AB741,13,1211 2. The program provides financial assistance, tax benefits, or direct services to
12specific industries, businesses, local governments, or organizations.
AB741,13,1413 (b) The board, in consultation with the department of commerce, shall do all
14of the following for each economic development program administered by the board:
AB741,13,1615 1. Establish clear and measurable goals for the program that are tied to
16statutory policy objectives.
AB741,13,1817 2. Establish at least one quantifiable benchmark for each program goal
18described in subd. 1.
AB741,13,2219 3. Require that each recipient of a grant or loan under the program submit a
20report to the board. Each contract with a recipient of a grant or loan under the
21program shall specify the frequency and format of the report to be submitted to the
22board and the performance measures to be included in the report.
AB741,13,2523 4. Establish a method for evaluating the projected results of the program with
24actual outcomes as determined by evaluating the information described in subds. 1.
25and 2.
AB741,14,2
15. Annually and independently verify, from a sample of grants and loans, the
2accuracy of the information required to be reported under subd. 3.
AB741,14,93 6. Establish by rule a requirement that the recipient of a grant or loan under
4the program of at least $100,000 submit to the board a verified statement signed by
5both an independent certified public accountant licensed or certified under ch. 442
6and the director or principal officer of the recipient to attest to the accuracy of the
7verified statement, and make available for inspection the documents supporting the
8verified statement. The board shall include the requirement established by rule
9under this subdivision in the contract entered into by a grant or loan recipient.
AB741,14,1410 7. Establish by rule policies and procedures permitting the board to do all of
11the following if a recipient of a grant or loan or tax benefits under the program
12submits false or misleading information to the board or fails to comply with the terms
13of a contract entered into with the board under the program and fails to provide to
14the satisfaction of the board an explanation for the noncompliance:
AB741,14,1515 a. Recoup payments made to the recipient.
AB741,14,1616 b. Withhold payments to be made to the recipient.
AB741,14,1717 c. Impose a fine or penalty on the recipient.
AB741, s. 18 18Section 18. 38.04 (10m) of the statutes is created to read:
AB741,15,219 38.04 (10m) Economic development assistance reporting. Annually, no later
20than October 1, the board shall submit to the joint legislative audit committee and
21to the appropriate standing committees of the legislature under s. 13.172 (3) a
22comprehensive report assessing economic development programs, as defined in sub.
23(1m) (a), administered by the board. The report shall include all of the information
24required under s. 560.01 (2) (am). The board shall collaborate with the department

1of commerce to make readily accessible to the public on an Internet-based system
2the information required under this subsection.
AB741, s. 19 3Section 19. 41.11 (1g) of the statutes is created to read:
AB741,15,84 41.11 (1g) Goals and accountability measures for economic development
5programs.
(a) In this subsection, "economic development program" means a program
6or activity having the primary purpose of encouraging the establishment and growth
7of business in this state, including the creation and retention of jobs, and that
8satisfies all of the following:
AB741,15,109 1. The program receives funding from the state or federal government that is
10allocated through an appropriation under ch. 20.
AB741,15,1211 2. The program provides financial assistance, tax benefits, or direct services to
12specific industries, businesses, local governments, or organizations.
AB741,15,1513 (b) The department, in consultation with the department of commerce, shall
14do all of the following for each economic development program administered by the
15department:
AB741,15,1716 1. Establish clear and measurable goals for the program that are tied to
17statutory policy objectives.
AB741,15,1918 2. Establish at least one quantifiable benchmark for each program goal
19described in subd. 1.
AB741,15,2320 3. Require that each recipient of a grant or loan under the program submit a
21report to the department. Each contract with a recipient of a grant or loan under the
22program shall specify the frequency and format of the report to be submitted to the
23department and the performance measures to be included in the report.
AB741,16,3
14. Establish a method for evaluating the projected results of the program with
2actual outcomes as determined by evaluating the information described in subds. 1.
3and 2.
AB741,16,54 5. Annually and independently verify, from a sample of grants and loans, the
5accuracy of the information required to be reported under subd. 3.
AB741,16,136 6. Establish by rule a requirement that the recipient of a grant or loan under
7the program of at least $100,000 submit to the department a verified statement
8signed by both an independent certified public accountant licensed or certified under
9ch. 442 and the director or principal officer of the recipient to attest to the accuracy
10of the verified statement, and make available for inspection the documents
11supporting the verified statement. The department shall include the requirement
12established by rule under this subdivision in the contract entered into by a grant or
13loan recipient.
AB741,16,1814 7. Establish by rule policies and procedures permitting the department to do
15all of the following if a recipient of a grant or loan or tax benefits under the program
16submits false or misleading information to the department or fails to comply with the
17terms of a contract entered into with the department under the program and fails to
18provide to the satisfaction of the department an explanation for the noncompliance:
AB741,16,1919 a. Recoup payments made to the recipient.
AB741,16,2020 b. Withhold payments to be made to the recipient.
AB741,16,2121 c. Impose a fine or penalty on the recipient.
AB741, s. 20 22Section 20. 41.11 (1r) of the statutes is created to read:
AB741,17,523 41.11 (1r) Economic development assistance reporting. Annually, no later
24than October 1, the department shall submit to the joint legislative audit committee
25and to the appropriate standing committees of the legislature under s. 13.172 (3) a

1comprehensive report assessing economic development programs, as defined in sub.
2(1g) (a), administered by the department. The report shall include all of the
3information required under s. 560.01 (2) (am). The department shall collaborate with
4the department of commerce to make readily accessible to the public on an
5Internet-based system the information required under this subsection.
AB741, s. 21 6Section 21. 84.01 (6m) of the statutes is created to read:
AB741,17,117 84.01 (6m) Goals and accountability measures for economic development
8programs.
(a) In this subsection, "economic development program" means a program
9or activity having the primary purpose of encouraging the establishment and growth
10of business in this state, including the creation and retention of jobs, and that
11satisfies all of the following:
AB741,17,1312 1. The program receives funding from the state or federal government that is
13allocated through an appropriation under ch. 20.
AB741,17,1514 2. The program provides financial assistance, tax benefits, or direct services to
15specific industries, businesses, local governments, or organizations.
AB741,17,1816 (b) The department, in consultation with the department of commerce, shall
17do all of the following for each economic development program administered by the
18department:
AB741,17,2019 1. Establish clear and measurable goals for the program that are tied to
20statutory policy objectives.
AB741,17,2221 2. Establish at least one quantifiable benchmark for each program goal
22described in subd. 1.
AB741,18,223 3. Require that each recipient of a grant or loan under the program submit a
24report to the department. Each contract with a recipient of a grant or loan under the

1program shall specify the frequency and format of the report to be submitted to the
2department and the performance measures to be included in the report.
AB741,18,53 4. Establish a method for evaluating the projected results of the program with
4actual outcomes as determined by evaluating the information described in subds. 1
5and 2.
AB741,18,76 5. Annually and independently verify, from a sample of grants and loans, the
7accuracy of the information required to be reported under subd. 3.
AB741,18,158 6. Establish by rule a requirement that the recipient of a grant or loan under
9the program of at least $100,000 submit to the department a verified statement
10signed by both an independent certified public accountant licensed or certified under
11ch. 442 and the director or principal officer of the recipient to attest to the accuracy
12of the verified statement, and make available for inspection the documents
13supporting the verified statement. The department shall include the requirement
14established by rule under this subdivision in the contract entered into by a grant or
15loan recipient.
AB741,18,2016 7. Establish by rule policies and procedures permitting the department to do
17all of the following if a recipient of a grant or loan or tax benefits under the program
18submits false or misleading information to the department or fails to comply with the
19terms of a contract entered into with the department under the program and fails to
20provide to the satisfaction of the department an explanation for the noncompliance:
AB741,18,2121 a. Recoup payments made to the recipient.
AB741,18,2222 b. Withhold payments to be made to the recipient.
AB741,18,2323 c. Impose a fine or penalty on the recipient.
AB741, s. 22 24Section 22. 84.01 (11m) of the statutes is created to read:
AB741,19,8
184.01 (11m) Economic development assistance reporting. Annually, no later
2than October 1, the department shall submit to the joint legislative audit committee
3and to the appropriate standing committees of the legislature under s. 13.172 (3) a
4comprehensive report assessing economic development programs, as defined in sub.
5(6m) (a), administered by the department. The report shall include all of the
6information required under s. 560.01 (2) (am). The department shall collaborate
7with the department of commerce to make readily accessible to the public on an
8Internet-based system the information required under this subsection.
AB741, s. 23 9Section 23. 93.07 (18) of the statutes is created to read:
AB741,19,1410 93.07 (18) Goals and accountability measures for economic development
11programs.
(a) In this subsection, "economic development program" means a program
12or activity having the primary purpose of encouraging the establishment and growth
13of business in this state, including the creation and retention of jobs, and that
14satisfies all of the following:
AB741,19,1615 1. The program receives funding from the state or federal government that is
16allocated through an appropriation under ch. 20.
AB741,19,1817 2. The program provides financial assistance, tax benefits, or direct services to
18specific industries, businesses, local governments, or organizations.
AB741,19,2119 (b) In consultation with the department of commerce, to do all of the following
20for each economic development program administered by the department of
21agriculture, trade and consumer protection:
AB741,19,2322 1. Establish clear and measurable goals for the program that are tied to
23statutory policy objectives.
AB741,19,2524 2. Establish at least one quantifiable benchmark for each program goal
25described in subd. 1.
AB741,20,4
13. Require that each recipient of a grant or loan under the program submit a
2report to the department. Each contract with a recipient of a grant or loan under the
3program shall specify the frequency and format of the report to be submitted to the
4department and the performance measures to be included in the report.
AB741,20,75 4. Establish a method for evaluating the projected results of the program with
6actual outcomes as determined by evaluating the information described in subds. 1.
7and 2.
AB741,20,98 5. Annually and independently verify, from a sample of grants and loans, the
9accuracy of the information required to be reported under subd. 3.
AB741,20,1710 6. Establish by rule a requirement that the recipient of a grant or loan under
11the program of at least $100,000 submit to the department a verified statement
12signed by both an independent certified public accountant licensed or certified under
13ch. 442 and the director or principal officer of the recipient to attest to the accuracy
14of the verified statement, and make available for inspection the documents
15supporting the verified statement. The department shall include the requirement
16established by rule under this subdivision in the contract entered into by a grant or
17loan recipient.
AB741,20,2218 7. Establish by rule policies and procedures permitting the department to do
19all of the following if a recipient of a grant or loan or tax benefits under the program
20submits false or misleading information to the department or fails to comply with the
21terms of a contract entered into with the department under the program and fails to
22provide to the satisfaction of the department an explanation for the noncompliance:
AB741,20,2323 a. Recoup payments made to the recipient.
AB741,20,2424 b. Withhold payments to be made to the recipient.
AB741,20,2525 c. Impose a fine or penalty on the recipient.
AB741, s. 24
1Section 24. 93.07 (20) of the statutes is created to read:
AB741,21,92 93.07 (20) Economic development assistance reporting. Annually, no later
3than October 1, to submit to the joint legislative audit committee and to the
4appropriate standing committees of the legislature under s. 13.172 (3) a
5comprehensive report assessing economic development programs, as defined in sub.
6(18) (a), administered by the department. The report shall include all of the
7information required under s. 560.01 (2) (am). The department shall collaborate
8with the department of commerce to make readily accessible to the public on an
9Internet-based system the information required under this subsection.
AB741, s. 25 10Section 25. 93.46 (2) (e) of the statutes is amended to read:
AB741,21,1211 93.46 (2) (e) The department may not make a grant under this subsection or
12s. 93.47
that exceeds 75 percent of project costs.
AB741, s. 26 13Section 26. 93.47 of the statutes is repealed.
AB741, s. 27 14Section 27. 234.03 (2m) of the statutes is amended to read:
AB741,21,1615 234.03 (2m) To issue notes and bonds in accordance with ss. 234.08, 234.40,
16234.50, 234.60, 234.61, 234.626, 234.63, and 234.65 , and 234.66.
AB741, s. 28 17Section 28. 234.032 of the statutes is created to read:
AB741,21,22 18234.032 Goals and accountability measures for economic development
19programs.
(1) In this section, "economic development program" means a program
20or activity having the primary purpose of encouraging the establishment and growth
21of business in this state, including the creation and retention of jobs, and that
22satisfies all of the following:
AB741,21,2423 (a) The program receives funding from the state or federal government that is
24allocated through an appropriation under ch. 20.
AB741,22,2
1(b) The program provides financial assistance, tax benefits, or direct services
2to specific industries, businesses, local governments, or organizations.
AB741,22,5 3(2) The authority, in consultation with the department of commerce, shall do
4all of the following for each economic development program administered by the
5authority:
AB741,22,76 (a) Establish clear and measurable goals for the program that are tied to
7statutory policy objectives.
AB741,22,98 (b) Establish at least one quantifiable benchmark for each program goal
9described in par. (a).
AB741,22,1310 (c) Require that each recipient of a grant or loan under the program submit a
11report to the authority. Each contract with a recipient of a grant or loan under the
12program shall specify the frequency and format of the report to be submitted to the
13authority and the performance measures to be included in the report.
AB741,22,1614 (d) Establish a method for evaluating the projected results of the program with
15actual outcomes as determined by evaluating the information described in pars. (a)
16and (b).
AB741,22,1817 (e) Annually and independently verify, from a sample of grants and loans, the
18accuracy of the information required to be reported under par. (c).
AB741,22,2519 (f) Establish by rule a requirement that the recipient of a grant or loan under
20the program of at least $100,000 submit to the authority a verified statement signed
21by both an independent certified public accountant licensed or certified under ch. 442
22and the director or principal officer of the recipient to attest to the accuracy of the
23verified statement, and make available for inspection the documents supporting the
24verified statement. The authority shall include the requirement established by rule
25under this paragraph in the contract entered into by a grant or loan recipient.
AB741,23,5
1(g) Establish by rule policies and procedures permitting the authority to do all
2of the following if a recipient of a grant or loan or tax benefits under the program
3submits false or misleading information to the board or fails to comply with the terms
4of a contract entered into with the authority under the program and fails to provide
5to the satisfaction of the authority an explanation for the noncompliance:
AB741,23,66 1. Recoup payments made to the recipient.
AB741,23,77 2. Withhold payments to be made to the recipient.
AB741,23,88 3. Impose a fine or penalty on the recipient.
AB741, s. 29 9Section 29. 234.255 of the statutes is created to read:
AB741,23,17 10234.255 Economic development assistance reporting. Annually, no later
11than October 1, the authority shall submit to the joint legislative audit committee
12and to the appropriate standing committees of the legislature under s. 13.172 (3) a
13comprehensive report assessing economic development programs, as defined in s.
14234.032 (1), administered by the authority. The report shall include all of the
15information required under s. 560.01 (2) (am). The authority shall collaborate with
16the department of commerce to make readily accessible to the public on an
17Internet-based system the information required under this section.
AB741, s. 30 18Section 30. 234.265 (2) of the statutes is amended to read:
AB741,23,2519 234.265 (2) Records or portions of records consisting of personal or financial
20information provided by a person seeking a grant or loan under s. 234.04, 234.08,
21234.49, 234.59, 234.61, 234.63, 234.65, 234.67, 234.83, 234.84, 234.90, 234.905,
22234.907, or 234.91, seeking a loan under ss. 234.621 to 234.626, seeking financial
23assistance under s. 234.66, 2005 stats., seeking investment of funds under s. 234.03
24(18m), or in which the authority has invested funds under s. 234.03 (18m), unless the
25person consents to disclosure of the information.
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