AB40-ASA1, s. 2782 3Section 2782. 231.20 of the statutes is amended to read:
AB40-ASA1,1157,14 4231.20 Waiver of construction and bidding requirements. In exercising
5its powers under s. 101.12, the department of commerce safety and professional
6services
or any city, village, town, or county may, within its discretion for proper
7cause shown, waive any particular requirements relating to public buildings,
8structures, grounds, works, and improvements imposed by law upon projects under
9this chapter; the requirements of s. 101.13 may not be waived, however. If, however,
10the prospective lessee so requests in writing, the authority shall, through the
11participating health institution, participating educational institution, participating
12research institution, or participating child care provider as its agent, call for
13construction bids in such manner as is determined by the authority with the approval
14of the lessee.
AB40-ASA1, s. 2783 15Section 2783. 231.27 (1) of the statutes is amended to read:
AB40-ASA1,1157,1916 231.27 (1) In this section, "minority business", "minority financial adviser" and
17"minority investment firm" mean a business, financial adviser and investment firm,
18respectively, certified by the department of commerce administration under s.
19560.036 16.287 (2).
AB40-ASA1, s. 2784 20Section 2784. 231.29 (1) of the statutes is amended to read:
AB40-ASA1,1157,2321 231.29 (1) In this section, "business," "financial adviser," and "investment firm"
22mean a business, financial adviser, and investment firm certified by the department
23of commerce administration under s. 560.0335 16.283 (3).
AB40-ASA1, s. 2785 24Section 2785. 231.35 (6) (a) of the statutes is amended to read:
AB40-ASA1,1158,5
1231.35 (6) (a) The authority shall enter into a guarantee agreement with any
2person who makes loans described under sub. (3) (b) and who wishes to have those
3loans guaranteed under this section. The guarantee agreement shall comply with
4the rules promulgated by the department of commerce administration under sub. (7)
5(b).
AB40-ASA1, s. 2786 6Section 2786. 231.35 (6) (b) of the statutes is amended to read:
AB40-ASA1,1158,117 231.35 (6) (b) The authority may use money from the rural hospital loan fund
8to guarantee loans made for the purposes described in sub. (3) (b), if the authority
9sets out the terms and conditions of the guarantee in a guarantee agreement that
10complies with the rules promulgated by the department of commerce administration
11under sub. (7) (b).
AB40-ASA1, s. 2787 12Section 2787. 231.35 (7) (intro.) of the statutes is amended to read:
AB40-ASA1,1158,1513 231.35 (7) (intro.) With the advice of the rural health development council, the
14department of commerce administration shall promulgate rules specifying all of the
15following:
AB40-ASA1, s. 2818 16Section 2818. 234.01 (4n) (a) 3m. e. of the statutes is amended to read:
AB40-ASA1,1158,2017 234.01 (4n) (a) 3m. e. The facility is located in a targeted area, as determined
18by the authority after considering the factors set out in s. 560.605 (2m) (c), 2005
19stats., s. 560.605 (2m) (d), 2005 stats., s. 560.605 (2m) (e), 2005 stats., s. 560.605 (2m)
20(g), 2007 stats., and s. 560.605 (2m) (a), (b), (f), and (h), 2009 stats.
AB40-ASA1, s. 2819 21Section 2819. 234.02 (1) of the statutes is amended to read:
AB40-ASA1,1159,1222 234.02 (1) There is created a public body corporate and politic to be known as
23the "Wisconsin Housing and Economic Development Authority." The members of the
24authority shall be the secretary of commerce chief executive officer of the Wisconsin
25Economic Development Corporation
or his or her designee and the secretary of

1administration or his or her designee, and 6 public members nominated by the
2governor, and with the advice and consent of the senate appointed, for staggered
34-year terms commencing on the dates their predecessors' terms expire. In addition,
4one senator of each party and one representative to the assembly of each party
5appointed as are the members of standing committees in their respective houses
6shall serve as members of the authority. A member of the authority shall receive no
7compensation for services but shall be reimbursed for necessary expenses, including
8travel expenses, incurred in the discharge of duties. Subject to the bylaws of the
9authority respecting resignations, each member shall hold office until a successor
10has been appointed and has qualified. A certificate of appointment or reappointment
11of any member shall be filed with the authority and the certificate shall be conclusive
12evidence of the due and proper appointment.
AB40-ASA1, s. 2820 13Section 2820. 234.032 (2) (intro.) of the statutes is amended to read:
AB40-ASA1,1159,1614 234.032 (2) (intro.) The authority, in consultation with the department of
15commerce
Wisconsin Economic Development Corporation, shall do all of the
16following for each economic development program administered by the authority:
AB40-ASA1, s. 2821 17Section 2821. 234.034 of the statutes is amended to read:
AB40-ASA1,1159,21 18234.034 Consistency with state housing strategy plan. Subject to
19agreements with bondholders or noteholders, the authority shall exercise its powers
20and perform its duties related to housing consistent with the state housing strategy
21plan under s. 560.9802 16.302.
AB40-ASA1, s. 2822 22Section 2822. 234.06 (1) of the statutes is amended to read:
AB40-ASA1,1160,623 234.06 (1) The authority may, as authorized in the state housing strategy plan
24under s. 560.9802 16.302, use the moneys held in the housing development fund to
25make temporary loans to eligible sponsors, with or without interest, and with such

1security for repayment, if any, as the authority determines reasonably necessary and
2practicable, solely from the housing development fund, to defray development costs
3for the construction of proposed housing projects for occupancy by persons and
4families of low and moderate income. No temporary loan may be made unless the
5authority may reasonably anticipate that satisfactory financing may be obtained by
6the eligible sponsor for the permanent financing of the housing project.
AB40-ASA1, s. 2823 7Section 2823. 234.06 (3) of the statutes is amended to read:
AB40-ASA1,1160,178 234.06 (3) The authority may, as authorized in the state housing strategy plan
9under s. 560.9802 16.302, use the moneys held in the housing development fund to
10establish and administer programs of grants to counties, municipalities , and eligible
11sponsors of housing projects for persons of low and moderate income, to pay
12organizational expenses, administrative costs, social services, technical services,
13training expenses, or costs incurred or expected to be incurred by counties,
14municipalities, or sponsors for land and building acquisition, construction,
15improvements, renewal, rehabilitation, relocation, or conservation under a plan to
16provide housing or related facilities, if the costs are not reimbursable from other
17private or public loan, grant, or mortgage sources.
AB40-ASA1, s. 2824 18Section 2824. 234.08 (5) of the statutes is amended to read:
AB40-ASA1,1160,2219 234.08 (5) This section does not supersede or impair the power of the
20department of commerce Wisconsin Economic Development Corporation to carry out
21its program responsibilities relating to economic development which are funded by
22bonds or notes issued under this section.
AB40-ASA1, s. 2825 23Section 2825. 234.08 (6) of the statutes is amended to read:
AB40-ASA1,1161,224 234.08 (6) The authority may reimburse the department of commerce
25Wisconsin Economic Development Corporation its operating costs to carry out its

1program responsibilities relating to economic development which are funded by
2bonds or notes issued under this section.
AB40-ASA1, s. 2826 3Section 2826. 234.165 (2) (b) 2. of the statutes is amended to read:
AB40-ASA1,1161,94 234.165 (2) (b) 2. Annually before August 31 the authority shall submit to the
5governor a plan for expending or encumbering the actual surplus reported under
6subd. 1. The part of the plan related to housing shall be consistent with the state
7housing strategy plan under s. 560.9802 16.302. The plan submitted under this
8subdivision may be attached to and submitted as a part of the report filed under subd.
91.
AB40-ASA1, s. 2827 10Section 2827. 234.25 (1) (e) of the statutes is amended to read:
AB40-ASA1,1161,1411 234.25 (1) (e) An evaluation of its progress in implementing within its own
12housing programs the goals, policies, and objectives of the state housing strategy
13plan under s. 560.9802 16.302, and recommendations for legislation to improve its
14ability to carry out its programs consistent with the state housing strategy plan.
AB40-ASA1, s. 2828 15Section 2828. 234.255 (title) of the statutes is amended to read:
AB40-ASA1,1161,17 16234.255 (title) Economic development assistance coordination and
17reporting.
AB40-ASA1, s. 2829 18Section 2829. 234.255 of the statutes is renumbered 234.255 (2) and amended
19to read:
AB40-ASA1,1162,2 20234.255 (2) Annually, no later than October 1, the authority shall submit to the
21joint legislative audit committee and to the appropriate standing committees of the
22legislature under s. 13.172 (3) a comprehensive report assessing economic
23development programs, as defined in s. 234.032 (1), administered by the authority.
24The report shall include all of the information required under s. 560.01 (2) (am)
25238.07 (2). The authority shall collaborate with the department of commerce

1Wisconsin Economic Development Corporation to make readily accessible to the
2public on an Internet-based system the information required under this section.
AB40-ASA1, s. 2830 3Section 2830. 234.255 (1) of the statutes is created to read:
AB40-ASA1,1162,54 234.255 (1) The authority shall coordinate any economic development
5assistance with the Wisconsin Economic Development Corporation.
AB40-ASA1, s. 2831 6Section 2831. 234.35 (1) of the statutes is amended to read:
AB40-ASA1,1162,107 234.35 (1) In this section, "minority business", "minority financial adviser" and
8"minority investment firm" mean a business, financial adviser and investment firm,
9respectively, certified by the department of commerce administration under s.
10560.036 16.287 (2).
AB40-ASA1, s. 2832 11Section 2832. 234.36 (1) of the statutes is amended to read:
AB40-ASA1,1162,1412 234.36 (1) In this section, "business," "financial adviser," and "investment firm"
13mean a business, financial adviser, and investment firm certified by the department
14of commerce administration under s. 560.0335 16.283 (3).
AB40-ASA1, s. 2832g 15Section 2832g. 234.622 (4) of the statutes is renumbered 234.622 (4) (intro.)
16and amended to read:
AB40-ASA1,1162,1717 234.622 (4) (intro.) "Participant" means a all of the following:
AB40-ASA1,1162,19 18(a) A natural person 65 years of age or older who has been accepted into the
19program.
AB40-ASA1, s. 2832r 20Section 2832r. 234.622 (4) (b) of the statutes is created to read:
AB40-ASA1,1162,2221 234.622 (4) (b) A veteran, as defined in s. 45.01 (12) (a) to (f), who has been
22accepted into the program.
AB40-ASA1, s. 2833 23Section 2833. 234.65 (1) (a) of the statutes is amended to read:
AB40-ASA1,1163,324 234.65 (1) (a) With the consent of the department of commerce Wisconsin
25Economic Development Corporation
and subject to par. (f), the authority may issue

1its negotiable bonds and notes to finance its economic development activities
2authorized or required under this chapter, including financing economic
3development loans.
AB40-ASA1, s. 2834 4Section 2834. 234.65 (1) (f) of the statutes is amended to read:
AB40-ASA1,1163,105 234.65 (1) (f) The authority may not issue bonds or notes under par. (a) unless
6it has contracted to reimburse the department of commerce Wisconsin Economic
7Development Corporation
a sum certain for the department's corporation's operating
8costs in carrying out its responsibilities to effectuate and promote the economic
9development programs created with the bonding authority in this chapter and its
10responsibilities under s. 560.03 (17) 238.25.
AB40-ASA1, s. 2835 11Section 2835. 234.65 (1m) of the statutes is amended to read:
AB40-ASA1,1163,1512 234.65 (1m) The department of commerce Wisconsin Economic Development
13Corporation
shall, in consultation with the authority, promulgate rules and adopt
14rules and procedures, in accordance with the procedures under ch. 227, to implement
15sub. (3).
AB40-ASA1, s. 2836 16Section 2836. 234.65 (3) (a) of the statutes is amended to read:
AB40-ASA1,1163,2117 234.65 (3) (a) The business that will receive the loan, at least 30 days prior to
18signing of the loan contract, has given notice of intent to sign the contract, on a form
19prescribed under s. 560.034 238.11 (1), to the department of commerce Wisconsin
20Economic Development Corporation
and to any collective bargaining agent in this
21state with whom the person has a collective bargaining agreement.
AB40-ASA1, s. 2837 22Section 2837. 234.65 (3) (am) of the statutes is amended to read:
AB40-ASA1,1164,323 234.65 (3) (am) The authority has received an estimate issued under s. 560.034
24238.11 (5) (b), and the department of commerce Wisconsin Economic Development
25Corporation
has estimated whether the project that the authority would finance

1under the loan is expected to eliminate, create, or maintain jobs on the project site
2and elsewhere in this state and the net number of jobs expected to be eliminated,
3created, or maintained as a result of the project.
AB40-ASA1, s. 2838 4Section 2838. 234.65 (3m) of the statutes is amended to read:
AB40-ASA1,1164,75 234.65 (3m) An economic development loan may not be made unless the
6department of commerce Wisconsin Economic Development Corporation complies
7with sub. (1m) and certifies that each loan complies with sub. (3).
AB40-ASA1, s. 2839 8Section 2839. 234.65 (3r) of the statutes is amended to read:
AB40-ASA1,1164,179 234.65 (3r) Any economic development loan which that a business receives
10from the authority under this section to finance a project shall require the business
11to submit to the department of commerce Wisconsin Economic Development
12Corporation
within 12 months after the project is completed or 2 years after a loan
13is issued to finance the project, whichever is sooner, on a form prescribed under s.
14560.034 234.11 (1), the net number of jobs eliminated, created, or maintained on the
15project site and elsewhere in this state as a result of the project. This subsection does
16not apply to an economic development loan to finance an economic development
17project described under s. 234.01 (4n) (c).
AB40-ASA1, s. 2840 18Section 2840. 234.65 (5) (intro.) of the statutes is amended to read:
AB40-ASA1,1164,2319 234.65 (5) (intro.) On or before July 1, 1985, and every July 1 thereafter, the
20department of commerce Wisconsin Economic Development Corporation shall
21submit to the chief clerk of each house of the legislature, for distribution to the
22appropriate standing committees under s. 13.172 (3), a report which shall address
23that addresses the effects of lending under this section in the following areas:
AB40-ASA1, s. 2840m 24Section 2840m. 234.75 of the statutes is created to read:
AB40-ASA1,1165,6
1234.75 Public affairs network loan guarantee program. (1) Definition.
2In this section, "public affairs network" means a nonprofit corporation organized
3under the laws of this state that has as its primary purpose the broadcast of
4proceedings of the legislature, including legislative committee meetings, and the
5reporting of events and activities related to politics in this state, through television,
6radio, the Internet, or similar communications media.
AB40-ASA1,1165,9 7(2) Guarantee requirements. The authority may use money from the
8Wisconsin development reserve fund to guarantee the unpaid principal of a loan
9under sub. (5) if all of the following apply:
AB40-ASA1,1165,1110 (a) The borrower applies for a loan guarantee on a form provided by the
11authority.
AB40-ASA1,1165,1312 (b) The loan is eligible for a guarantee under sub. (3), and any applicable
13requirements under sub. (5) are met.
AB40-ASA1,1165,1514 (c) The lender is the authority or a financial institution that enters into an
15agreement under s. 234.93 (2) (a).
AB40-ASA1,1165,17 16(3) Eligible loans. A loan is eligible for guarantee of collection under sub. (5)
17from the Wisconsin development reserve fund if all of the following apply:
AB40-ASA1,1165,1818 (a) The loan principal equals $5,000,000 or less.
AB40-ASA1,1165,1919 (b) The authority determines that the borrower is a public affairs network.
AB40-ASA1,1165,2120 (c) The borrower certifies that loan proceeds will be used for the borrower's
21operating expenses or expenses related to a capital project.
AB40-ASA1,1165,2322 (d) The borrower certifies that loan proceeds will not be used to refinance
23existing debt or for entertainment expenses.
AB40-ASA1,1166,3
1(e) The loan term is not less that 13 years, and the borrower is not required to
2to pay any principal or interest on the loan within the first 3 years after the loan is
3made.
AB40-ASA1,1166,54 (f) The terms of the loan authorize the lender to obtain a security interest in
5the real or personal property of the borrower to secure repayment of the loan.
AB40-ASA1,1166,9 6(4) Authority loan. The authority may make a loan to a public affairs network
7if the loan meets the eligibility requirements under sub. (3), except that the total
8principal amount of all loans that the authority makes under this subsection may not
9exceed $5,000,000.
AB40-ASA1,1166,14 10(5) Guarantee of repayment. (a) Subject to par. (b), the authority shall
11guarantee collection of all or part of the unpaid principal of a loan eligible for
12guarantee under sub. (3). The authority shall establish the amount of the unpaid
13principal of an eligible loan that will be guaranteed using the procedures described
14in the guarantee agreement under s. 234.93 (2) (a).
AB40-ASA1,1166,1515 (b) A loan guarantee under this subsection is subject to all of the following:
AB40-ASA1,1166,1716 1. The authority shall guarantee at least 90 percent of the unpaid principal of
17an eligible loan.
AB40-ASA1,1166,1918 2. The total principal amount of all loans guaranteed under this subsection may
19not exceed $5,000,000.
AB40-ASA1,1166,2420 3. Before the authority guarantees a loan under this subsection, the authority
21shall demonstrate to the satisfaction of the secretary of administration that there are
22sufficient moneys in the Wisconsin development reserve fund to guarantee the loan,
23or that there are sufficient moneys in the housing rehabilitation loan program
24administration fund that may be transferred under par. (c) to guarantee the loan.
AB40-ASA1,1167,4
1(c) Notwithstanding s. 234.51 (2), the authority may transfer moneys from the
2housing rehabilitation loan program administration fund to the Wisconsin
3development reserve fund for a loan guarantee under this subsection if all of the
4following conditions are met:
AB40-ASA1,1167,65 1. The authority determines that the transfer is necessary to secure the loan
6guarantee.
AB40-ASA1,1167,77 2. The transfer of moneys does not exceed $5,000,000.
AB40-ASA1,1167,108 3. Within 14 days after the transfer, the authority submits a report to the joint
9committee on finance that includes the amount of the transfer and a description of
10the circumstances surrounding the transfer.
AB40-ASA1, s. 2841 11Section 2841. 234.83 (1c) (b) of the statutes is amended to read:
AB40-ASA1,1167,1312 234.83 (1c) (b) "Small business" means a business, as defined in s. 560.60 (2)
1384.185 (1) (a), that employs 50 or fewer employees on a full-time basis.
AB40-ASA1, s. 2842 14Section 2842. 234.84 (1) of the statutes is amended to read:
Loading...
Loading...