AB741: Bill Text

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.

AB741, s. 31 Section 31. 234.40 (4) of the statutes is amended to read:

AB741,24,6 234.40 (4) The limitations established in ss. 234.18, 234.50, 234.60, 234.61, 234.63, and 234.65, and 234.66 are not applicable to bonds issued under the authority of this section. The authority may not have outstanding at any one time bonds for veterans housing loans in an aggregate principal amount exceeding $61,945,000, excluding bonds being issued to refund outstanding bonds.

AB741, s. 32 Section 32. 234.50 (4) of the statutes is amended to read:

AB741,24,14 234.50 (4) The limitations established in ss. 234.18, 234.40, 234.60, 234.61, 234.63, and 234.65, and 234.66 are not applicable to bonds issued under the authority of this section. The authority may not have outstanding at any one time bonds for housing rehabilitation loans in an aggregate principal amount exceeding $100,000,000, excluding bonds being issued to refund outstanding bonds. The authority shall consult with and coordinate the issuance of bonds with the building commission prior to the issuance of bonds.

AB741, s. 33 Section 33. 234.60 (2) of the statutes is amended to read:

AB741,24,17 234.60 (2) The limitations in ss. 234.18, 234.40, 234.50, 234.61, 234.63, and 234.65, and 234.66 do not apply to bonds or notes issued under this section.

AB741, s. 34 Section 34. 234.61 (1) of the statutes is amended to read:

AB741,25,2 234.61 (1) Upon the authorization of the department of health and family services, the authority may issue bonds or notes and make loans for the financing of housing projects which are residential facilities as defined in s. 46.28 (1) (d) and the development costs of those housing projects, if the department of health and family services has approved the residential facilities for financing under s. 46.28 (2). The limitations in ss. 234.18, 234.40, 234.50, 234.60, 234.63, and 234.65, and 234.66 do not apply to bonds or notes issued under this section. The definition of "nonprofit corporation" in s. 234.01 (9) does not apply to this section.

AB741, s. 35 Section 35. 234.63 (2) (b) of the statutes is amended to read:

AB741,25,5 234.63 (2) (b) The limits in ss. 234.18 (1), 234.40, 234.50, 234.60, 234.61, and 234.65, and 234.66 do not apply to bonds issued under par. (a).

AB741, s. 36 Section 36. 234.65 (1) (b) of the statutes is amended to read:

AB741,25,8 234.65 (1) (b) The limits in ss. 234.18, 234.40, 234.50, 234.60, and 234.61, and 234.66 do not apply to bonds or notes issued under this section.

AB741, s. 37 Section 37. 234.66 of the statutes is repealed.

AB741, s. 38 Section 38. 560.001 (1m) of the statutes is created to read:

AB741,25,14 560.001 (1m) "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:

AB741,25,16 (a) The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.

AB741,25,18 (b) The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.

AB741, s. 39 Section 39. 560.01 (2) (ae) of the statutes is created to read:

AB741,25,22 560.01 (2) (ae) Goals and accountability measures for economic development programs. The department shall do all of the following for each economic development program administered by the department:

AB741,25,24 1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.

AB741,26,2 2. Establish at least one quantifiable benchmark for each program goal described in subd. 1.

AB741,26,6 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.

AB741,26,9 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.

AB741,26,11 5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.

AB741,26,19 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.

AB741,26,24 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:

AB741,26,25 a. Recoup payments made to the recipient.

AB741,27,1 b. Withhold payments to be made to the recipient.

AB741,27,2 c. Impose a fine or penalty on the recipient.

AB741, s. 40 Section 40. 560.01 (2) (am) of the statutes is created to read:

AB741,27,10 560.01 (2) (am) 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 administered by the department. The department shall make readily accessible to the public on an Internet-based system the information required under this paragraph. The report shall include all of the following information:

AB741,27,11 1. A description of each program.

AB741,27,13 2. Quantifiable performance measures directly related to the purpose of the program including, when applicable, all of the following information:

AB741,27,15 a. An accounting of the location, by municipality, of each job created or retained in the state in the previous fiscal year as a result of the program.

AB741,27,17 b. An accounting of the industry classification, by municipality, of each job created or retained in the state in the previous fiscal year as a result of the program.

AB741,27,18 3. A comparison of expected and actual program outcomes.

AB741,27,19 4. The number of grants made under the program in the previous fiscal year.

AB741,27,20 5. The number of loans made under the program in the previous fiscal year.

AB741,27,22 6. The amount of each grant and loan made under the program in the previous fiscal year.

AB741,27,24 7. The recipient of each grant or loan made under the program in the previous fiscal year.

AB741,28,2 8. The sum total of all grants and loans awarded to and received by each recipient under the program in the previous fiscal year.

AB741,28,3 9. Any recommended changes to the program.

AB741, s. 41 Section 41. 560.01 (2) (as) of the statutes is created to read:

AB741,28,10 560.01 (2) (as) Coordination of economic development program goals and accountability measures; annual reporting requirements. 1. The department of commerce shall coordinate the development of programmatic goals and accountability measures as required under ss. 23.167, 36.09 (1) (am), 38.04 (1m), 41.11 (1g), 84.01 (6m), 93.07 (18), and 234.032 to ensure that the goals and measures are adequate, compatible, and effective.

AB741,28,17 2. The department of commerce shall collaborate with the department of natural resources, the Board of Regents of the University of Wisconsin System, the technical college system board, the department of tourism, the department of transportation, the department of agriculture, trade, and consumer protection, and the Wisconsin housing and economic development authority to facilitate the reporting required under ss. 23.169, 36.11 (29r), 38.04 (10m), 41.11 (1r), 84.01 (11m), 93.07 (20), and 234.255.

AB741, s. 42 Section 42. 560.03 (15) of the statutes is repealed.

AB741, s. 43 Section 43. 560.038 of the statutes is repealed.

AB741, s. 44 Section 44. 560.039 of the statutes is repealed.

AB741, s. 45 Section 45. 560.07 (3) (b) of the statutes is renumbered 560.07 (8) (intro.) and amended to read:

AB741,29,5 560.07 (8) (intro.) Contract with Forward Wisconsin, Inc., if the secretary determines it appropriate, to pay Forward Wisconsin, Inc., an amount not to exceed the amount appropriated under s. 20.143 (1) (bm), to establish and implement a nationwide business development promotion campaign to attract persons interested in locating new enterprises in this state, and to encourage the retention and expansion of businesses and jobs in this state. Funds may be expended to carry out the contract only as provided in s. 16.501. The department shall establish all of the following for the nationwide business development promotion campaign:

AB741, s. 46 Section 46. 560.07 (8) (a) of the statutes is created to read:

AB741,29,7 560.07 (8) (a) Clear and measurable goals tied to statutory policy objectives.

AB741, s. 47 Section 47. 560.07 (8) (b) of the statutes is created to read:

AB741,29,10 560.07 (8) (b) At least one quantifiable performance measure for each goal described in par. (a).

AB741, s. 48 Section 48. 560.07 (8) (c) of the statutes is created to read:

AB741,29,13 560.07 (8) (c) A method for evaluating the projected results with actual outcomes as determined by evaluating the information described in pars. (a) and (b).

AB741, s. 49 Section 49. 560.07 (9) of the statutes is amended to read:

AB741,29,22 560.07 (9) On or before July 1, 1985, and every July 1 thereafter, submit to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a Include in the report stating the net jobs gain due to required under s. 560.01 (2) (am) an assessment of the nationwide business development promotion activities conducted by Forward Wisconsin, Inc., with the funds provided to Forward Wisconsin, Inc., under s. 20.143 (1) (bm). The assessment shall address the goals and performance measures established pursuant to sub. (3) (b).

AB741, s. 50 Section 50. 560.10 of the statutes is repealed.

AB741, s. 51 Section 51. 560.11 (1) (b) of the statutes is repealed.

AB741, s. 52 Section 52. 560.13 (7) of the statutes is repealed.

AB741, s. 53 Section 53. 560.137 (1) (a) of the statutes is repealed.

AB741, s. 54 Section 54. 560.137 (1) (b) of the statutes is renumbered 560.138 (1) (at).

AB741, s. 55 Section 55. 560.137 (1) (c) of the statutes is repealed.

AB741, s. 56 Section 56. 560.137 (2) (a) (intro.) of the statutes is repealed.

AB741, s. 57 Section 57. 560.137 (2) (a) 1. of the statutes is renumbered 560.138 (2m) (a).

AB741, s. 58 Section 58. 560.137 (2) (a) 2. of the statutes is renumbered 560.138 (2m) (b).

AB741, s. 59 Section 59. 560.137 (2) (bm) of the statutes is repealed.

AB741, s. 60 Section 60. 560.137 (2) (c) of the statutes is repealed.