AB150-ASA1-AA26, s. 6212b 7Section 6212b. 226.14 (1) of the statutes is amended to read:
AB150-ASA1-AA26,316,48 226.14 (1) No common law trust organized in this state, and no such trust
9formed or organized under or by authority of the laws of any state or foreign
10jurisdiction, for the purpose of doing business under a declaration of trust which
11shall have issued to five or more persons, or which shall sell or propose to sell
12beneficial interests, certificates or memberships therein, shall transact business, or
13acquire, hold or dispose of property in this state until the trustees named in said
14declaration of trust shall have caused to be filed in the office of the secretary of state
15with the department of financial institutions the original declaration of trust, or a
16true copy thereof, and all amendments which may be made, verified as such by the
17affidavits of two of the signers thereof. A like verified copy of the declaration and
18such amendments, and a certificate of the secretary of state department of financial
19institutions
, showing the date when such declaration was filed and accepted by the
20secretary of state department of financial institutions within thirty days of such
21filing and acceptance, shall be recorded with the register of deeds of the county in
22which such trust has its principal office or place of business in this state. No such
23trust shall transact business in this state until such declaration or such copy thereof
24be left for record. The register of deeds shall forthwith transmit to the secretary of
25state
department of financial institutions a certificate stating the time when such

1copy was recorded and shall be entitled to a fee of twenty-five cents therefor, to be
2paid by the person presenting such papers for record. Upon receipt of such certificate
3the secretary of state department of financial institutions shall issue to said trustees
4a certificate of filing.
AB150-ASA1-AA26, s. 6213b 5Section 6213b. 226.14 (3) of the statutes is amended to read:
AB150-ASA1-AA26,316,96 226.14 (3) Every such trust shall pay to the secretary of state department of
7financial institutions
a filing fee of $50, and $15 for each subsequent amendment,
8together with a further fee of $1 for each $1,000 of beneficial certificates sold or
9offered for sale in this state.
AB150-ASA1-AA26, s. 6214b 10Section 6214b. 226.14 (4) (intro.) of the statutes is amended to read:
AB150-ASA1-AA26,316,1911 226.14 (4) (intro.) Every such trust shall file, accompanied by a filing fee of $5,
12in the office of the secretary of state with the department of financial institutions a
13verified statement on or before each March 31, showing the names and addresses of
14each of the trustees; the nature of the business transacted during the preceding year;
15in what states such trust is operating; the amount and number of beneficial
16certificates sold in this state, or elsewhere; a statement as to the total amount of
17beneficial certificates outstanding. Any such report not filed before April 1, may be
18filed only upon payment to the secretary of state department of financial institutions
19of the following fees:
AB150-ASA1-AA26, s. 6215b 20Section 6215b. 226.14 (4) (c) of the statutes is amended to read:
AB150-ASA1-AA26,316,2421 226.14 (4) (c) If said report is not filed before the following January 1, the trust
22shall not be in good standing. Until it is restored to good standing the secretary of
23state
department of financial institutions shall not accept for filing any documents
24respecting such trust except documents incident to its dissolution.
AB150-ASA1-AA26, s. 6216b 25Section 6216b. 226.14 (4) (d) of the statutes is amended to read:
AB150-ASA1-AA26,317,5
1226.14 (4) (d) The trust may be restored to good standing by delivering to the
2secretary of state department of financial institutions a current annual report
3conforming to the requirements of this section and by paying to the secretary of state
4department of financial institutions $10 for each calendar year or part thereof during
5which the trust has not been in good standing, not exceeding a total of $105.
AB150-ASA1-AA26, s. 6217b 6Section 6217b. 226.14 (5) of the statutes is amended to read:
AB150-ASA1-AA26,317,147 226.14 (5) Every such trust shall file in the office of the secretary of state with
8the department of financial institutions
the name of a trustee or trustees, if they
9designate more than one, resident in this state upon whom service may be made for
10and on behalf of said trust; or if none of such trustees reside in this state, then a
11statement shall be duly filed by the trustees appointing the secretary of state
12department of financial institutions as the agent to accept service of process in this
13state, which appointment shall continue so long as such trust has any liabilities
14outstanding in this state.".
AB150-ASA1-AA26,317,15 15634. Page 1857, line 4: delete lines 4 to 6.
AB150-ASA1-AA26,317,16 16635. Page 1858, line 24: after that line insert:
AB150-ASA1-AA26,317,17 17" Section 6232. 227.485 (2) (e) of the statutes is amended to read:
AB150-ASA1-AA26,317,1918 227.485 (2) (e) "State agency" does not include the public intervenor or citizens
19utility board.".
AB150-ASA1-AA26,317,20 20636. Page 1863, line 14: after that line insert:
AB150-ASA1-AA26,317,21 21" Section 6242m. 230.01 (2) of the statutes is amended to read:
AB150-ASA1-AA26,318,1422 230.01 (2) It is the policy of the state and the responsibility of the secretary and
23the administrator to maintain a system of personnel management which fills
24positions in the classified service through methods which apply the merit principle,

1with adequate civil service safeguards. It is the policy of this state to provide for
2equal employment opportunity by ensuring that all personnel actions including hire,
3tenure or term, and condition or privilege of employment be based on the ability to
4perform the duties and responsibilities assigned to the particular position without
5regard to age, race, creed or religion, color, handicap, sex, national origin, ancestry,
6sexual orientation or political affiliation. It is the policy of this state to take
7affirmative action which is not in conflict with other provisions of this chapter. It is
8the policy of the state to ensure its employes opportunities for satisfying careers and
9fair treatment based on the value of each employe's services. It is the policy of this
10state to encourage disclosure of information under subch. III and to ensure that any
11employe employed by a governmental unit is protected from retaliatory action for
12disclosing information under subch. III. It Subject to the pay range maximum and
13compensation maximum under s. 230.125, it
is the policy of this state to correct pay
14inequities based on gender or race in the state civil service system.".
AB150-ASA1-AA26,318,15 15637. Page 1865, line 17: after that line insert:
AB150-ASA1-AA26,318,16 16" Section 6274m. 230.08 (2) (t) of the statutes is created to read:
AB150-ASA1-AA26,318,1817 230.08 (2) (t) All employes of the office of the state superintendent of public
18instruction.".
AB150-ASA1-AA26,318,19 19638. Page 1865, line 18: after that line insert:
AB150-ASA1-AA26,318,20 20" Section 6275m. 230.08 (2) (yz) of the statutes is created to read:
AB150-ASA1-AA26,318,2121 230.08 (2) (yz) The staff of the Wisconsin sesquicentennial commission.".
AB150-ASA1-AA26,318,22 22639. Page 1866, line 4: after that line insert:
AB150-ASA1-AA26,318,23 23" Section 6277r. 230.09 (2) (b) of the statutes is amended to read:
AB150-ASA1-AA26,319,11
1230.09 (2) (b) To accommodate and effectuate the continuing changes in the
2classification plan as a result of the classification survey program and otherwise, the
3secretary shall, upon initial establishment of a classification, assign that class to the
4appropriate pay rate or range, and may, upon subsequent review, reassign classes to
5different pay rates or ranges. The secretary shall assign each class to a pay range
6according to the skill, effort, responsibility and working conditions required for the
7class, without regard to whether the class is occupied primarily by members of a
8certain gender or racial group. The secretary shall give notice to appointing
9authorities to permit them to make recommendations before final action is taken on
10any such assignment or reassignment of classes. Section 230.125 shall apply to this
11paragraph.
".
AB150-ASA1-AA26,319,12 12640. Page 1866, line 24: after that line insert:
AB150-ASA1-AA26,319,13 13" Section 6279c. 230.12 (1) (b) of the statutes is amended to read:
AB150-ASA1-AA26,320,214 230.12 (1) (b) Schedules. The several separate pay schedules may incorporate
15different wage and salary administration features. Each Subject to the pay range
16maximum and compensation maximum under s. 230.125, each
schedule shall
17provide for pay ranges or pay rates and applicable methods and frequency of within
18range pay adjustments based on such considerations as competitive practice,
19appropriate principles and techniques of wage and salary administration and
20determination, elimination of pay inequities based on gender or race, and the needs
21of the service. Not limited by enumeration, such considerations for establishment
22of pay rates and ranges and applicable within range pay adjustments may include
23provisions prevalent in schedules used in other public and private employment,

1professional or advanced training, recognized expertise, or any other criteria which
2assures state employe compensation is set on an equitable basis.
AB150-ASA1-AA26, s. 6279g 3Section 6279g. 230.12 (3) (a) of the statutes is amended to read:
AB150-ASA1-AA26,320,174 230.12 (3) (a) Submission to the joint committee on employment relations. The
5secretary shall submit to the joint committee on employment relations a proposal for
6any required changes in the compensation plan which may include across the board
7pay adjustments for positions in the classified service. The proposal shall include the
8amounts and methods for within range pay progression, for pay transactions, and for
9performance awards. The proposal shall be based upon experience in recruiting for
10the service, the principle of providing pay equity regardless of gender or race, data
11collected as to rates of pay for comparable work in other public services and in
12commercial and industrial establishments, recommendations of agencies and any
13special studies carried on as to the need for any changes in the compensation plan
14to cover each year of the biennium. The proposal shall also take proper account of
15prevailing pay rates, costs and standards of living and the state's employment
16policies. Section 230.125 shall apply to any proposal submitted to the joint
17committee on employment relations under this paragraph.
AB150-ASA1-AA26, s. 6279n 18Section 6279n. 230.12 (3) (b) of the statutes is amended to read:
AB150-ASA1-AA26,321,719 230.12 (3) (b) Public hearing on the proposal; adoption of plan. The secretary
20shall submit the proposal for any required changes in the compensation plan to the
21joint committee on employment relations. The committee shall hold a public hearing
22on the proposal. The proposal, as may be modified by the joint committee on
23employment relations together with the unchanged provisions of the current
24compensation plan, shall, for the ensuing fiscal year or until a new or modified plan
25is adopted under this subsection, constitute the state's compensation plan for

1positions in the classified service. Any modification of the secretary's proposed
2changes in the compensation plan by the joint committee on employment relations
3may be disapproved by the governor within 10 calendar days. A vote of 6 members
4of the joint committee on employment relations is required to set aside any such
5disapproval of the governor. The joint committee on employment relations may not
6approve or modify and approve any changes in the compensation plan that exceed
7any pay range or compensation maximum established under s. 230.125.
AB150-ASA1-AA26, s. 6279r 8Section 6279r. 230.12 (3) (e) of the statutes is amended to read:
AB150-ASA1-AA26,322,79 230.12 (3) (e) University of Wisconsin system faculty and academic staff
10employes.
The secretary, after receiving recommendations from the board of regents,
11shall submit to the joint committee on employment relations a proposal for adjusting
12compensation and employe benefits for employes under ss. 20.923 (5) and (6) (m) and
13230.08 (2) (d) who are not included in a collective bargaining unit under subch. V of
14ch. 111 for which a representative is certified. The proposal shall be based upon the
15competitive ability of the board of regents to recruit and retain qualified faculty and
16academic staff, data collected as to rates of pay for comparable work in other public
17services, universities and commercial and industrial establishments,
18recommendations of the board of regents and any special studies carried on as to the
19need for any changes in compensation and employe benefits to cover each year of the
20biennium. The proposal shall also take proper account of prevailing pay rates, costs
21and standards of living and the state's employment policies. The proposal for such
22pay adjustments may contain recommendations for across-the-board pay
23adjustments, merit or other adjustments and employe benefit improvements.
24Paragraph (b) and sub. (1) (bf) shall apply to the process for approval of all pay
25adjustments for such employes under ss. 20.923 (5) and (6) (m) and 230.08 (2) (d).

1The proposal as approved by the joint committee on employment relations and the
2governor shall be based upon a percentage of the budgeted salary base for such
3employes under ss. 20.923 (5) and (6) (m) and 230.08 (2) (d). The amount included
4in the proposal for merit and adjustments other than across-the-board pay
5adjustments is available for discretionary use by the board of regents. Section
6230.125 shall apply to any proposal submitted to the joint committee on employment
7relations under this paragraph.
AB150-ASA1-AA26, s. 6279w 8Section 6279w. 230.125 of the statutes is created to read:
AB150-ASA1-AA26,322,22 9230.125 Nonpublic employer pay survey; maximum pay ranges and
10compensation.
(1) Annually, the department shall conduct a pay survey among
11nonpublic employers to determine the prevailing market wage for jobs in the private
12sector that are comparable to positions in state employment, other than for positions
13occupied by employes who are included in a collective bargaining unit for which a
14representative is recognized or certified under subch. V of ch. 111 and by employes
15of the state court system whose compensation is set under s. 751.02. If there is no
16comparable job in the private sector for a position in state employment, the
17department may survey public employers in other states to determine the prevailing
18market wage for comparable jobs in public employment in other states. The
19department shall complete the pay survey and the secretary shall submit the results
20of the pay survey to the cochairpersons of the joint committee on employment
21relations before the beginning of the first day of the pay period closest to July 1 of
22each year.
AB150-ASA1-AA26,323,6 23(2) Beginning on the first day of the pay period closest to July 1 of each year,
24no employe, other than an employe who is included in a collective bargaining unit
25for which a representative is recognized or certified under subch. V of ch. 111 or an

1employe of the state court system whose compensation is set under s. 751.02, may
2receive an increase in his or her basic pay rate, other than an across the board pay
3adjustment, if his or her basic pay rate is equal to or greater than 150% of the
4prevailing market wage for a job in the private sector or, where applicable, public
5sector, that is comparable to his or her position in state employment, as determined
6by the pay survey conducted by the department under sub. (1).
AB150-ASA1-AA26,323,18 7(3) If the pay range maximum for a position in state employment, other than
8a position occupied by an employe who is included in a collective bargaining unit for
9which a representative is recognized or certified under subch. V of ch. 111 or by an
10employe of the state court system whose compensation is set under s. 751.02, is equal
11to or greater than 150% of the prevailing market wage for such a job in the private
12sector or, where applicable, public sector, as determined by the pay survey conducted
13by the department under sub. (1), the pay range maximum for that position may not
14be increased. If the pay range maximum for such a position in state employment is
15less than 150% of the prevailing market wage for such a job in the private sector or,
16where applicable, public sector, the pay range maximum for that position may not
17be increased to an amount that is equal to or greater than 150% of the prevailing
18market wage for such a job in the private sector or, where applicable, public sector.".
AB150-ASA1-AA26,323,19 19641. Page 1870, line 15: after "probation" insert "or community supervision".
AB150-ASA1-AA26,323,20 20642. Page 1872, line 23: after that line insert:
AB150-ASA1-AA26,323,21 21" Section 6297b. 231.13 (2) of the statutes is amended to read:
AB150-ASA1-AA26,324,1322 231.13 (2) The authority shall pledge the revenues derived and to be derived
23from a project and other related health facilities, educational facilities or child care
24centers for the purposes specified in sub. (1), and additional bonds may be issued

1which may rank on a parity with other bonds relating to the project to the extent and
2on the terms and conditions provided in the bond resolution. Such pledge shall be
3valid and binding from the time when the pledge is made, the revenues so pledged
4by the authority shall immediately be subject to the lien of such pledge without any
5physical delivery thereof or further act and the lien of any such pledge shall be valid
6and binding as against all parties having claims of any kind in tort, contract or
7otherwise against the authority, irrespective of whether such parties have notice
8thereof. Neither the bond resolution nor any financing statement, continuation
9statement or other instrument by which a pledge is created or by which the
10authority's interest in revenues is assigned need be filed or recorded in any public
11records in order to perfect the lien thereof as against 3rd parties, except that a copy
12thereof shall be filed in the records of the authority and with the secretary of state
13department of financial institutions.".
AB150-ASA1-AA26,324,14 14643. Page 1877, line 14: substitute "(4)" for "(3)".
AB150-ASA1-AA26,324,16 15644. Page 1894, line 16: on lines 16 and 18, delete "$25,000,000" and
16substitute "$50,000,000".
AB150-ASA1-AA26,324,17 17645. Page 1894, line 22: substitute "(4)" for "(3)".
AB150-ASA1-AA26,324,18 18646. Page 1895, line 25: substitute "73.255" for "49.855".
AB150-ASA1-AA26,324,19 19647. Page 1896, line 3: after that line insert:
AB150-ASA1-AA26,324,20 20" Section 6302j. 234.265 (2) of the statutes is amended to read:
AB150-ASA1-AA26,325,421 234.265 (2) Records or portions of records consisting of personal or financial
22information provided by a person seeking a grant or loan under s. 234.08, 234.49,
23234.59, 234.65, 234.67, 234.68, 234.69, 234.70, 234.765, 234.82, 234.83, 234.84,
24234.87, 234.90, 234.905 or 234.907, seeking a loan under ss. 234.621 to 234.626,

1seeking financial assistance under s. 234.66 or under ss. 234.75 to 234.802, seeking
2investment of funds under s. 234.03 (18m) or in which the authority has invested
3funds under s. 234.03 (18m), unless the person consents to disclosure of the
4information.".
AB150-ASA1-AA26,325,6 5648. Page 1896, line 6: on lines 6 and 7, delete "industry, labor and human
6relations
" and substitute "revenue".
AB150-ASA1-AA26,325,7 7649. Page 1896, line 7: on lines 7 and 20, substitute "73.255" for "49.855".
AB150-ASA1-AA26,325,9 8650. Page 1897, line 2: on lines 2, 14, 18 and 22, substitute "73.255" for
9"49.855".
AB150-ASA1-AA26,325,10 10651. Page 1897, line 11: after that line insert:
AB150-ASA1-AA26,325,11 11" Section 6305i. 234.82 (title) of the statutes is amended to read:
AB150-ASA1-AA26,325,13 12234.82 (title) Business improvement or start-up loan guarantee
13program.
AB150-ASA1-AA26, s. 6305j 14Section 6305j. 234.82 (1) (a) of the statutes is renumbered 234.82 (1) (a)
15(intro.) and amended to read:
AB150-ASA1-AA26,325,1616 234.82 (1) (a) (intro.) "Eligible business" means a any of the following:
AB150-ASA1-AA26,325,20 171. A business that is primarily engaged in or derives a substantial percentage
18of its annual gross revenue from furnishing goods, services, lodging, recreation
19facilities or amusement facilities to tourists or from furnishing goods or services to
20such businesses.
AB150-ASA1-AA26, s. 6305k 21Section 6305k. 234.82 (1) (a) 2. of the statutes is created to read:
AB150-ASA1-AA26,325,2322 234.82 (1) (a) 2. A business that derives more than 50% of its annual gross
23revenue from furnishing lodging.
AB150-ASA1-AA26, s. 6305km 24Section 6305km. 234.82 (2) (intro.) of the statutes is amended to read:
AB150-ASA1-AA26,326,3
1234.82 (2) Guarantee requirements. (intro.) The authority may use money
2from the Wisconsin development reserve fund to guarantee a business improvement
3or start-up loan if all of the following apply:
AB150-ASA1-AA26, s. 6305L 4Section 6305L. 234.82 (3) (a) of the statutes is amended to read:
AB150-ASA1-AA26,326,65 234.82 (3) (a) The person is engaged in an eligible business under sub. (1) (a)
61. or intends to engage in an eligible business under sub. (1) (a) 2
.
AB150-ASA1-AA26, s. 6305m 7Section 6305m. 234.82 (3) (b) of the statutes is amended to read:
AB150-ASA1-AA26,326,128 234.82 (3) (b) The annual gross revenue of the person, together with any
9parent, subsidiary or affiliate corporation, does not exceed $2,500,000 or, if the
10person intends to engage in an eligible business under sub. (1) (a) 2., the annual gross
11revenue of the person, together with any parent, subsidiary or affiliate corporation,
12will not exceed $2,500,000
.
AB150-ASA1-AA26, s. 6305n 13Section 6305n. 234.82 (3) (c) of the statutes is amended to read:
AB150-ASA1-AA26,326,1814 234.82 (3) (c) The person, together with any parent, subsidiary or affiliate
15corporation, employs fewer than 25 employes on a full-time basis or, if the person
16intends to engage in an eligible business under sub. (1) (a) 2., the person, together
17with any parent, subsidiary or affiliate corporation, will employ fewer than 25
18employes on a full-time basis
.
AB150-ASA1-AA26, s. 6305np 19Section 6305np. 234.82 (4) (a) of the statutes is amended to read:
AB150-ASA1-AA26,326,2520 234.82 (4) (a) The borrower uses the loan proceeds for upgrading, renovating
21or expanding an eligible business under sub. (1) (a) 1. or for start-up costs for an
22eligible business under sub. (1) (a) 2
. Loan proceeds may be used for direct or related
23expenses associated with the purchase or improvement of land, buildings,
24machinery, equipment or inventory. Loan proceeds may not be used to refinance
25existing debt or for operating or entertainment expenses.".
AB150-ASA1-AA26,327,1
1652. Page 1897, line 11: after that line insert:
AB150-ASA1-AA26,327,2 2" Section 6305nr. 234.84 of the statutes is created to read:
AB150-ASA1-AA26,327,5 3234.84 Job training loan guarantee program. (1) Guarantee
4requirements.
The authority may use money from the Wisconsin development
5reserve fund to guarantee a loan under this section if all of the following apply:
AB150-ASA1-AA26,327,66 (a) The borrower is an employer in this state.
AB150-ASA1-AA26,327,77 (b) The loan qualifies as an eligible loan under sub. (2).
AB150-ASA1-AA26,327,98 (c) The lender is a financial institution that enters into an agreement under s.
9234.93 (2) (a).
AB150-ASA1-AA26,327,11 10(2) Eligible loans. A loan is eligible for guarantee of collection from the
11Wisconsin development reserve fund under s. 234.93 if all of the following apply:
AB150-ASA1-AA26,327,1412 (a) The borrower uses the loan proceeds for expenses related to employe
13training or retraining or for purchasing equipment or upgrading facilities for
14purposes related to employe training or retraining.
AB150-ASA1-AA26,327,1615 (b) Loan proceeds are not used to refinance existing debt or for operating or
16entertainment expenses.
AB150-ASA1-AA26,327,1817 (c) The interest rate on the loan, including any origination fees or other charges,
18is approved by the authority.
AB150-ASA1-AA26,327,2119 (d) The loan term does not extend beyond 3 years if the loan proceeds are used
20exclusively for expenses related to instruction or training, or beyond 5 years if the
21loan proceeds are used for purchasing equipment or upgrading facilities.
AB150-ASA1-AA26,327,2322 (e) The total principal amount of all loans to the borrower that are guaranteed
23under this section does not exceed $250,000.
AB150-ASA1-AA26,328,3
1(f) The financial institution obtains a security interest in the physical plant,
2equipment or other assets if the loan proceeds are used for purchasing equipment or
3upgrading facilities.
AB150-ASA1-AA26,328,54 (g) The financial institution believes that it is reasonably likely that the
5borrower will be able to repay the loan in full with interest.
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