AB741, s. 100 12Section 100. 560.82 (4) (intro.) of the statutes is amended to read:
AB741,35,1413 560.82 (4) (intro.) In any fiscal biennium, the department The board may not
14do any of the following:
AB741, s. 101 15Section 101. 560.82 (4) (a) (intro.) of the statutes is amended to read:
AB741,35,1716 560.82 (4) (a) (intro.) Award in a fiscal biennium, for grants or loans under sub.
17(1) (1m) (a), more than 25% of the total of all of the following:
AB741, s. 102 18Section 102. 560.82 (4) (a) 2. of the statutes is amended to read:
AB741,35,2119 560.82 (4) (a) 2. The lesser of the funds received in a fiscal biennium in
20repayment of grants or loans under s. 560.83, 2005 stats., and this section or the
21funds appropriated for the fiscal biennium under s. 20.143 (1) (im).
AB741, s. 103 22Section 103. 560.82 (4) (b) of the statutes is amended to read:
AB741,35,2523 560.82 (4) (b) Award, in a fiscal biennium to any one eligible recipient, as
24defined in s. 560.80 (5) (a),
or for any one early planning project, grants or loans under
25sub. (1) (1m) (a) that total more than $15,000.
AB741, s. 104
1Section 104. 560.82 (5) (a) of the statutes is repealed.
AB741, s. 105 2Section 105. 560.82 (5) (b) of the statutes is renumbered 560.82 (5) and
3amended to read:
AB741,36,74 560.82 (5) If the department board awards a grant or loan under sub. (1) (1m)
5(a)
, the department may contract directly with and pay grant or loan proceeds
6directly to any person providing technical or management assistance to the grant or
7loan
recipient.
AB741, s. 106 8Section 106. 560.83 (title) of the statutes is repealed.
AB741, s. 107 9Section 107. 560.83 (1) of the statutes is repealed.
AB741, s. 108 10Section 108. 560.83 (2) of the statutes is renumbered 560.82 (2g).
AB741, s. 109 11Section 109. 560.83 (3) of the statutes is renumbered 560.82 (2g) (c) and
12amended to read:
AB741,36,1513 560.82 (2g) (c) The board may not award a grant or loan under sub. (1) or (2)
14unless the eligible recipient or the
local development corporation submits an
15application, or other materials, in a form specified by the department by rule.
AB741, s. 110 16Section 110. 560.83 (4) (a) of the statutes is renumbered 560.82 (4) (c) and
17amended to read:
AB741,36,2118 560.82 (4) (c) In Award in any fiscal biennium, the board may not award, to any
19one eligible recipient or local development corporation or for any one development
20project, grants or loans under sub. (1) (1m) (b) that total more than $100,000 in a
21fiscal biennium.
AB741, s. 111 22Section 111. 560.83 (4) (b) of the statutes is renumbered 560.82 (4) (d) and
23amended to read:
AB741,37,3
1560.82 (4) (d) In Award, in any fiscal year, the board may not award to any one
2local development corporation, grants or loans under sub. (2) (1m) (c) that total more
3than $200,000.
AB741, s. 112 4Section 112. 560.83 (5) of the statutes is repealed.
AB741, s. 113 5Section 113. 560.837 (1) (intro.) of the statutes is renumbered 560.82 (1m) (d)
6(intro.) and amended to read:
AB741,37,107 560.82 (1m) (d) (intro.) Subject to s. 560.84, the board may award a grant under
8this subsection to
a nonprofit organization or private financial institution, as defined
9in s. 234.01 (5k), whether or not for profit, to fund a finance project if all of the
10following apply:
AB741, s. 114 11Section 114. 560.837 (1) (a) of the statutes is renumbered 560.82 (1m) (d) 1.
AB741, s. 115 12Section 115. 560.837 (1) (b) of the statutes is renumbered 560.82 (1m) (d) 2.
13and amended to read:
AB741,37,1514 560.82 (1m) (d) 2. The loans for working capital under par. (a) 1. subd. 1. a. do
15not exceed $5,000.
AB741, s. 116 16Section 116. 560.837 (2) of the statutes is renumbered 560.82 (1m) (e).
AB741, s. 117 17Section 117. 560.84 (1) (intro.) of the statutes is amended to read:
AB741,37,2118 560.84 (1) (intro.) The department or board may not award a grant or loan for
19a project under this subchapter unless, after considering the application or other
20material submitted by the eligible recipient or local development corporation, the
21department or board determines all of the following:
AB741, s. 118 22Section 118. 560.84 (1) (b) 1. of the statutes is amended to read:
AB741,37,2423 560.84 (1) (b) 1. If an early planning project under s. 560.82, that the project
24will increase employment in this state.
AB741, s. 119 25Section 119. 560.84 (1) (e) 1. of the statutes is amended to read:
AB741,38,6
1560.84 (1) (e) 1. For grants funding early planning projects under s. 560.82 (1m)
2(a)
, not less than 25% of the cost of the project. Up to 50% of the contribution under
3this subdivision may be in the form of the in-kind services of a qualified 3rd party
4or qualified 3rd parties. The department shall determine what services may be used
5as in-kind contributions and whether a 3rd party is qualified, for purposes of this
6subdivision.
AB741, s. 120 7Section 120. 560.84 (1) (f) of the statutes is amended to read:
AB741,38,98 560.84 (1) (f) That the project meets all applicable criteria set forth in s. 560.82,
9560.83, or 560.837, whichever is appropriate
.
AB741, s. 121 10Section 121. 560.84 (2) (a) 1. of the statutes is amended to read:
AB741,38,1211 560.84 (2) (a) 1. If an early planning project under s. 560.82, the extent to which
12the project will increase employment in this state.
AB741, s. 122 13Section 122. 560.85 (2) of the statutes is amended to read:
AB741,38,1714 560.85 (2) The board shall develop a policy governing the repayment of grants
15and loans made under s. 560.83 560.82 (1m) (b) and (c). The board or department
16shall deposit moneys received in repayment of grants and loans under s. 560.83
17560.82 (1m) (b) and (c) in the appropriation under s. 20.143 (1) (im).
AB741, s. 123 18Section 123. 560.85 (3) (a) of the statutes is amended to read:
AB741,38,2119 560.85 (3) (a) Develop procedures to evaluate applications and monitor project
20performance for grants awarded for early planning projects under s. 560.82 (1m) (a)
21or s. 560.835 (6), 2001 stats.
AB741, s. 124 22Section 124. 560.85 (3) (b) of the statutes is amended to read:
AB741,39,223 560.85 (3) (b) Develop procedures, with the approval of the board, to evaluate
24applications, monitor project performance, and audit grants and loans awarded for
25development projects under s. 560.83 560.82 (1m) (b), projects under s. 560.835, 2001

1stats., and finance projects and education and training projects under s. 560.837
2560.82 (1m) (d) and (e)
.
AB741, s. 125 3Section 125. 560.905 (2) of the statutes is amended to read:
AB741,39,104 560.905 (2) The standing committees of the senate and assembly with
5jurisdiction over science and technology shall advise the department concerning the
6administration of this subchapter. The department shall consider the advice of the
7committees in carrying out the functions under this subchapter. Annually, the
8department shall submit a report on the department's activities to the chief clerk of
9each house of the legislature for distribution under s. 13.172 (3) to the standing
10committees with jurisdiction over science and technology.
AB741, s. 126 11Section 126. 560.91 of the statutes is repealed.
AB741, s. 127 12Section 127. 560.915 of the statutes is repealed.
AB741, s. 128 13Section 128. 560.925 of the statutes is repealed.
AB741, s. 129 14Section 129. 560.935 of the statutes is repealed.
AB741, s. 130 15Section 130. Fiscal changes.
AB741,39,1816 (1) The unencumbered balance in the appropriation account under section
1720.143 (1) (x), 2005 stats., is transferred to the appropriation account under section
1820.143 (1) (c) of the statutes.
AB741,39,1919 (End)
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