AB40-ASA1,1298,97 452.13 (5) Rules. In consultation with the department of regulation and
8licensing
safety and professional services, the department of commerce
9administration shall promulgate rules necessary to administer this section.
AB40-ASA1, s. 3276 10Section 3276. 452.14 (1) of the statutes is amended to read:
AB40-ASA1,1298,1511 452.14 (1) The department board shall, upon motion of the board secretary or
12his or her designee
or upon its own determination, conduct investigations and, as
13appropriate, may hold hearings and make findings, if the board or the department
14receives credible information that a broker, salesperson, or time-share salesperson
15has violated this chapter or any rule promulgated under this chapter.
AB40-ASA1, s. 3277 16Section 3277. 452.14 (2) of the statutes is amended to read:
AB40-ASA1,1298,2217 452.14 (2) The department shall present the findings of any investigation of
18a licensee or registrant to the board for its consideration.
The department shall upon
19motion of the board, and
board may, upon its own determination, commence
20disciplinary proceedings on any matter under investigation concerning a licensee or
21registrant. No investigation of a licensee or registrant may be closed without motion
22of the board.
AB40-ASA1, s. 3278 23Section 3278. 452.14 (3) (L) of the statutes is amended to read:
AB40-ASA1,1298,2524 452.14 (3) (L) Violated any provision of this chapter or any rule promulgated
25under this chapter
;
AB40-ASA1, s. 3279
1Section 3279. 452.17 (2) of the statutes is amended to read:
AB40-ASA1,1299,72 452.17 (2) Any person who engages in or follows the business or occupation of,
3or advertises or holds himself or herself out as or acts temporarily or otherwise as,
4a time-share salesperson in this state without being registered with the department
5board shall be prosecuted by the district attorney in the county where the violation
6occurs and may be fined not less than $25 nor more than $200 or imprisoned not less
7than 10 days nor more than 6 months or both.
AB40-ASA1, s. 3280 8Section 3280. 452.22 (2) of the statutes is amended to read:
AB40-ASA1,1299,179 452.22 (2) The certificate of the secretary chairperson of the board or his or her
10designee to the effect that a specified individual or business entity is not or was not
11on a specified date the holder of a broker's, salesperson's, or time-share salesperson's
12license or registration, or that a specified license or registration was not in effect on
13a date specified, or as to the issuance, limitation, suspension, or revocation of any
14license or registration or the reprimand of any license or registration holder thereof,
15the filing or withdrawal of any application or its existence or nonexistence, is prima
16facie evidence of the facts therein stated in the certificate for all purposes in any
17action or proceedings.
AB40-ASA1, s. 3281 18Section 3281. 462.01 (3) of the statutes is amended to read:
AB40-ASA1,1299,2019 462.01 (3) "Department" means the department of regulation and licensing
20safety and professional services.
AB40-ASA1, s. 3283 21Section 3283. 551.403 (2) (a) 2. of the statutes is amended to read:
AB40-ASA1,1299,2322 551.403 (2) (a) 2. Institutional investors, except any institutional investor
23described in s. 551.102 (11) (k), (m), or (o)
.
AB40-ASA1, s. 3284 24Section 3284. 551.403 (2) (a) 2m. of the statutes is amended to read:
AB40-ASA1,1300,2
1551.403 (2) (a) 2m. Accredited investors as defined in Rule 501 (a) (1), (2), or
2(3), (7) or (8) adopted under the Securities Act of 1933.
AB40-ASA1, s. 3285 3Section 3285. Chapter 560 (title) of the statutes is repealed.
AB40-ASA1, s. 3286 4Section 3286. Subchapter I (title) of chapter 560 [precedes 560.001] of the
5statutes is repealed.
AB40-ASA1, s. 3287 6Section 3287. 560.001 of the statutes is repealed.
AB40-ASA1, s. 3288 7Section 3288. 560.01 (title), (1) and (2) of the statutes are repealed.
AB40-ASA1, s. 3289 8Section 3289. 560.01 (3) of the statutes is renumbered 238.04 (14) and
9amended to read:
AB40-ASA1,1300,1310 238.04 (14) Foreign office agreements. The department may enter Enter into
11agreements regarding compensation, space, and other administrative matters as are
12necessary to operate departmental offices in other states and foreign countries. Such
13agreements shall be subject to the approval of the secretary of administration.
AB40-ASA1, s. 3290 14Section 3290. 560.02 of the statutes is repealed.
AB40-ASA1, s. 3291 15Section 3291. 560.03 (title) of the statutes is repealed.
AB40-ASA1, s. 3292 16Section 3292. 560.03 (intro.) of the statutes is repealed.
AB40-ASA1, s. 3293 17Section 3293. 560.03 (1) of the statutes is repealed.
AB40-ASA1, s. 3294 18Section 3294. 560.03 (2) of the statutes is repealed.
AB40-ASA1, s. 3295 19Section 3295. 560.03 (3) of the statutes is repealed.
AB40-ASA1, s. 3296 20Section 3296. 560.03 (4) of the statutes is repealed.
AB40-ASA1, s. 3297 21Section 3297. 560.03 (4m) of the statutes is repealed.
AB40-ASA1, s. 3298 22Section 3298. 560.03 (5) of the statutes is repealed.
AB40-ASA1, s. 3299 23Section 3299. 560.03 (6) of the statutes is repealed.
AB40-ASA1, s. 3299m 24Section 3299m. 560.03 (7) of the statutes is repealed.
AB40-ASA1, s. 3300 25Section 3300. 560.03 (8) of the statutes is repealed.
AB40-ASA1, s. 3301
1Section 3301. 560.03 (9) of the statutes is repealed.
AB40-ASA1, s. 3302 2Section 3302. 560.03 (10) of the statutes is repealed.
AB40-ASA1, s. 3303 3Section 3303. 560.03 (11) of the statutes is repealed.
AB40-ASA1, s. 3304 4Section 3304. 560.03 (16) of the statutes is repealed.
AB40-ASA1, s. 3305 5Section 3305. 560.03 (17) of the statutes is renumbered 238.25 and amended
6to read:
AB40-ASA1,1301,11 7238.25 Assistance to loan recipients. Assist The corporation shall assist
8new businesses and small businesses receiving economic development loans under
9s. 234.65 (1) (a) or the assistance of the Wisconsin Housing and Economic
10Development Authority in locating sources of venture capital and in obtaining the
11state and federal licenses and permits necessary for business operations.
AB40-ASA1, s. 3306 12Section 3306. 560.03 (18) of the statutes is repealed.
AB40-ASA1, s. 3307 13Section 3307. 560.03 (19) of the statutes is repealed.
AB40-ASA1, s. 3308 14Section 3308. 560.03 (20) of the statutes is repealed.
AB40-ASA1, s. 3309 15Section 3309. 560.03 (21) of the statutes is repealed.
AB40-ASA1, s. 3310 16Section 3310. 560.03 (22) of the statutes is repealed.
AB40-ASA1, s. 3311 17Section 3311. 560.03 (23) of the statutes is repealed.
AB40-ASA1, s. 3312 18Section 3312. 560.03 (25) of the statutes is repealed.
AB40-ASA1, s. 3313 19Section 3313. 560.03 (26) of the statutes is repealed.
AB40-ASA1, s. 3314 20Section 3314. 560.031 of the statutes is repealed.
AB40-ASA1, s. 3315 21Section 3315. 560.032 of the statutes is renumbered 238.10 and amended to
22read:
AB40-ASA1,1302,5 23238.10 Allocation of volume cap on tax-exempt bonds. (1) Allocation.
24The department, by rule, corporation shall establish under 26 USC 146 and
25administer a system for the allocation of the volume cap on the issuance of private

1activity bonds, as defined under 26 USC 141 (a), among all municipalities, as defined
2in s. 67.01 (5), and any corporation formed on behalf of those municipalities, and
3among this state, the Wisconsin Health and Educational Facilities Authority, the
4Wisconsin Aerospace Authority, and the Wisconsin Housing and Economic
5Development Authority.
AB40-ASA1,1302,11 6(2) Amendment to allocation. At any time prior to December 31 in any year,
7the department corporation may promulgate adopt rules to revise the allocation
8system established for that year under sub. (1), except that any revision under this
9subsection does not apply to any allocation under which the recipient of that
10allocation has adopted a resolution authorizing the issuance of a private activity
11bond, as defined in 26 USC 141 (a).
AB40-ASA1,1302,16 12(3) Conditions. The department corporation may establish, by rule, any
13procedure for, and place any condition upon, the granting of an allocation under this
14section which the department corporation deems to be in the best interest of the state
15including, but not limited to, a requirement that a cash deposit, at a rate established
16by the department in the rules corporation, be a condition for an allocation.
AB40-ASA1,1302,19 17(4) Certification. If the secretary corporation receives notice of the issuance
18of a bond under an allocation under subs. (1) to (3), the secretary corporation shall
19certify that that bond meets the requirements of 26 USC 146.
AB40-ASA1, s. 3316 20Section 3316. 560.033 of the statutes is repealed.
AB40-ASA1, s. 3317 21Section 3317. 560.0335 of the statutes is renumbered 16.283.
AB40-ASA1, s. 3318 22Section 3318. 560.034 of the statutes is renumbered 238.11, and 238.11 (1),
23(2), (3) and (5) (intro.), as renumbered, are amended to read:
AB40-ASA1,1303,524 238.11 (1) The department corporation shall prescribe the notice forms to be
25used under ss. 66.1103 (4m) (a) 1. and 234.65 (3) (a). The department corporation

1shall include on the forms a requirement for information on the number of jobs the
2person submitting the notice expects to be eliminated, created, or maintained on the
3project site and elsewhere in this state by the project which is the subject of the
4notice. The department corporation shall prescribe the forms to be used under ss.
566.1103 (4m) (b) and 234.65 (3r).
AB40-ASA1,1303,11 6(2) If the department corporation receives a notice under s. 66.1103 (4m) (a),
7the department corporation shall estimate, no later than 20 days after receipt of the
8notice, whether the project which that is the subject of the notice is expected to
9eliminate, create, or maintain jobs on the project site and elsewhere in this state and
10the net number of jobs expected to be eliminated, created, or maintained as a result
11of the project.
AB40-ASA1,1303,17 12(3) If the department corporation receives a notice under s. 234.65 (3) (a), the
13department corporation shall estimate, no later than 20 days after receipt of the
14notice, whether the project which is the subject of the notice is expected to eliminate,
15create, or maintain jobs on the project site and elsewhere in this state and the net
16number of jobs expected to be eliminated, created, or maintained as a result of the
17project.
AB40-ASA1,1303,18 18(5) (intro.) The department corporation shall issue an estimate made:
AB40-ASA1, s. 3319 19Section 3319. 560.035 of the statutes is renumbered 16.285.
AB40-ASA1, s. 3320 20Section 3320. 560.036 of the statutes is renumbered 16.287.
AB40-ASA1, s. 3321m 21Section 3321m. 560.037 of the statutes is repealed.
AB40-ASA1, s. 3322 22Section 3322. 560.04 of the statutes is repealed.
AB40-ASA1, s. 3323 23Section 3323. 560.045 of the statutes is repealed.
AB40-ASA1, s. 3324 24Section 3324. 560.047 of the statutes is repealed.
AB40-ASA1, s. 3325 25Section 3325. 560.05 of the statutes is repealed.
AB40-ASA1, s. 3326
1Section 3326. 560.07 of the statutes is repealed.
AB40-ASA1, s. 3327 2Section 3327. 560.075 of the statutes is renumbered 238.12, and 238.12 (2),
3as renumbered, is amended to read:
AB40-ASA1,1304,114 238.12 (2) The department corporation may not award a grant or loan under
5this chapter to a person or certify a person to receive tax benefits unless the
6department corporation enters into an agreement with the person that requires the
7person to repay the grant, loan, or tax benefits if, within 5 years after receiving the
8grant or loan or being certified to receive tax benefits, the person ceases to conduct
9in this state the economic activity for which the person received the grant or loan or
10for which the person was certified to receive tax benefits and commences
11substantially the same economic activity outside this state.
AB40-ASA1, s. 3328 12Section 3328. 560.08 (1), (2) (intro.), (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j)
13of the statutes are repealed.
AB40-ASA1, s. 3329 14Section 3329. 560.08 (2) (m) of the statutes is renumbered 238.26 and
15amended to read:
AB40-ASA1,1304,19 16238.26 Report to investment board. No later than September 30 of each
17even-numbered year, the corporation shall submit to the investment board a report
18describing the types of investments in businesses in this state which that will have
19the greatest likelihood of enhancing economic development in this state.
AB40-ASA1, s. 3330c 20Section 3330c. 560.081 (1) and (2) (intro.) and (a) of the statutes are
21renumbered 238.127 (2) (intro.) and (a), and 238.127 (2) (intro.), as renumbered, is
22amended to read:
AB40-ASA1,1305,323 238.127 (2) (intro.) The department corporation shall establish and administer
24a state main street program to coordinate state and local participation in programs
25offered by the national main street center, created by the national trust for historic

1preservation, to assist municipalities in planning, managing and implementing
2programs for the revitalization of business areas. The department corporation shall
3do all of the following:
AB40-ASA1, s. 3330g 4Section 3330g. 560.081 (2) (b) of the statutes is repealed.
AB40-ASA1, s. 3330m 5Section 3330m. 560.081 (2) (c) to (h) of the statutes are renumbered 238.127
6(2) (c) to (h), and 238.127 (2) (c) (intro.), (e), (f) 4. and (h), as renumbered, are amended
7to read:
AB40-ASA1,1305,118 238.127 (2) (c) (intro.) With help from the council on main street programs and
9from
interested individuals and organizations, develop a plan describing the
10objectives of the state main street program and the methods by which the
11department corporation shall:
AB40-ASA1,1305,2012 (e) Annually select, upon application, up to 5 municipalities to participate in
13the state main street program. The program for each municipality shall conclude
14after 3 years, except that the program for each municipality selected after July 29,
151995, shall conclude after 5 years. The department corporation shall select program
16participants representing various geographical regions and populations. A
17municipality may apply to participate, and the department corporation may select
18a municipality for participation, more than one time. In selecting a municipality,
19however, the department corporation may give priority to those municipalities that
20have not previously participated.
AB40-ASA1,1305,2221 (f) 4. Local assistance in paying for the services of a design consultant
22recommended by the council on main street programs.
AB40-ASA1,1306,323 (h) Provide training, technical assistance and information on the revitalization
24of business areas to municipalities which do not participate in the state main street
25program. The department corporation may charge reasonable fees for the services

1and information provided under this paragraph. The department shall deposit all
2fees collected under this paragraph in the appropriation account under s. 20.143 (1)
3(g).
AB40-ASA1, s. 3330s 4Section 3330s. 560.081 (2) (i) of the statutes is repealed.
AB40-ASA1, s. 3331 5Section 3331. 560.082 of the statutes is repealed.
AB40-ASA1, s. 3332 6Section 3332. 560.09 of the statutes is repealed.
AB40-ASA1, s. 3333 7Section 3333. 560.097 of the statutes is renumbered 238.125 and amended to
8read:
AB40-ASA1,1306,11 9238.125 Notification of position openings; compliance. The department
10corporation shall monitor compliance with the position-opening notification
11requirements under ss. 66.1103 (6m) and 106.16.
AB40-ASA1, s. 3334b 12Section 3334b. 560.11 of the statutes is renumbered 285.795, and 285.795 (1)
13(a) and (2), as renumbered, are amended to read:
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