Amendment CA1-ASA1-AB133

AB133-ASA1-CA1,659,17 (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].

AB133-ASA1-CA1,659,25 (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.

AB133-ASA1-CA1,660,5 (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).

AB133-ASA1-CA1,660,7 (7) The department shall consult with the board and seek advice from the council on recycling before promulgating any rules under this section.".

AB133-ASA1-CA1,660,8 1457. Page 1376, line 21: after that line insert:

AB133-ASA1-CA1,660,9 " Section 2926b. 551.32 (1) (bm) 1. (intro.) of the statutes is amended to read:

AB133-ASA1-CA1,660,12 551.32 (1) (bm) 1. (intro.) In addition to information required under par. (b) and except as provided in par. (bs), an application under par. (a) shall contain the following:

AB133-ASA1-CA1, s. 2926e Section 2926e. 551.32 (1) (bs) of the statutes is created to read:

AB133-ASA1-CA1,660,19 551.32 (1) (bs) 1. If an applicant for the issuance or renewal of a license under this section is an individual who does not have a social security number, the applicant, as a condition of applying for or applying to renew the license, shall submit a statement made or subscribed under oath or affirmation to the division that the applicant does not have a social security number. The form of the statement shall be prescribed by the department of workforce development.

AB133-ASA1-CA1,660,21 2. Any license issued or renewed in reliance upon a false statement submitted by an applicant under subd. 1. is invalid.

AB133-ASA1-CA1, s. 2926m Section 2926m. 551.34 (1m) (a) 1. of the statutes is amended to read:

AB133-ASA1-CA1,660,24 551.34 (1m) (a) 1. The applicant fails to provide the any information required under s. 551.32 (1) (bm) 1.

AB133-ASA1-CA1, s. 2926p Section 2926p. 551.34 (1m) (a) 3. of the statutes is amended to read:

AB133-ASA1-CA1,661,12 551.34 (1m) (a) 3. The applicant is an individual who fails to provide his or her social security number, who fails to comply, after appropriate notice, with a subpoena or warrant issued by the department of workforce development or a county child support agency under s. 59.53 (5) and related to paternity or child support proceedings or who is delinquent in making court-ordered payments of child or family support, maintenance, birth expenses, medical expenses or other expenses related to the support of a child or former spouse, as provided in a memorandum of understanding entered into under s. 49.857. An applicant whose application is denied under this subdivision for delinquent payments is entitled to a notice and hearing under s. 49.857 but is not entitled to any other notice or hearing under this section.

AB133-ASA1-CA1, s. 2926s Section 2926s. 551.34 (1m) (b) of the statutes is amended to read:

AB133-ASA1-CA1,662,2 551.34 (1m) (b) The Unless s. 551.32 (1) (bs) 1. applies to the licensee, the division shall restrict or suspend a license under this subchapter if the licensee is an individual who fails to provide his or her social security number,. The division shall restrict or suspend a license under this subchapter if the licensee is an individual who fails to comply, after appropriate notice, with a subpoena or warrant issued by the department of workforce development or a county child support agency under s. 59.53 (5) and related to paternity or child support proceedings or who is delinquent in making court-ordered payments of child or family support, maintenance, birth expenses, medical expenses or other expenses related to the support of a child or former spouse, as provided in a memorandum of understanding entered into under s. 49.857. A licensee whose license is restricted or suspended under this paragraph is entitled to a notice and hearing under s. 49.857 but is not entitled to any other notice or hearing under this section.".

AB133-ASA1-CA1,662,3 1458. Page 1378, line 12: after that line insert:

AB133-ASA1-CA1,662,4 " Section 2937f. 560.083 of the statutes is created to read:

AB133-ASA1-CA1,662,6 560.083 Grants for public retail markets. (1) In this section, "municipality" means a city, village, town or county in this state.

AB133-ASA1-CA1,662,10 (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.".

AB133-ASA1-CA1,662,11 1459. Page 1378, line 12: after that line insert:

AB133-ASA1-CA1,662,12 " Section 2937m. 560.09 (5) of the statutes is repealed.".

AB133-ASA1-CA1,662,13 1460. Page 1378, line 25: delete that line.

AB133-ASA1-CA1,662,14 1461. Page 1379, line 1: delete lines 1 to 3 and substitute:

AB133-ASA1-CA1,662,15 " Section 2939n. 560.13 (3) (c) of the statutes is created to read:

AB133-ASA1-CA1,662,19 560.13 (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.".

AB133-ASA1-CA1,662,20 1462. Page 1379, line 25: after that line insert:

AB133-ASA1-CA1,662,22 "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.".

AB133-ASA1-CA1,662,23 1463. Page 1380, line 1: delete lines 1 to 5.

AB133-ASA1-CA1,662,24 1464. Page 1383, line 5: delete "$1,000,000" and substitute "$900,000".

AB133-ASA1-CA1,663,1 1465. Page 1394, line 11: after that line insert:

AB133-ASA1-CA1,663,2 " Section 2980m. 560.26 of the statutes is created to read:

AB133-ASA1-CA1,663,5 560.26 Wisconsin Procurement Institute grants. (1) Subject to sub. (3), the department shall make grants annually from the appropriation under s. 20.143 (1) (c) to the Wisconsin Procurement Institute if all of the following apply:

AB133-ASA1-CA1,663,7 (a) The Wisconsin Procurement Institute uses the grant proceeds to further its efforts to secure federal government contracts and create jobs in the state.

AB133-ASA1-CA1,663,10 (b) The Wisconsin Procurement Institute submits a plan to the department for each grant detailing the proposed use of the grant and the secretary approves the plan.

AB133-ASA1-CA1,663,13 (c) The Wisconsin Procurement Institute enters into a written agreement with the department that specifies the conditions for use of the grant proceeds, including reporting and auditing requirements.

AB133-ASA1-CA1,663,15 (d) The Wisconsin Procurement Institute agrees in writing to submit to the department the report required under sub. (2) by the time required under sub. (2).

AB133-ASA1-CA1,663,18 (2) If the Wisconsin Procurement Institute receives a grant under this section, it shall submit to the department, within 6 months after spending the full amount of the grant, a report detailing how the grant proceeds were used.

AB133-ASA1-CA1,663,20 (3) The department may not make grants under sub. (1) that exceed $100,000 in total in any year.".

AB133-ASA1-CA1,663,21 1466. Page 1394, line 11: after that line insert:

AB133-ASA1-CA1,663,22 " Section 2983c. 560.28 of the statutes is created to read:

AB133-ASA1-CA1,663,23 560.28 Biotechnology development finance company. (1) In this section:

AB133-ASA1-CA1,663,24 (a) "Biotechnology" means technology related to life sciences.

AB133-ASA1-CA1,664,1 (b) "Capital participation instrument" means all of the following:

AB133-ASA1-CA1,664,2 1. Any of the following or an option or other right to acquire any of the following:

AB133-ASA1-CA1,664,3 a. Common or preferred capital stock.

AB133-ASA1-CA1,664,4 b. Convertible securities.

AB133-ASA1-CA1,664,5 c. Evidences of long-term or short-term indebtedness.

AB133-ASA1-CA1,664,6 d. Warrants.

AB133-ASA1-CA1,664,7 e. Subscriptions.

AB133-ASA1-CA1,664,8 f. Partnership or membership interests.

AB133-ASA1-CA1,664,10 2. Royalties or other lawful derivations of a capital participation instrument listed under subd. 1.

AB133-ASA1-CA1,664,17 (c) "Cost of a project" means costs associated with the design, planning and implementation of a project that, in accordance with sound business and financial practices, are appropriate charges to the project. The costs may include the costs of planning and design, options to buy land, feasibility or other studies, equipment, seed money, construction, working capital and any other costs determined by the biotechnology development finance company to be necessary to the purposes of this section.

AB133-ASA1-CA1,664,19 (d) "Project" means commercial, industrial or other economic activity that is undertaken by a biotechnology company in this state.

AB133-ASA1-CA1,665,2 (2) (a) The department shall organize and maintain a biotechnology development finance company as a nonstock, nonprofit corporation under ch. 181 for the exclusive purpose of investing in new or existing biotechnology companies in this state. From the appropriation under s. 20.143 (1) (c), the department shall make a one-time grant to the company for start-up capital and for reasonable administrative expenses of the company. The grant under this paragraph may not exceed $1,000,000.

AB133-ASA1-CA1,665,6 (b) Subject to par. (c), the biotechnology development finance company may purchase a capital participation instrument of a project. The biotechnology development finance company shall ensure that all of the following apply with respect to a project before any investment is made in the project:

AB133-ASA1-CA1,665,8 1. The biotechnology company has certified that the project plans conform to all applicable environmental, zoning, building, planning or sanitation laws.

AB133-ASA1-CA1,665,10 2. There is a reasonable expectation that the biotechnology company will be successful.

AB133-ASA1-CA1,665,11 3. Private industry has not provided sufficient capital required for the project.

AB133-ASA1-CA1,665,15 4. The investment is necessary to the successful completion of the proposed project because other investment in the project is unavailable in the traditional capital markets, or because capital has been offered on terms that would preclude the success of the project.

AB133-ASA1-CA1,665,19 5. Provision has been made by contract for adequate reporting of financial data by the project to the biotechnology development finance company. Those provisions may include a requirement for an annual or other periodic audit of the project's financial records.

AB133-ASA1-CA1,665,21 6. The proceeds of the purchase will be used solely in connection with the costs of the project.

AB133-ASA1-CA1,665,22 7. The biotechnology company is able to manage its project responsibilities.

AB133-ASA1-CA1,665,25 (c) 1. The biotechnology development finance company may not own more than 49% of the voting stock or other interest in any enterprise as a result of a purchase under par. (b).

AB133-ASA1-CA1,666,2 2. The total investment by the biotechnology development finance company in any one biotechnology company may not exceed $200,000.

AB133-ASA1-CA1,666,4 (d) The findings made by the biotechnology development finance company with respect to whether a project meets the conditions under par. (b) 1. to 7. are conclusive.

AB133-ASA1-CA1,666,13 (3) The department shall enter into a contract with the biotechnology development finance company. The contract shall provide that the department may make use of the services of the biotechnology development finance company and that the department shall advise, assist and provide administrative services to the biotechnology development finance company. The department shall determine the type and scope of any administrative services provided by the department to the biotechnology development finance company. The department may assign employes or contract with private or state agencies to perform the administrative services. The biotechnology development finance company may not engage in political activities.

AB133-ASA1-CA1,666,15 (4) (a) The board of directors of the biotechnology development finance company shall consist of all of the following members:

AB133-ASA1-CA1,666,16 1. The secretary, or his or her designee.

AB133-ASA1-CA1,666,17 2. The secretary of administration, or his or her designee.

AB133-ASA1-CA1,666,18 3. The executive director of the investment board, or his or her designee.

AB133-ASA1-CA1,666,20 4. The executive director of the Wisconsin Housing and Economic Development Authority, or his or her designee.

AB133-ASA1-CA1,666,21 5. The president of the University of Wisconsin System, or his or her designee.

AB133-ASA1-CA1,666,22 6. The president of Forward Wisconsin, Inc., or his or her designee.

AB133-ASA1-CA1,666,23 7. A representative of the state's biotechnology research community.

AB133-ASA1-CA1,666,24 8. A representative of the state's biotechnology industry.

AB133-ASA1-CA1,666,25 9. A representative of the state's venture capital industry.

AB133-ASA1-CA1,667,4 (b) The members under par. (a) 7. to 9. shall serve 5-year terms and the initial members under par. (a) 7. to 9. shall be appointed by the governor. The biotechnology development finance company, in its bylaws, shall specify the method for electing new members under par. (a) 7. to 9. and for filling vacancies.

AB133-ASA1-CA1,667,7 (5) Annually, the biotechnology development finance company shall provide a report on its activities to the appropriate standing committees of each house of the legislature in the manner provided under s. 13.172 (3) and to the governor.

AB133-ASA1-CA1,667,14 (6) The assets transferred to, and the assets and liabilities of, the biotechnology development finance company shall be separate from all other assets and liabilities of the state, of all political subdivisions of the state and of the department. Neither the state, any political subdivision of the state nor the department guarantees any obligation of or has any obligation to the biotechnology development finance company. Neither the state, any political subdivision of the state nor the department is liable for any debt or liability of the biotechnology development finance company.".

AB133-ASA1-CA1,667,15 1467. Page 1396, line 17: after that line insert:

AB133-ASA1-CA1,667,16 " Section 2996p. 560.65 (4) (a) of the statutes is repealed.".

AB133-ASA1-CA1,667,17 1468. Page 1397, line 3: after that line insert:

AB133-ASA1-CA1,667,18 " Section 2998g. 560.70 (7) of the statutes is amended to read:

AB133-ASA1-CA1,667,22 560.70 (7) "Tax benefits" means the development zones credit under ss. 71.07 (2dx), 71.28 (1dx) and 71.47 (1dx), except that in s. 560.795, "tax benefits" means the development zones investment credit under ss. 71.07 (2di), 71.28 (1di) and 71.47 (1di) and the development zones credit under ss. 71.07 (2dx), 71.28 (1dx) and 71.47 (1dx).".

AB133-ASA1-CA1,667,23 1469. Page 1397, line 11: after that line insert:

AB133-ASA1-CA1,667,24 " Section 3000n. 560.785 (1) (intro.) of the statutes is amended to read:

AB133-ASA1-CA1,668,5 560.785 (1) (intro.) For the development zone program under ss. 560.70 to 560.78, the development opportunity zone program under s. 560.795 and the enterprise development zone program under s. 560.797, the department shall promulgate rules that further define a person's eligibility for tax benefits. The rules shall do at least all of the following:".

AB133-ASA1-CA1,668,7 1470. Page 1397, line 15: after "development zone" insert ", as a development opportunity zone".