Amendment SSA1-AB133

AB133-SSA1,1393,2 560.20 (3) (a) (intro.) The Subject to par. (cm), the department may award funds appropriated under s. 20.143 (1) (en) and (in) to an individual, small business or nonprofit organization for use in connection with the start-up or expansion of a for-profit business if all of the following apply:

AB133-SSA1, s. 2978 Section 2978. 560.20 (3) (cm) of the statutes is created to read:

AB133-SSA1,1393,7 560.20 (3) (cm) If the department awards a grant under this subsection, the department may contract directly with and pay grant proceeds directly to any person providing management assistance to the individual, small business or nonprofit organization.

AB133-SSA1, s. 2979 Section 2979. 560.25 of the statutes is created to read:

AB133-SSA1,1393,10 560.25 Manufacturing extension center grants. (1) Definitions. In this section:

AB133-SSA1,1393,11 (a) "Biotechnology" means technology related to life sciences.

AB133-SSA1,1393,14 (b) "Business" means a company located in this state, a company that has made a firm commitment to locate a facility in this state or a group of companies at least 80% of which are located in this state.

AB133-SSA1,1393,15 (c) "Technology" includes biotechnology.

AB133-SSA1,1393,20 (d) "Technology-based nonprofit organization" means a nonprofit corporation, as defined in s. 181.0103 (17), or an organization described in section 501 (c) (3) of the Internal Revenue Code that is exempt from federal income tax under section 501 (a) of the Internal Revenue Code, and that has as a mission the transfer of technology to businesses in this state.

AB133-SSA1,1393,24 (2) Grants. Subject to subs. (4) and (5), the department may make a grant from the appropriation under s. 20.143 (1) (ie) to a technology-based nonprofit organization to provide support for a manufacturing extension center if all of the following apply:

AB133-SSA1,1394,3 (a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.

AB133-SSA1,1394,4 (b) The secretary approves the plan submitted under par. (a).

AB133-SSA1,1394,7 (3) Restriction on grant recipients. A technology-based nonprofit organization that receives a grant under this section is thereafter ineligible to receive a grant or loan under subch. V.

AB133-SSA1,1394,9 (4) Limit on grants. The department may not award more than $1,000,000 in grants under this section in a fiscal year.

AB133-SSA1,1394,11 (5) Program sunset. The department may not encumber any moneys under this section after June 30, 2001.

AB133-SSA1, s. 2984 Section 2984. 560.60 (4) of the statutes is amended to read:

AB133-SSA1,1394,15 560.60 (4) "Eligible recipient" means a governing body or a person who is eligible to receive a grant under s. 560.615, a grant or loan under s. 560.62, a grant or loan under s. 560.63 or a grant or loan under s. 560.65.

AB133-SSA1, s. 2985 Section 2985. 560.60 (10) of the statutes is amended to read:

AB133-SSA1,1394,21 560.60 (10) "Job" means a regular, nonseasonal full-time position 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 position providing full-time equivalent employment. "Job" does not include initial training before an employment position begins.

AB133-SSA1, s. 2986 Section 2986. 560.605 (1) (e) (intro.) and 1. of the statutes are consolidated, renumbered 560.605 (1) (e) and amended to read:

AB133-SSA1,1395,2 560.605 (1) (e) The Except as provided in s. 560.68 (6), the eligible recipient receiving the grant or loan will contribute, from funds not provided by this state, whichever of the following applies: 1. Except as provided under subd. 3. and s. 560.68 (6), not less than 25% of the cost of the project.

AB133-SSA1, s. 2987 Section 2987. 560.605 (1) (e) 3. of the statutes is repealed.

AB133-SSA1, s. 2988 Section 2988. 560.605 (1) (f) of the statutes is amended to read:

AB133-SSA1,1395,6 560.605 (1) (f) The project meets all criteria set forth in s. 560.615, 560.62, 560.63, 560.65 or 560.66, whichever is appropriate.

AB133-SSA1, s. 2989 Section 2989. 560.605 (1) (g) of the statutes is amended to read:

AB133-SSA1,1395,10 560.605 (1) (g) Funds from the grant or loan under s. 560.615, 560.62, 560.63, 560.65 or 560.66 will not be used to pay overhead costs, except as provided in s. 560.65 (1m) (b), or to replace funds from any other source.

AB133-SSA1, s. 2990 Section 2990. 560.605 (1) (i) of the statutes is created to read:

AB133-SSA1,1395,12 560.605 (1) (i) The eligible recipient has not received a grant under s. 560.25.

AB133-SSA1, s. 2991 Section 2991. 560.605 (2) (intro.) of the statutes is amended to read:

AB133-SSA1,1395,16 560.605 (2) (intro.) The board shall consider all of the following before awarding a grant or loan to an eligible recipient for a project under s. 560.615, 560.62, 560.63 or 560.66:

AB133-SSA1, s. 2992 Section 2992. 560.605 (2m) (intro.) of the statutes is amended to read:

AB133-SSA1,1395,20 560.605 (2m) (intro.) When considering whether a project under s. 560.615, 560.62, 560.63 or 560.66 will be located in a targeted area, the board shall consider all of the following:

AB133-SSA1, s. 2993 Section 2993. 560.607 (3) of the statutes is created to read:

AB133-SSA1,1395,24 560.607 (3) Evaluation costs, collection costs, foreclosure costs and other costs associated with administering the loan portfolio under this subchapter, excluding staff salaries.

AB133-SSA1, s. 2994 Section 2994. 560.61 (1) of the statutes is amended to read:

AB133-SSA1,1396,4 560.61 (1) Make a grant or loan to an eligible recipient for a project that meets the criteria for funding under s. 560.605 (1) and (2) and under s. 560.615, 560.62, 560.63, 560.65 or 560.66, whichever is appropriate, from the appropriations under s. 20.143 (1) (c), (cb), and (ie) , (s) and (sm).

AB133-SSA1, s. 2995 Section 2995. 560.615 of the statutes is repealed.

AB133-SSA1, s. 2996 Section 2996. 560.62 (4) of the statutes is renumbered 560.607, and 560.607 (intro.) and (1), as renumbered, are amended to read:

AB133-SSA1,1396,10 560.607 Miscellaneous and administrative expenditures. (intro.) In each biennium, the board department may expend or encumber up to a total of 1% of the moneys appropriated under s. 20.143 (1) (c) for that biennium for any of the following:

AB133-SSA1,1396,11 (1) Evaluations of proposed technical research projects under s. 560.62.

AB133-SSA1, s. 2996g Section 2996g. 560.63 (4) of the statutes is amended to read:

AB133-SSA1,1396,17 560.63 (4) The contribution required under s. 560.605 (1) (e) may consist of funding or of in-kind contributions. Not more than 20% of the contribution of a business may consist of funding which the business receives under the federal job training partnership act, 29 USC 1501 to 1781 Workforce Investment Act of 1998, 29 USC 2801 to 2945.

AB133-SSA1, s. 2997 Section 2997. 560.66 (1) (intro.) of the statutes is amended to read:

AB133-SSA1,1396,22 560.66 (1) (intro.) The board may award grants and loans under s. 560.61 to eligible recipients for any project that is not eligible for a grant or loan under s. 560.615, 560.62 or 560.63, if the board determines that the project is a major economic development project and considers all of the following:

AB133-SSA1, s. 2998 Section 2998. 560.68 (3) of the statutes is amended to read:

AB133-SSA1,1397,3 560.68 (3) The department may charge a grant or loan recipient an origination fee of up to 1.5% 2% of the grant or loan amount if the grant or loan exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall deposit all origination fees collected under this subsection in the appropriation account under s. 20.143 (1) (gm).

AB133-SSA1, s. 2998p Section 2998p. 560.737 (1) (b) of the statutes is amended to read:

AB133-SSA1,1397,6 560.737 (1) (b) A job training partnership program workforce investment activity under 29 USC 1502 29 USC 2801 to 2945.

AB133-SSA1, s. 2999 Section 2999. 560.745 (2) (a) of the statutes is amended to read:

AB133-SSA1,1397,10 560.745 (2) (a) When the department designates a development zone under s. 560.71, it shall establish a limit for tax benefits for the development zone determined by allocating to the development zone a portion of $33,155,000 $38,155,000.

AB133-SSA1, s. 3000 Section 3000. 560.75 (11) of the statutes is repealed.

AB133-SSA1, s. 3001 Section 3001. 560.785 (1) (b) (intro.) and 1. of the statutes are consolidated, renumbered 560.785 (1) (b) and amended to read:

AB133-SSA1,1397,17 560.785 (1) (b) Allow a person to claim up to $6,500 $8,000 in tax benefits during the time that an area is designated as a development zone or as an enterprise development zone for any of the following: Creating creating a full-time job that is filled by a member of the target population.

AB133-SSA1, s. 3002 Section 3002. 560.785 (1) (b) 2. of the statutes is repealed.

AB133-SSA1, s. 3003 Section 3003. 560.785 (1) (bm) of the statutes is created to read:

AB133-SSA1,1397,23 560.785 (1) (bm) Allow a person to claim up to $8,000 in tax benefits during the time that an area is designated as an enterprise development zone for retaining a full-time job if the department determines that the person made a significant capital investment to retain the full-time job.

AB133-SSA1, s. 3004 Section 3004. 560.785 (1) (c) (intro.) of the statutes is amended to read:

AB133-SSA1,1398,3 560.785 (1) (c) (intro.) Allow a person to claim up to $4,000 $6,000 in tax benefits during the time that an area is designated as a development zone or as an enterprise development zone for any of the following:

AB133-SSA1, s. 3004m Section 3004m. 560.785 (1) (d) of the statutes is amended to read:

AB133-SSA1,1398,8 560.785 (1) (d) Require Except for a person claiming tax benefits only for environmental remediation under s. 71.07 (2dx) (b) 1., 71.28 (1dx) (b) 1. or 71.47 (1dx) (b) 1., require at least 25% of the tax benefits claimed by a person to be based on creating or retaining full-time jobs.

AB133-SSA1, s. 3005 Section 3005. 560.785 (1) (e) of the statutes is amended to read:

AB133-SSA1,1398,12 560.785 (1) (e) Require at least one-third of the tax benefits claimed by a person that are based on creating or retaining full-time jobs to be based on creating or retaining full-time jobs that are filled by members of the target population.

AB133-SSA1, s. 3005m Section 3005m. 560.785 (1) (h) of the statutes is created to read:

AB133-SSA1,1398,16 560.785 (1) (h) Provide that a person's eligibility to claim tax benefits for environmental remediation under s. 71.07 (2dx) (b) 1., 71.28 (1dx) (b) 1. or 71.47 (1dx) (b) 1. is not based on creating or retaining jobs.

AB133-SSA1, s. 3006 Section 3006. 560.785 (2) (c) of the statutes is created to read:

AB133-SSA1,1398,21 560.785 (2) (c) The requirement under ss. 560.70 (2m) and 560.797 (1) (am) that an individual's position must be regular, nonseasonal and full-time and that the individual must be required to work at least 2,080 hours per year, including paid leave and holidays.

AB133-SSA1, s. 3008 Section 3008. 560.795 (3) (e) of the statutes is repealed.

AB133-SSA1, s. 3009 Section 3009. 560.797 (1) (aj) of the statutes is created to read:

AB133-SSA1,1398,25 560.797 (1) (aj) "Environmental remediation" has the meaning given in s. 71.07 (2dx) (a) 3.

AB133-SSA1, s. 3010 Section 3010. 560.797 (2) (bg) of the statutes is created to read:

AB133-SSA1,1399,4 560.797 (2) (bg) Notwithstanding par. (a) and subject to pars. (c) and (d), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:

AB133-SSA1,1399,5 1. That the project serves a public purpose.

AB133-SSA1,1399,7 2. That the project is not likely to occur or continue without the department's designation of the area as an enterprise development zone.

AB133-SSA1,1399,9 3. That the project will likely provide for significant environmental remediation.

AB133-SSA1, s. 3011 Section 3011. 560.797 (2) (br) of the statutes is created to read:

AB133-SSA1,1399,12 560.797 (2) (br) In making a determination under par. (bg), the department shall consider all of the following:

AB133-SSA1,1399,13 1. The factors specified in par. (b) 1. to 8.

AB133-SSA1,1399,14 2. The environmental remediation that is likely to result from the project.

AB133-SSA1, s. 3012 Section 3012. 560.797 (2) (d) of the statutes is amended to read:

AB133-SSA1,1399,19 560.797 (2) (d) The department may not designate more than 50 79 enterprise development zones unless the department obtains the approval of the joint committee on finance to do so. Of the enterprise development zones that the department designates, at least 10 shall be designated under par. (bg).

AB133-SSA1, s. 3013 Section 3013. 560.797 (4) (e) of the statutes is repealed.

AB133-SSA1, s. 3015 Section 3015. 560.80 (5) of the statutes is amended to read:

AB133-SSA1,1399,24 560.80 (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) (a) or (b) or 560.835.

AB133-SSA1, s. 3016 Section 3016. 560.81 (2) of the statutes is amended to read:

AB133-SSA1,1400,3 560.81 (2) The board awards a grant or loan to the eligible recipient or local development corporation under ss. 560.83 (1) and 560.84 or to the eligible recipient under ss. 560.835 and 560.84.

AB133-SSA1, s. 3017 Section 3017. 560.83 (1) of the statutes is amended to read:

AB133-SSA1,1400,7 560.83 (1) Subject to s. 560.84, the board may award a grant or loan under this section subsection to an eligible recipient or a local development corporation to fund eligible development project costs.

AB133-SSA1, s. 3018 Section 3018. 560.83 (2) (intro.) of the statutes is amended to read:

AB133-SSA1,1400,10 560.83 (2) (intro.) The board may award a grant or loan under this section subsection to a local development corporation if all of the following apply: