SB40-ASA1,1484,1414 (h) Promoting employee ownership through all of the following:
SB40-ASA1,1484,1615 1. Conducting feasibility studies to investigate the reorganization or new
16incorporation of existing businesses as employee-owned businesses.
SB40-ASA1,1484,1717 2. Implementing feasibility studies under subd. 1.
SB40-ASA1, s. 2726 18Section 2726. 560.60 (4) of the statutes is amended to read:
SB40-ASA1,1484,2119 560.60 (4) "Eligible recipient" means a governing body or a person who is
20eligible to receive a grant or loan under s. 560.62, a grant or loan under s. 560.63 or
21a grant or loan under s. 560.65
560.61.
SB40-ASA1, s. 2727 22Section 2727. 560.60 (8) of the statutes is repealed.
SB40-ASA1, s. 2728 23Section 2728. 560.60 (10) of the statutes is repealed.
SB40-ASA1, s. 2729 24Section 2729. 560.60 (11) of the statutes is repealed.
SB40-ASA1, s. 2730 25Section 2730. 560.60 (13) of the statutes is repealed.
SB40-ASA1, s. 2731
1Section 2731. 560.60 (15) of the statutes is amended to read:
SB40-ASA1,1485,42 560.60 (15) "Small business" means a business operating for profit, with 250
3or
fewer than 100 employees, including employees of any subsidiary or affiliated
4organization.
SB40-ASA1, s. 2732 5Section 2732. 560.60 (17) of the statutes is repealed.
SB40-ASA1, s. 2733 6Section 2733. 560.60 (18m) of the statutes is repealed.
SB40-ASA1, s. 2734 7Section 2734. 560.605 (1) (intro.) of the statutes is amended to read:
SB40-ASA1,1485,128 560.605 (1) (intro.) The Upon receipt of an application by an eligible recipient,
9the
board may consider any of the following in determining whether to award a grant
10or loan under s. 560.61 upon the receipt and consideration of an application by an
11eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all
12of the following
:
SB40-ASA1, s. 2735 13Section 2735. 560.605 (1) (a) of the statutes is amended to read:
SB40-ASA1,1485,1414 560.605 (1) (a) The Whether the project serves a public purpose.
SB40-ASA1, s. 2736 15Section 2736. 560.605 (1) (b) of the statutes is amended to read:
SB40-ASA1,1485,1716 560.605 (1) (b) The Whether the project will retain or increase employment in
17this state.
SB40-ASA1, s. 2737 18Section 2737. 560.605 (1) (c) of the statutes is amended to read:
SB40-ASA1,1485,2019 560.605 (1) (c) The Whether the project is not likely to might not occur without
20the grant or loan.
SB40-ASA1, s. 2738 21Section 2738. 560.605 (1) (d) of the statutes is amended to read:
SB40-ASA1,1485,2322 560.605 (1) (d) Financing Whether financing is unavailable available from any
23other
another source on reasonably equivalent terms.
SB40-ASA1, s. 2739 24Section 2739. 560.605 (1) (e) of the statutes is amended to read:
SB40-ASA1,1486,4
1560.605 (1) (e) Except as provided in s. 560.68 (6), the eligible recipient
2receiving the grant or loan will contribute, from
The extent to which the project will
3be financed with
funds not provided by this state, not less than 25% of the cost of the
4project
.
SB40-ASA1, s. 2740 5Section 2740. 560.605 (1) (f) of the statutes is repealed.
SB40-ASA1, s. 2741 6Section 2741. 560.605 (1) (g) of the statutes is amended to read:
SB40-ASA1,1486,97 560.605 (1) (g) Funds Whether funds from the grant or loan under s. 560.62,
8560.63, 560.65 or 560.66
will not be used to pay overhead costs, except as provided
9in s. 560.65 (1m) (b),
or to replace funds from any other another source.
SB40-ASA1, s. 2742 10Section 2742. 560.605 (1) (h) of the statutes is amended to read:
SB40-ASA1,1486,1211 560.605 (1) (h) The Whether the project will not displace any workers in this
12state.
SB40-ASA1, s. 2743 13Section 2743. 560.605 (1) (i) of the statutes is repealed.
SB40-ASA1, s. 2744 14Section 2744. 560.605 (1) (p) of the statutes is amended to read:
SB40-ASA1,1486,1715 560.605 (1) (p) For an ethanol production facility on which construction begins
16after July 27, 2005, whether a competitive bidding process is used for the
17construction of the ethanol production facility.
SB40-ASA1, s. 2745 18Section 2745. 560.605 (2) (intro.) of the statutes is repealed.
SB40-ASA1, s. 2746 19Section 2746. 560.605 (2) (a) of the statutes is renumbered 560.605 (1) (j).
SB40-ASA1, s. 2747 20Section 2747. 560.605 (2) (b) of the statutes is renumbered 560.605 (1) (k).
SB40-ASA1, s. 2748 21Section 2748. 560.605 (2) (c) of the statutes is renumbered 560.605 (1) (L).
SB40-ASA1, s. 2749 22Section 2749. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m) and
23amended to read:
SB40-ASA1,1486,2424 560.605 (1) (m) The financial soundness of the business eligible recipient.
SB40-ASA1, s. 2750 25Section 2750. 560.605 (2) (e) of the statutes is renumbered 560.605 (1) (n).
SB40-ASA1, s. 2751
1Section 2751. 560.605 (2) (f) of the statutes is renumbered 560.605 (1) (o).
SB40-ASA1, s. 2752 2Section 2752. 560.605 (2m) (intro.) of the statutes is amended to read:
SB40-ASA1,1487,53 560.605 (2m) (intro.) When considering whether a project under s. 560.62,
4560.63 or 560.66
will be located in a targeted area, the board shall may consider all
5any of the following:
SB40-ASA1, s. 2753 6Section 2753. 560.605 (2m) (c) of the statutes is repealed.
SB40-ASA1, s. 2754 7Section 2754. 560.605 (2m) (d) of the statutes is repealed.
SB40-ASA1, s. 2755 8Section 2755. 560.605 (2m) (e) of the statutes is repealed.
SB40-ASA1, s. 2756 9Section 2756. 560.605 (4) of the statutes is repealed.
SB40-ASA1, s. 2757 10Section 2757. 560.605 (5) of the statutes is repealed.
SB40-ASA1, s. 2758 11Section 2758. 560.605 (5m) of the statutes is repealed.
SB40-ASA1, s. 2759 12Section 2759. 560.605 (6) of the statutes is repealed.
SB40-ASA1, s. 2760 13Section 2760. 560.607 (1) of the statutes is amended to read:
SB40-ASA1,1487,1514 560.607 (1) Evaluations of proposed technical research projects under s.
15560.62
.
SB40-ASA1, s. 2761 16Section 2761. 560.61 (intro.) and (1) of the statutes are consolidated,
17renumbered 560.61 and amended to read:
SB40-ASA1,1487,22 18560.61 Wisconsin development fund. At the request of the board, the
19department shall do all of the following: (1) Make may make a grant or loan to an
20eligible recipient for a project that meets the criteria for funding under s. 560.605 (1)
21and (2) and under s. 560.62, 560.63, 560.65 or 560.66, whichever is appropriate,
from
22the appropriations under s. 20.143 (1) (c) and (ie).
SB40-ASA1, s. 2762 23Section 2762. 560.61 (3) of the statutes is repealed.
SB40-ASA1, s. 2763 24Section 2763. 560.62 of the statutes is repealed.
SB40-ASA1, s. 2764 25Section 2764. 560.63 of the statutes is repealed.
SB40-ASA1, s. 2765
1Section 2765. 560.65 of the statutes is repealed.
SB40-ASA1, s. 2766 2Section 2766. 560.66 of the statutes is repealed.
SB40-ASA1, s. 2767 3Section 2767. 560.68 (1m) of the statutes is created to read:
SB40-ASA1,1488,64 560.68 (1m) The department shall establish criteria for the award of grants
5and loans under s. 560.61, including the types of projects that are eligible for funding
6and the types of eligible projects that will receive priority.
SB40-ASA1, s. 2768 7Section 2768. 560.68 (2m) of the statutes is created to read:
SB40-ASA1,1488,98 560.68 (2m) The department shall determine conditions applicable to a grant
9or loan under s. 560.61.
SB40-ASA1, s. 2769 10Section 2769. 560.68 (3) of the statutes is amended to read:
SB40-ASA1,1488,1511 560.68 (3) The department may charge a grant or loan recipient an origination
12fee of up to not more than 2% of the grant or loan amount if the grant or loan equals
13or
exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall
14deposit all origination fees collected under this subsection in the appropriation
15account under s. 20.143 (1) (gm).
SB40-ASA1, s. 2770 16Section 2770. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and
17amended to read:
SB40-ASA1,1488,2018 560.68 (5) (intro.) The department, with the approval of the board, shall
19develop procedures to evaluate related to grants and loans under s. 560.61 for all of
20the following:
SB40-ASA1,1488,21 21(b) Evaluating applications, monitor .
SB40-ASA1,1488,22 22(c) Monitoring project performance and audit.
SB40-ASA1,1488,23 23(d) Auditing the grants and loans awarded under this subchapter.
SB40-ASA1, s. 2771 24Section 2771. 560.68 (5) (a) of the statutes is created to read:
SB40-ASA1,1488,2525 560.68 (5) (a) Submitting applications for grants and loans.
SB40-ASA1, s. 2772
1Section 2772. 560.68 (6) of the statutes is amended to read:
SB40-ASA1,1489,52 560.68 (6) If appropriate, the The board may shall require that more, as a
3condition of a grant or loan, that a recipient contribute to a project an amount that
4is not less
than 25% of the cost of any project or category of projects be paid from funds
5not provided by this state
amount of the grant or loan.
SB40-ASA1, s. 2773 6Section 2773. 560.68 (7) (a) of the statutes is amended to read:
SB40-ASA1,1489,97 560.68 (7) (a) Publish and disseminate information about the projects under
8ss. 560.62 to 560.66
that may be funded by a grant or loan under s. 560.61 and the
9about procedures for applying for grants and loans under s. 560.61.
SB40-ASA1, s. 2774 10Section 2774. 560.795 (2) (a) of the statutes is amended to read:
SB40-ASA1,1489,2211 560.795 (2) (a) Except as provided in par. (d), the designation of each area under
12sub. (1) (a), (b), and (c) as a development opportunity zone shall be effective for 36
13months, with the designation of the areas under sub. (1) (a) and (b) beginning on
14April 23, 1994, and the designation of the area under sub. (1) (c) beginning on
15April 28, 1995. Except as provided in par. (d), the designation of each area under sub.
16(1) (d), and (e), and (f) as a development opportunity zone shall be effective for 84
17months, with the designation of the area under sub. (1) (d) beginning on
18January 1, 2000, and the designations designation of the areas area under sub. (1)
19(e) and (f) beginning on September 1, 2001. Except as provided in par. (d), the
20designation of the area under sub. (1) (f) as a development opportunity zone shall be
21effective for 108 months, with the designation of the area under sub. (1) (f) beginning
22on September 1, 2001.
SB40-ASA1, s. 2775 23Section 2775. 560.795 (2) (b) 6. of the statutes is amended to read:
SB40-ASA1,1489,2524 560.795 (2) (b) 6. The limit for tax benefits for the development opportunity
25zone under sub. (1) (f) is $4,700,000 $6,700,000.
SB40-ASA1, s. 2776
1Section 2776. 560.799 (6) (e) of the statutes is created to read:
SB40-ASA1,1490,42 560.799 (6) (e) The department shall determine the maximum amount of the
3tax credits under ss. 71.07 (3w), 71.28 (3w), and 71.47 (3w) that a certified business
4may claim and shall notify the department of revenue of this amount.
SB40-ASA1, s. 2777 5Section 2777. 560.799 (6) (f) of the statutes is created to read:
SB40-ASA1,1490,76 560.799 (6) (f) The department shall annually verify the information submitted
7to the department under ss. 71.07 (3w), 71.28 (3w), or 71.47 (3w).
SB40-ASA1, s. 2778 8Section 2778. 560.9806 (1) (a) 3. of the statutes is amended to read:
SB40-ASA1,1490,99 560.9806 (1) (a) 3. A community action agency under s. 46.30 49.265.
SB40-ASA1, s. 2779 10Section 2779. 562.05 (1e) of the statutes is amended to read:
SB40-ASA1,1490,1711 562.05 (1e) If an applicant for a license under this section is an individual who
12does not have a social security number, the applicant shall submit to the department
13with his or her application a statement made or subscribed under oath or affirmation
14that the applicant does not have a social security number. The form of the statement
15shall be prescribed by the department of workforce development children and
16families
. A license issued in reliance upon a false statement submitted under this
17subsection is invalid.
SB40-ASA1, s. 2780 18Section 2780. 562.05 (5) (a) 9. of the statutes is amended to read:
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