Amendment SA1-AB40

AB40-SA1, s. 3385m Section 3385m. 560.301 of the statutes is renumbered 238.41 and 238.41 (intro.), (1), (2) (intro.), (4) (intro.) and (5), as renumbered, are amended to read:

AB40-SA1,19,18 238.41 Rules, policies, and standards for awarding grants and making loans. (intro.) The department corporation shall promulgate adopt rules that establish procedures, policies, and standards for implementing this subchapter and awarding grants and making loans under this subchapter. The rules shall include all of the following:

AB40-SA1,19,21 (1) A statement of the department's economic development objectives for the program under this subchapter, together with the goals and accountability measures required under s. 560.01 (2) (ae) of the corporation.

AB40-SA1,20,2 (2) (intro.) The methodology for designating an area as economically distressed. The methodology under this subsection shall require the department corporation to consider the most current data available for the area and for the state on the following indicators:

AB40-SA1,20,4 (4) (intro.) Procedures related to grants and loans under s. 560.304 238.44 for all of the following:

AB40-SA1,20,6 (5) Conditions applicable to a grant awarded or loan made under s. 560.304 238.44.

AB40-SA1, s. 3386m Section 3386m. 560.302 of the statutes is renumbered 238.42 and 238.42 (intro.) and (8), as renumbered, are amended to read:

AB40-SA1,20,11 238.42 Grant and loan criteria. (intro.) Upon receipt of an application by an eligible recipient, the department corporation may consider any of the following in determining whether to award a grant or make a loan under s. 560.304 238.44:

AB40-SA1,20,14 (8) Any other criteria established by the department by rule corporation, including the types of projects that are eligible for funding and the types of eligible projects that will receive priority.

AB40-SA1, s. 3387m Section 3387m. 560.303 of the statutes is repealed.

AB40-SA1, s. 3388m Section 3388m. 560.304 of the statutes is renumbered 238.44 and amended to read:

AB40-SA1,20,21 238.44 Forward innovation fund. The department corporation may award a grant or make a loan to an eligible recipient from the appropriations under s. 20.143 (1) (fi), (gm), and (io). The department shall consult with the board prior to awarding a grant or making a loan under this section.

AB40-SA1, s. 3389m Section 3389m. 560.305 of the statutes is renumbered 238.45 and 238.45 (1) (intro.) and (a), (2), (3) and (4), as renumbered, are amended to read:

AB40-SA1,21,3 238.45 (1) (intro.) The department corporation shall encourage small businesses to apply for grants and loans under this subchapter by ensuring that there are no undue impediments to their participation and by actively encouraging small businesses to apply for grants and loans. The department corporation shall do all of the following:

AB40-SA1,21,6 (a) Publish and disseminate information about projects that may be funded by a grant or loan under s. 560.304 238.44 and about procedures for applying for grants and loans under s. 560.304 238.44.

AB40-SA1,21,11 (2) The department corporation may charge a grant or loan recipient an origination fee of not more than 2 percent of the grant or loan amount if the grant or loan equals or exceeds $100,000. The department shall deposit all origination fees collected under this subsection into the appropriation account under s. 20.143 (1) (gm).

AB40-SA1,21,17 (3) The department corporation shall develop a policy relating to obtaining reimbursement of grants and loans provided under this subchapter. The policy may provide that reimbursement shall be obtained through full repayment of the principal amount of the grant or loan plus interest, through receipt of a share of future profits from or an interest in a product or process, or through any other appropriate means.

AB40-SA1,21,20 (4) The department corporation shall require, as a condition of a grant or loan, that a recipient contribute to a project an amount that is not less than 25 percent of the amount of the grant or loan.".

AB40-SA1,21,21 44. Page 1321, line 3: delete lines 3 to 8 and substitute:

AB40-SA1,21,23 " Section 3401m. 560.60 of the statutes is renumbered 238.60 and 238.60 (4), as renumbered, is amended to read:

AB40-SA1,22,2 238.60 (4) "Eligible recipient" means a governing body or a person who is eligible to receive a grant or loan under s. 560.61 238.61.

AB40-SA1, s. 3402m Section 3402m. 560.602 of the statutes is renumbered 238.602 and 238.602 (intro.) and (1), as renumbered, are amended to read:

AB40-SA1,22,8 238.602 Policies and standards for awarding grants and loans. (intro.) The department corporation shall promulgate adopt rules to establish policies and standards for awarding grants and loans under this subchapter. The rules shall include all of the following:

AB40-SA1,22,11 (1) A statement of the department's corporation's economic development policy that is consistent and coordinated with economic development policies expressed in the statutes and established by other state agencies.

AB40-SA1, s. 3403m Section 3403m. 560.605 of the statutes is renumbered 238.605 and 238.605 (1) (intro.), (2m) (intro.) and (h) and (7) (intro.) and (f), as renumbered are amended to read:

AB40-SA1,22,17 238.605 (1) (intro.) Upon receipt of an application by an eligible recipient, the department corporation may consider any of the following in determining whether to award a grant or loan under s. 560.61 238.61:

AB40-SA1,22,19 (2m) (intro.) When considering whether a project will be located in a targeted area, the department corporation may consider any of the following:

AB40-SA1,22,21 (h) Any other factor the department corporation considers to be an appropriate indicator of a targeted area.

AB40-SA1,22,25 (7) (intro.) The department corporation shall award not less than 35 percent of the total amount of grants and loans made under this subchapter to businesses in distressed areas. In this paragraph, "distressed area" means an area to which any of the following apply:

AB40-SA1,23,2 (f) As determined by the department corporation, the area is affected by another factor that indicates the area is a distressed area.

AB40-SA1, s. 3404m Section 3404m. 560.607 of the statutes is repealed.

AB40-SA1, s. 3405m Section 3405m. 560.61 of the statutes is renumbered 238.61 and amended to read:

AB40-SA1,23,8 238.61 Wisconsin development fund. The department corporation may make a grant or loan to an eligible recipient from the appropriations under s. 20.143 (1) (c) and (ie) under this subchapter.

AB40-SA1, s. 3406m Section 3406m. 560.68 of the statutes is renumbered 238.68 and 238.68 (1m), (2), (2m), (3), (4), (5) (intro.), (5m), (6), (7) (intro.) and (a), as renumbered, are amended to read:

AB40-SA1,23,14 238.68 (1m) The department corporation shall establish criteria for the award of grants and loans under s. 560.61 238.61, including the types of projects that are eligible for funding and the types of eligible projects that will receive priority.

AB40-SA1,23,18 (2) The department corporation shall actively encourage small businesses to apply for grants and loans under this subchapter by ensuring that there are no undue impediments to their participation and by assisting small businesses in preparing grant and loan applications.

AB40-SA1,23,20 (2m) The department corporation shall determine conditions applicable to a grant or loan under s. 560.61 238.61.

AB40-SA1,23,24 (3) The department corporation may charge a grant or loan recipient an origination fee of not more than 2% of the grant or loan amount if the grant or loan equals or exceeds $100,000. The department shall deposit all origination fees collected under this subsection in the appropriation account under s. 20.143 (1) (gm).

AB40-SA1,24,6 (4) The department corporation shall develop a policy relating to obtaining reimbursement of grants and loans provided under this subchapter. The policy may provide that reimbursement shall be obtained through full repayment of the principal amount of the grant or loan plus interest, through receipt of a share of future profits from or an interest in a product or process, or through any other appropriate means.

AB40-SA1,24,8 (5) (intro.) The department corporation shall develop procedures related to grants and loans under s. 560.61 238.61 for all of the following:

AB40-SA1,24,12 (5m) The department corporation shall establish and implement procedures for monitoring the use of grants and loans awarded under this subchapter, including procedures for verification of economic growth, job creation and the number and percentage of newly created jobs for which state residents are hired.

AB40-SA1,24,15 (6) The department corporation shall require, as a condition of a grant or loan, that a recipient contribute to a project an amount that is not less than 25% of the amount of the grant or loan.

AB40-SA1,24,19 (7) (intro.) The department corporation shall encourage small businesses to apply for grants and loans under this subchapter by ensuring that there are no undue impediments to their participation and by actively encouraging small businesses to apply for grants and loans. The department corporation shall do all of the following:

AB40-SA1,24,22 (a) Publish and disseminate information about projects that may be funded by a grant or loan under s. 560.61 238.61 and about procedures for applying for grants and loans under s. 560.61 238.61.".

AB40-SA1,24,23 45. Page 1458, line 18: after that line insert:

AB40-SA1,25,13 "(2f) Special committee to study condition of unemployment reserve fund. There is created a special committee to study the fiscal condition of the unemployment reserve fund. The committee shall consist of the speaker of the assembly, the minority leader of the assembly, and the senate majority and minority leaders. The director of the legislative fiscal bureau shall call the first meeting of the committee. At the first meeting, the committee shall elect cochairpersons. The legislative fiscal bureau and the department of workforce development shall provide staffing assistance to the committee. The committee shall explore alternatives and make recommendations to restore the unemployment reserve fund to a sound fiscal condition. The committee shall report its findings and recommendations, together with proposed legislative changes, to the governor, to the joint committee on finance, and to the appropriate standing committees of the legislature in the same manner as provided in section 13.172 (3) of the statutes, no later than December 31, 2011.".

AB40-SA1,25,14 46. Page 1493, line 4: after that line insert:

AB40-SA1,25,19 "(4f) University of Wisconsin System position authorizations. The authorized FTE positions for the Board of Regents of the University of Wisconsin System, funded from the appropriation under section 20.285 (1) (a) of the statutes, are increased by 15.0 GPR positions to provide faculty at the Wisconsin Institute for Discovery at the University of Wisconsin-Madison.".

AB40-SA1,25,20 47. Page 1502, line 19: after that line insert:

AB40-SA1,26,7 "(1f) Community action agencies; skills enhancement grants. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of children and families under section 20.437 (2) (fr) of the statutes, as affected by the acts of 2011, the dollar amount is increased by $250,000 for the first fiscal year of the fiscal biennium in which this subsection takes effect to provide funding for skills enhancement grants under section 49.265 (4) (cm) of the statutes. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of children and families under section 20.437 (2) (fr) of the statutes, as affected by the acts of 2011, the dollar amount is increased by $250,000 for the second fiscal year of the fiscal biennium in which this subsection takes effect to provide funding for skills enhancement grants under section 49.265 (4) (cm) of the statutes.".

AB40-SA1,26,8 48. Page 1518, line 24: after that line insert:

AB40-SA1,26,11 "(4f) Technical college advanced manufacturing skills training grants. The treatment of section 38.41 (3) (d) of the statutes first applies to individuals who are trained under grants made on the effective date of this subsection.".

AB40-SA1,26,12 49. Page 1520, line 21: delete lines 21 to 23.

AB40-SA1,26,13 50. Page 1531, line 5: delete "(by Section 241f)".

AB40-SA1,26,14 (End)