SB409-AA6,9,2421
560.605
(7) (intro.) The
board department shall award not less than 35 percent
22of the total amount of grants and loans made under this subchapter to businesses in
23distressed areas. In this paragraph, "distressed area" means an area to which any
24of the following apply:
SB409-AA6,9,26
1560.605
(7) (f) As determined by the
board department, the area is affected by
2another factor that indicates the area is a distressed area.
SB409-AA6,10,6
4560.61 Wisconsin development fund.
At the request of the board, the The 5department may make a grant or loan to an eligible recipient from the appropriations
6under s. 20.143 (1) (c) and (ie).
SB409-AA6,10,118
560.68
(2) The department
, in cooperation with the board, shall actively
9encourage small businesses to apply for grants and loans under this subchapter by
10ensuring that there are no undue impediments to their participation and by assisting
11small businesses in preparing grant and loan applications.
SB409-AA6,10,1813
560.68
(4) The
board department shall develop a policy relating to obtaining
14reimbursement of grants and loans provided under this subchapter. The policy may
15provide that reimbursement shall be obtained through full repayment of the
16principal amount of the grant or loan plus interest, through receipt of a share of
17future profits from or an interest in a product or process, or through any other
18appropriate means.
SB409-AA6, s. 43v
19Section 43v. 560.68 (5) (intro.) of the statutes is amended to read:
SB409-AA6,10,2120
560.68
(5) (intro.) The department
, with the approval of the board, shall
21develop procedures related to grants and loans under s. 560.61 for all of the following:
SB409-AA6,11,223
560.68
(5m) The department
, with the approval of the board, shall establish
24and implement procedures for monitoring the use of grants and loans awarded under
25this subchapter, including procedures for verification of economic growth, job
1creation and the number and percentage of newly created jobs for which state
2residents are hired.
SB409-AA6,11,64
560.68
(6) The
board department shall require, as a condition of a grant or loan,
5that a recipient contribute to a project an amount that is not less than 25% of the
6amount of the grant or loan.
SB409-AA6, s. 43y
7Section 43y. 560.68 (7) (intro.) of the statutes is amended to read:
SB409-AA6,11,128
560.68
(7) (intro.) The department
, in cooperation with the board, shall
9encourage small businesses to apply for grants and loans under this subchapter by
10ensuring that there are no undue impediments to their participation and by actively
11encouraging small businesses to apply for grants and loans. The department shall
12do all of the following:
SB409-AA6,11,17
15"
(6) Reconciliation; loans to manufacturing businesses. If 2009 Wisconsin
16Act ... (Assembly Bill 904) is not enacted and if 2009 Wisconsin Act ... (Senate Bill
17651) is not enacted,
Sections 46 (1) (d) and 48 (3) of this act are void.".
SB409-AA6,11,20
188. Page 26, line 2: delete lines 2 to 5 and substitute "increased by $500,000 for
19the second fiscal year of the fiscal biennium in which this paragraph takes effect to
20increase funding for the purposes for which the appropriation is made.".
SB409-AA6,12,2
22"
(c) In the schedule under section 20.005 (3) of the statutes for the
23appropriation to the department of commerce under section 20.143 (1) (c) of the
24statutes, as affected by the acts of 2009, the dollar amount is increased by $2,000,000
1for the second fiscal year of the fiscal biennium in which this paragraph takes effect
2to provide funding for grants under
Section 45 (3) of this act.
SB409-AA6,12,11
3(d) In the schedule under section 20.005 (3) of the statutes for the appropriation
4to the department of commerce under section 20.143 (1) (c) of the statutes, as affected
5by the acts of 2010, the dollar amount is increased by an amount equal to the
6difference between $2,000,000 and the total amount of grants awarded under
7Section 45 (3) of this act as of June 30, 2011, to provide funding for loans to
8manufacturing businesses for implementing energy efficiency measures in their
9facilities, for retooling to manufacture products that support the green economy, for
10expanding or establishing domestic clean energy manufacturing, or for creating jobs
11or retaining workers engaged in the preceding activities.".
SB409-AA6,12,22
2014. Page 27, line 14: after that line, on page 7, line 7, of the material inserted
21by senate amendment 1, after "
ombudsman" insert "
and office of regulatory
22assistance".
SB409-AA6,13,3
115. Page 27, line 14: after that line, on page 7, line 13, of the material inserted
2by senate amendment 1, after "year" insert "for the purpose of performing the
3responsibilities assigned to the office of regulatory assistance under this act".
SB409-AA6,13,7
6"
(7) Required general fund balance. Section 20.003 (4) of the statutes does
7not apply to the action of the legislature in enacting this act.".
SB409-AA6,13,10
9"
(3) Loans to manufacturing businesses. Section 46 (1) (d) of this act takes
10effect on the 2nd day after publication of 2011-13 biennial budget act.".