AB56,1865 18Section 1865. 234.41 (2) of the statutes is amended to read:
AB56,952,2319 234.41 (2) The authority shall use moneys in the fund for the purpose of
20purchasing loans representing veterans housing loans pursuant to s. 45.37, 2017
21stats
. All disbursements of funds under this section for purchasing mortgage loans
22shall be made payable to authorized lenders as defined in s. 45.31 (3), 2017 stats.,
23and eligible persons as defined in s. 45.31 (5), 2017 stats.
AB56,1866 24Section 1866. 234.43 (2) (c) of the statutes is amended to read:
AB56,953,2
1234.43 (2) (c) For repayment of advances from the state made through s. 20.485
2(3) (b), 2017 stats;
AB56,1867 3Section 1867. 238.02 (1) of the statutes is amended to read:
AB56,953,234 238.02 (1) There is created an authority, which is a public body corporate and
5politic, to be known as the “Wisconsin Economic Development Corporation." The
6members of the board shall consist of 6 members nominated by the governor, and
7with the advice and consent of the senate appointed, to serve at the pleasure of the
8governor; 4 3 members appointed by the speaker of the assembly, consisting of one
9majority and one minority party representative to the assembly, appointed as are the
10members of standing committees in the assembly, and one person employed in the
11private sector,
to serve 4-year terms; one member appointed by the minority leader
12of the assembly to serve a 4-year term; 4
at the speaker's pleasure; and 3 members
13appointed by the senate majority leader, consisting of one majority and one minority
14party senator, appointed as are members of standing committees in the senate, and
15one person employed in the private sector,
to serve 4-year terms; and one member
16appointed by the minority leader of the senate to serve a 4-year term. Neither the
17speaker of the assembly nor the senate majority leader may appoint more than 2
18members of the legislature to the board
at the majority leader's pleasure. The
19secretary of administration and the secretary of revenue shall also serve on the board
20as nonvoting members. The board shall elect a chairperson from among its
21nonlegislative voting members. A vacancy on the board shall be filled in the same
22manner as the original appointment to the board for the remainder of the unexpired
23term, if any.
AB56,1868 24Section 1868 . 238.02 (2) of the statutes is amended to read:
AB56,954,5
1238.02 (2) A majority of the appointed voting members of the board currently
2serving
constitutes a quorum for the purpose of conducting its business and
3exercising its powers and for all other purposes, notwithstanding the existence of any
4vacancies
. Action may be taken by the board upon a vote of a majority of the
5appointed voting members present.
AB56,1869 6Section 1869. 238.04 (15) of the statutes is repealed.
AB56,1870 7Section 1870. 238.07 (1) of the statutes is amended to read:
AB56,954,118 238.07 (1) Annually, by January October 1, the board shall submit to the chief
9clerk of each house of the legislature, for distribution to the legislature under s.
1013.172 (2), a report identifying the economic development projects that the board
11intends to develop and implement during the current calendar fiscal year.
AB56,1871 12Section 1871. 238.07 (2) (ag) of the statutes is amended to read:
AB56,954,1613 238.07 (2) (ag) An accounting of the location, by municipality, of each job
14created or retained in the state in the previous fiscal year as a result of the program
15if the job meets the criteria for receiving a grant, loan award, or tax credit under the
16program
.
AB56,1872 17Section 1872. 238.07 (2) (ar) of the statutes is amended to read:
AB56,954,2018 238.07 (2) (ar) An accounting of the industry classification, by municipality, of
19each job created or retained in the state as a result of the program if the job meets
20the criteria for receiving a grant, loan award, or tax credit under the program
.
AB56,1873 21Section 1873. 238.08 of the statutes is renumbered 238.08 (1) and amended
22to read:
AB56,955,323 238.08 (1) All records of the corporation are open to the public as provided in
24s. 19.35 (1) except those records relating to pending grants, loans, or economic
25development projects that, in the opinion of the corporation, must remain

1confidential to protect the competitive nature of the grant, loan, or project and except
2records received from the department of revenue pursuant to an agreement under
3s. 71.78 (5)
.
AB56,1874 4Section 1874. 238.08 (2) of the statutes is created to read:
AB56,955,105 238.08 (2) The corporation shall maintain on its Internet site a searchable,
6electronic database that allows any person to inspect all final contracts, including
7final amendments to these contracts, under which the corporation agrees to provide
8a grant, loan, or tax benefit. The corporation shall add a final contract or final
9amendment to the database no later than 30 days after the contract or amendment
10is executed.
AB56,1875 11Section 1875 . 238.095 of the statutes is created to read:
AB56,955,14 12238.095 Contract requirements. (1) All terms of each contract the
13corporation executes shall, at the time the contract is executed, be in compliance with
14all applicable state laws and all applicable corporation policies and procedures.
AB56,955,19 15(2) Prior to executing a contract with a person for the award of a grant, loan,
16or tax credit, the corporation shall establish, through payroll records or other
17business records the corporation determines are sufficient, the number of full-time
18employees employed by the person for the purpose of accounting for each full-time
19job created or retained during the course of the contract.
AB56,955,25 20(3) Each contract the corporation executes with a person for the award of a
21grant, loan, or tax credit shall require the person to submit to the corporation payroll
22records, or other business records the corporation determines are sufficient, to verify
23the number of full-time jobs created or retained during the course of the contract.
24The corporation shall adopt policies and procedures establishing standards to verify
25the business records and full-time job data.
AB56,1876
1Section 1876. 238.097 of the statutes is created to read:
AB56,956,7 2238.097 Underwriting staff review. The corporation may not enter into a
3contract with a person for the award of a grant, loan, or tax credit before the
4corporation's underwriting staff completes a review of the person's application for the
5grant, loan, or tax credit, including an evaluation of all statutory requirements and
6all requirements under the corporation's policies and procedures that apply to the
7grant, loan, or tax credit.
AB56,1877 8Section 1877 . 238.105 of the statutes is created to read:
AB56,956,16 9238.105 Job elimination or relocation. (1) Each recipient of a grant, loan,
10or tax credit under this chapter shall report to the corporation each full-time job in
11this state that the recipient eliminates or relocates outside this state within 7
12business days after the job is eliminated or relocated and shall describe in detail the
13circumstances of that job elimination or relocation. If extenuating circumstances
14make it impossible for the recipient to submit the report within 7 business days, the
15recipient may submit the report within 30 days after the full-time job is eliminated
16or relocated.
AB56,956,19 17(2) A recipient of a grant, loan, or tax credit under this chapter may not use the
18grant, loan, or tax credit to reduce net employment in this state or relocate jobs
19outside this state.
AB56,1878 20Section 1878. 238.115 (1) (f) of the statutes is amended to read:
AB56,956,2421 238.115 (1) (f) The amount of tax credits the corporation determined each
22person identified under par. (e) was eligible to claim that, if
already claimed that,
23must be repaid by the person as the result of a the revocation for each person
24identified under par. (e)
.
AB56,1879 25Section 1879. 238.116 of the statutes is created to read:
AB56,957,5
1238.116 Reporting of material changes in contracts for tax benefits. (1)
2Each contract the corporation executes with a taxpayer under which the taxpayer
3may be eligible to claim tax benefits in excess of $5,000,000 during the term of the
4contract shall include a requirement that the taxpayer promptly notify the
5corporation of all of the following:
AB56,957,66 (a) Each material change to a project subject to the contract.
AB56,957,107 (b) All effects of each material change under par. (a) on the contract's
8performance goals or requirements, including job retention, creation, or training and
9capital expenditures, and any effect on the timing of the taxpayer's achievement of
10the performance goals or requirements.
AB56,957,15 11(2) The corporation shall notify the joint committee on finance of any material
12change for which the corporation receives notice under sub. (1) and, for any contract
13under which a taxpayer may be eligible to claim tax benefits in excess of $5,000,000
14during the term of the contract, of any material change due to an amendment to the
15contract.
AB56,1880 16Section 1880. 238.117 of the statutes is created to read:
AB56,957,20 17238.117 Repayment of tax credits. No later than 7 days after the
18corporation receives a repayment of tax credits under this chapter, the corporation
19shall remit the full amount of that payment to the secretary of administration for
20deposit in the general fund.
AB56,1881 21Section 1881. 238.135 of the statutes is amended to read:
AB56,958,3 22238.135 Grants to regional economic development organizations. The
23corporation shall award annual grants to regional economic development
24organizations to fund economic development activities, including marketing
25activities. The total amount of grants awarded each year shall be at least $1,000,000.

1The amount of each a grant to fund marketing activities may not exceed $100,000
2or the amount of matching funds the organization obtains from sources other than
3the corporation or the state, whichever is less.
AB56,1882 4Section 1882. 238.17 (1) of the statutes is renumbered 238.17 (1) (a) and
5amended to read:
AB56,958,116 238.17 (1) (a) For Except as provided in par. (b), for taxable years beginning
7after December 31, 2013, the corporation may certify a person to claim a tax credit
8under s. 71.07 (9m), 71.28 (6), or 71.47 (6), if the corporation determines that the
9person is conducting an eligible activity under s. 71.07 (9m), 71.28 (6), or 71.47 (6).
10No person may claim a tax credit under s. 71.07 (9m), 71.28 (6), or 71.47 (6) without
11first being certified under this subsection.
AB56,1883 12Section 1883. 238.17 (1) (b) of the statutes is created to read:
AB56,958,1513 238.17 (1) (b) The corporation may not certify a person to claim a tax credit
14under s. 71.07 (9m) (a) 3., 71.28 (6) (a) 3., or 71.47 (6) (a) 3. for taxable years beginning
15after December 31, 2018.
AB56,1884 16Section 1884. 238.17 (2) of the statutes is amended to read:
AB56,958,2217 238.17 (2) Beginning July 1, 2018, and ending on June 30, 2019, the
18corporation may not certify persons to claim more than a total of $3,500,000 in tax
19credits for all projects undertaken on the same parcel. Beginning July 1, 2019, the
20corporation may not certify persons to claim more than a total of $3,500,000 in tax
21credits for any project, regardless of the number of parcels on which the project is
22undertaken.
AB56,1885 23Section 1885. 238.30 (4m) of the statutes is amended to read:
AB56,959,1124 238.30 (4m) “Member of a targeted group" means a person who resides in an
25area designated by the federal government as an economic revitalization area, a

1person who is employed in an unsubsidized job but meets the eligibility requirements
2under s. 49.145 (2) and (3) for a Wisconsin Works employment position, a person who
3is employed in a trial job, as defined in s. 49.141 (1) (n), 2011 stats., or in a trial
4employment match program job
subsidized employment placement, as defined in s.
549.141 (1) (n) (Lm), a person who is eligible for child care assistance under s. 49.155,
6a person who is a vocational rehabilitation referral, an economically disadvantaged
7youth, an economically disadvantaged veteran, a supplemental security income
8recipient, a general assistance recipient, an economically disadvantaged ex-convict,
9a dislocated worker, as defined in 29 USC 2801 (9), or a food stamp recipient, if the
10person has been certified in the manner under 26 USC 51 (d) (13) (A) by a designated
11local agency, as defined in 26 USC 51 (d) (12).
AB56,1886 12Section 1886. 238.306 (3) of the statutes is repealed.
AB56,1887 13Section 1887. 238.308 (4) (a) 4m. of the statutes is created to read:
AB56,959,2214 238.308 (4) (a) 4m. In addition to any tax benefit awarded under subd. 4., an
15amount equal to up to 5 percent of the person's real property investment in a capital
16investment project, if the project satisfies subd. 4. and if the investment is made for
17purposes of energy efficiency or the generation of energy from renewable resources.
18The corporation shall include in any contract for the award of tax benefits under this
19subdivision a requirement that the recipient of the tax benefits provide
20documentation to the corporation verifying all expenditures under this subdivision
21and showing the energy efficiency or renewable energy impacts of those
22expenditures.
AB56,1888 23Section 1888. 238.399 (3) (a) of the statutes is amended to read:
AB56,959,2524 238.399 (3) (a) The corporation may designate any number of enterprise zones
25in this state
not more than 35 enterprise zones.
AB56,1889
1Section 1889. 238.399 (3) (am) of the statutes is repealed.
AB56,1890 2Section 1890. 238.399 (3) (e) of the statutes is created to read:
AB56,960,73 238.399 (3) (e) If the corporation revokes all certifications for tax benefits
4within a designated enterprise zone, the corporation may cancel the designation of
5that enterprise zone. After canceling the designation of an enterprise zone, the
6corporation may designate a new enterprise zone subject to the limits of this
7subsection.
AB56,1891 8Section 1891. 250.048 of the statutes is created to read:
AB56,960,14 9250.048 Prescription drug importation program. (1) Importation
10program requirements.
The department, in consultation with persons interested in
11the sale and pricing of prescription drugs and appropriate officials and agencies of
12the federal government, shall design and implement a prescription drug importation
13program for the benefit of residents of this state, that generates savings for residents,
14and that satisfies all of the following:
AB56,960,1715 (a) The department shall designate a state agency to become a licensed
16wholesale distributor or to contract with a licensed wholesale distributor and shall
17seek federal certification and approval to import prescription drugs.
AB56,960,2018 (b) The prescription drug importation program under this section shall comply
19with relevant requirements of 21 USC 384, including safety and cost savings
20requirements.
AB56,960,2321 (c) The prescription drug importation program under this section shall import
22prescription drugs from Canadian suppliers regulated under any appropriate
23Canadian or provincial laws.
AB56,961,3
1(d) The prescription drug importation program under this section shall have
2a process to sample the purity, chemical composition, and potency of imported
3prescription drugs.
AB56,961,74 (e) The prescription drug importation program under this section shall import
5only those prescription drugs for which importation creates substantial savings for
6residents of the state and only those prescription drugs that are not brand-name
7drugs and that have fewer than 4 competitor prescription drugs in the United States.
AB56,961,108 (f) The department shall ensure that prescription drugs imported under the
9program under this section are not distributed, dispensed, or sold outside of the
10state.
AB56,961,1211 (g) The prescription drug importation program under this section shall ensure
12all of the following:
AB56,961,1413 1. Participation by any pharmacy or health care provider in the program is
14voluntary.
AB56,961,1615 2. Any pharmacy or health care provider participating in the program has the
16appropriate license or other credential in this state.
AB56,961,1917 3. Any pharmacy or health care provider participating in the program charges
18a consumer or health plan the actual acquisition cost of the imported prescription
19drug that is dispensed.
AB56,961,2320 (h) The prescription drug importation program under this section shall ensure
21that a payment by a health plan or health insurance policy for a prescription drug
22imported under the program reimburses no more than the actual acquisition cost of
23the imported prescription drug that is dispensed.
AB56,962,3
1(i) The prescription drug importation program under this section shall ensure
2that any health plan or health insurance policy participating in the program does all
3of the following:
AB56,962,54 1. Maintains a formulary and claims payment system with current information
5on prescription drugs imported under the program.
AB56,962,86 2. Bases cost-sharing amounts for participants or insureds under the plan or
7policy on no more than the actual acquisition cost of the prescription drug imported
8under the program that is dispensed to the participant or insured.
AB56,962,119 3. Demonstrates to the department or a state agency designated by the
10department how premiums under the policy or plan are affected by savings on
11prescription drugs imported under the program.
AB56,962,1412 (j) Any wholesale distributor importing prescription drugs under the program
13under this section shall limit its profit margin to the amount established by the
14department or a state agency designated by the department.
AB56,962,1715 (k) The prescription drug importation program under this section may not
16import any generic prescription drug that would violate federal patent laws on
17branded products in this country.
AB56,962,2218 (L) The prescription drug importation program under this section shall comply
19to the extent practical and feasible before the prescription drug to be imported comes
20into possession of the state's wholesale distributor and fully after the prescription
21drug to be imported is in possession of the state's wholesale distributor with tracking
22and tracing requirements of 21 USC 360eee to 360eee-1.
AB56,962,2523 (m) The prescription drug importation program under this section shall
24establish a fee or other approach to finance the program that does not jeopardize
25significant savings to residents of the state.
AB56,963,2
1(n) The prescription drug importation program under this section shall have
2an audit function that ensures all of the following:
AB56,963,53 1. The department has a sound methodology to determine the most
4cost-effective prescription drugs to include in the importation program under this
5section.
AB56,963,76 2. The department has a process in place to select Canadian suppliers that are
7high quality, high performing, and in full compliance with Canadian laws.
AB56,963,98 3. Prescription drugs imported under the program are pure, unadulterated,
9potent, and safe.
AB56,963,1110 4. The prescription drug importation program is complying with the
11requirements of this subsection.
AB56,963,1412 5. The prescription drug importation program under this section is adequately
13financed to support administrative functions of the program while generating
14significant cost savings to residents of the state.
AB56,963,1615 6. The prescription drug importation program under this section does not put
16residents of the state at a higher risk than if the program did not exist.
AB56,963,1817 7. The prescription drug importation program under this section provides and
18is projected to continue to provide substantial cost savings to residents of the state.
AB56,963,21 19(2) Anticompetitive behavior. The department, in consultation with the
20attorney general, shall identify the potential for and monitor anticompetitive
21behavior in industries affected by a prescription drug importation program.
AB56,964,7 22(3) Approval of program design; certification. No later than the first day of
23the 7th month beginning after the effective date of this subsection .... [LRB inserts
24date], the department shall submit to the joint committee on finance a report that
25includes the design of the prescription drug importation program in accordance with

1this section. The department may not submit the proposed prescription drug
2importation program to the federal department of health and human services unless
3the joint committee on finance approves the proposed prescription drug
4implementation program. Within 14 days of the date of approval by the joint
5committee on finance of the proposed prescription drug importation program, the
6department shall submit to the federal department of health and human services a
7request for certification of the approved prescription drug importation program.
AB56,964,15 8(4) Implementation of certified program. After the federal department of
9health and human services certifies the prescription drug importation program
10submitted under sub. (3), the department shall begin implementation of the program
11and the program shall be fully operational by 180 days after the date of certification
12by the federal department of health and human services. The department shall do
13all of the following to implement the prescription drug importation program to the
14extent the action is in accordance with other state laws and the certification by the
15federal department of health and human services:
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