SB434, s. 24
1Section
24. 93.07 (20) of the statutes is created to read:
SB434,21,92
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.
SB434, s. 25
10Section
25. 93.46 (2) (e) of the statutes is amended to read:
SB434,21,1211
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.
SB434, s. 26
13Section
26. 93.47 of the statutes is repealed.
SB434, s. 27
14Section
27. 234.03 (2m) of the statutes is amended to read:
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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.
SB434, s. 28
17Section
28. 234.032 of the statutes is created to read:
SB434,21,22
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:
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(a) The program receives funding from the state or federal government that is
24allocated through an appropriation under ch. 20.
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1(b) The program provides financial assistance, tax benefits, or direct services
2to specific industries, businesses, local governments, or organizations.
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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:
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(a) Establish clear and measurable goals for the program that are tied to
7statutory policy objectives.
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(b) Establish at least one quantifiable benchmark for each program goal
9described in par. (a).
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(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.
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(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).
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(e) Annually and independently verify, from a sample of grants and loans, the
18accuracy of the information required to be reported under par. (c).
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(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.
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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:
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1. Recoup payments made to the recipient.
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2. Withhold payments to be made to the recipient.
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3. Impose a fine or penalty on the recipient.
SB434, s. 29
9Section
29. 234.255 of the statutes is created to read:
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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.
SB434, s. 30
18Section
30. 234.265 (2) of the statutes is amended to read:
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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.
SB434, s. 31
1Section
31. 234.40 (4) of the statutes is amended to read:
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234.40
(4) The limitations established in ss. 234.18, 234.50, 234.60, 234.61,
3234.63,
and 234.65
, and 234.66 are not applicable to bonds issued under the
4authority of this section. The authority may not have outstanding at any one time
5bonds for veterans housing loans in an aggregate principal amount exceeding
6$61,945,000, excluding bonds being issued to refund outstanding bonds.
SB434, s. 32
7Section
32. 234.50 (4) of the statutes is amended to read:
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234.50
(4) The limitations established in ss. 234.18, 234.40, 234.60, 234.61,
9234.63,
and 234.65
, and 234.66 are not applicable to bonds issued under the
10authority of this section. The authority may not have outstanding at any one time
11bonds for housing rehabilitation loans in an aggregate principal amount exceeding
12$100,000,000, excluding bonds being issued to refund outstanding bonds. The
13authority shall consult with and coordinate the issuance of bonds with the building
14commission prior to the issuance of bonds.
SB434, s. 33
15Section
33. 234.60 (2) of the statutes is amended to read:
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234.60
(2) The limitations in ss. 234.18, 234.40, 234.50, 234.61, 234.63,
and 17234.65
, and 234.66 do not apply to bonds or notes issued under this section.
SB434, s. 34
18Section
34. 234.61 (1) of the statutes is amended to read:
SB434,25,219
234.61
(1) Upon the authorization of the department of health and family
20services, the authority may issue bonds or notes and make loans for the financing of
21housing projects which are residential facilities as defined in s. 46.28 (1) (d) and the
22development costs of those housing projects, if the department of health and family
23services has approved the residential facilities for financing under s. 46.28 (2). The
24limitations in ss. 234.18, 234.40, 234.50, 234.60, 234.63,
and 234.65
, and 234.66 do
1not apply to bonds or notes issued under this section. The definition of "nonprofit
2corporation" in s. 234.01 (9) does not apply to this section.
SB434, s. 35
3Section
35. 234.63 (2) (b) of the statutes is amended to read:
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234.63
(2) (b) The limits in ss. 234.18
(1), 234.40, 234.50, 234.60, 234.61,
and 5234.65
, and 234.66 do not apply to bonds issued under par. (a).
SB434, s. 36
6Section
36. 234.65 (1) (b) of the statutes is amended to read:
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234.65
(1) (b) The limits in ss. 234.18, 234.40, 234.50, 234.60,
and 234.61
, and
8234.66 do not apply to bonds or notes issued under this section.
SB434, s. 37
9Section
37. 234.66 of the statutes is repealed.
SB434, s. 38
10Section
38. 560.001 (1m) of the statutes is created to read:
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560.001
(1m) "Economic development program" means a program or activity
12having the primary purpose of encouraging the establishment and growth of
13business in this state, including the creation and retention of jobs, and that satisfies
14all of the following:
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(a) The program receives funding from the state or federal government that is
16allocated through an appropriation under ch. 20.
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(b) The program provides financial assistance, tax benefits, or direct services
18to specific industries, businesses, local governments, or organizations.
SB434, s. 39
19Section
39. 560.01 (2) (ae) of the statutes is created to read:
SB434,25,2220
560.01
(2) (ae)
Goals and accountability measures for economic development
21programs. The department shall do all of the following for each economic
22development program administered by the department:
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1. Establish clear and measurable goals for the program that are tied to
24statutory policy objectives.
SB434,26,2
12. Establish at least one quantifiable benchmark for each program goal
2described in subd. 1.
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3. Require that each recipient of a grant or loan under the program submit a
4report to the department. Each contract with a recipient of a grant or loan under the
5program shall specify the frequency and format of the report to be submitted to the
6department and the performance measures to be included in the report.
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4. Establish a method for evaluating the projected results of the program with
8actual outcomes as determined by evaluating the information described in subds. 1.
9and 2.
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5. Annually and independently verify, from a sample of grants and loans, the
11accuracy of the information required to be reported under subd. 3.
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6. Establish by rule a requirement that the recipient of a grant or loan under
13the program of at least $100,000 submit to the department a verified statement
14signed by both an independent certified public accountant licensed or certified under
15ch. 442 and the director or principal officer of the recipient to attest to the accuracy
16of the verified statement, and make available for inspection the documents
17supporting the verified statement. The department shall include the requirement
18established by rule under this subdivision in the contract entered into by a grant or
19loan recipient.
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7. Establish by rule policies and procedures permitting the department to do
21all of the following if a recipient of a grant or loan or tax benefits under the program
22submits false or misleading information to the department or fails to comply with the
23terms of a contract entered into with the department under the program and fails to
24provide to the satisfaction of the department an explanation for the noncompliance:
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a. Recoup payments made to the recipient.
SB434,27,1
1b. Withhold payments to be made to the recipient.
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c. Impose a fine or penalty on the recipient.
SB434, s. 40
3Section
40. 560.01 (2) (am) of the statutes is created to read:
SB434,27,104
560.01
(2) (am)
Economic development assistance reporting. Annually, no later
5than October 1, the department shall submit to the joint legislative audit committee
6and to the appropriate standing committees of the legislature under s. 13.172 (3) a
7comprehensive report assessing economic development programs administered by
8the department. The department shall make readily accessible to the public on an
9Internet-based system the information required under this paragraph. The report
10shall include all of the following information:
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1. A description of each program.
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2. Quantifiable performance measures directly related to the purpose of the
13program including, when applicable, all of the following information:
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a. An accounting of the location, by municipality, of each job created or retained
15in the state in the previous fiscal year as a result of the program.
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b. An accounting of the industry classification, by municipality, of each job
17created or retained in the state in the previous fiscal year as a result of the program.
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3. A comparison of expected and actual program outcomes.
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4. The number of grants made under the program in the previous fiscal year.
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5. The number of loans made under the program in the previous fiscal year.
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6. The amount of each grant and loan made under the program in the previous
22fiscal year.
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7. The recipient of each grant or loan made under the program in the previous
24fiscal year.
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18. The sum total of all grants and loans awarded to and received by each
2recipient under the program in the previous fiscal year.
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9. Any recommended changes to the program.
SB434, s. 41
4Section
41. 560.01 (2) (as) of the statutes is created to read:
SB434,28,105
560.01
(2) (as)
Coordination of economic development program goals and
6accountability measures; annual reporting requirements. 1. The department of
7commerce shall coordinate the development of programmatic goals and
8accountability measures as required under ss. 23.167, 36.09 (1) (am), 38.04 (1m),
941.11 (1g), 84.01 (6m), 93.07 (18), and 234.032 to ensure that the goals and measures
10are adequate, compatible, and effective.
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2. The department of commerce shall collaborate with the department of
12natural resources, the Board of Regents of the University of Wisconsin System, the
13technical college system board, the department of tourism, the department of
14transportation, the department of agriculture, trade, and consumer protection, and
15the Wisconsin housing and economic development authority to facilitate the
16reporting required under ss. 23.169, 36.11 (29r), 38.04 (10m), 41.11 (1r), 84.01 (11m),
1793.07 (20), and 234.255.
SB434, s. 42
18Section
42. 560.03 (15) of the statutes is repealed.
SB434, s. 43
19Section
43. 560.038 of the statutes is repealed.
SB434, s. 44
20Section
44. 560.039 of the statutes is repealed.
SB434, s. 45
21Section
45. 560.07 (3) (b) of the statutes is renumbered 560.07 (8) (intro.) and
22amended to read:
SB434,29,523
560.07
(8) (intro.) Contract with Forward Wisconsin, Inc., if the secretary
24determines it appropriate, to pay Forward Wisconsin, Inc., an amount not to exceed
25the amount appropriated under s. 20.143 (1) (bm), to establish and implement a
1nationwide business development promotion campaign to attract persons interested
2in locating new enterprises in this state, and to encourage the retention and
3expansion of businesses and jobs in this state. Funds may be expended to carry out
4the contract only as provided in s. 16.501.
The department shall establish all of the
5following for the nationwide business development promotion campaign:
SB434, s. 46
6Section
46. 560.07 (8) (a) of the statutes is created to read:
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560.07
(8) (a) Clear and measurable goals tied to statutory policy objectives.
SB434, s. 47
8Section
47. 560.07 (8) (b) of the statutes is created to read:
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560.07
(8) (b) At least one quantifiable performance measure for each goal
10described in par. (a).
SB434, s. 48
11Section
48. 560.07 (8) (c) of the statutes is created to read:
SB434,29,1312
560.07
(8) (c) A method for evaluating the projected results with actual
13outcomes as determined by evaluating the information described in pars. (a) and (b).
SB434, s. 49
14Section
49. 560.07 (9) of the statutes is amended to read:
SB434,29,2215
560.07
(9) On or before July 1, 1985, and every July 1 thereafter, submit to the
16chief clerk of each house of the legislature, for distribution to the appropriate
17standing committees under s. 13.172 (3), a Include in the report
stating the net jobs
18gain due to required under s. 560.01 (2) (am) an assessment of the nationwide
19business development promotion activities conducted by Forward Wisconsin, Inc.,
20with the funds provided to Forward Wisconsin, Inc., under s. 20.143 (1) (bm).
The
21assessment shall address the goals and performance measures established pursuant
22to sub. (3) (b).
SB434, s. 50
23Section
50. 560.10 of the statutes is repealed.
SB434, s. 51
24Section
51. 560.11 (1) (b) of the statutes is repealed.
SB434, s. 52
25Section
52. 560.13 (7) of the statutes is repealed.
SB434, s. 53
1Section
53. 560.137 (1) (a) of the statutes is repealed.
SB434, s. 54
2Section
54. 560.137 (1) (b) of the statutes is renumbered 560.138 (1) (at).