AB100-ASA1-AA15, s. 2368g 8Section 2368g. 560.60 (1v) of the statutes is repealed.
AB100-ASA1-AA15, s. 2369g 9Section 2369g. 560.60 (3) of the statutes is repealed.
AB100-ASA1-AA15, s. 2370g 10Section 2370g. 560.60 (3m) of the statutes is created to read:
AB100-ASA1-AA15,15,1111 560.60 (3m) "Eligible activities" means any of the following:
AB100-ASA1-AA15,15,1212 (a) Capital financing.
AB100-ASA1-AA15,15,1313 (b) Worker training.
AB100-ASA1-AA15,15,1414 (c) Entrepreneurial development.
AB100-ASA1-AA15,15,1615 (d) Providing assistance to technology-based businesses or to businesses at a
16foreign trade show or event.
AB100-ASA1-AA15,15,1717 (e) Promoting urban or regional economic development.
AB100-ASA1-AA15,15,1818 (f) Establishing revolving loan funds.
AB100-ASA1-AA15,15,1919 (g) Providing working capital.
AB100-ASA1-AA15,15,2020 (h) Promoting employee ownership through all of the following:
AB100-ASA1-AA15,15,2221 1. Conducting feasibility studies to investigate the reorganization or new
22incorporation of existing businesses as employee-owned businesses.
AB100-ASA1-AA15,15,2323 2. Implementing feasibility studies under subd. 1.
AB100-ASA1-AA15, s. 2371g 24Section 2371g. 560.60 (4) of the statutes is amended to read:
AB100-ASA1-AA15,16,3
1560.60 (4) "Eligible recipient" means a governing body or a person who is
2eligible to receive a grant or loan under s. 560.62, a grant or loan under s. 560.63 or
3a grant or loan under s. 560.65
560.61.
AB100-ASA1-AA15, s. 2372g 4Section 2372g. 560.60 (8) of the statutes is repealed.
AB100-ASA1-AA15, s. 2373g 5Section 2373g. 560.60 (10) of the statutes is repealed.
AB100-ASA1-AA15, s. 2374g 6Section 2374g. 560.60 (11) of the statutes is repealed.
AB100-ASA1-AA15, s. 2375g 7Section 2375g. 560.60 (13) of the statutes is repealed.
AB100-ASA1-AA15, s. 2376g 8Section 2376g. 560.60 (15) of the statutes is amended to read:
AB100-ASA1-AA15,16,119 560.60 (15) "Small business" means a business operating for profit, with 250
10or
fewer than 100 employees, including employees of any subsidiary or affiliated
11organization.
AB100-ASA1-AA15, s. 2377g 12Section 2377g. 560.60 (17) of the statutes is repealed.
AB100-ASA1-AA15, s. 2378g 13Section 2378g. 560.60 (18m) of the statutes is repealed.
AB100-ASA1-AA15, s. 2379g 14Section 2379g. 560.605 (1) (intro.) of the statutes is amended to read:
AB100-ASA1-AA15,16,1915 560.605 (1) (intro.) The Upon receipt of an application by an eligible recipient,
16the
board may consider any of the following in determining whether to award a grant
17or loan under s. 560.61 upon the receipt and consideration of an application by an
18eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all
19of the following
:
AB100-ASA1-AA15, s. 2380g 20Section 2380g. 560.605 (1) (a) of the statutes is amended to read:
AB100-ASA1-AA15,16,2121 560.605 (1) (a) The Whether the project serves a public purpose.
AB100-ASA1-AA15, s. 2381g 22Section 2381g. 560.605 (1) (b) of the statutes is amended to read:
AB100-ASA1-AA15,16,2423 560.605 (1) (b) The Whether the project will retain or increase employment in
24this state.
AB100-ASA1-AA15, s. 2382g 25Section 2382g. 560.605 (1) (c) of the statutes is amended to read:
AB100-ASA1-AA15,17,2
1560.605 (1) (c) The Whether the project is not likely to might not occur without
2the grant or loan.
AB100-ASA1-AA15, s. 2383g 3Section 2383g. 560.605 (1) (d) of the statutes is amended to read:
AB100-ASA1-AA15,17,54 560.605 (1) (d) Financing Whether financing is unavailable available from any
5other
another source on reasonably equivalent terms.
AB100-ASA1-AA15, s. 2384g 6Section 2384g. 560.605 (1) (e) of the statutes is amended to read:
AB100-ASA1-AA15,17,107 560.605 (1) (e) Except as provided in s. 560.68 (6), the eligible recipient
8receiving the grant or loan will contribute, from
The extent to which the project will
9be financed with
funds not provided by this state, not less than 25% of the cost of the
10project
.
AB100-ASA1-AA15, s. 2385g 11Section 2385g. 560.605 (1) (f) of the statutes is repealed.
AB100-ASA1-AA15, s. 2386g 12Section 2386g. 560.605 (1) (g) of the statutes is amended to read:
AB100-ASA1-AA15,17,1513 560.605 (1) (g) Funds Whether funds from the grant or loan under s. 560.62,
14560.63, 560.65 or 560.66
will be used to pay overhead costs, except as provided in s.
15560.65 (1m) (b),
or to replace funds from any other another source.
AB100-ASA1-AA15, s. 2387g 16Section 2387g. 560.605 (1) (h) of the statutes is amended to read:
AB100-ASA1-AA15,17,1817 560.605 (1) (h) The Whether the project will not displace any workers in this
18state.
AB100-ASA1-AA15, s. 2388g 19Section 2388g. 560.605 (1) (i) of the statutes is repealed.
AB100-ASA1-AA15, s. 2389g 20Section 2389g. 560.605 (2) (intro.) of the statutes is repealed.
AB100-ASA1-AA15, s. 2390g 21Section 2390g. 560.605 (2) (a) of the statutes is renumbered 560.605 (1) (j).
AB100-ASA1-AA15, s. 2391g 22Section 2391g. 560.605 (2) (b) of the statutes is renumbered 560.605 (1) (k).
AB100-ASA1-AA15, s. 2392g 23Section 2392g. 560.605 (2) (c) of the statutes is renumbered 560.605 (1) (L).
AB100-ASA1-AA15, s. 2393g 24Section 2393g. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m)
25and amended to read:
AB100-ASA1-AA15,18,1
1560.605 (1) (m) The financial soundness of the business eligible recipient.
AB100-ASA1-AA15, s. 2394g 2Section 2394g. 560.605 (2) (e) of the statutes is renumbered 560.605 (1) (n).
AB100-ASA1-AA15, s. 2395g 3Section 2395g. 560.605 (2) (f) of the statutes is renumbered 560.605 (1) (o).
AB100-ASA1-AA15, s. 2396g 4Section 2396g. 560.605 (2m) (intro.) of the statutes is amended to read:
AB100-ASA1-AA15,18,75 560.605 (2m) (intro.) When considering whether a project under s. 560.62,
6560.63 or 560.66
will be located in a targeted area, the board shall may consider all
7any of the following:
AB100-ASA1-AA15, s. 2397g 8Section 2397g. 560.605 (2m) (c) of the statutes is repealed.
AB100-ASA1-AA15, s. 2398g 9Section 2398g. 560.605 (2m) (d) of the statutes is repealed.
AB100-ASA1-AA15, s. 2399g 10Section 2399g. 560.605 (2m) (e) of the statutes is repealed.
AB100-ASA1-AA15, s. 2399m 11Section 2399m. 560.605 (3m) of the statutes is created to read:
AB100-ASA1-AA15,18,1512 560.605 (3m) The board may not award a grant or loan under s. 560.61 for an
13ethanol production facility on which construction begins after the effective date of
14this subsection .... [revisor inserts date], unless a competitive bidding process is used
15for the construction of the ethanol production facility.
AB100-ASA1-AA15, s. 2400g 16Section 2400g. 560.605 (4) of the statutes is repealed.
AB100-ASA1-AA15, s. 2401g 17Section 2401g. 560.605 (5) of the statutes is repealed.
AB100-ASA1-AA15, s. 2402g 18Section 2402g. 560.605 (5m) of the statutes is repealed.
AB100-ASA1-AA15, s. 2403g 19Section 2403g. 560.605 (6) of the statutes is repealed.
AB100-ASA1-AA15, s. 2404g 20Section 2404g. 560.607 (1) of the statutes is amended to read:
AB100-ASA1-AA15,18,2221 560.607 (1) Evaluations of proposed technical research projects under s.
22560.62
.
AB100-ASA1-AA15, s. 2405g 23Section 2405g. 560.61 (intro.) of the statutes is repealed.
AB100-ASA1-AA15, s. 2406g 24Section 2406g. 560.61 (1) of the statutes is renumbered 560.61 and amended
25to read:
AB100-ASA1-AA15,19,5
1560.61 Make At the request of the board, the department may make a grant
2or loan to an eligible recipient for a project that meets the criteria for funding under
3s. 560.605 (1) and (2) and under s. 560.62, 560.63, 560.65 or 560.66, whichever is
4appropriate,
from the appropriations under s. 20.143 (1) (c), (cb) and (ie) for eligible
5activities
.
AB100-ASA1-AA15, s. 2407g 6Section 2407g. 560.61 (3) of the statutes is repealed.
AB100-ASA1-AA15, s. 2408g 7Section 2408g. 560.62 of the statutes is repealed.
AB100-ASA1-AA15, s. 2409g 8Section 2409g. 560.63 of the statutes is repealed.
AB100-ASA1-AA15, s. 2410g 9Section 2410g. 560.65 of the statutes is repealed.
AB100-ASA1-AA15, s. 2411g 10Section 2411g. 560.66 of the statutes is repealed.
AB100-ASA1-AA15, s. 2412g 11Section 2412g. 560.68 (1m) of the statutes is created to read:
AB100-ASA1-AA15,19,1412 560.68 (1m) The department shall establish criteria for the award of grants
13and loans under s. 560.61, including the types of projects that are eligible for funding
14and the types of eligible projects that will receive priority.
AB100-ASA1-AA15, s. 2413g 15Section 2413g. 560.68 (2m) of the statutes is created to read:
AB100-ASA1-AA15,19,1716 560.68 (2m) The department shall determine conditions applicable to a grant
17or loan under s. 560.61.
AB100-ASA1-AA15, s. 2414g 18Section 2414g. 560.68 (3) of the statutes is amended to read:
AB100-ASA1-AA15,19,2319 560.68 (3) The department may charge a grant or loan recipient an origination
20fee of up to not more than 2% of the grant or loan amount if the grant or loan equals
21or
exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall
22deposit all origination fees collected under this subsection in the appropriation
23account under s. 20.143 (1) (gm).
AB100-ASA1-AA15, s. 2415g 24Section 2415g. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and
25amended to read:
AB100-ASA1-AA15,20,3
1560.68 (5) (intro.) The department, with the approval of the board, shall
2develop procedures to evaluate related to grants and loans under s. 560.61 for all of
3the following:
AB100-ASA1-AA15,20,4 4(b) Evaluating applications, monitor .
AB100-ASA1-AA15,20,5 5(c) Monitoring project performance and audit.
AB100-ASA1-AA15,20,6 6(d) Auditing the grants and loans awarded under this subchapter.
AB100-ASA1-AA15, s. 2416g 7Section 2416g. 560.68 (5) (a) of the statutes is created to read:
AB100-ASA1-AA15,20,88 560.68 (5) (a) Submitting applications for grants and loans.
AB100-ASA1-AA15, s. 2417g 9Section 2417g. 560.68 (6) of the statutes is amended to read:
AB100-ASA1-AA15,20,1310 560.68 (6) If appropriate, the The board may shall require that more, as a
11condition of a grant or loan, that a recipient contribute to a project an amount that
12is not less
than 25% of the cost of any project or category of projects be paid from funds
13not provided by this state
amount of the grant or loan.
AB100-ASA1-AA15, s. 2418g 14Section 2418g. 560.68 (7) (a) of the statutes is amended to read:
AB100-ASA1-AA15,20,1715 560.68 (7) (a) Publish and disseminate information about the projects under
16ss. 560.62 to 560.66
that may be funded by a grant or loan under s. 560.61 and the
17about procedures for applying for grants and loans under s. 560.61.
AB100-ASA1-AA15, s. 2419g 18Section 2419g. 560.797 (2) (d) of the statutes is amended to read:
Loading...
Loading...