AB40-ASA1, s. 2839 8Section 2839. 234.65 (3r) of the statutes is amended to read:
AB40-ASA1,1164,179 234.65 (3r) Any economic development loan which that a business receives
10from the authority under this section to finance a project shall require the business
11to submit to the department of commerce Wisconsin Economic Development
12Corporation
within 12 months after the project is completed or 2 years after a loan
13is issued to finance the project, whichever is sooner, on a form prescribed under s.
14560.034 234.11 (1), the net number of jobs eliminated, created, or maintained on the
15project site and elsewhere in this state as a result of the project. This subsection does
16not apply to an economic development loan to finance an economic development
17project described under s. 234.01 (4n) (c).
AB40-ASA1, s. 2840 18Section 2840. 234.65 (5) (intro.) of the statutes is amended to read:
AB40-ASA1,1164,2319 234.65 (5) (intro.) On or before July 1, 1985, and every July 1 thereafter, the
20department of commerce Wisconsin Economic Development Corporation shall
21submit to the chief clerk of each house of the legislature, for distribution to the
22appropriate standing committees under s. 13.172 (3), a report which shall address
23that addresses the effects of lending under this section in the following areas:
AB40-ASA1, s. 2840m 24Section 2840m. 234.75 of the statutes is created to read:
AB40-ASA1,1165,6
1234.75 Public affairs network loan guarantee program. (1) Definition.
2In this section, "public affairs network" means a nonprofit corporation organized
3under the laws of this state that has as its primary purpose the broadcast of
4proceedings of the legislature, including legislative committee meetings, and the
5reporting of events and activities related to politics in this state, through television,
6radio, the Internet, or similar communications media.
AB40-ASA1,1165,9 7(2) Guarantee requirements. The authority may use money from the
8Wisconsin development reserve fund to guarantee the unpaid principal of a loan
9under sub. (5) if all of the following apply:
AB40-ASA1,1165,1110 (a) The borrower applies for a loan guarantee on a form provided by the
11authority.
AB40-ASA1,1165,1312 (b) The loan is eligible for a guarantee under sub. (3), and any applicable
13requirements under sub. (5) are met.
AB40-ASA1,1165,1514 (c) The lender is the authority or a financial institution that enters into an
15agreement under s. 234.93 (2) (a).
AB40-ASA1,1165,17 16(3) Eligible loans. A loan is eligible for guarantee of collection under sub. (5)
17from the Wisconsin development reserve fund if all of the following apply:
AB40-ASA1,1165,1818 (a) The loan principal equals $5,000,000 or less.
AB40-ASA1,1165,1919 (b) The authority determines that the borrower is a public affairs network.
AB40-ASA1,1165,2120 (c) The borrower certifies that loan proceeds will be used for the borrower's
21operating expenses or expenses related to a capital project.
AB40-ASA1,1165,2322 (d) The borrower certifies that loan proceeds will not be used to refinance
23existing debt or for entertainment expenses.
AB40-ASA1,1166,3
1(e) The loan term is not less that 13 years, and the borrower is not required to
2to pay any principal or interest on the loan within the first 3 years after the loan is
3made.
AB40-ASA1,1166,54 (f) The terms of the loan authorize the lender to obtain a security interest in
5the real or personal property of the borrower to secure repayment of the loan.
AB40-ASA1,1166,9 6(4) Authority loan. The authority may make a loan to a public affairs network
7if the loan meets the eligibility requirements under sub. (3), except that the total
8principal amount of all loans that the authority makes under this subsection may not
9exceed $5,000,000.
AB40-ASA1,1166,14 10(5) Guarantee of repayment. (a) Subject to par. (b), the authority shall
11guarantee collection of all or part of the unpaid principal of a loan eligible for
12guarantee under sub. (3). The authority shall establish the amount of the unpaid
13principal of an eligible loan that will be guaranteed using the procedures described
14in the guarantee agreement under s. 234.93 (2) (a).
AB40-ASA1,1166,1515 (b) A loan guarantee under this subsection is subject to all of the following:
AB40-ASA1,1166,1716 1. The authority shall guarantee at least 90 percent of the unpaid principal of
17an eligible loan.
AB40-ASA1,1166,1918 2. The total principal amount of all loans guaranteed under this subsection may
19not exceed $5,000,000.
AB40-ASA1,1166,2420 3. Before the authority guarantees a loan under this subsection, the authority
21shall demonstrate to the satisfaction of the secretary of administration that there are
22sufficient moneys in the Wisconsin development reserve fund to guarantee the loan,
23or that there are sufficient moneys in the housing rehabilitation loan program
24administration fund that may be transferred under par. (c) to guarantee the loan.
AB40-ASA1,1167,4
1(c) Notwithstanding s. 234.51 (2), the authority may transfer moneys from the
2housing rehabilitation loan program administration fund to the Wisconsin
3development reserve fund for a loan guarantee under this subsection if all of the
4following conditions are met:
AB40-ASA1,1167,65 1. The authority determines that the transfer is necessary to secure the loan
6guarantee.
AB40-ASA1,1167,77 2. The transfer of moneys does not exceed $5,000,000.
AB40-ASA1,1167,108 3. Within 14 days after the transfer, the authority submits a report to the joint
9committee on finance that includes the amount of the transfer and a description of
10the circumstances surrounding the transfer.
AB40-ASA1, s. 2841 11Section 2841. 234.83 (1c) (b) of the statutes is amended to read:
AB40-ASA1,1167,1312 234.83 (1c) (b) "Small business" means a business, as defined in s. 560.60 (2)
1384.185 (1) (a), that employs 50 or fewer employees on a full-time basis.
AB40-ASA1, s. 2842 14Section 2842. 234.84 (1) of the statutes is amended to read:
AB40-ASA1,1167,1615 234.84 (1) Definition. In this section, "department" "corporation" means the
16department of commerce Wisconsin Economic Development Corporation.
AB40-ASA1, s. 2843 17Section 2843. 234.84 (3) (c) of the statutes is amended to read:
AB40-ASA1,1167,1918 234.84 (3) (c) The interest rate on the loan, including any origination fees or
19other charges, is approved by the department corporation.
AB40-ASA1, s. 2844 20Section 2844. 234.84 (4) (a) of the statutes is amended to read:
AB40-ASA1,1168,321 234.84 (4) (a) Subject to par. (b), the authority shall guarantee collection of a
22percentage of the principal of, and all interest and any other amounts outstanding
23on, any loan eligible for a guarantee under sub. (2). The department corporation
24shall establish the percentage of the principal of an eligible loan that will be
25guaranteed, using the procedures described in the agreement under s. 234.932 (3)

1(a). The department corporation may establish a single percentage for all
2guaranteed loans or establish different percentages for eligible loans on an
3individual basis.
AB40-ASA1, s. 2845 4Section 2845. 234.84 (5) (a) of the statutes is amended to read:
AB40-ASA1,1168,125 234.84 (5) (a) The program under this section shall be administered by the
6department corporation with the cooperation of the authority. The department
7corporation shall enter into a memorandum of understanding with the authority
8setting forth the respective responsibilities of the department corporation and the
9authority with regard to the administration of the program, including the functions
10and responsibilities specified in s. 234.932. The memorandum of understanding
11shall provide for reimbursement to the department corporation by the authority for
12costs incurred by the department corporation in the administration of the program.
AB40-ASA1, s. 2846 13Section 2846. 234.84 (5) (b) of the statutes is amended to read:
AB40-ASA1,1168,1614 234.84 (5) (b) The department corporation may charge a premium, fee, or other
15charge to a borrower of a guaranteed loan under this section for the administration
16of the loan guarantee.
AB40-ASA1, s. 2846c 17Section 2846c. 234.93 (1) (cm) of the statutes is amended to read:
AB40-ASA1,1168,2018 234.93 (1) (cm) Any moneys transferred under 1999 Wisconsin Act 9, section
199125 (1), or under s. 234.75 (5) (c), from the housing rehabilitation loan program
20administration fund.
AB40-ASA1, s. 2846g 21Section 2846g. 234.93 (4) (a) 2. of the statutes is amended to read:
AB40-ASA1,1169,222 234.93 (4) (a) 2. To fund guarantees under all of the programs guaranteed by
23funds from the Wisconsin development reserve fund, except for the program under
24s. 234.935, 1997 stats., and the program under s. 234.75, at a ratio of $1 of reserve

1funding to $4.50 of total outstanding principal and outstanding guaranteed principal
2that the authority may guarantee under all of those programs.
AB40-ASA1, s. 2646r 3Section 2646r. 234.93 (4) (a) 3. of the statutes is amended to read:
AB40-ASA1,1169,74 234.93 (4) (a) 3. To fund guarantees under the program under s. 234.935, 1997
5stats., and the program under s. 234.75 at a ratio of $1 of reserve funding to $4 of total
6principal and outstanding guaranteed principal that the authority may guarantee
7under that program.
AB40-ASA1, s. 2847 8Section 2847. 234.932 (1) of the statutes is repealed.
AB40-ASA1, s. 2848 9Section 2848. 234.932 (2) (a) of the statutes is amended to read:
AB40-ASA1,1169,1210 234.932 (2) (a) Moneys appropriated to the authority under s. 20.490 (6) (a) and
11(k) or
received by the authority for the Wisconsin job training reserve fund from any
12other source.
AB40-ASA1, s. 2849 13Section 2849. 234.932 (3) (a) (intro.) of the statutes is amended to read:
AB40-ASA1,1169,1914 234.932 (3) (a) (intro.) The authority or department shall enter into a
15guarantee agreement with any bank, production credit association, credit union,
16savings bank, savings and loan association, or other person who wishes to participate
17in the loan program guaranteed by the Wisconsin job training reserve fund. The
18authority or department may determine all of the following, consistent with the
19terms of the loan guarantee program:
AB40-ASA1, s. 2850 20Section 2850. 234.932 (3) (a) 2. of the statutes is amended to read:
AB40-ASA1,1169,2221 234.932 (3) (a) 2. Any conditions upon which the authority or department may
22refuse to enter into such an agreement.
AB40-ASA1, s. 2851 23Section 2851. 234.932 (3) (c) of the statutes is amended to read:
AB40-ASA1,1170,324 234.932 (3) (c) The department Wisconsin Economic Development Corporation
25may establish an eligibility criteria review panel, consisting of experts in finance and

1in the subject area of the job training loan guarantee program, to provide advice
2about lending requirements and issues related to the job training loan guarantee
3program.
AB40-ASA1, s. 2852 4Section 2852. 234.932 (4) of the statutes is amended to read:
AB40-ASA1,1170,155 234.932 (4) Increases or decreases in loan guarantees. The authority or
6department
may request the joint committee on finance to take action under s. 13.10
7to permit the authority to increase or decrease the total outstanding guaranteed
8principal amount of loans that it may guarantee under the job training loan
9guarantee program. Included with its request, the authority or department shall
10provide a projection, for the next June 30, that compares the amounts required on
11that date to pay outstanding claims and to fund guarantees under the job training
12loan guarantee program, and the balance remaining in the Wisconsin job training
13reserve fund on that date after deducting such amounts, if the increase or decrease
14is approved, with such amounts and the balance remaining, if the increase or
15decrease is not approved.
AB40-ASA1, s. 2853 16Section 2853. 234.932 (5) of the statutes is amended to read:
AB40-ASA1,1170,2017 234.932 (5) Annual report. Annually, the authority or department shall report
18on the number and total dollar amount of guaranteed loans under the job training
19loan guarantee program, the default rate on the loans and any other information on
20the program that the authority or department determines is significant.
AB40-ASA1, s. 2854 21Section 2854. 235.02 (2) (d) of the statutes is amended to read:
AB40-ASA1,1170,2322 235.02 (2) (d) The secretary of commerce, or the secretary's chief executive
23officer of the Wisconsin Economic Development Corporation, or his or her
designee.
AB40-ASA1, s. 2855 24Section 2855. 236.12 (2) (a) of the statutes is amended to read:
AB40-ASA1,1171,13
1236.12 (2) (a) Two copies for each of the state agencies required to review the
2plat to the department which shall examine the plat for compliance with ss. 236.15,
3236.16, 236.20 and 236.21 (1) and (2). If the subdivision abuts or adjoins a state trunk
4highway or connecting highway, the department shall transmit 2 copies to the
5department of transportation so that agency may determine whether it has any
6objection to the plat on the basis of its rules as provided in s. 236.13. If the subdivision
7is not served by a public sewer and provision for that service has not been made, the
8department shall transmit 2 copies to the department of commerce safety and
9professional services
so that that agency may determine whether it has any objection
10to the plat on the basis of its rules as provided in s. 236.13. In lieu of this procedure
11the agencies may designate local officials to act as their agents in examining the plats
12for compliance with the statutes or their rules by filing a written delegation of
13authority with the approving body.
AB40-ASA1, s. 2856 14Section 2856. 236.13 (1) (d) of the statutes is amended to read:
AB40-ASA1,1171,1815 236.13 (1) (d) The rules of the department of commerce safety and professional
16services
relating to lot size and lot elevation necessary for proper sanitary conditions
17in a subdivision not served by a public sewer, where provision for public sewer service
18has not been made;
AB40-ASA1, s. 2857 19Section 2857. 236.13 (2m) of the statutes is amended to read:
AB40-ASA1,1172,820 236.13 (2m) As a further condition of approval when lands included in the plat
21lie within 500 feet of the ordinary high-water mark of any navigable stream, lake
22or other body of navigable water or if land in the proposed plat involves lake or stream
23shorelands referred to in s. 236.16, the department of natural resources, to prevent
24pollution of navigable waters, or the department of commerce safety and professional
25services
, to protect the public health and safety, may require assurance of adequate

1drainage areas for private sewage disposal systems and building setback
2restrictions, or provisions by the owner for public sewage disposal facilities for
3waters of the state, as defined in s. 281.01 (18), industrial wastes, as defined in s.
4281.01 (5), and other wastes, as defined in s. 281.01 (7). The public sewage disposal
5facilities may consist of one or more systems as the department of natural resources
6or the department of commerce safety and professional services determines on the
7basis of need for prevention of pollution of the waters of the state or protection of
8public health and safety.
AB40-ASA1, s. 2858 9Section 2858. 236.335 of the statutes is amended to read:
AB40-ASA1,1172,17 10236.335 Prohibited subdividing; forfeit. No lot or parcel in a recorded plat
11may be divided, or used if so divided, for purposes of sale or building development if
12the resulting lots or parcels do not conform to this chapter, to any applicable
13ordinance of the approving authority or to the rules of the department of commerce
14safety and professional services under s. 236.13. Any person making or causing such
15a division to be made shall forfeit not less than $100 nor more than $500 to the
16approving authority, or to the state if there is a violation of this chapter or the rules
17of the department of commerce safety and professional services.
AB40-ASA1, s. 2859 18Section 2859. Subchapter I (title) of chapter 238 [precedes 238.01] of the
19statutes is created to read:
AB40-ASA1,1172,2020 chapter 238
AB40-ASA1,1172,2221 subchapter I
22 general provisions
AB40-ASA1, s. 2859m 23Section 2859m. 238.02 (4) of the statutes is created to read:
AB40-ASA1,1173,3
1238.02 (4) All powers and duties assigned to the corporation under this chapter
2shall be exercised or carried out by the board, unless the board delegates the power
3or duty to an employee of the corporation.
AB40-ASA1, s. 2860 4Section 2860. 238.08 of the statutes is created to read:
AB40-ASA1,1173,9 5238.08 Records of the corporation. All records of the corporation are open
6to the public as provided in s. 19.35 (1) except those records relating to pending
7grants, loans, or economic development projects that, in the opinion of the
8corporation, must remain confidential to protect the competitive nature of the grant,
9loan, or project.
AB40-ASA1, s. 2860m 10Section 2860m. 238.127 (2) (j) of the statutes is created to read:
AB40-ASA1,1173,1211 238.127 (2) (j) The corporation shall expend at least $250,000 annually on the
12state main street program.
AB40-ASA1, s. 2861 13Section 2861. 238.135 of the statutes is created to read:
AB40-ASA1,1173,18 14238.135 Grants to regional economic development organizations. The
15corporation shall award annual grants to regional economic development
16organizations to fund marketing activities. The amount of each grant may not exceed
17$100,000 or the amount of matching funds the organization obtains from sources
18other than the corporation or the state, whichever is less.
AB40-ASA1, s. 2862 19Section 2862. 238.145 of the statutes is created to read:
AB40-ASA1,1173,23 20238.145 Wisconsin-source assets exclusion; business certification. (1)
21The corporation shall implement a program to certify businesses for purposes of s.
2271.05 (25). A business shall submit an application to the corporation in each calendar
23year for which the business desires certification.
AB40-ASA1,1174,3
1(2) The corporation may certify a business if, in the business's taxable year
2ending immediately before the date of the business's application, all of the following
3are true:
AB40-ASA1,1174,64 (a) The amount of payroll compensation paid by the business in this state, as
5determined by the corporation, is equal to at least 50 percent of the amount of all
6payroll compensation paid by the business, as determined by the corporation.
AB40-ASA1,1174,107 (b) The value of real and tangible personal property owned or rented and used
8by the business in this state, as determined by the corporation, is equal to at least
950 percent of the value of all real and tangible personal property owned or rented and
10used by the business, as determined by the corporation.
AB40-ASA1,1174,13 11(3) The corporation shall notify the department of revenue of every certification
12issued under this section and of the date on which a certification is revoked or
13expires.
AB40-ASA1,1174,15 14(4) The corporation, in consultation with the department of revenue, may adopt
15rules for the administration of this section.
AB40-ASA1,1174,18 16(5) The corporation shall compile a list of businesses certified under this section
17and the taxable years for which the businesses are certified and shall make the list
18available to the public at the corporation's Internet Web site.
AB40-ASA1, s. 2863 19Section 2863. 238.146 of the statutes is created to read:
AB40-ASA1,1174,23 20238.146 Long-term Wisconsin capital assets deferral; business
21certification.
(1) The corporation shall implement a program to certify businesses
22for purposes of s. 71.05 (26). A business shall submit an application to the
23corporation in each calendar year for which the business desires certification.
Loading...
Loading...