SB44-SSA1,975,318 552.23 (1) If the target company is an insurance company subject to regulation
19by the commissioner of insurance, a banking corporation subject to regulation by the
20division of banking, a
, savings bank, or savings and loan association subject to
21regulation by the division of savings institutions banking, or a company subject to
22regulation by the public service commission, the department of transportation, or the
23office of the commissioner of railroads, the division of securities shall promptly
24furnish a copy of the registration statement filed under this chapter to the regulatory
25agency having supervision of the target company. Any hearing under this chapter

1involving any such target company shall be held jointly with the regulatory agency
2having supervision, and any determination following the hearing shall be made
3jointly with that regulatory agency.
SB44-SSA1, s. 2618t 4Section 2618t. 560.031 of the statutes is repealed.
SB44-SSA1, s. 2619 5Section 2619. 560.045 (1) of the statutes is amended to read:
SB44-SSA1,975,136 560.045 (1) Notwithstanding s. 16.54 (2) (a), from moneys received under a
7community development block grant, 42 USC 5301 to 5320, the department shall
8contract with the department of administration for the administration of housing
9programs, including the housing improvement grant program and the initial
10rehabilitation grant program.
To the extent allowed under federal law or regulation,
11the department shall give priority in the awarding of grants under the housing
12programs to grants for projects related to the redevelopment of brownfields, as
13defined in s. 560.60 (1v).
SB44-SSA1, s. 2624d 14Section 2624d. 560.25 (2) (intro.) of the statutes, as affected by 2001
15Wisconsin Act 16
, is amended to read:
SB44-SSA1,975,1916 560.25 (2) Grants. (intro.) Subject to sub. (4), the department may make a
17grant from the appropriation under s. 20.143 (1) (ko) s. 20.143 (1) (fj) to a
18technology-based nonprofit organization to provide support for a manufacturing
19extension center if all of the following apply:
SB44-SSA1, s. 2628 20Section 2628. 560.62 (2m) of the statutes is repealed.
SB44-SSA1, s. 2628c 21Section 2628c. 560.795 (3) (a) 4. and 5. of the statutes are consolidated,
22renumbered 560.795 (3) (a) 4. and amended to read:
SB44-SSA1,976,823 560.795 (3) (a) 4. Any person that is conducting or that intends to conduct
24economic activity in a development opportunity zone under sub. (1) (e) and that, in
25conjunction with the local governing body of the city in which the development

1opportunity zone is located, submits a project plan as described in par. (b) to the
2department shall be entitled to claim tax benefits while the area is designated as a
3development opportunity zone. 5. Any corporation that is conducting or that intends
4to conduct economic activity in a development opportunity zone under sub. (1)
or (f)
5and that, in conjunction with the local governing body of the city in which the
6development opportunity zone is located, submits a project plan as described in par.
7(b) to the department shall be entitled to claim tax benefits while the area is
8designated as a development opportunity zone.
SB44-SSA1, s. 2628fd 9Section 2628fd. 560.80 (4) of the statutes is amended to read:
SB44-SSA1,976,1410 560.80 (4) "Eligible development project costs" means costs that, in accordance
11with sound business and financial practices, are appropriately incurred in
12connection with a development project or a recycling development project, but does
13not include entertainment expenses or expenses incurred more than 6 months before
14the board approves a grant or loan under s. 560.83 or 560.835.
SB44-SSA1, s. 2628ff 15Section 2628ff. 560.80 (5) of the statutes is amended to read:
SB44-SSA1,976,1816 560.80 (5) "Eligible recipient" means a person who is eligible to receive a grant
17under s. 560.82 (5) (a) or 560.837 or a grant or loan under s. 560.83 (5) (a) or (b) or
18560.835
.
SB44-SSA1, s. 2628fh 19Section 2628fh. 560.80 (11) of the statutes is amended to read:
SB44-SSA1,976,2220 560.80 (11) "Project" means a development project, a recycling development
21project,
an early planning project, a finance project, an education and training
22project or a revolving fund project.
SB44-SSA1, s. 2628fj 23Section 2628fj. 560.80 (12) of the statutes is repealed.
SB44-SSA1, s. 2628fL 24Section 2628fL. 560.81 (2) of the statutes is amended to read:
SB44-SSA1,977,3
1560.81 (2) The board awards a grant or loan to the eligible recipient or local
2development corporation under ss. 560.83 (1) and 560.84 or to the eligible recipient
3under ss. 560.835 and s. 560.84.
SB44-SSA1, s. 2628fn 4Section 2628fn. 560.81 (3) of the statutes is amended to read:
SB44-SSA1,977,65 560.81 (3) The board awards a grant or loan to the local development
6corporation under s. 560.83 (2) or 560.835.
SB44-SSA1, s. 2628fp 7Section 2628fp. 560.82 (2) (intro.) of the statutes is amended to read:
SB44-SSA1,977,108 560.82 (2) (intro.) The department may not award a grant under sub. (1) or s.
9560.835 (6)
unless the eligible recipient submits an application, in a form required
10by the department, that contains or describes all of the following:
SB44-SSA1, s. 2628fr 11Section 2628fr. 560.82 (3) (intro.) of the statutes is amended to read:
SB44-SSA1,977,1412 560.82 (3) (intro.) An eligible recipient who receives a grant under sub. (1) or
13s. 560.835 (6), 2001 stats., may only use the proceeds of the grant for the following
14purposes:
SB44-SSA1, s. 2628ft 15Section 2628ft. 560.82 (4) (b) of the statutes is amended to read:
SB44-SSA1,977,1716 560.82 (4) (b) Award, to any one eligible recipient or for any one early planning
17project, grants under sub. (1) or s. 560.835 (6) that total more than $15,000.
SB44-SSA1, s. 2628fv 18Section 2628fv. 560.82 (5) (a) of the statutes is amended to read:
SB44-SSA1,977,2119 560.82 (5) (a) The department may only award grants under sub. (1) or s.
20560.835 (6)
to individuals who are minority group members and residents of this
21state.
SB44-SSA1, s. 2628gd 22Section 2628gd. 560.835 of the statutes is repealed.
SB44-SSA1, s. 2628gf 23Section 2628gf. 560.84 (1) (b) 1. of the statutes is amended to read:
SB44-SSA1,977,2524 560.84 (1) (b) 1. If an early planning project under s. 560.82 or 560.835 (6), that
25the project will increase employment in this state.
SB44-SSA1, s. 2628gh
1Section 2628gh. 560.84 (1) (b) 2. of the statutes is amended to read:
SB44-SSA1,978,32 560.84 (1) (b) 2. If a development project or recycling development project, that
3the project will retain or increase employment in this state.
SB44-SSA1, s. 2628gj 4Section 2628gj. 560.84 (1) (e) 1. of the statutes is amended to read:
SB44-SSA1,978,105 560.84 (1) (e) 1. For grants funding early planning projects under s. 560.82 or
6560.835 (6)
, not less than 25% of the cost of the project. Up to 50% of the contribution
7under this subdivision may be in the form of the in-kind services of a qualified 3rd
8party or qualified 3rd parties. The department shall determine what services may
9be used as in-kind contributions and whether a 3rd party is qualified, for purposes
10of this subdivision.
SB44-SSA1, s. 2628gL 11Section 2628gL. 560.84 (1) (e) 2. of the statutes is amended to read:
SB44-SSA1,978,1412 560.84 (1) (e) 2. For grants and loans funding development projects or recycling
13development projects
, a cash contribution of not less than 25% of the cost of the
14project.
SB44-SSA1, s. 2628gn 15Section 2628gn. 560.84 (1) (f) of the statutes is amended to read:
SB44-SSA1,978,1716 560.84 (1) (f) That the project meets all criteria set forth in s. 560.82, 560.83,
17560.835 or 560.837, whichever is appropriate.
SB44-SSA1, s. 2628gp 18Section 2628gp. 560.84 (1) (j) of the statutes is amended to read:
SB44-SSA1,978,2119 560.84 (1) (j) If a development project, recycling development project, finance
20project, or education and training project, that funds from the grant or loan will not
21be used to refinance existing debt.
SB44-SSA1, s. 2628gr 22Section 2628gr. 560.84 (2) (a) 1. of the statutes is amended to read:
SB44-SSA1,978,2423 560.84 (2) (a) 1. If an early planning project under s. 560.82 or 560.835 (6), the
24extent to which the project will increase employment in this state.
SB44-SSA1, s. 2628gt 25Section 2628gt. 560.84 (2) (a) 2. of the statutes is amended to read:
SB44-SSA1,979,2
1560.84 (2) (a) 2. If a development project or recycling development project, the
2extent to which the project will retain or increase employment in this state.
SB44-SSA1, s. 2628gv 3Section 2628gv. 560.84 (2) (c) (intro.) of the statutes is amended to read:
SB44-SSA1,979,54 560.84 (2) (c) (intro.) If a development project or recycling development project,
5whether the project will be located in any or all of the following:
SB44-SSA1, s. 2628gx 6Section 2628gx. 560.84 (2) (f) of the statutes is amended to read:
SB44-SSA1,979,97 560.84 (2) (f) If a development project or recycling development project, the
8financial soundness of the minority business involved in the project and the
9commitment of the eligible recipient to repay the loan or grant.
SB44-SSA1, s. 2628hd 10Section 2628hd. 560.85 (2) of the statutes is amended to read:
SB44-SSA1,979,1411 560.85 (2) The board shall develop a policy governing the repayment of grants
12and loans made under s. 560.83 or 560.835. The board or department shall deposit
13moneys received in repayment of grants and loans under s. 560.83 in the
14appropriation under s. 20.143 (1) (im).
SB44-SSA1, s. 2628hf 15Section 2628hf. 560.85 (3) (a) of the statutes is amended to read:
SB44-SSA1,979,1816 560.85 (3) (a) Develop procedures to evaluate applications and monitor project
17performance for grants awarded for early planning projects under s. 560.82 or s.
18560.835 (6), 2001 stats.
SB44-SSA1, s. 2628hh 19Section 2628hh. 560.85 (3) (b) of the statutes is amended to read:
SB44-SSA1,979,2420 560.85 (3) (b) Develop procedures, with the approval of the board, to evaluate
21applications, monitor project performance and audit grants and loans awarded for
22development projects under s. 560.83, recycling development projects under s.
23560.835, 2001 stats., and finance projects and education and training projects under
24s. 560.837.
SB44-SSA1, s. 2628m 25Section 2628m. 560.87 (6) of the statutes is repealed.
SB44-SSA1, s. 2629
1Section 2629. 562.02 (1) (g) of the statutes is amended to read:
SB44-SSA1,980,72 562.02 (1) (g) At least once every 3 months, file a written report on the operation
3of racing in this state with the governor, the attorney general, the state treasurer
4secretary of administration, the secretary of state, the legislative audit bureau, the
5president of the senate, and the speaker of the assembly. The report shall include
6information on racetrack operations, race attendance, and private, state, and local
7revenues derived from racing in this state.
SB44-SSA1, s. 2629d 8Section 2629d. 562.057 (4m) (b) of the statutes is repealed.
SB44-SSA1, s. 2629e 9Section 2629e. 562.057 (4m) (bm) of the statutes is created to read:
SB44-SSA1,980,1310 562.057 (4m) (bm) Wagering on simulcast races will be conducted at the
11racetrack only as an adjunct to, and not in a manner that will supplant, wagering on
12live on-track racing at that racetrack, and wagering on simulcast races will not be
13the primary source of wagering revenue at that racetrack.
SB44-SSA1, s. 2630g 14Section 2630g. 565.25 (1m) of the statutes is renumbered 565.25 (1m) (a) and
15amended to read:
SB44-SSA1,980,2416 565.25 (1m) (a) Subject to approval by the secretary of revenue, the
17administrator may determine whether lottery functions shall be performed by
18department of revenue employees or by one or more persons under contract with the
19department of administration, except that no a contract may provide for the entire
20management of the lottery or for the entire operation of the lottery , other than
21services described in par. (c),
by any a private person only if the joint committee on
22finance approves the contract, subject to par. (b), under s. 13.10
. The department of
23administration may contract for management consultation services to assist in the
24management or operation of the lottery.
SB44-SSA1,981,6
1(c) The department of administration may not contract for financial auditing
2or security monitoring services, except that, if the department of administration
3delegates under s. 16.71 (1) to the department of revenue the authority to make a
4major procurement, the department of revenue may contract with the department
5of administration for warehouse and building protection services relating to the state
6lottery.
SB44-SSA1,981,12 7(d) If the department of administration delegates under s. 16.71 (1) to the
8department of revenue the authority to make a major procurement, the department
9of revenue shall assume the powers and duties of the department of administration
10and the administrator shall assume the powers and duties of the secretary of
11administration under this section and ss. 16.70 to 16.77, except under ss. 16.72 (4)
12(a), 16.76 (1) and 16.77 (1).
SB44-SSA1, s. 2630h 13Section 2630h. 565.25 (1m) (b) of the statutes is created to read:
SB44-SSA1,981,1814 565.25 (1m) (b) The joint committee on finance may not approve a contract
15providing for the entire management of the lottery or for the entire operation of the
16lottery by any private person unless the departments of administration and revenue
17first jointly submit to the joint committee on finance a lottery privatization plan
18describing all of the following:
SB44-SSA1,981,1919 1. What functions the private person would perform under the contract.
SB44-SSA1,981,2220 2. What management authority the private person would have with respect to
21lottery advertising, prize payout levels, and any lottery function that the state would
22perform if the contract were approved.
SB44-SSA1,981,2323 3. How the private person would interact with other lottery vendors.
SB44-SSA1,981,2524 4. Whether the contract would require some form of profit sharing and, if so,
25a description of the profit-sharing mechanism.
SB44-SSA1,982,4
15. A transition plan to ensure the successful conversion of the lottery to new
2management, including a schedule for phasing out state positions and a rationale for
3the number and classification of state positions that would be needed after the
4conversion.
SB44-SSA1, s. 2631 5Section 2631. 565.25 (2) (a) 4. of the statutes is repealed and recreated to read:
SB44-SSA1,982,156 565.25 (2) (a) 4. The administrator shall develop specifications for major
7procurements. If security is a factor in the materials, supplies, equipment, property,
8or services to be purchased in any major procurement, then invitations for bids or
9competitive sealed proposals shall include specifications related to security. The
10administrator shall submit specifications for major procurement to the secretary of
11revenue for review and approval before the department of administration releases
12the specifications in invitations for bids or competitive sealed proposals. The
13department of administration shall require separate bids or separate competitive
14sealed proposals for management consultation services if the services are provided
15under contract as provided in sub. (1m) (a).
SB44-SSA1, s. 2632 16Section 2632. 565.37 (3) of the statutes is amended to read:
SB44-SSA1,982,2117 565.37 (3) Department report. The department shall submit quarterly reports
18on the operation of the lottery to the chief clerk of each house of the legislature, for
19distribution to the legislature under s. 13.172 (2) and to the governor, attorney
20general, state treasurer secretary of administration, secretary of state, and state
21auditor.
SB44-SSA1, s. 2633m 22Section 2633m. 569.06 of the statutes is amended to read:
SB44-SSA1,983,4 23569.06 Indian gaming receipts. Indian gaming receipts shall be credited to
24the appropriation accounts under ss. 20.455 (2) (gc) and 20.505 (8) (h) and (hm) as
25specified under ss. 20.455 (2) (gc) and 20.505 (8) (h) and (hm). Indian gaming receipts

1shall be credited to the appropriation account under s. 20.505 (8) (hm) in the amount
2necessary to make the transfers specified under s. 20.505 (8) (hm). Indian gaming
3receipts not otherwise credited to appropriation accounts under this section shall be
4paid into the general fund
.
SB44-SSA1, s. 2635 5Section 2635. 601.13 (1) (intro.) of the statutes is amended to read:
SB44-SSA1,983,96 601.13 (1) Receipt of deposits. (intro.) Subject to the approval of the
7commissioner, the state treasurer secretary of administration shall accept deposits
8or control of acceptable book-entry accounts from insurers and other licensees of the
9office as follows:
SB44-SSA1, s. 2636 10Section 2636. 601.13 (3) (intro.) of the statutes is amended to read:
SB44-SSA1,983,1511 601.13 (3) Securities eligible. (intro.) All deposits may consist of any of the
12securities authorized in this subsection. Each security must be approved by the
13commissioner, must be subject to disposition by the state treasurer secretary of
14administration,
and must not be available to any other person except as expressly
15provided by law. The authorized securities are:
SB44-SSA1, s. 2637 16Section 2637. 601.13 (5) of the statutes is amended to read:
SB44-SSA1,984,217 601.13 (5) Receipt, inspection, and record. The state treasurer secretary of
18administration
shall deliver to the depositor a receipt for all securities deposited or
19held under the control of the state treasurer secretary of administration and shall
20permit the depositor to inspect its physically held securities at any reasonable time.
21On application of the depositor the treasurer secretary of administration shall certify
22when required by any law of the United States or of any other state or foreign country
23or by the order of any court of competent jurisdiction that the deposit was made. The
24treasurer secretary of administration and the commissioner shall each keep a
25permanent record of securities deposited or held under the control of the state

1treasurer
secretary of administration and of any substitutions or withdrawals and
2shall compare records at least annually.
SB44-SSA1, s. 2638 3Section 2638. 601.13 (6) of the statutes is amended to read:
SB44-SSA1,984,64 601.13 (6) Transfer of securities. No transfer of a deposited security, whether
5voluntary or by operation of law, is valid unless approved in writing by the
6commissioner and countersigned by the treasurer secretary of administration.
SB44-SSA1, s. 2639 7Section 2639. 601.13 (8) (intro.) of the statutes is amended to read:
SB44-SSA1,984,108 601.13 (8) Interest and substitutions. (intro.) Subject to s. 14.58 (13) 16.401
9(11)
, a depositor shall, while solvent and complying with the laws of this state, be
10entitled:
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