Amendment JR1 AA6-AB6

AB6-AA6,3,14 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or ch. 52, 231, 232, 233, 234, 235, 237, 238, or 279.".

AB6-AA6,3,15 3. Page 18, line 20: after that line insert:

AB6-AA6,3,18 "(3) "Economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs.".

AB6-AA6,3,19 4. Page 19, line 12: after " of board." insert "(1)".

AB6-AA6,3,20 5. Page 19, line 17: after that line insert:

AB6-AA6,3,22 "(2) For each program developed and implemented by the board, the board shall do all of the following:

AB6-AA6,3,24 (a) Establish clear and measurable goals for the program that are tied to statutory or programmatic policy objectives.

AB6-AA6,4,2 (b) Establish at least one quantifiable benchmark for each program goal described in par. (a).

AB6-AA6,4,6 (c) Require that each recipient of a grant or loan under the program submit a report to the corporation. Each contract with a recipient of a grant or loan under the program must specify the frequency and format of the report to be submitted to the corporation and the performance measures to be included in the report.

AB6-AA6,4,9 (d) Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in pars. (a) and (b).

AB6-AA6,4,11 (e) Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under par. (c).

AB6-AA6,4,13 (3) The board shall require for each program developed and implemented by the board all of the following:

AB6-AA6,4,20 (a) That each recipient of a grant or loan under the program of at least $100,000 submit to the corporation a verified statement describing the recipient's expenditure of the grant or loan funds, signed by both an independent certified public accountant and the director or principal officer of the recipient to attest to the accuracy of the verified statement. The board shall also require the recipient of such a grant or loan to make available for inspection the documents supporting the verified statement. The board must include the requirement in the contract with grant or loan recipients.

AB6-AA6,4,24 (b) That the board, if a recipient of a grant or loan under the program submits false or misleading information to the corporation or fails to comply with the terms of a contract entered into with the corporation, without providing satisfactory explanation for the noncompliance, do all of the following:

AB6-AA6,4,25 1. Recoup payments made to the recipient.

AB6-AA6,5,1 2. Withhold future payments to be made to the recipient.

AB6-AA6,5,2 3. Impose a financial penalty on the recipient.".

AB6-AA6,5,3 6. Page 21, line 1: delete lines 1 to 4 and substitute:

AB6-AA6,5,8 "238.07 Submission of annual reports to legislature. (1) Annually, by January 1, the board shall submit to the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2), a report identifying the economic development projects that the board intends to develop and implement during the current calendar year.

AB6-AA6,5,13 (2) Annually, no later than October l, the board shall submit to the joint legislative audit committee and the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2), a report for the previous fiscal year on each of the economic development programs of the corporation that contains all of the following:

AB6-AA6,5,14 (a) A description of each program.

AB6-AA6,5,15 (b) A comparison of expected and actual program outcomes.

AB6-AA6,5,16 (c) The number of grants made under the program.

AB6-AA6,5,17 (d) The number of loans made under the program.

AB6-AA6,5,18 (e) The amount of each grant and loan made under the program.

AB6-AA6,5,19 (f) The recipient of each grant or loan made under the program.

AB6-AA6,5,21 (g) The sum total of all grants and loans awarded to and received by each recipient under the program.

AB6-AA6,5,22 (h) Any recommended changes to the program.

AB6-AA6,5,24 (3) The board shall make readily accessible to the public on an Internet-based system the information required under sub. (2).".

AB6-AA6,6,1 7. Page 22, line 9: after that line insert:

AB6-AA6,6,2 " Section 9455. Effective dates; Other.

AB6-AA6,6,4 (1m) Dual employment. The treatment of section 16.417 (1) (a) (by Section 15d) and (b) of the statutes takes effect on January 1, 2012.".

AB6-AA6,6,5 (End)