AB741: Bill Text

AB741,13,12 2. The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741,13,14 (b) The board, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the board:

AB741,13,16 1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,13,18 2. Establish at least one quantifiable benchmark for each program goal described in subd. 1.

AB741,13,22 3. Require that each recipient of a grant or loan under the program submit a report to the board. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the board and the performance measures to be included in the report.

AB741,13,25 4. Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in subds. 1. and 2.

AB741,14,2 5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.

AB741,14,9 6. Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the board a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The board shall include the requirement established by rule under this subdivision in the contract entered into by a grant or loan recipient.

AB741,14,14 7. Establish by rule policies and procedures permitting the board to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the board or fails to comply with the terms of a contract entered into with the board under the program and fails to provide to the satisfaction of the board an explanation for the noncompliance:

AB741,14,15 a. Recoup payments made to the recipient.

AB741,14,16 b. Withhold payments to be made to the recipient.

AB741,14,17 c. Impose a fine or penalty on the recipient.

AB741, s. 18 Section 18. 38.04 (10m) of the statutes is created to read:

AB741,15,2 38.04 (10m) Economic development assistance reporting. Annually, no later than October 1, the board shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (1m) (a), administered by the board. The report shall include all of the information required under s. 560.01 (2) (am). The board shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this subsection.

AB741, s. 19 Section 19. 41.11 (1g) of the statutes is created to read:

AB741,15,8 41.11 (1g) Goals and accountability measures for economic development programs. (a) In this subsection, "economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:

AB741,15,10 1. The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.

AB741,15,12 2. The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741,15,15 (b) The department, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the department:

AB741,15,17 1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,15,19 2. Establish at least one quantifiable benchmark for each program goal described in subd. 1.

AB741,15,23 3. Require that each recipient of a grant or loan under the program submit a report to the department. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the department and the performance measures to be included in the report.

AB741,16,3 4. Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in subds. 1. and 2.

AB741,16,5 5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.

AB741,16,13 6. Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the department a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The department shall include the requirement established by rule under this subdivision in the contract entered into by a grant or loan recipient.

AB741,16,18 7. Establish by rule policies and procedures permitting the department to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the department or fails to comply with the terms of a contract entered into with the department under the program and fails to provide to the satisfaction of the department an explanation for the noncompliance:

AB741,16,19 a. Recoup payments made to the recipient.

AB741,16,20 b. Withhold payments to be made to the recipient.

AB741,16,21 c. Impose a fine or penalty on the recipient.

AB741, s. 20 Section 20. 41.11 (1r) of the statutes is created to read:

AB741,17,5 41.11 (1r) Economic development assistance reporting. Annually, no later than October 1, the department shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (1g) (a), administered by the department. The report shall include all of the information required under s. 560.01 (2) (am). The department shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this subsection.

AB741, s. 21 Section 21. 84.01 (6m) of the statutes is created to read:

AB741,17,11 84.01 (6m) Goals and accountability measures for economic development programs. (a) In this subsection, "economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:

AB741,17,13 1. The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.

AB741,17,15 2. The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741,17,18 (b) The department, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the department:

AB741,17,20 1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,17,22 2. Establish at least one quantifiable benchmark for each program goal described in subd. 1.

AB741,18,2 3. Require that each recipient of a grant or loan under the program submit a report to the department. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the department and the performance measures to be included in the report.

AB741,18,5 4. Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in subds. 1 and 2.

AB741,18,7 5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.

AB741,18,15 6. Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the department a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The department shall include the requirement established by rule under this subdivision in the contract entered into by a grant or loan recipient.

AB741,18,20 7. Establish by rule policies and procedures permitting the department to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the department or fails to comply with the terms of a contract entered into with the department under the program and fails to provide to the satisfaction of the department an explanation for the noncompliance:

AB741,18,21 a. Recoup payments made to the recipient.

AB741,18,22 b. Withhold payments to be made to the recipient.

AB741,18,23 c. Impose a fine or penalty on the recipient.

AB741, s. 22 Section 22. 84.01 (11m) of the statutes is created to read:

AB741,19,8 84.01 (11m) Economic development assistance reporting. Annually, no later than October 1, the department shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (6m) (a), administered by the department. The report shall include all of the information required under s. 560.01 (2) (am). The department shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this subsection.

AB741, s. 23 Section 23. 93.07 (18) of the statutes is created to read:

AB741,19,14 93.07 (18) Goals and accountability measures for economic development programs. (a) In this subsection, "economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:

AB741,19,16 1. The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.

AB741,19,18 2. The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741,19,21 (b) In consultation with the department of commerce, to do all of the following for each economic development program administered by the department of agriculture, trade and consumer protection:

AB741,19,23 1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,19,25 2. Establish at least one quantifiable benchmark for each program goal described in subd. 1.

AB741,20,4 3. Require that each recipient of a grant or loan under the program submit a report to the department. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the department and the performance measures to be included in the report.

AB741,20,7 4. Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in subds. 1. and 2.

AB741,20,9 5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.

AB741,20,17 6. Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the department a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The department shall include the requirement established by rule under this subdivision in the contract entered into by a grant or loan recipient.

AB741,20,22 7. Establish by rule policies and procedures permitting the department to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the department or fails to comply with the terms of a contract entered into with the department under the program and fails to provide to the satisfaction of the department an explanation for the noncompliance:

AB741,20,23 a. Recoup payments made to the recipient.

AB741,20,24 b. Withhold payments to be made to the recipient.

AB741,20,25 c. Impose a fine or penalty on the recipient.

AB741, s. 24 Section 24. 93.07 (20) of the statutes is created to read:

AB741,21,9 93.07 (20) Economic development assistance reporting. Annually, no later than October 1, to submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (18) (a), administered by the department. The report shall include all of the information required under s. 560.01 (2) (am). The department shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this subsection.

AB741, s. 25 Section 25. 93.46 (2) (e) of the statutes is amended to read:

AB741,21,12 93.46 (2) (e) The department may not make a grant under this subsection or s. 93.47 that exceeds 75 percent of project costs.

AB741, s. 26 Section 26. 93.47 of the statutes is repealed.

AB741, s. 27 Section 27. 234.03 (2m) of the statutes is amended to read:

AB741,21,16 234.03 (2m) To issue notes and bonds in accordance with ss. 234.08, 234.40, 234.50, 234.60, 234.61, 234.626, 234.63, and 234.65 , and 234.66.

AB741, s. 28 Section 28. 234.032 of the statutes is created to read:

AB741,21,22 234.032 Goals and accountability measures for economic development programs. (1) In this section, "economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:

AB741,21,24 (a) The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.

AB741,22,2 (b) The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741,22,5 (2) The authority, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the authority:

AB741,22,7 (a) Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,22,9 (b) Establish at least one quantifiable benchmark for each program goal described in par. (a).

AB741,22,13 (c) Require that each recipient of a grant or loan under the program submit a report to the authority. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the authority and the performance measures to be included in the report.

AB741,22,16 (d) Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in pars. (a) and (b).

AB741,22,18 (e) Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under par. (c).

AB741,22,25 (f) Establish by rule a requirement that the recipient of a grant or loan under the program of at least $100,000 submit to the authority a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The authority shall include the requirement established by rule under this paragraph in the contract entered into by a grant or loan recipient.

AB741,23,5 (g) Establish by rule policies and procedures permitting the authority to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the board or fails to comply with the terms of a contract entered into with the authority under the program and fails to provide to the satisfaction of the authority an explanation for the noncompliance:

AB741,23,6 1. Recoup payments made to the recipient.

AB741,23,7 2. Withhold payments to be made to the recipient.

AB741,23,8 3. Impose a fine or penalty on the recipient.

AB741, s. 29 Section 29. 234.255 of the statutes is created to read:

AB741,23,17 234.255 Economic development assistance reporting. Annually, no later than October 1, the authority shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing economic development programs, as defined in s. 234.032 (1), administered by the authority. The report shall include all of the information required under s. 560.01 (2) (am). The authority shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this section.

AB741, s. 30 Section 30. 234.265 (2) of the statutes is amended to read:

AB741,23,25 234.265 (2) Records or portions of records consisting of personal or financial information provided by a person seeking a grant or loan under s. 234.04, 234.08, 234.49, 234.59, 234.61, 234.63, 234.65, 234.67, 234.83, 234.84, 234.90, 234.905, 234.907, or 234.91, seeking a loan under ss. 234.621 to 234.626, seeking financial assistance under s. 234.66, 2005 stats., seeking investment of funds under s. 234.03 (18m), or in which the authority has invested funds under s. 234.03 (18m), unless the person consents to disclosure of the information.