Amendment AA6-AB524

LRBa1079/2

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2003 - 2004 LEGISLATURE

ASSEMBLY AMENDMENT 6, TO 2003 ASSEMBLY BILL 524

October 2, 2003 - Offered by Representatives Grothman and McCormick.

AB524-AA6,1,1 At the locations indicated, amend the bill as follows:

AB524-AA6,1,2 1. Page 4, line 22: delete that line.

AB524-AA6,1,3 2. Page 4, line 25: delete "20%" and substitute "10%".

AB524-AA6,1,4 3. Page 5, line 1: delete "in a qualifying business or".

AB524-AA6,1,5 4. Page 6, line 3: delete "and qualifying businesses".

AB524-AA6,1,7 5. Page 12, line 11: delete "businesses certified under par. (c)" and substitute "qualified businesses".

AB524-AA6,2,4 6. Page 12, line 12: after "$3,000,000." insert "In this subdivision, "qualified business" means a business that has been in operation for no more than 3 years; that has its principal business operations in this state; that is owned by at least one individual who has at least 3 years of relevant business experience, has successfully completed an entrepreneurial venture development curriculum, has a bachelor's degree, or postgraduate degree, in business management, business administration, or a related field, or has any other training that the board determines is sufficient to increase the likelihood of the success of the business; that is not engaged primarily in retail sales, real estate, or providing health care or other professional services; and that has a net worth of $3,000,000 or less. ".

AB524-AA6,2,6 7. Page 12, line 24: delete the material beginning with that line and ending with page 13, line 23.

AB524-AA6,2,9 8. Page 13, line 25: delete the material beginning with ", community-based" and ending with "business" on page 14, line 1, and substitute "or community-based seed capital fund".

AB524-AA6,2,12 9. Page 14, line 2: delete the material beginning with ", community-based" and ending with "business" on line 3 and substitute "or community-based seed capital fund".

AB524-AA6,2,13 (End)