560.14 (1) (ar) "Brownfields" has the meaning given in s. 560.60 (1v) 560.13 (1) (a).
SECTION 13. 560.145 of the statutes is repealed.
SECTION 14. 560.147 of the statutes is repealed.
SECTION 15. 560.15 (2) (d) of the statutes is repealed.
SECTION 16. 560.16 of the statutes is repealed.
SECTION 17. 560.17 (1) (am) of the statutes is amended to read:
560.17 (1) (am) "Brownfields" has the meaning given in s. 560.60 (1v) 560.13 (1) (a).
SECTION 18. 560.17 (1) (bm) of the statutes is amended to read:
560.17 (1) (bm) "Job" has the meaning given in s. 560.60 (10) means a position providing full-time equivalent employment. "Job" does not include initial training before an employment position begins.
SECTION 19. 560.175 of the statutes is repealed.
SECTION 20. 560.26 of the statutes is repealed.
SECTION 21. 560.60 (1m) of the statutes is repealed.
SECTION 22. 560.60 (1v) of the statutes is repealed.
SECTION 23. 560.60 (3) of the statutes is repealed.
SECTION 24. 560.60 (3m) of the statutes is created to read:
560.60 (3m) "Eligible activities" means any of the following:
(a) Capital financing.
(b) Worker training.
(c) Entrepreneurial development.
(d) Providing assistance to technology-based businesses or to businesses at a foreign trade show or event.
(e) Promoting urban or regional economic development.
(f) Establishing revolving loan funds.
(g) Providing working capital.
(h) Promoting employee ownership through all of the following:
1. Conducting feasibility studies to investigate the reorganization or new incorporation of existing businesses as employee-owned businesses.
2. Implementing feasibility studies under subd. 1.
SECTION 25. 560.60 (4) of the statutes is amended to read:
560.60 (4) "Eligible recipient" means a governing body or a person who is eligible to receive a grant or loan under s. 560.62, a grant or loan under s. 560.63 or a grant or loan under s. 560.65 560.61.
SECTION 26. 560.60 (8) of the statutes is repealed.
SECTION 27. 560.60 (10) of the statutes is repealed.
SECTION 28. 560.60 (11) of the statutes is repealed.
SECTION 29. 560.60 (13) of the statutes is repealed.
SECTION 30. 560.60 (15) of the statutes is amended to read:
560.60 (15) "Small business" means a business operating for profit, with 250 or fewer than 100 employees, including employees of any subsidiary or affiliated organization.
SECTION 31. 560.60 (17) of the statutes is repealed.
SECTION 32. 560.60 (18m) of the statutes is repealed.
SECTION 33. 560.605 (1) (intro.) of the statutes is amended to read:
560.605 (1) (intro.) The Upon receipt of an application by an eligible recipient, the board may consider any of the following in determining whether to award a grant or loan under s. 560.61 upon the receipt and consideration of an application by an eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all of the following:
SECTION 34. 560.605 (1) (a) of the statutes is amended to read:
560.605 (1) (a) The Whether the project serves a public purpose.
SECTION 35. 560.605 (1) (b) of the statutes is amended to read:
560.605 (1) (b) The Whether the project will retain or increase employment in this state.
SECTION 36. 560.605 (1) (c) of the statutes is amended to read:
560.605 (1) (c) The Whether the project is not likely to might not occur without the grant or loan.
SECTION 37. 560.605 (1) (d) of the statutes is amended to read:
560.605 (1) (d) Financing Whether financing is unavailable available from any other another source on reasonably equivalent terms.
SECTION 38. 560.605 (1) (e) of the statutes is amended to read:
560.605 (1) (e) Except as provided in s. 560.68 (6), the eligible recipient receiving the grant or loan will contribute, from The extent to which the project will be financed with funds not provided by this state, not less than 25% of the cost of the project.
SECTION 39. 560.605 (1) (f) of the statutes is repealed.
SECTION 40. 560.605 (1) (g) of the statutes is amended to read:
560.605 (1) (g) Funds Whether funds from the grant or loan under s. 560.62, 560.63, 560.65 or 560.66 will be used to pay overhead costs, except as provided in s. 560.65 (1m) (b), or to replace funds from any other another source.
SECTION 41. 560.605 (1) (h) of the statutes is amended to read:
560.605 (1) (h) The Whether the project will not displace any workers in this state.
SECTION 42. 560.605 (1) (i) of the statutes is repealed.
****NOTE: This is reconciled s. 560.605 (1) (i). This SECTION has been affected by drafts with the following LRB numbers: -0774 and -1594.
SECTION 43. 560.605 (2) (intro.) of the statutes is repealed.
SECTION 44. 560.605 (2) (a) of the statutes is renumbered 560.605 (1) (j).
SECTION 45. 560.605 (2) (b) of the statutes is renumbered 560.605 (1) (k).
SECTION 46. 560.605 (2) (c) of the statutes is renumbered 560.605 (1) (L).
SECTION 47. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m) and amended to read:
560.605 (1) (m) The financial soundness of the business eligible recipient.
SECTION 48. 560.605 (2) (e) of the statutes is renumbered 560.605 (1) (n).
SECTION 49. 560.605 (2) (f) of the statutes is renumbered 560.605 (1) (o).
SECTION 50. 560.605 (2m) (intro.) of the statutes is amended to read:
560.605 (2m) (intro.) When considering whether a project under s. 560.62, 560.63 or 560.66 will be located in a targeted area, the board shall may consider all any of the following:
SECTION 51. 560.605 (2m) (c) of the statutes is repealed.
SECTION 52. 560.605 (2m) (d) of the statutes is repealed.
SECTION 53. 560.605 (2m) (e) of the statutes is repealed.
SECTION 54. 560.605 (4) of the statutes is repealed.
SECTION 55. 560.605 (5) of the statutes is repealed.
SECTION 56. 560.605 (5m) of the statutes is repealed.
SECTION 57. 560.605 (6) of the statutes is repealed.
SECTION 58. 560.607 (1) of the statutes is amended to read:
560.607 (1) Evaluations of proposed technical research projects under s. 560.62.
SECTION 59. 560.61 (intro.) of the statutes is repealed.
SECTION 60. 560.61 (1) of the statutes is renumbered 560.61 and amended to read:
560.61 Make At the request of the board, the department may 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. 560.62, 560.63, 560.65 or 560.66, whichever is appropriate, from the appropriations under s. 20.143 (1) (c), (cb) and (ie) for eligible activities.
SECTION 61. 560.61 (3) of the statutes is repealed.
SECTION 62. 560.62 of the statutes is repealed.
SECTION 63. 560.63 of the statutes is repealed.
SECTION 64. 560.65 of the statutes is repealed.
SECTION 65. 560.66 of the statutes is repealed.
SECTION 66. 560.68 (1m) of the statutes is created to read:
560.68 (1m) The department shall establish criteria for the award of grants and loans under s. 560.61, including the types of projects that are eligible for funding and the types of eligible projects that will receive priority.
SECTION 67. 560.68 (2m) of the statutes is created to read:
560.68 (2m) The department shall determine conditions applicable to a grant or loan under s. 560.61.
SECTION 68. 560.68 (3) of the statutes is amended to read:
560.68 (3) The department may charge a grant or loan recipient an origination fee of up to not more than 2% of the grant or loan amount if the grant or loan equals or 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).
SECTION 69. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and amended to read:
560.68 (5) (intro.) The department, with the approval of the board, shall develop procedures to evaluate related to grants and loans under s. 560.61 for all of the following:
