SB434,33,2323
(b) A minority business.
SB434, s. 90
24Section
90. 560.80 (5) (c) of the statutes is created to read:
SB434,34,2
1560.80
(5) (c) A person who is eligible to receive a grant under s. 560.82 (1m)
2(d) or (e).
SB434, s. 91
3Section
91. 560.80 (5m) of the statutes is amended to read:
SB434,34,54
560.80
(5m) "Finance project" means financial assistance to a minority group
5member or a minority business described in s.
560.837
560.82 (1m) (d) and (e).
SB434, s. 92
6Section
92. 560.81 (title) of the statutes is repealed.
SB434, s. 93
7Section
93. 560.81 (intro.) of the statutes is renumbered 560.82 (1g) and
8amended to read:
SB434,34,129
560.82
(1g) The department shall make a grant or loan to an eligible recipient
10or local development corporation under this
subchapter
section if
any of the following
11apply: the board awards a grant or loan to the eligible recipient or local development
12corporation under sub. (1m).
SB434, s. 94
13Section
94. 560.81 (1) to (4) of the statutes are repealed.
SB434, s. 95
14Section
95. 560.82 (title) of the statutes is amended to read:
SB434,34,15
15560.82 (title)
Minority business early planning grants and loans.
SB434, s. 96
16Section
96. 560.82 (1) of the statutes is renumbered 560.82 (1m) (intro.) and
17amended to read:
SB434,34,1918
560.82
(1m) (intro.)
Subject to s. 560.84, the department The board may award
19a grant
or loan under this section to
an any of the following:
SB434,34,21
20(a) Subject to s. 560.84, an eligible recipient
, as defined in s. 560.80 (5) (a), to
21fund an early planning project.
SB434, s. 97
22Section
97. 560.82 (1m) (b) and (c) of the statutes are created to read:
SB434,34,2523
560.82
(1m) (b) Subject to s. 560.84, an eligible recipient or local development
24corporation that submits application materials in a form specified by the department
25by rule to fund eligible development project costs.
SB434,35,2
1(c) A local development corporation to make grants or loans under sub. (2g) (a)
21. or to fund a revolving fund program under sub. (2g) (a) 2.
SB434, s. 98
3Section
98. 560.82 (2) (intro.) of the statutes is amended to read:
SB434,35,74
560.82
(2) (intro.) The
department
board may not award a grant
or loan under
5sub.
(1) (1m) (a) unless the eligible recipient
, as defined in s. 560.80 (5) (a), submits
6an application, in a form required by the department, that contains or describes all
7of the following:
SB434, s. 99
8Section
99. 560.82 (3) (intro.) of the statutes is amended to read:
SB434,35,119
560.82
(3) (intro.) An eligible recipient
, as defined in s. 560.80 (5) (a), who
10receives a grant
or loan under sub.
(1) (1m) (a) or s. 560.835 (6), 2001 stats., may only
11use the proceeds of the grant for the following purposes:
SB434, s. 100
12Section
100. 560.82 (4) (intro.) of the statutes is amended to read:
SB434,35,1413
560.82
(4) (intro.)
In any fiscal biennium, the department The board may not
14do any of the following:
SB434, s. 101
15Section
101. 560.82 (4) (a) (intro.) of the statutes is amended to read:
SB434,35,1716
560.82
(4) (a) (intro.) Award in a fiscal biennium, for grants
or loans under sub.
17(1) (1m) (a), more than 25% of the total of all of the following:
SB434, s. 102
18Section
102. 560.82 (4) (a) 2. of the statutes is amended to read:
SB434,35,2119
560.82
(4) (a) 2. The lesser of the funds received in a fiscal biennium in
20repayment of grants or loans under s. 560.83
, 2005 stats., and this section or the
21funds appropriated for the fiscal biennium under s. 20.143 (1) (im).
SB434, s. 103
22Section
103. 560.82 (4) (b) of the statutes is amended to read:
SB434,35,2523
560.82
(4) (b) Award
, in a fiscal biennium to any one eligible recipient
, as
24defined in s. 560.80 (5) (a), or for any one early planning project, grants
or loans under
25sub.
(1) (1m) (a) that total more than $15,000.
SB434, s. 104
1Section
104. 560.82 (5) (a) of the statutes is repealed.
SB434, s. 105
2Section
105. 560.82 (5) (b) of the statutes is renumbered 560.82 (5) and
3amended to read:
SB434,36,74
560.82
(5) If the
department board awards a grant
or loan under sub.
(1) (1m)
5(a), the department may contract directly with and pay grant
or loan proceeds
6directly to any person providing technical or management assistance to the grant
or
7loan recipient.
SB434, s. 106
8Section
106. 560.83 (title) of the statutes is repealed.
SB434, s. 107
9Section
107. 560.83 (1) of the statutes is repealed.
SB434, s. 108
10Section
108. 560.83 (2) of the statutes is renumbered 560.82 (2g).
SB434, s. 109
11Section
109. 560.83 (3) of the statutes is renumbered 560.82 (2g) (c) and
12amended to read:
SB434,36,1513
560.82
(2g) (c) The
board may not award a grant or loan under sub. (1) or (2)
14unless the eligible recipient or the local development corporation submits an
15application, or other materials, in a form specified by the department by rule.
SB434, s. 110
16Section
110. 560.83 (4) (a) of the statutes is renumbered 560.82 (4) (c) and
17amended to read:
SB434,36,2118
560.82
(4) (c)
In Award in any fiscal biennium
, the board may not award, to any
19one eligible recipient or local development corporation or for any one development
20project, grants or loans under sub.
(1) (1m) (b) that total more than $100,000 in a
21fiscal biennium.
SB434, s. 111
22Section
111. 560.83 (4) (b) of the statutes is renumbered 560.82 (4) (d) and
23amended to read:
SB434,37,3
1560.82
(4) (d)
In Award, in any fiscal year
, the board may not award to any one
2local development corporation
, grants or loans under sub.
(2) (1m) (c) that total more
3than $200,000.
SB434, s. 112
4Section
112. 560.83 (5) of the statutes is repealed.
SB434, s. 113
5Section
113. 560.837 (1) (intro.) of the statutes is renumbered 560.82 (1m) (d)
6(intro.) and amended to read:
SB434,37,107
560.82
(1m) (d) (intro.) Subject to s. 560.84,
the board may award a grant under
8this subsection to a nonprofit organization or private financial institution, as defined
9in s. 234.01 (5k), whether or not for profit, to fund a finance project if all of the
10following apply:
SB434, s. 114
11Section
114. 560.837 (1) (a) of the statutes is renumbered 560.82 (1m) (d) 1.
SB434, s. 115
12Section
115. 560.837 (1) (b) of the statutes is renumbered 560.82 (1m) (d) 2.
13and amended to read:
SB434,37,1514
560.82
(1m) (d) 2. The loans for working capital under
par. (a) 1. subd. 1. a. do
15not exceed $5,000.
SB434, s. 116
16Section
116. 560.837 (2) of the statutes is renumbered 560.82 (1m) (e).
SB434, s. 117
17Section
117. 560.84 (1) (intro.) of the statutes is amended to read:
SB434,37,2118
560.84
(1) (intro.) The
department or board may not award a grant or loan for
19a project under this subchapter unless, after considering the application or other
20material submitted by the eligible recipient or local development corporation, the
21department or board determines all of the following:
SB434, s. 118
22Section
118. 560.84 (1) (b) 1. of the statutes is amended to read:
SB434,37,2423
560.84
(1) (b) 1. If an early planning project
under s. 560.82, that the project
24will increase employment in this state.
SB434, s. 119
25Section
119. 560.84 (1) (e) 1. of the statutes is amended to read:
SB434,38,6
1560.84
(1) (e) 1. For grants funding early planning projects under s. 560.82
(1m)
2(a), not less than 25% of the cost of the project. Up to 50% of the contribution under
3this subdivision may be in the form of the in-kind services of a qualified 3rd party
4or qualified 3rd parties. The department shall determine what services may be used
5as in-kind contributions and whether a 3rd party is qualified, for purposes of this
6subdivision.
SB434, s. 120
7Section
120. 560.84 (1) (f) of the statutes is amended to read:
SB434,38,98
560.84
(1) (f) That the project meets all
applicable criteria set forth in s. 560.82
,
9560.83, or 560.837, whichever is appropriate.
SB434, s. 121
10Section
121. 560.84 (2) (a) 1. of the statutes is amended to read:
SB434,38,1211
560.84
(2) (a) 1. If an early planning project
under s. 560.82, the extent to which
12the project will increase employment in this state.
SB434, s. 122
13Section
122. 560.85 (2) of the statutes is amended to read:
SB434,38,1714
560.85
(2) The board shall develop a policy governing the repayment of grants
15and loans made under s.
560.83 560.82 (1m) (b) and (c). The board or department
16shall deposit moneys received in repayment of grants and loans under s.
560.83 17560.82 (1m) (b) and (c) in the appropriation under s. 20.143 (1) (im).
SB434, s. 123
18Section
123. 560.85 (3) (a) of the statutes is amended to read:
SB434,38,2119
560.85
(3) (a) Develop procedures to evaluate applications and monitor project
20performance for grants awarded for early planning projects under s. 560.82
(1m) (a) 21or s. 560.835 (6), 2001 stats.
SB434, s. 124
22Section
124. 560.85 (3) (b) of the statutes is amended to read:
SB434,39,223
560.85
(3) (b) Develop procedures, with the approval of the board, to evaluate
24applications, monitor project performance
, and audit grants and loans awarded for
25development projects under s.
560.83 560.82 (1m) (b), projects under s. 560.835, 2001
1stats., and finance projects and education and training projects under s.
560.837
2560.82 (1m) (d) and (e).
SB434, s. 125
3Section
125. 560.905 (2) of the statutes is amended to read:
SB434,39,104
560.905
(2) The standing committees of the senate and assembly with
5jurisdiction over science and technology shall advise the department concerning the
6administration of this subchapter. The department shall consider the advice of the
7committees in carrying out the functions under this subchapter.
Annually, the
8department shall submit a report on the department's activities to the chief clerk of
9each house of the legislature for distribution under s. 13.172 (3) to the standing
10committees with jurisdiction over science and technology.
SB434, s. 127
12Section
127. 560.915 of the statutes is repealed.
SB434, s. 128
13Section
128. 560.925 of the statutes is repealed.
SB434, s. 129
14Section
129. 560.935 of the statutes is repealed.
SB434,39,1816
(1)
The unencumbered balance in the appropriation account under section
1720.143 (1) (x), 2005 stats., is transferred to the appropriation account under section
1820.143 (1) (c) of the statutes.