SB393, s. 62
23Section
62. 560.17 (3c) of the statutes is created to read:
SB393,17,3
1560.17
(3c) The department shall specify by rule the criteria for awarding a
2grant or loan under this section, including the types of projects and activities that
3are eligible for funding and which types shall receive priority for funding.
SB393, s. 63
4Section
63. 560.17 (4) of the statutes is repealed.
SB393, s. 64
5Section
64. 560.17 (4c) of the statutes is created to read:
SB393,17,86
560.17
(4c) The department may establish conditions on a grant or loan made
7under this section, including matching contributions that must be provided by the
8grant or loan recipient.
SB393, s. 65
9Section
65. 560.17 (4m) of the statutes is repealed.
SB393, s. 66
10Section
66. 560.17 (5) of the statutes is repealed.
SB393, s. 67
11Section
67. 560.17 (5b) of the statutes is created to read:
SB393,17,1412
560.17
(5b) The department shall establish procedures for applying for a grant
13or loan under this section and for the department to evaluate and award a grant or
14loan under this section.
SB393, s. 68
15Section
68. 560.17 (5c) and (5m) of the statutes are repealed.
SB393, s. 70
18Section
70. 560.17 (6) of the statutes is repealed.
SB393, s. 71
19Section
71. 560.17 (6c) of the statutes is created to read:
SB393,17,2120
560.17
(6c) The department shall deposit all moneys received in repayment of
21loans under this section in the appropriation account under s. 20.143 (1) (ir).
SB393, s. 73
24Section
73. 560.17 (6r) of the statutes is repealed.
SB393, s. 76
5Section
76. 560.20 (1) (title), (cf) and (cm) of the statutes are repealed.
SB393, s. 78
8Section
78. 560.20 (1) (g) of the statutes is repealed.
SB393, s. 79
9Section
79. 560.20 (1m) of the statutes is repealed.
SB393, s. 81
12Section
81. 560.20 (2c) of the statutes is created to read:
SB393,18,1513
560.20
(2c) From the appropriations under s. 20.143 (1) (en) and (in), the
14department may make a grant or loan to an individual, a for-profit business or a
15nonprofit organization for a project or activity that satisfies all of the following:
SB393,18,1716
(a) Is expected to lead to or provide employment opportunities for persons with
17severe disabilities.
SB393,18,1918
(b) Contributes to the implementation of the economic development policy
19developed by the department under s. 560.01 (2) (a).
SB393, s. 82
20Section
82. 560.20 (3) (title) of the statutes is repealed.
SB393, s. 84
23Section
84. 560.20 (3) (b) and (c) of the statutes are repealed.
SB393, s. 86
1Section
86. 560.20 (3) (d) and (e) of the statutes are repealed.
SB393, s. 87
2Section
87. 560.20 (3) (f) (intro.) and 4. of the statutes are consolidated,
3renumbered 560.20 (6) and amended to read:
SB393,19,104
560.20
(6) The department shall
do all of the following: 4. Deposit deposit in
5the appropriation account under s. 20.143 (1) (in) all interest and principal received
6in repayment of loans under this
subsection section, any proceeds from equity
7investments made by the community development finance company under s.
8234.965, 1991 stats., that are received by the department or the community
9development finance company and any unencumbered grant funds returned to the
10department under
1993 Wisconsin Act 437, section
9115 (1t).
SB393, s. 88
11Section
88. 560.20 (3) (f) 1. to 3. of the statutes are repealed.
SB393, s. 89
12Section
89. 560.20 (3) (g) and (h) of the statutes are renumbered 560.20 (7) and
13(8), and 560.20 (7), as renumbered, is amended to read:
SB393,19,1714
560.20
(7) The department, in agreement with the for-profit business, may
15convert any equity investments made by the community development finance
16company in a for-profit business under s. 234.965, 1991 stats., to a grant or a loan
17under this
subsection without regard to the requirements under par. (b) section.
SB393, s. 90
18Section
90. 560.20 (3m), (4) and (5) of the statutes are created to read:
SB393,19,2119
560.20
(3m) The department shall specify by rule the criteria for awarding a
20grant or loan under this section, including the types of projects and activities that
21are eligible for funding and which types shall receive priority for funding.
SB393,19,24
22(4) The department may establish conditions on a grant or loan made under
23this section, including matching contributions that must be provided by the grant or
24loan recipient.
SB393,20,3
1(5) The department shall establish procedures for applying for a grant or loan
2under this section and for the department to evaluate and award a grant or loan
3under this section.
SB393, s. 93
8Section
93. 560.60 (1m), (1s) and (1v) of the statutes are repealed.
SB393, s. 95
11Section
95. 560.60 (6) of the statutes is repealed.
SB393, s. 97
14Section
97. 560.60 (15), (17) and (18m) of the statutes are repealed.
SB393, s. 98
15Section
98. 560.602 of the statutes is repealed.
SB393,20,21
20560.607 (1) Evaluation of proposed technical research projects under
s. 560.62 21this subchapter.
SB393, s. 105
5Section
105. 560.64 of the statutes is created to read:
SB393,21,14
6560.64 Wisconsin development fund grants and loans. (1) From the
7appropriations under s. 20.143 (1) (c) and (ie), the department may make a grant or
8loan to a business, consortium, existing business group, higher educational
9institution or nonprofit organization for a manufacturing assistance, technology
10development, labor training, urban or regional economic development, foreign trade
11show or event, federal government contract, revolving loan fund, or employe
12ownership assistance project or activity or a major economic development project, if
13the project or activity contributes to the implementation of the economic
14development policy developed by the department under s. 560.01 (2) (a).
SB393,21,17
15(2) The department shall specify by rule the criteria for awarding a grant or
16loan under this section, including the types of projects and activities that are eligible
17for funding and which types shall receive priority for funding.
SB393,21,20
18(3) The department may establish conditions on a grant or loan made under
19this section, including matching contributions that must be provided by the grant or
20loan recipient.
SB393,21,23
21(5) The department shall establish procedures for applying for a grant or loan
22under this section and for the department to evaluate and award a grant or loan
23under this section.
SB393,21,25
24(6) The department shall deposit all moneys received in repayment of loans
25under this section in the appropriation account under s. 20.143 (1) (ie).
SB393, s. 106
1Section
106. 560.65 (title), (1), (1m), (2) and (3) of the statutes are repealed.
SB393, s. 108
4Section
108. 560.65 (5) (a) of the statutes is repealed.
SB393, s. 109
5Section
109. 560.65 (5) (b) of the statutes is renumbered 560.67 and amended
6to read:
SB393,22,10
7560.67 Technology and pollution control and abatement loan
8repayments. The department shall deposit in the recycling fund all moneys
9received after July 1, 1995, in repayment of loans made under
this section s. 560.65,
101997 stats.
SB393, s. 111
13Section
111. 560.68 (title) and (2) of the statutes are repealed.
SB393,22,2016
560.64
(4) The department may charge a grant or loan recipient an origination
17fee of up to 2% of the grant or loan amount if the grant or loan exceeds $200,000
and
18is awarded under s. 560.63 or 560.66. The department shall deposit all origination
19fees collected under this subsection in the appropriation account under s. 20.143 (1)
20(gm).
SB393, s. 113
21Section
113. 560.68 (4), (5), (5m), (6) and (7) of the statutes are repealed.
SB393, s. 114
22Section
114. 560.685 of the statutes is repealed.
SB393, s. 115
23Section
115. Subchapter VII (title) of chapter 560 [precedes 560.80] of the
24statutes is amended to read:
SB393,22,2525
CHAPTER 560
SB393,23,2
1Subchapter VII
2
Minority business
early planning and development projects
SB393, s. 116
3Section
116. 560.815 of the statutes is created to read:
SB393,23,9
4560.815 Minority business development grants and loans. (1) From the
5appropriations under s. 20.143 (1) (fm) and (im), the department may make a grant
6or loan to a minority business, minority group member who is a resident of this state,
7business incubator operator, local development corporation or private financial
8institution, as defined in s. 234.01 (5k), for a project or activity that does all of the
9following:
SB393,23,1110
(a) Benefits one or more minority businesses or minority group members who
11are residents of this state.
SB393,23,1312
(b) Contributes to the implementation of the economic development policy
13developed by the department under s. 560.01 (2) (a).
SB393,23,16
14(2) The department shall specify by rule the criteria for awarding a grant or
15loan under this section, including the types of projects and activities that are eligible
16for funding and which types shall receive priority for funding.
SB393,23,19
17(3) The department may establish conditions on a grant or loan made under
18this section, including matching contributions that must be provided by the grant or
19loan recipient.
SB393,23,22
20(4) The department shall establish procedures for applying for a grant or loan
21under this section and for the department to evaluate and award a grant or loan
22under this section.
SB393,23,24
23(5) The department shall deposit all moneys received in repayment of loans
24under this section in the appropriation account under s. 20.143 (1) (im).
SB393, s. 117
25Section
117. 560.82 (6) of the statutes is created to read:
SB393,24,2
1560.82
(6) The department may not award a grant under this section after
2December 31, 2000.
SB393, s. 118
3Section
118. 560.83 (6) of the statutes is created to read:
SB393,24,54
560.83
(6) The board may not award a grant or loan under this section after
5December 31, 2000.
SB393, s. 119
6Section
119. 560.837 (3) of the statutes is created to read: