SB6-ASA1,22,2323 3. Impose a financial penalty on the recipient.
SB6-ASA1,23,3
1238.04 Powers of board. The board shall have all the powers necessary or
2convenient to carry out the purposes and provisions of this chapter. In addition to
3all other powers granted the board under this chapter, the board may specifically:
SB6-ASA1,23,5 4(1) Adopt, amend, and repeal any bylaws, policies, and procedures for the
5regulation of its affairs and the conduct of its business.
SB6-ASA1,23,6 6(2) Have a seal and alter the seal at pleasure.
SB6-ASA1,23,7 7(3) Maintain an office.
SB6-ASA1,23,8 8(4) Sue and be sued.
SB6-ASA1,23,10 9(5) Accept gifts, grants, loans, or other contributions from private or public
10sources.
SB6-ASA1,23,12 11(6) Establish the corporation's annual budget and monitor the fiscal
12management of the corporation.
SB6-ASA1,23,14 13(7) Execute contracts and other instruments required for the operation of the
14corporation.
SB6-ASA1,23,16 15(8) Employ any officers, agents, and employees that it may require and
16determine their qualifications, duties, and compensation.
SB6-ASA1,23,17 17(9) Issue notes, bonds, and any other obligations.
SB6-ASA1,23,18 18(10) Make loans and provide grants.
SB6-ASA1,23,19 19(11) Incur debt.
SB6-ASA1,23,20 20(12) Procure liability insurance.
SB6-ASA1,23,22 21(13) Elect to become a participating employer in the Wisconsin Retirement
22System under s. 40.21 (1).
SB6-ASA1,24,2 23(14) Enter into a memorandum of understanding with the department of
24commerce to administer the tax benefit and tax credit and other economic

1development programs under ch. 560 and to assume the department's reporting
2requirements related to those programs.
SB6-ASA1,24,6 3238.05 Department of commerce assistance and coordination. (1) If
4requested by the board, the department of commerce shall provide staff or other
5resources to assist the board in carrying out the purposes and provisions of this
6chapter.
SB6-ASA1,24,8 7(2) To the greatest extent practicable, the department of commerce and the
8board shall seek to coordinate their economic development programs.
SB6-ASA1,24,12 9238.06 Liability limited. Neither the state nor any political subdivision of
10the state, nor any officer, employee, or agent of the state or a political subdivision of
11the state who is acting within the scope of employment or agency, is liable for any
12debt, obligation, act, or omission of the corporation.
SB6-ASA1,24,17 13238.07 Submission of annual reports to legislature. (1) Annually, by
14January 1, the board shall submit to the chief clerk of each house of the legislature,
15for distribution to the legislature under s. 13.172 (2), a report identifying the
16economic development projects that the board intends to develop and implement
17during the current calendar year.
SB6-ASA1,24,22 18(2) Annually, no later than October l, the board shall submit to the joint
19legislative audit committee and the chief clerk of each house of the legislature, for
20distribution to the legislature under s. 13.172 (2), a report for the previous fiscal year
21on each of the economic development programs of the corporation that contains all
22of the following:
SB6-ASA1,24,2323 (a) A description of each program.
SB6-ASA1,24,2424 (b) A comparison of expected and actual program outcomes.
SB6-ASA1,24,2525 (c) The number of grants made under the program.
SB6-ASA1,25,1
1(d) The number of loans made under the program.
SB6-ASA1,25,22 (e) The amount of each grant and loan made under the program.
SB6-ASA1,25,33 (f) The recipient of each grant or loan made under the program.
SB6-ASA1,25,54 (g) The sum total of all grants and loans awarded to and received by each
5recipient under the program.
SB6-ASA1,25,66 (h) Any recommended changes to the program.
SB6-ASA1,25,8 7(3) The board shall make readily accessible to the public on an Internet-based
8system the information required under sub. (2).
SB6-ASA1,25,17 9238.10 Excess reserves. In any fiscal year, if the reserves in the accounts of
10the corporation are greater than 125 percent of the moneys appropriated to the
11corporation under s. 20.192 in that fiscal year, the board shall submit a report to the
12joint committee on finance specifying the amount of the reserves and the reasons for
13why the reserves exceed 125 percent of the moneys appropriated to the corporation
14under s. 20.192 in that fiscal year. If the joint committee on finance determines that
15the reasons are not sufficient to justify the amount of the reserves, the joint
16committee on finance may require the board to pay any excess reserves to the general
17fund.
SB6-ASA1, s. 52 18Section 52. 281.75 (4) (b) 3. of the statutes is amended to read:
SB6-ASA1,25,2019 281.75 (4) (b) 3. An authority created under subch. II of ch. 114 or ch. 52, 231,
20233, 234, or 237, or 238.
SB6-ASA1, s. 53 21Section 53. 285.59 (1) (b) of the statutes is amended to read:
SB6-ASA1,26,622 285.59 (1) (b) "State agency" means any office, department, agency, institution
23of higher education, association, society, or other body in state government created
24or authorized to be created by the constitution or any law which is entitled to expend
25moneys appropriated by law, including the legislature and the courts, the Wisconsin

1Housing and Economic Development Authority, the Bradley Center Sports and
2Entertainment Corporation, the University of Wisconsin Hospitals and Clinics
3Authority, the Fox River Navigational System Authority, the Wisconsin Aerospace
4Authority, the Wisconsin Quality Home Care Authority, the Wisconsin Economic
5Development Corporation,
and the Wisconsin Health and Educational Facilities
6Authority.
SB6-ASA1, s. 9155 7Section 9155. Nonstatutory provisions; Other.
SB6-ASA1,26,138 (1) Abolition of department of commerce positions. Notwithstanding section
916.505 (1) of the statutes, before July 1, 2011, the secretary of administration may
10abolish any full-time equivalent position or portion thereof that is funded from the
11general fund from revenues appropriated under section 20.143 of the statutes and
12that is assigned duties relating to economic development programs of the
13department of commerce.
SB6-ASA1,26,2314 (2) Transfer of moneys from the department of commerce to the Wisconsin
15Economic Development Corporation.
Before July 1, 2011, or the effective date of the
162011-2013 biennial budget act, whichever is later, the secretary of administration
17may transfer moneys from any general fund appropriation under section 20.143 (1)
18or (4) of the statutes that are used to fund economic development programs of the
19department of commerce to the appropriation under section 20.192 (1) (k) of the
20statutes, as created by this act. The secretary may not transfer any moneys under
21this subsection if the transfer of those moneys would violate a condition imposed by
22the federal government on the expenditure of the moneys or if the transfer would
23violate the federal or state constitution.
SB6-ASA1, s. 9455 24Section 9455. Effective dates; Other.
SB6-ASA1,27,2
1(1 ) Dual employment. The treatment of section 16.417 (1) (a) (by Section 20 )
2and (b) of the statutes takes effect on January 1, 2012.
Loading...
Loading...