SB40-CSA1,1402,2424
(e) Promoting urban or regional economic development.
SB40-CSA1,1402,2525
(f) Establishing revolving loan funds.
SB40-CSA1,1403,1
1(g) Providing working capital.
SB40-CSA1,1403,22
(h) Promoting employee ownership through all of the following:
SB40-CSA1,1403,43
1. Conducting feasibility studies to investigate the reorganization or new
4incorporation of existing businesses as employee-owned businesses.
SB40-CSA1,1403,55
2. Implementing feasibility studies under subd. 1.
SB40-CSA1,1403,97
560.60
(4) "Eligible recipient" means a governing body or a person who is
8eligible to receive a grant or loan under s.
560.62, a grant or loan under s. 560.63 or
9a grant or loan under s. 560.65 560.61.
SB40-CSA1,1403,1715
560.60
(15) "Small business" means a business
operating for profit, with
250
16or fewer
than 100 employees, including employees of any subsidiary or affiliated
17organization.
SB40-CSA1, s. 3594
20Section
3594. 560.605 (1) (intro.) of the statutes is amended to read:
SB40-CSA1,1403,2521
560.605
(1) (intro.)
The Upon receipt of an application by an eligible recipient,
22the board may
consider any of the following in determining whether to award a grant
23or loan under s. 560.61
upon the receipt and consideration of an application by an
24eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all
25of the following:
SB40-CSA1,1404,22
560.605
(1) (a)
The Whether the project serves a public purpose.
SB40-CSA1,1404,54
560.605
(1) (b)
The Whether the project will retain or increase employment in
5this state.
SB40-CSA1,1404,87
560.605
(1) (c)
The Whether the project
is not likely to might not occur without
8the grant or loan.
SB40-CSA1,1404,1110
560.605
(1) (d)
Financing Whether financing is
unavailable available from
any
11other another source on reasonably equivalent terms.
SB40-CSA1,1404,1613
560.605
(1) (e)
Except as provided in s. 560.68 (6), the eligible recipient
14receiving the grant or loan will contribute, from The extent to which the project will
15be financed with funds not provided by this state
, not less than 25% of the cost of the
16project.
SB40-CSA1,1404,2119
560.605
(1) (g)
Funds Whether funds from the grant or loan
under s. 560.62,
20560.63, 560.65 or 560.66 will
not be used to pay overhead costs
, except as provided
21in s. 560.65 (1m) (b), or to replace funds from
any other another source.
SB40-CSA1,1404,2423
560.605
(1) (h)
The Whether the project will
not displace
any workers in this
24state.
SB40-CSA1,1405,42
560.605
(1) (p) For an ethanol production facility on which construction begins
3after July 27, 2005,
whether a competitive bidding process is used for the
4construction of the ethanol production facility.
SB40-CSA1, s. 3606
6Section
3606. 560.605 (2) (a) of the statutes is renumbered 560.605 (1) (j).
SB40-CSA1, s. 3607
7Section
3607. 560.605 (2) (b) of the statutes is renumbered 560.605 (1) (k).
SB40-CSA1, s. 3608
8Section
3608. 560.605 (2) (c) of the statutes is renumbered 560.605 (1) (L).
SB40-CSA1, s. 3609
9Section
3609. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m) and
10amended to read:
SB40-CSA1,1405,1111
560.605
(1) (m) The financial soundness of the
business eligible recipient.
SB40-CSA1, s. 3610
12Section
3610. 560.605 (2) (e) of the statutes is renumbered 560.605 (1) (n).
SB40-CSA1, s. 3611
13Section
3611. 560.605 (2) (f) of the statutes is renumbered 560.605 (1) (o).
SB40-CSA1, s. 3612
14Section
3612. 560.605 (2m) (intro.) of the statutes is amended to read:
SB40-CSA1,1405,1715
560.605
(2m) (intro.) When considering whether a project
under s. 560.62,
16560.63 or 560.66 will be located in a targeted area, the board
shall may consider
all
17any of the following:
SB40-CSA1,1406,2
1560.607
(1) Evaluations of proposed technical research projects
under s.
2560.62.
SB40-CSA1, s. 3622
3Section
3622. 560.61 (intro.) and (1) of the statutes are consolidated,
4renumbered 560.61 and amended to read:
SB40-CSA1,1406,9
5560.61 Wisconsin development fund. At the request of the board, the
6department
shall do all of the following: (1) Make may make a grant or loan to an
7eligible recipient
for a project that meets the criteria for funding under s. 560.605 (1)
8and (2) and under s. 560.62, 560.63, 560.65 or 560.66, whichever is appropriate, from
9the appropriations under s. 20.143 (1) (c) and (ie).
SB40-CSA1,1406,1816
560.68
(1m) The department shall establish criteria for the award of grants
17and loans under s. 560.61, including the types of projects that are eligible for funding
18and the types of eligible projects that will receive priority.
SB40-CSA1,1406,2120
560.68
(2m) The department shall determine conditions applicable to a grant
21or loan under s. 560.61.
SB40-CSA1,1407,223
560.68
(3) The department may charge a grant or loan recipient an origination
24fee of
up to not more than 2% of the grant or loan amount if the grant or loan
equals
25or exceeds $200,000
and is awarded under s. 560.63 or 560.66. The department shall
1deposit all origination fees collected under this subsection in the appropriation
2account under s. 20.143 (1) (gm).
SB40-CSA1, s. 3631
3Section
3631. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and
4amended to read:
SB40-CSA1,1407,75
560.68
(5) (intro.) The department, with the approval of the board, shall
6develop procedures
to evaluate related to grants and loans under s. 560.61 for all of
7the following:
SB40-CSA1,1407,8
8(b) Evaluating applications
, monitor
.
SB40-CSA1,1407,9
9(c) Monitoring project performance
and audit.
SB40-CSA1,1407,10
10(d) Auditing the grants and loans
awarded under this subchapter.
SB40-CSA1,1407,1212
560.68
(5) (a) Submitting applications for grants and loans.
SB40-CSA1,1407,1714
560.68
(6) If appropriate, the The board
may shall require
that more, as a
15condition of a grant or loan, that a recipient contribute to a project an amount that
16is not less than 25% of the
cost of any project or category of projects be paid from funds
17not provided by this state amount of the grant or loan.
SB40-CSA1,1407,2119
560.68
(7) (a) Publish and disseminate information about
the projects
under
20ss. 560.62 to 560.66 that may be funded by a grant or loan under s. 560.61 and
the 21about procedures for applying for grants and loans
under s. 560.61.
SB40-CSA1,1408,923
560.795
(2) (a) Except as provided in par. (d), the designation of each area under
24sub. (1) (a), (b), and (c) as a development opportunity zone shall be effective for 36
25months, with the designation of the areas under sub. (1) (a) and (b) beginning on
1April 23, 1994, and the designation of the area under sub. (1) (c) beginning on
2April 28, 1995. Except as provided in par. (d), the designation of each area under sub.
3(1) (d)
, and (e)
, and (f) as a development opportunity zone shall be effective for 84
4months, with the designation of the area under sub. (1) (d) beginning on
5January 1, 2000, and the
designations designation of the
areas area under sub. (1)
6(e)
and (f) beginning on September 1, 2001.
Except as provided in par. (d), the
7designation of the area under sub. (1) (f) as a development opportunity zone shall be
8effective for 108 months, with the designation of the area under sub. (1) (f) beginning
9on September 1, 2001.
SB40-CSA1,1408,1211
560.795
(2) (b) 6. The limit for tax benefits for the development opportunity
12zone under sub. (1) (f) is
$4,700,000 $6,700,000.
SB40-CSA1,1408,1614
560.799
(6) (e) The department shall determine the maximum amount of the
15tax credits under ss. 71.07 (3w), 71.28 (3w), and 71.47 (3w) that a certified business
16may claim and shall notify the department of revenue of this amount.
SB40-CSA1,1408,1918
560.799
(6) (f) The department shall annually verify the information submitted
19to the department under ss. 71.07 (3w), 71.28 (3w), or 71.47 (3w).
SB40-CSA1, s. 3639
20Section
3639. 560.9806 (1) (a) 3. of the statutes is amended to read:
SB40-CSA1,1408,2121
560.9806
(1) (a) 3. A community action agency under s.
46.30 49.265.
