of $3,200,000 in grants that are greater than $700,000 but that do not exceed $1,250,000.
4. At least $
1,400,000 in grants for projects evaluated without consideration of the number of jobs that will be created by the projects.
9,2948c
Section 2948c. 560.13 (6m) of the statutes is created to read:
560.13 (6m) Receipt of a grant under this section shall not render the recipient ineligible for a loan or any other grant awarded by the state, unless under the eligibility criteria of the loan or other grant the recipient is excluded by virtue of having received the grant.
9,2952
Section
2952. 560.137 of the statutes is created to read:
560.137 Gaming economic development grants and loans. (1) In this section:
(a) "Native American business" means a sole proprietorship, partnership, limited liability company, joint venture or corporation that is at least 51% owned, controlled and actively managed by a member or members of a federally recognized American Indian tribe or band in this state.
(b) "Professional services" has the meaning given in s. 560.17 (1) (c).
(c) "Qualified business" means an existing business, including a Native American business, that is located in this state.
(2) Subject to subs. (3), (4) and (5), from the appropriations under s. 20.143 (1) (ig) and (kj), the department may do all of the following:
(a) Make a grant that does not exceed $15,000 to a qualified business for professional services.
(b) Make a grant or loan that does not exceed $100,000 to a qualified business for fixed asset financing.
(3) The department may not make a grant or loan to a qualified business under this section unless the department determines all of the following:
(a) That the qualified business has been negatively impacted by the existence of a casino.
(b) That the qualified business has a legitimate need for the grant or loan to improve the profitability of the business.
(4) As a condition of approval of a grant or loan under this section, the department shall require that the qualified business provide matching funds for at least 25% of the cost of the project. The department may waive the requirement under this subsection if the department determines that the qualified business is subject to extreme financial hardship.
(5) The department may not award a grant or loan under this section to a qualified business for any purpose that is related to tourism unless the department of tourism concurs in the award.
(6) (a) The department shall deposit into the appropriation account under s. 20.143 (1) (ig) all moneys received in repayment of loans made under this section.
(b) The department may forgive all or any part of a loan made under this section.
9,2953
Section
2953. 560.138 of the statutes is created to read:
560.138 Gaming economic diversification grants and loans. (1) In this
section:
(a) "Native American business" means a sole proprietorship, partnership, limited liability company, joint venture or corporation that is at least 51% owned, controlled and actively managed by a member or members of a federally recognized American Indian tribe or band in this state.
(b) "Qualified business" means an existing business, including a Native American business, that is located in or expanding into this state.
(2) (a) Subject to subs. (3) and (4), from the appropriations under s. 20.143 (1) (id) and (km), the department may make a grant or loan to a qualified business for a project for the purpose of diversifying the economy of a community.
(b) In determining whether to award a grant or loan under this section, the department shall consider all of the following:
1. A project's potential to retain or increase the number of jobs.
2. A project's potential to provide for significant capital investment.
3. A project's contribution to the economy of the community.
(3) As a condition of approval of a grant or loan under this section, the department shall require that a qualified business provide matching funds for at least 25% of the cost of a project.
(4) The department may not award a grant or loan under this section to a qualified business for any purpose that is related to tourism unless the department of tourism concurs in the award.
(5) The department shall deposit into the appropriation account under s. 20.143 (1) (id) all moneys received in repayment of loans made under this section.
9,2953g
Section 2953g. 560.139 of the statutes is created to read: