AB100-ASA1-AA15,15,1818
(f) Establishing revolving loan funds.
AB100-ASA1-AA15,15,1919
(g) Providing working capital.
AB100-ASA1-AA15,15,2020
(h) Promoting employee ownership through all of the following:
AB100-ASA1-AA15,15,2221
1. Conducting feasibility studies to investigate the reorganization or new
22incorporation of existing businesses as employee-owned businesses.
AB100-ASA1-AA15,15,2323
2. Implementing feasibility studies under subd. 1.
AB100-ASA1-AA15,16,3
1560.60
(4) "Eligible recipient" means a governing body or a person who is
2eligible to receive a grant or loan under s.
560.62, a grant or loan under s. 560.63 or
3a grant or loan under s. 560.65 560.61.
AB100-ASA1-AA15,16,119
560.60
(15) "Small business" means a business
operating for profit, with
250
10or fewer
than 100 employees, including employees of any subsidiary or affiliated
11organization.
AB100-ASA1-AA15,16,1915
560.605
(1) (intro.)
The Upon receipt of an application by an eligible recipient,
16the board may
consider any of the following in determining whether to award a grant
17or loan under s. 560.61
upon the receipt and consideration of an application by an
18eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all
19of the following:
AB100-ASA1-AA15,16,2121
560.605
(1) (a)
The Whether the project serves a public purpose.
AB100-ASA1-AA15,16,2423
560.605
(1) (b)
The Whether the project will retain or increase employment in
24this state.
AB100-ASA1-AA15,17,2
1560.605
(1) (c)
The Whether the project
is not likely to might not occur without
2the grant or loan.
AB100-ASA1-AA15,17,54
560.605
(1) (d)
Financing Whether financing is
unavailable available from
any
5other another source on reasonably equivalent terms.
AB100-ASA1-AA15,17,107
560.605
(1) (e)
Except as provided in s. 560.68 (6), the eligible recipient
8receiving the grant or loan will contribute, from The extent to which the project will
9be financed with funds not provided by this state
, not less than 25% of the cost of the
10project.
AB100-ASA1-AA15,17,1513
560.605
(1) (g)
Funds Whether funds from the grant or loan
under s. 560.62,
14560.63, 560.65 or 560.66 will be used to pay overhead costs
, except as provided in s.
15560.65 (1m) (b), or to replace funds from
any other another source.
AB100-ASA1-AA15,17,1817
560.605
(1) (h)
The Whether the project will
not displace
any workers in this
18state.
AB100-ASA1-AA15, s. 2393g
24Section 2393g. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m)
25and amended to read:
AB100-ASA1-AA15,18,1
1560.605
(1) (m) The financial soundness of the
business eligible recipient.
AB100-ASA1-AA15,18,75
560.605
(2m) (intro.) When considering whether a project
under s. 560.62,
6560.63 or 560.66 will be located in a targeted area, the board
shall may consider
all
7any of the following:
AB100-ASA1-AA15,18,1512
560.605
(3m) The board may not award a grant or loan under s. 560.61 for an
13ethanol production facility on which construction begins after the effective date of
14this subsection .... [revisor inserts date], unless a competitive bidding process is used
15for the construction of the ethanol production facility.
AB100-ASA1-AA15,18,2221
560.607
(1) Evaluations of proposed technical research projects
under s.
22560.62.
AB100-ASA1-AA15,19,5
1560.61 Make At the request of the board, the department may make a grant
2or loan to an eligible recipient
for a project that meets the criteria for funding under
3s. 560.605 (1) and (2) and under s. 560.62, 560.63, 560.65 or 560.66, whichever is
4appropriate, from the appropriations under s. 20.143 (1) (c)
, (cb) and (ie)
for eligible
5activities.
AB100-ASA1-AA15,19,1412
560.68
(1m) The department shall establish criteria for the award of grants
13and loans under s. 560.61, including the types of projects that are eligible for funding
14and the types of eligible projects that will receive priority.
AB100-ASA1-AA15,19,1716
560.68
(2m) The department shall determine conditions applicable to a grant
17or loan under s. 560.61.
AB100-ASA1-AA15,19,2319
560.68
(3) The department may charge a grant or loan recipient an origination
20fee of
up to not more than 2% of the grant or loan amount if the grant or loan
equals
21or exceeds $200,000
and is awarded under s. 560.63 or 560.66. The department shall
22deposit all origination fees collected under this subsection in the appropriation
23account under s. 20.143 (1) (gm).
AB100-ASA1-AA15, s. 2415g
24Section 2415g. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and
25amended to read:
AB100-ASA1-AA15,20,3
1560.68
(5) (intro.) The department, with the approval of the board, shall
2develop procedures
to evaluate related to grants and loans under s. 560.61 for all of
3the following:
AB100-ASA1-AA15,20,4
4(b) Evaluating applications
, monitor
.
AB100-ASA1-AA15,20,5
5(c) Monitoring project performance
and audit.
AB100-ASA1-AA15,20,6
6(d) Auditing the grants and loans
awarded under this subchapter.
AB100-ASA1-AA15,20,88
560.68
(5) (a) Submitting applications for grants and loans.
AB100-ASA1-AA15,20,1310
560.68
(6) If appropriate, the The board
may shall require
that more, as a
11condition of a grant or loan, that a recipient contribute to a project an amount that
12is not less than 25% of the
cost of any project or category of projects be paid from funds
13not provided by this state amount of the grant or loan.
AB100-ASA1-AA15,20,1715
560.68
(7) (a) Publish and disseminate information about
the projects
under
16ss. 560.62 to 560.66 that may be funded by a grant or loan under s. 560.61 and
the 17about procedures for applying for grants and loans
under s. 560.61.
AB100-ASA1-AA15,20,2219
560.797
(2) (d)
The department may not designate more than 79 enterprise
20development zones unless the department obtains the approval of the joint
21committee on finance to do so. Of the enterprise development zones that the
22department designates, at least 10 shall be designated under par. (bg).
AB100-ASA1-AA15,21,324
560.797
(5) (b) When the department designates an area as an enterprise
25development zone under this section, the department shall establish a limit, not to
1exceed $3,000,000, for tax benefits for the enterprise development zone.
The total
2amount of tax benefits authorized under this paragraph for all enterprise
3development zones may not exceed $243,000,000.".
AB100-ASA1-AA15,21,10
6560.799 Super employment and economic development zone grant
7program. (1) Beginning on July 1, 2006, from the appropriation under s. 20.143
8(1) (cm), the department may award a grant to an eligible business that locates in an
9extremely depressed area designated under sub. (3) (a), for reimbursing the
10business's eligible costs, if all of the following apply:
AB100-ASA1-AA15,21,1211
(a) The department determines that the business will create not fewer than 100
12qualifying jobs in the extremely depressed area.
AB100-ASA1-AA15,21,1513
(b) The business enters into a written agreement with the department that
14specifies the conditions for use of the grant proceeds and in which the business agrees
15to do all of the following:
AB100-ASA1-AA15,21,1716
1. Compensate at a family-supporting wage not less than 90 percent of the
17employees in the qualifying jobs created under par. (a).
