SB40: Bill Text

SB40, s. 3557 Section 3557. 480.08 (3) (b) of the statutes is amended to read:

SB40,1572,18 480.08 (3) (b) Pays the initial credential fee specified in s. 440.05 (1) determined by the department under s. 440.03 (9) (a).

SB40, s. 3558 Section 3558. 480.08 (5) of the statutes is amended to read:

SB40,1573,3 480.08 (5) Expiration and renewal. The renewal date and renewal fee for certificates granted under this chapter, other than temporary certificates granted under sub. (7), are is specified under s. 440.08 (2) (a), and the renewal fee for certificates granted under this chapter, other than temporary certificates granted under sub. (7), is determined by the department under s. 440.03 (9) (a). Renewal applications shall include evidence satisfactory to the department that the applicant holds a current permit issued under s. 77.52 (9). A renewal application for an auctioneer certificate shall be accompanied by proof of completion of continuing education requirements under sub. (6).

SB40, s. 3559 Section 3559. 551.32 (1) (bm) 2. b. of the statutes is amended to read:

SB40,1573,7 551.32 (1) (bm) 2. b. The division may disclose information under subd. 1. a. to the department of workforce development children and families in accordance with a memorandum of understanding under s. 49.857.

SB40, s. 3560 Section 3560. 551.32 (1) (bs) 1. of the statutes is amended to read:

SB40,1573,14 551.32 (1) (bs) 1. If an applicant for the issuance or renewal of a license under this section is an individual who does not have a social security number, the applicant, as a condition of applying for or applying to renew the license, shall submit a statement made or subscribed under oath or affirmation to the division that the applicant does not have a social security number. The form of the statement shall be prescribed by the department of workforce development children and families.

SB40, s. 3561 Section 3561. 551.34 (1m) (a) 3. of the statutes is amended to read:

SB40,1573,25 551.34 (1m) (a) 3. The applicant is an individual who fails to comply, after appropriate notice, with a subpoena or warrant issued by the department of workforce development children and families or a county child support agency under s. 59.53 (5) and related to paternity or child support proceedings or who is delinquent in making court-ordered payments of child or family support, maintenance, birth expenses, medical expenses or other expenses related to the support of a child or former spouse, as provided in a memorandum of understanding entered into under s. 49.857. An applicant whose application is denied under this subdivision for delinquent payments is entitled to a notice and hearing under s. 49.857 but is not entitled to any other notice or hearing under this section.

SB40, s. 3562 Section 3562. 551.34 (1m) (b) of the statutes is amended to read:

SB40,1574,14 551.34 (1m) (b) Unless s. 551.32 (1) (bs) 1. applies to the licensee, the division shall restrict or suspend a license under this subchapter if the licensee is an individual who fails to provide his or her social security number. The division shall restrict or suspend a license under this subchapter if the licensee is an individual who fails to comply, after appropriate notice, with a subpoena or warrant issued by the department of workforce development children and families or a county child support agency under s. 59.53 (5) and related to paternity or child support proceedings or who is delinquent in making court-ordered payments of child or family support, maintenance, birth expenses, medical expenses or other expenses related to the support of a child or former spouse, as provided in a memorandum of understanding entered into under s. 49.857. A licensee whose license is restricted or suspended under this paragraph is entitled to a notice and hearing under s. 49.857 but is not entitled to any other notice or hearing under this section.

SB40, s. 3563 Section 3563. 551.52 (2) of the statutes is amended to read:

SB40,1574,24 551.52 (2) Every applicant for an initial or renewal license under s. 551.32 shall pay a filing fee of $200 in the case of a broker-dealer or investment adviser and $30 $60 in the case of an agent representing a broker-dealer or issuer or an investment adviser representative. Every federal covered adviser in this state that is required to make a notice filing under s. 551.32 (1m) shall pay an initial or renewal notice filing fee of $200. A broker-dealer, investment adviser, or federal covered adviser maintaining a branch office within this state shall pay an additional filing fee of $30 for each branch office. When an application is denied, or an application or a notice filing is withdrawn, the filing fee shall be retained.

SB40, s. 3564 Section 3564. 560.045 (1) of the statutes is amended to read:

SB40,1575,4 560.045 (1) To the extent allowed under federal law or regulation, the department shall give priority in the awarding of grants under housing programs to grants for projects related to the redevelopment of brownfields, as defined in s. 560.60 (1v) 560.13 (1) (a).

SB40, s. 3565 Section 3565. 560.126 of the statutes is created to read:

SB40,1575,10 560.126 Renewable energy grants and loans. (1) The department may award a grant or loan from the appropriation under s. 20.143 (1) (dg), (ie), or (tm) to a business or researcher to fund the development of new technologies to increase renewable fuel or energy production or to fund the commercialization of new renewable fuel or energy technologies.

SB40,1575,12 (2) A grant under this section may not exceed 50 percent of the costs of an eligible project.

SB40,1575,16 (3) The department may promulgate rules necessary to administer this section, except that the department may not promulgate such rules unless the department has consulted with the department of agriculture, trade and consumer protection, the department of natural resources, and the public service commission.

SB40, s. 3566 Section 3566. 560.135 (5) (a) of the statutes is amended to read:

SB40,1575,18 560.135 (5) (a) The factors under s. 560.605 (2) (a) to (e) (1) (j) to (n).

SB40, s. 3567 Section 3567. 560.135 (5) (b) of the statutes is amended to read:

SB40,1575,22 560.135 (5) (b) Whether the project will be located in a targeted area, as determined by the board after considering the factors under s. 560.605 (2m) (a) to (h) (2m) (a), (b), and (f) to (h).

SB40, s. 3568 Section 3568. 560.14 (1) (ar) of the statutes is amended to read:

SB40,1575,25 560.14 (1) (ar) "Brownfields" has the meaning given in s. 560.60 (1v) 560.13 (1) (a).

SB40, s. 3569 Section 3569. 560.145 of the statutes is repealed.

SB40, s. 3570 Section 3570. 560.147 of the statutes is repealed.

SB40, s. 3571 Section 3571. 560.15 (2) (d) of the statutes is repealed.

SB40, s. 3572 Section 3572. 560.16 of the statutes is repealed.

SB40, s. 3573 Section 3573. 560.17 (1) (am) of the statutes is amended to read:

SB40,1576,7 560.17 (1) (am) "Brownfields" has the meaning given in s. 560.60 (1v) 560.13 (1) (a).

SB40, s. 3574 Section 3574. 560.17 (1) (bm) of the statutes is amended to read:

SB40,1576,11 560.17 (1) (bm) "Job" has the meaning given in s. 560.60 (10) means a position providing full-time equivalent employment. "Job" does not include initial training before an employment position begins.

SB40, s. 3575 Section 3575. 560.175 of the statutes is repealed.

SB40, s. 3576 Section 3576. 560.20 of the statutes is created to read:

SB40,1576,18 560.20 Wisconsin Venture Center. (1) (a) The department shall organize and assist in maintaining an emerging industries development corporation as a nonstock, nonprofit corporation under ch. 181 for the purpose of facilitating the raising of capital to promote and support emerging industries in the state. In furtherance of its purpose, the corporation shall do all of the following:

SB40,1576,20 1. Establish and implement programs to prepare entrepreneurs of emerging industries for angel and venture capital investments.

SB40,1576,22 2. Strategically match entrepreneurs of emerging industries with sources of capital or management expertise or both.

SB40,1576,25 3. Work with technology transfer offices of universities and colleges to facilitate a match between entrepreneurs of emerging industries and sources of capital or management expertise or both.

SB40,1577,2 4. Provide research and analysis services regarding emerging industries in this state to prospective angel investors and venture capitalists.

SB40,1577,4 5. Provide a venue for bringing together prospective angel investors and venture capitalists with entrepreneurs of emerging industries.

SB40,1577,6 (b) From the appropriation under s. 20.143 (1) (fi), the department shall make the following grants:

SB40,1577,10 1. In fiscal year 2007-08, a one-time grant of $700,000 to the emerging industries development corporation. No matching funds are required for the grant under this subdivision, provided the grant is used by the corporation for start-up capital and reasonable administrative expenses.

SB40,1577,14 2. In fiscal year 2008-09 and each fiscal year thereafter, a grant of $500,000 to the emerging industries development corporation. No matching funds are required for the grants under this subdivision, provided the grants are used by the corporation for operating expenses.

SB40,1577,18 (2) (a) The emerging industries development corporation shall be governed by a board of directors, consisting of the secretary or his or her designee, the secretary of the department of financial institutions or his or her designee, and no more than 12 other members, one or more of whom represents each of the following categories:

SB40,1577,19 1. Entrepreneurs in the state.

SB40,1577,20 2. High-technology businesses in the state.

SB40,1577,21 3. Research institutions in the state.

SB40,1577,22 4. The state's venture capital industry.

SB40,1577,23 5. The state's investment banking industry.

SB40,1577,24 6. The state's business development community.

SB40,1578,2 7. Professionals in the state who are experienced in providing services to persons specified in subds. 1. to 6.

SB40,1578,8 (b) The members who are representatives of the categories under par. (a) 1. to 7. shall serve 5-year terms. The initial members who are representatives of the categories under par. (a) 1. to 7. shall be appointed by the governor. The emerging industries development corporation, in its bylaws, shall specify the method for electing new members who are representatives of the categories under par. (a) 1. to 7. and for filling vacancies.

SB40,1578,11 (3) (a) The department may make a grant to the emerging industries development corporation, from the appropriation under s. 20.143 (1) (fi), if all of the following apply:

SB40,1578,13 1. The corporation submits an expenditure plan to the department detailing the proposed use of the grant proceeds and the secretary approves the plan.

SB40,1578,16 2. The corporation enters into a written agreement with the department that specifies the conditions for the use of the grant proceeds, including reporting and auditing requirements.

SB40,1578,18 3. The corporation provides matching funds equal to 50 percent of the grant proceeds.

SB40,1578,21 4. The corporation provides to the department information requested by the department about private funding the corporation has received or will receive for the purposes detailed in the expenditure plan under subd. 1.

SB40,1578,23 5. The corporation agrees in writing to submit to the department the report required under par. (b) by the time the report is required under par. (b).

SB40,1579,3 (b) If the corporation receives a grant under this subsection, the corporation shall submit to the department, within 6 months after spending the full amount of the grant, a report detailing how the grant proceeds were used.

SB40,1579,5 (4) Annually, the emerging industries development corporation shall provide a report on its activities to the governor.

SB40,1579,13 (5) The assets transferred to, and the assets and liabilities of, the emerging industries development corporation shall be separate from all other assets and liabilities of the state, of all political subdivisions of the state, and of the department. Neither the state, any political subdivision of the state, nor the department guarantees any obligation of or has any obligation to the emerging industries development corporation. Neither the state, any political subdivision of the state, nor the department is liable for any debt or liability of the emerging industries development corporation.

SB40, s. 3577 Section 3577. 560.204 of the statutes is created to read:

SB40,1579,18 560.204 Hardware and software used to maintain medical records. (1) The department shall implement a program to certify health care providers as eligible for the electronic medical records credit under ss. 71.07 (5i), 71.28 (5i), and 71.47 (5i).

SB40,1579,22 (2) If the department certifies a health care provider under sub. (1), the department shall determine the amount of credits to allocate to the health care provider. The total amount of electronic medical records credits allocated to health care providers in any year may not exceed $10,000,000.

SB40,1579,25 (3) The department shall inform the department of revenue of every health care provider certified under sub. (1) and the amount of credits allocated to the health care provider.

SB40,1580,2 (4) The department, in consultation with the department of revenue, shall promulgate rules to administer this section.

SB40, s. 3578 Section 3578. 560.205 (3) (d) of the statutes is amended to read:

SB40,1580,18 560.205 (3) (d) Rules. The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section. The rules shall further define "bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1. The rules shall limit the aggregate amount of tax credits under s. 71.07 (5d) that may be claimed for investments in businesses certified under sub. (1) at $3,000,000 per calendar year for calendar years beginning after December 31, 2004 . The, and $5,500,000 per calendar year for calendar years beginning after December 31, 2007. The rules shall also limit the aggregate amount of the tax credits under ss. 71.07 (5b), 71.28 (5b), and 71.47 (5b) that may be claimed for investments paid to fund managers certified under sub. (2) at $3,500,000 per calendar year for calendar years beginning after December 31, 2004, and $6,000,000 per calendar year for calendar years beginning after December 31, 2007. The rules shall also provide that, for calendar years beginning after December 31, 2007, no person may receive a credit under ss. 71.07 (5b) and (5d), 71.28 (5b), or 71.47 (5b) unless the person's investment is kept in a certified business, or with a certified fund manager, for no less than 3 years.

SB40, s. 3579 Section 3579. 560.251 of the statutes is created to read:

SB40,1580,25 560.251 Manufacturing technology grants. (1) The department may make a grant from the appropriation under s. 20.143 (1) (c) or (ie) to a technology-based nonprofit organization, as defined in s. 560.25 (1) (d), to provide funding to assist manufacturers in this state in the adoption of manufacturing process improvements that result in the production of more goods of higher quality with less effort if all of the following apply:

SB40,1581,3 (a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.

SB40,1581,4 (b) The secretary approves the plan submitted under par. (a).

SB40,1581,6 (2) The department may not award in a fiscal biennium more than $1,500,000 in grants under this section.

SB40, s. 3580 Section 3580. 560.26 of the statutes is repealed.

SB40, s. 3581 Section 3581. 560.275 (4) (e) of the statutes is amended to read:

SB40,1581,11 560.275 (4) (e) Entrepreneurial and technology transfer grants. The total amount of grants under sub. (2) (e) may not exceed $500,000 $600,000 in any fiscal year.

SB40, s. 3582 Section 3582. 560.60 (1m) of the statutes is repealed.

SB40, s. 3583 Section 3583. 560.60 (1v) of the statutes is repealed.

SB40, s. 3584 Section 3584. 560.60 (3) of the statutes is repealed.

SB40, s. 3585 Section 3585. 560.60 (3m) of the statutes is created to read:

SB40,1581,16 560.60 (3m) "Eligible activities" means any of the following:

SB40,1581,17 (a) Capital financing.

SB40,1581,18 (b) Worker training.

SB40,1581,19 (c) Entrepreneurial development.

SB40,1581,21 (d) Providing assistance to technology-based businesses or to businesses at a foreign trade show or event.

SB40,1581,22 (e) Promoting urban or regional economic development.

SB40,1581,23 (f) Establishing revolving loan funds.