(d) Venture capital grants and loans. The department may make a grant or loan from the appropriation under s. 20.143 (1) (dk) or (ik) (c) or (ie) for the purpose of enhancing the applicant's ability to obtain early stage financing from 3rd parties.
(e) (intro.) Entrepreneurial and technology transfer center grants. The department may make a grant from the appropriation under s. 20.143 (1) (dk) or (ik)
(c) or (ie) for the purpose of supporting any entrepreneurial and technology transfer center that satisfies all of the following criteria:
25,2376j
Section 2376j. 560.275 (8) of the statutes is created to read:
560.275 (8) Small businesses. The department shall award not less than 50 percent of the total amount of grants and loans made under this section to small businesses, as defined in 560.60 (15).
25,2376k
Section 2376k. 560.275 (9) of the statutes is created to read:
560.275 (9) Distressed Areas. The department shall award not less than 35 percent of the total amount of grants and loans made under this section to businesses in distressed areas, as defined in 560.605 (7) (b).
25,2376L
Section 2376L. 560.60 (15) of the statutes is renumbered 560.60 (15) (intro.) and amended to read:
560.60 (15) (intro.) "Small business" means a business that is operating for profit, with 250 and to which any of the following apply:
(a) The business has 100 or fewer employees, including employees of any subsidiary or affiliated organization.
25,2376m
Section 2376m. 560.60 (15) (b) of the statutes is created to read:
560.60 (15) (b) The business has annual gross receipts of $10,000,000 or less.
25,2388p
Section 2388p. 560.605 (1) (p) of the statutes is created to read:
560.605 (1) (p) For an ethanol production facility on which construction begins after the effective date of this paragraph .... [revisor inserts date], a competitive bidding process is used for the construction of the ethanol production facility.
25,2407L
Section 2407L. 560.605 (7) of the statutes is created to read:
560.605 (7)
(a) The board shall award not less than 50 percent of the total amount of grants and loans made under this subchapter to small businesses.
(b) The board shall award not less than 35 percent of the total amount of grants and loans made under this subchapter to businesses in distressed areas. In this paragraph, "distressed area" means an area to which any of the following apply:
1. The area has a high level of unemployment.
2. The area has a low median household income.
3. A significant number of workers in the area have been permanently laid off.
4. An employer in the area has given public notice of a plant closing or a substantial reduction in force that will result in a significant number of workers in the area being permanently laid off.
5. The area is designated as a development zone under s. 560.71 or an enterprise development zone under s. 560.797.
6. As determined by the board, the area is affected by another factor that indicates the area is a distressed area.
25,2418m
Section 2418m. 560.797 (2) (c) of the statutes is amended to read:
560.797 (2) (c) The department may not designate as an enterprise development zone, or as any part of an enterprise development zone, an area that is located within the boundaries of an area that is designated as a development zone under s. 560.71, or as a development opportunity zone under s. 560.795, the designation of which is in effect.
25,2419
Section
2419. 560.797 (2) (d) of the statutes is amended to read:
560.797 (2) (d) The department may not designate more than 7
9 8
5 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).
25,2419k
Section 2419k. 560.797 (4) (a) of the statutes is amended to read:
560.797 (4) (a) Subject to par. (b), if If the department approves a project plan under sub. (3) and designates the area in which the person submitting the project plan conducts or intends to conduct the project as an enterprise development zone under the criteria under sub. (2), the department shall certify the person as eligible for tax benefits.
25,2419L
Section 2419L. 560.797 (4) (b) of the statutes is repealed.
25,2419m
Section 2419m. 560.797 (4) (bm) of the statutes is created to read:
560.797 (4) (bm) Of the persons certified as eligible for tax benefits in the areas designated by the department as enterprise development zones after the effective date of this paragraph....[revisor inserts date], not less than one-half shall be businesses with 100 or fewer employees.
25,2422
Section
2422. 560.9810 (5) of the statutes is created to read:
560.9810 (5) Nonapplication. This section does not apply to property that is authorized to be sold under s. 16.848.
25,2422b
Section 2422b. 562.01 (11g) of the statutes is amended to read:
562.01 (11g) "Race meeting" means the period during a calendar year for which a person has been issued a license under s. 562.05 (1) (b) or (bm).
25,2422c
Section 2422c. 562.02 (1) (L) of the statutes is created to read:
562.02 (1) (L) Promulgate rules administering s. 562.058.
25,2422d
Section 2422d. 562.02 (5) of the statutes is created to read:
562.02 (5) The department may not impose a fee greater than $75 for renewal of a license issued under this chapter to operate a concession at a racetrack.
25,2422e
Section 2422e. 562.05 (1) (bm) of the statutes is created to read:
562.05 (1) (bm) The ownership and operation of a racetrack at which pari-mutuel wagering is conducted and the sponsorship and management of any race on which pari-mutuel wagering is conducted and which is not located at a fair.
25,2422f
Section 2422f. 562.05 (1g) of the statutes is amended to read:
562.05 (1g) A license issued under sub. (1) (a) or (bm) may authorize the ownership and operation of a racetrack where horse racing is conducted, the ownership and operation of a racetrack not at a fair where dog racing is conducted or the ownership and operation of a racetrack not at a fair where both horse racing and dog racing are conducted. A license issued under sub. (1) (b) or (bm) may authorize the sponsorship and management of horse races or dog races, or both horse races and dog races, at the same location.
25,2422g
Section 2422g. 562.05 (2m) of the statutes is amended to read:
562.05 (2m) In issuing a license to own and operate a racetrack not at a fair, the department shall consider the competitive effects on any other licensee under sub. (1) (a) or, (b), or (bm). These competitive effects shall include, but not be restricted to, the impact on the economic viability of existing licensed racetracks and the jobs that have been created by such licensed racetracks.
25,2422h
Section 2422h. 562.05 (3) of the statutes is amended to read:
562.05 (3) No person may hold more than one license issued under sub. (1) (a) that authorizes ownership and operation of a racetrack at which pari-mutuel wagering is conducted and one license issued under sub. (1) (b) or (c) that authorizes sponsorship and management of any race on which pari-mutuel wagering is conducted. If the applicant for any of those licenses is a corporation, association, limited liability company or partnership, the department shall determine whether the applicant is the same person as another licensee for the purpose of applying this subsection. Nothing in this subsection prohibits any person with a license under sub. (1) from contracting for services with any other person with a license under sub. (1), subject to any rules promulgated by the department.
25,2422i
Section 2422i. 562.05 (3r) of the statutes is renumbered 562.05 (3r) (a) and amended to read:
562.05 (3r) (a) The Except as provided under par. (b), the application for the first license under sub. (1) (a) or (bm) to be issued for any location shall be accompanied by a resolution, supporting the proposed location of the racetrack and its ownership and operation by the applicant, which has been adopted, after a public hearing, by the governing body of the city, village or town where the racetrack is proposed to be located. A common council may not adopt such a resolution if an ordinance prohibiting the location of a racetrack at the proposed location has been adopted under s. 9.20 before May 3, 1988, or a petition for such an ordinance has been filed, under s. 9.20, before May 3, 1988. Except as provided in this subsection, no ordinance adopted under s. 9.20 or 66.0101 may prohibit the location of a racetrack in any city or village.
25,2422j
Section 2422j. 562.05 (3r) (b) of the statutes is created to read:
562.05 (3r) (b) The requirements under par. (a) do not apply to an application for the first license under sub. (1) (bm) for a location if a license under sub. (1) (a) has been issued for the location.
25,2422L
Section 2422L. 562.05 (3wr) of the statutes is renumbered 562.05 (3wr) (a) and amended to read:
562.05 (3wr) (a) The Except as provided under par. (b), the first license issued to each applicant under sub. (1) (a) or (bm) for each racetrack expires after 5 years. Any subsequent license issued to the same applicant for that racetrack expires after one year.
25,2422m
Section 2422m. 562.05 (3wr) (b) of the statutes is created to read:
562.05 (3wr) (b) A first license issued to an applicant under sub. (1) (bm) for a racetrack expires after one year if the applicant held a license under sub. (1) (a) for the racetrack at the time of application for the license under sub. (1) (bm).
25,2422n
Section 2422n. 562.05 (3wt) of the statutes is amended to read:
562.05 (3wt) In the first license issued to each applicant under sub. (1) (a) or (bm) for each racetrack, the department shall specify a date by which each of the types of racing authorized under the license shall begin at that racetrack. Upon request of the licensee, the department may change a specified date to an earlier or later date pursuant to rules of the department.
25,2422o
Section 2422o. 562.05 (4m) (c) of the statutes is amended to read:
562.05 (4m) (c) The license will not create competition that will adversely affect any other licensee under sub. (1) (a) or, (b), or (bm).
25,2422om
Section 2422om. 562.05 (4r) of the statutes is created to read:
562.05 (4r) Except as provided under subs. (3) to (3r) and (4), the department may issue a license under sub. (1) (bm) if the department determines that the conditions under subs. (3w) (a) to (d) and (4m) (a) to (c) are satisfied.
25,2422p
Section 2422p. 562.05 (5) (c) 2. of the statutes is amended to read:
562.05 (5) (c) 2. Except as otherwise provided in this subdivision, if after the application for a license is made or a license is issued any new officer, director, partner, member or owner subject to par. (a), as specified in par. (b), or any other new person with a present or future direct or indirect financial or management interest in the application or license joins the applicant or licensee, the applicant or licensee shall, within 5 working days, notify the department of the change and provide the affidavit under subd. 1. After an application for a license under sub. (1) (a) or, (b), or (bm) is made or after a license under sub. (1) (a) or, (b), or (bm) is issued, no ownership interest or right of ownership in the applicant or licensee may be transferred unless the applicant or licensee provides the affidavit under subd. 1. for the proposed new owner and the proposed new owner is approved by the department. The department shall conduct the background investigations required under sub. (7) of any new officer, director, partner, member, shareholder or proposed owner of an applicant or licensee named in a notice to the department under this subdivision.
25,2422q
Section 2422q. 562.05 (6m) (a) 1. of the statutes is amended to read:
562.05 (6m) (a) 1. An application for an intertrack wagering license shall identify each licensee under sub. (1) (b) or (bm) on whose races the applicant proposes to conduct intertrack wagering and, except as provided in subd. 2., shall be accompanied by a statement, signed by each licensee that is identified in the application, giving consent to the applicant to conduct intertrack wagering on all races that are simulcast by the licensee during the licensee's race meeting.
25,2422r
Section 2422r. 562.05 (6m) (a) 2. of the statutes is amended to read:
562.05 (6m) (a) 2. A licensee under sub. (1) (b) or (bm) who signs a statement specified in subd. 1. is considered to have given consent to all applicants for intertrack wagering licenses to conducting intertrack wagering on all races that are simulcast by the licensee during the licensee's race meeting, and no similar statements signed by that licensee need be filed by other applicants for intertrack wagering licenses who propose to conduct intertrack wagering on those races.
25,2422s
Section 2422s. 562.05 (6m) (b) 1. of the statutes is amended to read:
562.05 (6m) (b) 1. The applicant is licensed under sub. (1) (a) or, (b), or (bm).
25,2422t
Section 2422t. 562.05 (6m) (b) 2. of the statutes is amended to read:
562.05 (6m) (b) 2. At least 250 race performances were conducted at the racetrack for which the applicant is licensed under sub. (1) (a) or, (b)
, or (bm) during the calendar year immediately preceding the year in which the applicant proposes to conduct intertrack wagering. The department may waive the requirement in this subdivision if the department determines that the waiver is in the public interest.
25,2422tm
Section 2422tm. 562.05 (6m) (b) 3. of the statutes is repealed.
25,2422u
Section 2422u. 562.05 (6m) (e) of the statutes is repealed.
25,2422um
Section 2422um. 562.05 (9) (a) of the statutes is amended to read:
562.05 (9) (a) Every license issued under sub. (1) (b), (bm), or (c) authorizing the sponsorship or management of a race shall set forth the time and number of days, or the specific dates, during which racing may be conducted under that license, as determined by the department.
25,2422v
Section 2422v. 562.05 (9) (b) of the statutes is amended to read:
562.05 (9) (b) A license under sub. (1) (c) may authorize horse races on days on which the fair is conducted and for 2 additional periods not to exceed 5 days each. Either or both of the additional periods may be consecutive with the days on which the fair is conducted. In assigning race days and race times under this paragraph, the department shall consider the competitive effects on licensees under sub. (1) (a) and
, (b), and (bm).
25,2422vm
Section 2422vm. 562.05 (10) of the statutes is amended to read:
562.05 (10) The department shall revoke the license issued under sub. (1) (a) or (bm) of any person who accepts any public money to construct or operate a racetrack in Wisconsin. This subsection does not apply to any racetrack operated in conjunction with a county fair.
25,2422w
Section 2422w. 562.057 (4) of the statutes is amended to read:
562.057 (4) Subject to sub. (4m), the department may permit a licensee under s. 562.05 (1) (b) or (bm) to receive simulcast races from out-of-state racetracks, to conduct pari-mutuel wagering on those races and to commingle the licensee's wagering pools on those races with those of any out-of-state racetrack from which the licensee is permitted to receive simulcast races. The department may permit a licensee under s. 562.05 (1) (b) or (bm) to simulcast races to any out-of-state legal wagering entity, and to commingle the licensee's wagering pools on those races with those of any out-of-state legal wagering entity to which the licensee is permitted to simulcast those races.
25,2422wm
Section 2422wm. 562.057 (4m) (intro.) of the statutes is amended to read:
562.057 (4m) (intro.) The department may not permit a licensee under s. 562.05 (1) (b) or (bm) to receive simulcast races under sub. (4) unless the department determines that all of the following conditions are met:
25,2422xm
Section 2422xm. 562.057 (4r) of the statutes is created to read:
562.057 (4r) The department may not impose a fee on a licensee under s. 562.05 (1) (a), (b), (bm), or (e) for receiving a simulcast race from an out-of-state racetrack or for simulcasting a race to an out-of-state legal wagering entity.
25,2422y
Section 2422y. 562.058 of the statutes is created to read:
562.058 Video gaming devices for pari-mutuel racing. A licensee under s. 562.05 (1) (b) or (bm) may operate video gaming devices to conduct pari-mutuel wagering on dog or horse races that have been previously conducted at a racetrack or out-of-state racetrack and that are visually displayed on the gaming device.
25,2423c
Section 2423c. 562.065 (3) (a) of the statutes is amended to read:
