SB393: Bill Text

SB393, s. 65 Section 65. 560.17 (4m) of the statutes is repealed.

SB393, s. 66 Section 66. 560.17 (5) of the statutes is repealed.

SB393, s. 67 Section 67. 560.17 (5b) of the statutes is created to read:

SB393,17,14 560.17 (5b) The department shall establish procedures for applying for a grant or loan under this section and for the department to evaluate and award a grant or loan under this section.

SB393, s. 68 Section 68. 560.17 (5c) and (5m) of the statutes are repealed.

SB393, s. 69 Section 69. 560.17 (5r) of the statutes, as created by 1999 Wisconsin Act 9, is repealed.

SB393, s. 70 Section 70. 560.17 (6) of the statutes is repealed.

SB393, s. 71 Section 71. 560.17 (6c) of the statutes is created to read:

SB393,17,21 560.17 (6c) The department shall deposit all moneys received in repayment of loans under this section in the appropriation account under s. 20.143 (1) (ir).

SB393, s. 72 Section 72. 560.17 (6m) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 73 Section 73. 560.17 (6r) of the statutes is repealed.

SB393, s. 74 Section 74. 560.17 (7) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 75 Section 75. 560.175 of the statutes, as created by 1999 Wisconsin Act 9, is repealed.

SB393, s. 76 Section 76. 560.20 (1) (title), (cf) and (cm) of the statutes are repealed.

SB393, s. 77 Section 77. 560.20 (1) (f) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 78 Section 78. 560.20 (1) (g) of the statutes is repealed.

SB393, s. 79 Section 79. 560.20 (1m) of the statutes is repealed.

SB393, s. 80 Section 80. 560.20 (2) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 81 Section 81. 560.20 (2c) of the statutes is created to read:

SB393,18,15 560.20 (2c) From the appropriations under s. 20.143 (1) (en) and (in), the department may make a grant or loan to an individual, a for-profit business or a nonprofit organization for a project or activity that satisfies all of the following:

SB393,18,17 (a) Is expected to lead to or provide employment opportunities for persons with severe disabilities.

SB393,18,19 (b) Contributes to the implementation of the economic development policy developed by the department under s. 560.01 (2) (a).

SB393, s. 82 Section 82. 560.20 (3) (title) of the statutes is repealed.

SB393, s. 83 Section 83. 560.20 (3) (a) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 84 Section 84. 560.20 (3) (b) and (c) of the statutes are repealed.

SB393, s. 85 Section 85. 560.20 (3) (cm) of the statutes, as created by 1999 Wisconsin Act 9, is repealed.

SB393, s. 86 Section 86. 560.20 (3) (d) and (e) of the statutes are repealed.

SB393, s. 87 Section 87. 560.20 (3) (f) (intro.) and 4. of the statutes are consolidated, renumbered 560.20 (6) and amended to read:

SB393,19,10 560.20 (6) The department shall do all of the following: 4. Deposit deposit in the appropriation account under s. 20.143 (1) (in) all interest and principal received in repayment of loans under this subsection section, any proceeds from equity investments made by the community development finance company under s. 234.965, 1991 stats., that are received by the department or the community development finance company and any unencumbered grant funds returned to the department under 1993 Wisconsin Act 437, section 9115 (1t).

SB393, s. 88 Section 88. 560.20 (3) (f) 1. to 3. of the statutes are repealed.

SB393, s. 89 Section 89. 560.20 (3) (g) and (h) of the statutes are renumbered 560.20 (7) and (8), and 560.20 (7), as renumbered, is amended to read:

SB393,19,17 560.20 (7) The department, in agreement with the for-profit business, may convert any equity investments made by the community development finance company in a for-profit business under s. 234.965, 1991 stats., to a grant or a loan under this subsection without regard to the requirements under par. (b) section.

SB393, s. 90 Section 90. 560.20 (3m), (4) and (5) of the statutes are created to read:

SB393,19,21 560.20 (3m) The department shall specify by rule the criteria for awarding a grant or loan under this section, including the types of projects and activities that are eligible for funding and which types shall receive priority for funding.

SB393,19,24 (4) The department may establish conditions on a grant or loan made under this section, including matching contributions that must be provided by the grant or loan recipient.

SB393,20,3 (5) The department shall establish procedures for applying for a grant or loan under this section and for the department to evaluate and award a grant or loan under this section.

SB393, s. 91 Section 91. 560.25 of the statutes, as created by 1999 Wisconsin Act 9, is repealed.

SB393, s. 92 Section 92. 560.26 of the statutes, as created by 1999 Wisconsin Act 9, is repealed.

SB393, s. 93 Section 93. 560.60 (1m), (1s) and (1v) of the statutes are repealed.

SB393, s. 94 Section 94. 560.60 (4) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 95 Section 95. 560.60 (6) of the statutes is repealed.

SB393, s. 96 Section 96. 560.60 (10) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 97 Section 97. 560.60 (15), (17) and (18m) of the statutes are repealed.

SB393, s. 98 Section 98. 560.602 of the statutes is repealed.

SB393, s. 99 Section 99. 560.605 of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 100 Section 100. 560.607 (1) of the statutes, as affected by 1999 Wisconsin Act 9, is amended to read:

SB393,20,21 560.607 (1) Evaluation of proposed technical research projects under s. 560.62 this subchapter.

SB393, s. 101 Section 101. 560.607 (2) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 102 Section 102. 560.61 of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 103 Section 103. 560.62 of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 104 Section 104. 560.63 of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 105 Section 105. 560.64 of the statutes is created to read:

SB393,21,14 560.64 Wisconsin development fund grants and loans. (1) From the appropriations under s. 20.143 (1) (c) and (ie), the department may make a grant or loan to a business, consortium, existing business group, higher educational institution or nonprofit organization for a manufacturing assistance, technology development, labor training, urban or regional economic development, foreign trade show or event, federal government contract, revolving loan fund, or employe ownership assistance project or activity or a major economic development project, if the project or activity contributes to the implementation of the economic development policy developed by the department under s. 560.01 (2) (a).

SB393,21,17 (2) The department shall specify by rule the criteria for awarding a grant or loan under this section, including the types of projects and activities that are eligible for funding and which types shall receive priority for funding.

SB393,21,20 (3) The department may establish conditions on a grant or loan made under this section, including matching contributions that must be provided by the grant or loan recipient.

SB393,21,23 (5) The department shall establish procedures for applying for a grant or loan under this section and for the department to evaluate and award a grant or loan under this section.

SB393,21,25 (6) The department shall deposit all moneys received in repayment of loans under this section in the appropriation account under s. 20.143 (1) (ie).

SB393, s. 106 Section 106. 560.65 (title), (1), (1m), (2) and (3) of the statutes are repealed.

SB393, s. 107 Section 107. 560.65 (4) of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 108 Section 108. 560.65 (5) (a) of the statutes is repealed.

SB393, s. 109 Section 109. 560.65 (5) (b) of the statutes is renumbered 560.67 and amended to read:

SB393,22,10 560.67 Technology and pollution control and abatement loan repayments. The department shall deposit in the recycling fund all moneys received after July 1, 1995, in repayment of loans made under this section s. 560.65, 1997 stats.

SB393, s. 110 Section 110. 560.66 of the statutes, as affected by 1999 Wisconsin Act 9, is repealed.

SB393, s. 111 Section 111. 560.68 (title) and (2) of the statutes are repealed.

SB393, s. 112 Section 112. 560.68 (3) of the statutes, as affected by 1999 Wisconsin Act 9, is renumbered 560.64 (4) and amended to read:

SB393,22,20 560.64 (4) The department may charge a grant or loan recipient an origination fee of up to 2% of the grant or loan amount if the grant or loan exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall deposit all origination fees collected under this subsection in the appropriation account under s. 20.143 (1) (gm).

SB393, s. 113 Section 113. 560.68 (4), (5), (5m), (6) and (7) of the statutes are repealed.

SB393, s. 114 Section 114. 560.685 of the statutes is repealed.

SB393, s. 115 Section 115. Subchapter VII (title) of chapter 560 [precedes 560.80] of the statutes is amended to read:

SB393,22,25 CHAPTER 560

SB393,23,2 Subchapter VII Minority business early planning and development projects

SB393, s. 116 Section 116. 560.815 of the statutes is created to read:

SB393,23,9 560.815 Minority business development grants and loans. (1) From the appropriations under s. 20.143 (1) (fm) and (im), the department may make a grant or loan to a minority business, minority group member who is a resident of this state, business incubator operator, local development corporation or private financial institution, as defined in s. 234.01 (5k), for a project or activity that does all of the following:

SB393,23,11 (a) Benefits one or more minority businesses or minority group members who are residents of this state.

SB393,23,13 (b) Contributes to the implementation of the economic development policy developed by the department under s. 560.01 (2) (a).

SB393,23,16 (2) The department shall specify by rule the criteria for awarding a grant or loan under this section, including the types of projects and activities that are eligible for funding and which types shall receive priority for funding.

SB393,23,19 (3) The department may establish conditions on a grant or loan made under this section, including matching contributions that must be provided by the grant or loan recipient.

SB393,23,22 (4) The department shall establish procedures for applying for a grant or loan under this section and for the department to evaluate and award a grant or loan under this section.

SB393,23,24 (5) The department shall deposit all moneys received in repayment of loans under this section in the appropriation account under s. 20.143 (1) (im).

SB393, s. 117 Section 117. 560.82 (6) of the statutes is created to read:

SB393,24,2 560.82 (6) The department may not award a grant under this section after December 31, 2000.

SB393, s. 118 Section 118. 560.83 (6) of the statutes is created to read:

SB393,24,5 560.83 (6) The board may not award a grant or loan under this section after December 31, 2000.

SB393, s. 119 Section 119. 560.837 (3) of the statutes is created to read:

SB393,24,8 560.837 (3) The board may not award a grant under this section after December 31, 2000.

SB393, s. 120 Section 120. 560.84 (1) (intro.) of the statutes is amended to read:

SB393,24,14 560.84 (1) (intro.) The department or board may not award a grant or loan for a project under this subchapter s. 560.82, 560.83, 560.835 or 560.837 unless, after considering the application or other material submitted by the eligible recipient or local development corporation, the department or board determines all of the following:

SB393, s. 121 Section 121. 560.85 (1) of the statutes is amended to read:

SB393,24,19 560.85 (1) The department shall promulgate rules for the administration of this subchapter ss. 560.82, 560.83, 560.835 and 560.837. The department may not promulgate a rule under this subsection unless the proposed rule has been reviewed by the board.