Amendment AA14-AB576

LRBa0807/1

PJK:cjs:ch

2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 14, TO 2001 ASSEMBLY BILL 576

October 23, 2001 - Offered by Representatives Miller, Colon and Carpenter.

AB576-AA14,1,1 At the locations indicated, amend the bill as follows:

AB576-AA14,1,2 1. Page 5, line 20: after that line insert:

AB576-AA14,1,3 "(am) The borrower enters into the agreement under sub. (3m).".

AB576-AA14,1,4 2. Page 7, line 3: after that line insert:

AB576-AA14,1,7 "(3m) Headquarters agreement. (a) An eligible borrower shall enter into an agreement with the authority that requires the eligible borrower to maintain its headquarters in this state for the duration of the loan term.

AB576-AA14,1,11 (b) If an eligible borrower fails to maintain its headquarters in this state as provided in par. (a), the eligible borrower shall be required to pay to the authority 10% of the original principal amount guaranteed under this section with respect to the eligible borrower.".

AB576-AA14,1,12 (End)