Distributions from Qualified Investments; Profit Sharing Fee
Under the bill, a certified jobs now fund is also limited in the distributions from
investments that it may make before it has invested all of its capital received from
a participating investor in qualified businesses. However, a certified jobs now fund
may make a distribution of any kind once it has invested 100 percent of its capital
received from a participating investor in qualified businesses, at least 50 percent of
which is invested in qualified businesses with gross revenue of $2,000,000 or less in
the fiscal year immediately preceding the date of investment. When such a
distribution is made, the certified jobs now fund must pay to the authority a 20
percent profit sharing fee, which the authority then remits to the state for deposit
in the general fund.
Annual Review by Authority
The bill provides that by January 31 of each year, a certified jobs now fund must
submit a report to the authority that describes in detail the certified jobs now fund's
investments in qualified businesses, including its progress with respect to the
investment schedule required under the bill and any distributions the certified jobs
now fund has made from those investments. The authority is required to complete
an annual review of each certified jobs now fund to ensure that each certified jobs
now fund is in full compliance with the bill. Additionally, within 90 days after the
end of a certified jobs now fund's fiscal year, the certified jobs now fund must file with
the authority a copy of its annual audited financial statement, including the opinion
of an independent certified public accountant. The authority charges each jobs now
fund an annual certification renewal fee of $5,000.

Decertification; Penalties for Noncompliance
The authority may decertify a certified jobs now fund that violates the
requirements of the bill. In the event of decertification, a participating investor may
be required to repay to the commissioner of insurance the amount of any credit
against premium tax liability that the participating investor received based on its
investment of capital in the decertified jobs now fund. The bill also authorizes the
authority to fine a person who violates the bill's provisions up to $25,000 depending
on the circumstances of the violation.
Reporting Requirements
Finally, the bill requires that the authority include in its annual report to the
legislature and the governor all of the following information specifically relating to
the certified jobs now fund program:
1. The information that each certified jobs now fund is required to report to the
authority on an annual basis, including the number of new employees hired by
businesses in which each certified jobs now fund has invested.
2. An accounting of the withholding tax revenue received by the authority from
qualified businesses that have received an investment of capital contributed by a
participating investor from a certified jobs now fund.
3. An accounting of the value of the premium tax credits the authority awarded
during the preceding year.
4. An accounting of each profit sharing fee received by the authority in the
preceding year.
5. A list of any decertified jobs now funds from the preceding year and a
description of the circumstances leading to each decertification.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB129, s. 1 1Section 1. 1.12 (1) (b) of the statutes, as affected by 2011 Wisconsin Act 7, is
2amended to read:
AB129,9,23 1.12 (1) (b) "State agency" means an office, department, agency, institution of
4higher education, the legislature, a legislative service agency, the courts, a judicial
5branch agency, an association, society, or other body in state government that is
6created or authorized to be created by the constitution or by law, for which
7appropriations are made by law, excluding the Health Insurance Risk-Sharing Plan

1Authority, the Wisconsin Venture Capital Authority, and the Wisconsin Economic
2Development Corporation.
AB129, s. 2 3Section 2. 13.172 (1) of the statutes, as affected by 2011 Wisconsin Act 10, is
4amended to read:
AB129,9,105 13.172 (1) In this section, "agency" means an office, department, agency,
6institution of higher education, association, society, or other body in state
7government created or authorized to be created by the constitution or any law, that
8is entitled to expend moneys appropriated by law, including the legislature and the
9courts, and any authority created in subch. II of ch. 114 or subch. III of ch. 149 or in
10ch. 231, 233, 234, 238, 239, or 279.
AB129, s. 3 11Section 3. 13.48 (13) (a) of the statutes, as affected by 2011 Wisconsin Act 10,
12is amended to read:
AB129,9,2513 13.48 (13) (a) Except as provided in par. (b) or (c), every building, structure or
14facility that is constructed for the benefit of or use of the state, any state agency,
15board, commission or department, the University of Wisconsin Hospitals and Clinics
16Authority, the Fox River Navigational System Authority, the Wisconsin Venture
17Capital Authority,
the Wisconsin Economic Development Corporation, or any local
18professional baseball park district created under subch. III of ch. 229 if the
19construction is undertaken by the department of administration on behalf of the
20district, shall be in compliance with all applicable state laws, rules, codes and
21regulations but the construction is not subject to the ordinances or regulations of the
22municipality in which the construction takes place except zoning, including without
23limitation because of enumeration ordinances or regulations relating to materials
24used, permits, supervision of construction or installation, payment of permit fees, or
25other restrictions.
AB129, s. 4
1Section 4. 13.62 (2) of the statutes, as affected by 2011 Wisconsin Act 10, is
2amended to read:
AB129,10,73 13.62 (2) "Agency" means any board, commission, department, office, society,
4institution of higher education, council, or committee in the state government, or any
5authority created in subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 232, 233,
6234, 237, 238, 239, or 279, except that the term does not include a council or
7committee of the legislature.
AB129, s. 5 8Section 5. 13.94 (1) (dx) of the statutes is created to read:
AB129,10,139 13.94 (1) (dx) Biennially, beginning in 2013, conduct a financial audit of the
10Wisconsin Venture Capital Authority and a program evaluation audit of the
11programs administered by the Wisconsin Venture Capital Authority under ch. 239.
12The legislative audit bureau shall file a copy of each audit report under this
13paragraph with the distributees specified in par. (b).
AB129, s. 6 14Section 6. 13.94 (1) (mm) of the statutes, as affected by 2011 Wisconsin Act 7,
15is amended to read:
AB129,10,2516 13.94 (1) (mm) No later than July 1, 2012, prepare a financial and performance
17evaluation audit of the economic development programs administered by the
18department of commerce, the University of Wisconsin System, the department of
19agriculture, trade and consumer protection, the department of natural resources, the
20Wisconsin Housing and Economic Development Authority, the Wisconsin Venture
21Capital Authority,
the Wisconsin Economic Development Corporation, the
22department of tourism, the technical college system, and the department of
23transportation. In this paragraph, economic development program has the meaning
24given in s. 560.001 (1m). The legislative audit bureau shall file a copy of the report
25of the audit under this paragraph with the distributees specified in par. (b).
AB129, s. 7
1Section 7. 13.94 (1s) (c) 6. of the statutes is created to read:
AB129,11,32 13.94 (1s) (c) 6. The Wisconsin Venture Capital Authority for the cost of the
3audit required to be performed under sub. (1) (dx).
AB129, s. 8 4Section 8. 13.94 (4) (a) 1. of the statutes, as affected by 2011 Wisconsin Act 10,
5is amended to read:
AB129,11,226 13.94 (4) (a) 1. Every state department, board, examining board, affiliated
7credentialing board, commission, independent agency, council or office in the
8executive branch of state government; all bodies created by the legislature in the
9legislative or judicial branch of state government; any public body corporate and
10politic created by the legislature including specifically the Fox River Navigational
11System Authority, the Lower Fox River Remediation Authority, the Wisconsin
12Aerospace Authority, the Wisconsin Venture Capital Authority, and the Wisconsin
13Economic Development Corporation, a professional baseball park district, a local
14professional football stadium district, a local cultural arts district , and a long-term
15care district under s. 46.2895; every Wisconsin works agency under subch. III of ch.
1649; every provider of medical assistance under subch. IV of ch. 49; technical college
17district boards; every county department under s. 51.42 or 51.437; every nonprofit
18corporation or cooperative or unincorporated cooperative association to which
19moneys are specifically appropriated by state law; and every corporation, institution,
20association or other organization which receives more than 50% of its annual budget
21from appropriations made by state law, including subgrantee or subcontractor
22recipients of such funds.
AB129, s. 9 23Section 9. 13.95 (intro.) of the statutes, as affected by 2011 Wisconsin Act 10,
24is amended to read:
AB129,12,14
113.95 Legislative fiscal bureau. (intro.) There is created a bureau to be
2known as the "Legislative Fiscal Bureau" headed by a director. The fiscal bureau
3shall be strictly nonpartisan and shall at all times observe the confidential nature
4of the research requests received by it; however, with the prior approval of the
5requester in each instance, the bureau may duplicate the results of its research for
6distribution. Subject to s. 230.35 (4) (a) and (f), the director or the director's
7designated employees shall at all times, with or without notice, have access to all
8state agencies, the University of Wisconsin Hospitals and Clinics Authority, the
9Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority,
10the Lower Fox River Remediation Authority, the Wisconsin Venture Capital
11Authority,
the Wisconsin Economic Development Corporation, and the Fox River
12Navigational System Authority, and to any books, records, or other documents
13maintained by such agencies or authorities and relating to their expenditures,
14revenues, operations, and structure.
AB129, s. 10 15Section 10. 16.002 (2) of the statutes, as affected by 2011 Wisconsin Act 10,
16is amended to read:
AB129,12,2117 16.002 (2) "Departments" means constitutional offices, departments, and
18independent agencies and includes all societies, associations, and other agencies of
19state government for which appropriations are made by law, but not including
20authorities created in subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 232,
21233, 234, 235, 237, 238, 239, or 279.
AB129, s. 11 22Section 11. 16.004 (4) of the statutes, as affected by 2011 Wisconsin Act 10,
23is amended to read:
AB129,13,424 16.004 (4) Freedom of access. The secretary and such employees of the
25department as the secretary designates may enter into the offices of state agencies

1and authorities created under subch. II of ch. 114 and subch. III of ch. 149 and under
2chs. 231, 233, 234, 237, 238, 239, and 279, and may examine their books and accounts
3and any other matter that in the secretary's judgment should be examined and may
4interrogate the agency's employees publicly or privately relative thereto.
AB129, s. 12 5Section 12. 16.004 (5) of the statutes, as affected by 2011 Wisconsin Act 10,
6is amended to read:
AB129,13,117 16.004 (5) Agencies and employees to cooperate. All state agencies and
8authorities created under subch. II of ch. 114 and subch. III of ch. 149 and under chs.
9231, 233, 234, 237, 238, 239, and 279, and their officers and employees, shall
10cooperate with the secretary and shall comply with every request of the secretary
11relating to his or her functions.
AB129, s. 13 12Section 13. 16.004 (12) (a) of the statutes, as affected by 2011 Wisconsin Act
1310
, is amended to read:
AB129,13,2214 16.004 (12) (a) In this subsection, "state agency" means an association,
15authority, board, department, commission, independent agency, institution, office,
16society, or other body in state government created or authorized to be created by the
17constitution or any law, including the legislature, the office of the governor, and the
18courts, but excluding the University of Wisconsin Hospitals and Clinics Authority,
19the Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan
20Authority, the Lower Fox River Remediation Authority, the Wisconsin Economic
21Development Corporation, the Wisconsin Venture Capital Authority, and the Fox
22River Navigational System Authority.
AB129, s. 14 23Section 14. 16.045 (1) (a) of the statutes, as affected by 2011 Wisconsin Act 10,
24is amended to read:
AB129,14,6
116.045 (1) (a) "Agency" means an office, department, independent agency,
2institution of higher education, association, society, or other body in state
3government created or authorized to be created by the constitution or any law, that
4is entitled to expend moneys appropriated by law, including the legislature and the
5courts, but not including an authority created in subch. II of ch. 114 or subch. III of
6ch. 149 or in ch. 231, 232, 233, 234, 235, 237, 238, 239, or 279.
AB129, s. 15 7Section 15. 16.15 (1) (ab) of the statutes, as affected by 2011 Wisconsin Act 10,
8is amended to read:
AB129,14,139 16.15 (1) (ab) "Authority" has the meaning given under s. 16.70 (2), but
10excludes the University of Wisconsin Hospitals and Clinics Authority, the Lower Fox
11River Remediation Authority, the Wisconsin Economic Development Corporation,
12the Wisconsin Venture Capital Authority, and the Health Insurance Risk-Sharing
13Plan Authority.
AB129, s. 16 14Section 16. 16.41 (4) of the statutes, as affected by 2011 Wisconsin Act 10, is
15amended to read:
AB129,14,1716 16.41 (4) In this section, "authority" means a body created under subch. II of
17ch. 114 or subch. III of ch. 149 or under ch. 231, 233, 234, 237, 238, 239, or 279.
AB129, s. 17 18Section 17 . 16.417 (1) (b) of the statutes, as affected by 2011 Wisconsin Acts
197
and 10, is repealed and recreated to read:
AB129,14,2120 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
21ch. 231, 232, 233, 234, 235, 237, 239, or 279.
AB129, s. 18 22Section 18 . 16.417 (1) (b) of the statutes, as affected by 2011 Wisconsin Act ....
23(this act), is amended to read:
AB129,14,2524 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
25ch. 231, 232, 233, 234, 235, 237, 238, 239, or 279.
AB129, s. 19
1Section 19. 16.52 (7) of the statutes, as affected by 2011 Wisconsin Act 10, is
2amended to read:
AB129,15,133 16.52 (7) Petty cash account. With the approval of the secretary, each agency
4that is authorized to maintain a contingent fund under s. 20.920 may establish a
5petty cash account from its contingent fund. The procedure for operation and
6maintenance of petty cash accounts and the character of expenditures therefrom
7shall be prescribed by the secretary. In this subsection, "agency" means an office,
8department, independent agency, institution of higher education, association,
9society, or other body in state government created or authorized to be created by the
10constitution or any law, that is entitled to expend moneys appropriated by law,
11including the legislature and the courts, but not including an authority created in
12subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or
13279.
AB129, s. 20 14Section 20. 16.528 (1) (a) of the statutes, as affected by 2011 Wisconsin Act 10,
15is amended to read:
AB129,15,2116 16.528 (1) (a) "Agency" means an office, department, independent agency,
17institution of higher education, association, society, or other body in state
18government created or authorized to be created by the constitution or any law, that
19is entitled to expend moneys appropriated by law, including the legislature and the
20courts, but not including an authority created in subch. II of ch. 114 or subch. III of
21ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or 279.
AB129, s. 21 22Section 21. 16.53 (2) of the statutes, as affected by 2011 Wisconsin Act 10, is
23amended to read:
AB129,16,724 16.53 (2) Improper invoices. If an agency receives an improperly completed
25invoice, the agency shall notify the sender of the invoice within 10 working days after

1it receives the invoice of the reason it is improperly completed. In this subsection,
2"agency" means an office, department, independent agency, institution of higher
3education, association, society, or other body in state government created or
4authorized to be created by the constitution or any law, that is entitled to expend
5moneys appropriated by law, including the legislature and the courts, but not
6including an authority created in subch. II of ch. 114 or subch. III of ch. 149 or in ch.
7231, 233, 234, 237, 238, 239, or 279.
AB129, s. 22 8Section 22. 16.54 (9) (a) 1. of the statutes, as affected by 2011 Wisconsin Act
910
, is amended to read:
AB129,16,1510 16.54 (9) (a) 1. "Agency" means an office, department, independent agency,
11institution of higher education, association, society or other body in state
12government created or authorized to be created by the constitution or any law, which
13is entitled to expend moneys appropriated by law, including the legislature and the
14courts, but not including an authority created in subch. II of ch. 114 or subch. III of
15ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or 279.
AB129, s. 23 16Section 23. 16.765 (1) of the statutes, as affected by 2011 Wisconsin Act 10,
17is amended to read:
AB129,17,418 16.765 (1) Contracting agencies, the University of Wisconsin Hospitals and
19Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
20Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
21Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
22Wisconsin Economic Development Corporation, and the Bradley Center Sports and
23Entertainment Corporation shall include in all contracts executed by them a
24provision obligating the contractor not to discriminate against any employee or
25applicant for employment because of age, race, religion, color, handicap, sex, physical

1condition, developmental disability as defined in s. 51.01 (5), sexual orientation as
2defined in s. 111.32 (13m), or national origin and, except with respect to sexual
3orientation, obligating the contractor to take affirmative action to ensure equal
4employment opportunities.
AB129, s. 24 5Section 24. 16.765 (2) of the statutes, as affected by 2011 Wisconsin Act 10,
6is amended to read:
AB129,17,247 16.765 (2) Contracting agencies, the University of Wisconsin Hospitals and
8Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
9Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
10Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
11Wisconsin Economic Development Corporation, and the Bradley Center Sports and
12Entertainment Corporation shall include the following provision in every contract
13executed by them: "In connection with the performance of work under this contract,
14the contractor agrees not to discriminate against any employee or applicant for
15employment because of age, race, religion, color, handicap, sex, physical condition,
16developmental disability as defined in s. 51.01 (5), sexual orientation or national
17origin. This provision shall include, but not be limited to, the following: employment,
18upgrading, demotion or transfer; recruitment or recruitment advertising; layoff or
19termination; rates of pay or other forms of compensation; and selection for training,
20including apprenticeship. Except with respect to sexual orientation, the contractor
21further agrees to take affirmative action to ensure equal employment opportunities.
22The contractor agrees to post in conspicuous places, available for employees and
23applicants for employment, notices to be provided by the contracting officer setting
24forth the provisions of the nondiscrimination clause".
AB129, s. 25
1Section 25. 16.765 (5) of the statutes, as affected by 2011 Wisconsin Act 10,
2is amended to read:
AB129,18,203 16.765 (5) The head of each contracting agency and the boards of directors of
4the University of Wisconsin Hospitals and Clinics Authority, the Fox River
5Navigational System Authority, the Wisconsin Aerospace Authority, the Health
6Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
7Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
8Development Corporation, and the Bradley Center Sports and Entertainment
9Corporation shall be primarily responsible for obtaining compliance by any
10contractor with the nondiscrimination and affirmative action provisions prescribed
11by this section, according to procedures recommended by the department. The
12department shall make recommendations to the contracting agencies and the boards
13of directors of the University of Wisconsin Hospitals and Clinics Authority, the Fox
14River Navigational System Authority, the Wisconsin Aerospace Authority, the
15Health Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
16Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
17Development Corporation, and the Bradley Center Sports and Entertainment
18Corporation for improving and making more effective the nondiscrimination and
19affirmative action provisions of contracts. The department shall promulgate such
20rules as may be necessary for the performance of its functions under this section.
AB129, s. 26 21Section 26. 16.765 (6) of the statutes, as affected by 2011 Wisconsin Act 10,
22is amended to read:
AB129,19,723 16.765 (6) The department may receive complaints of alleged violations of the
24nondiscrimination provisions of such contracts. The department shall investigate
25and determine whether a violation of this section has occurred. The department may

1delegate this authority to the contracting agency, the University of Wisconsin
2Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
3Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority,
4the Lower Fox River Remediation Authority, the Wisconsin Venture Capital
5Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
6Sports and Entertainment Corporation for processing in accordance with the
7department's procedures.
AB129, s. 27 8Section 27. 16.765 (7) (intro.) of the statutes, as affected by 2011 Wisconsin
9Act 10
, is amended to read:
AB129,19,2110 16.765 (7) (intro.) When a violation of this section has been determined by the
11department, the contracting agency, the University of Wisconsin Hospitals and
12Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
13Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
14Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
15Wisconsin Economic Development Corporation, or the Bradley Center Sports and
16Entertainment Corporation, the contracting agency, the University of Wisconsin
17Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
18Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority,
19the Lower Fox River Remediation Authority, the Wisconsin Venture Capital
20Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
21Sports and Entertainment Corporation shall:
AB129, s. 28 22Section 28. 16.765 (7) (d) of the statutes, as affected by 2011 Wisconsin Act 10,
23is amended to read:
AB129,20,624 16.765 (7) (d) Direct the violating party to take immediate steps to prevent
25further violations of this section and to report its corrective action to the contracting

1agency, the University of Wisconsin Hospitals and Clinics Authority, the Fox River
2Navigational System Authority, the Wisconsin Aerospace Authority, the Health
3Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
4Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
5Development Corporation, or the Bradley Center Sports and Entertainment
6Corporation.
AB129, s. 29 7Section 29. 16.765 (8) of the statutes, as affected by 2011 Wisconsin Act 10,
8is amended to read:
AB129,21,39 16.765 (8) If further violations of this section are committed during the term
10of the contract, the contracting agency, the Fox River Navigational System Authority,
11the Wisconsin Aerospace Authority, the Health Insurance Risk-Sharing Plan
12Authority, the Lower Fox River Remediation Authority, the Wisconsin Venture
13Capital Authority,
the Wisconsin Economic Development Corporation, or the
14Bradley Center Sports and Entertainment Corporation may permit the violating
15party to complete the contract, after complying with this section, but thereafter the
16contracting agency, the Fox River Navigational System Authority, the Wisconsin
17Aerospace Authority, the Health Insurance Risk-Sharing Plan Authority, the Lower
18Fox River Remediation Authority, the Wisconsin Venture Capital Authority, the
19Wisconsin Economic Development Corporation, or the Bradley Center Sports and
20Entertainment Corporation shall request the department to place the name of the
21party on the ineligible list for state contracts, or the contracting agency, the Fox River
22Navigational System Authority, the Wisconsin Aerospace Authority, the Health
23Insurance Risk-Sharing Plan Authority, the Lower Fox River Remediation
24Authority, the Wisconsin Venture Capital Authority, the Wisconsin Economic
25Development Corporation, or the Bradley Center Sports and Entertainment

1Corporation may terminate the contract without liability for the uncompleted
2portion or any materials or services purchased or paid for by the contracting party
3for use in completing the contract.
AB129, s. 30 4Section 30. 16.85 (2) of the statutes, as affected by 2011 Wisconsin Act 10, is
5amended to read:
AB129,21,166 16.85 (2) To furnish engineering, architectural, project management, and other
7building construction services whenever requisitions therefor are presented to the
8department by any agency. The department may deposit moneys received from the
9provision of these services in the account under s. 20.505 (1) (kc) or in the general
10fund as general purpose revenue — earned. In this subsection, "agency" means an
11office, department, independent agency, institution of higher education, association,
12society, or other body in state government created or authorized to be created by the
13constitution or any law, which is entitled to expend moneys appropriated by law,
14including the legislature and the courts, but not including an authority created in
15subch. II of ch. 114 or subch. III of ch. 149 or in ch. 231, 233, 234, 237, 238, 239, or
16279.
AB129, s. 31 17Section 31. 16.865 (8) of the statutes, as affected by 2011 Wisconsin Act 10,
18is amended to read:
AB129,22,819 16.865 (8) Annually in each fiscal year, allocate as a charge to each agency a
20proportionate share of the estimated costs attributable to programs administered by
21the agency to be paid from the appropriation under s. 20.505 (2) (k). The department
22may charge premiums to agencies to finance costs under this subsection and pay the
23costs from the appropriation on an actual basis. The department shall deposit all
24collections under this subsection in the appropriation account under s. 20.505 (2) (k).
25Costs assessed under this subsection may include judgments, investigative and

1adjustment fees, data processing and staff support costs, program administration
2costs, litigation costs, and the cost of insurance contracts under sub. (5). In this
3subsection, "agency" means an office, department, independent agency, institution
4of higher education, association, society, or other body in state government created
5or authorized to be created by the constitution or any law, that is entitled to expend
6moneys appropriated by law, including the legislature and the courts, but not
7including an authority created in subch. II of ch. 114 or subch. III of ch. 149 or in ch.
8231, 232, 233, 234, 235, 237, 238, 239, or 279.
AB129, s. 32 9Section 32. 19.42 (10) (t) of the statutes is created to read:
AB129,22,1410 19.42 (10) (t) The executive director of the Wisconsin Venture Capital
11Authority, the members of the authority's board of directors who are appointed by the
12speaker of the assembly and the majority leader of the senate, and the fund manager
13of the badger jobs fund hired by the authority under s. 239.11 (4), including all
14partners, members, officers, or other principals if the fund manager is an entity.
AB129, s. 33 15Section 33. 19.42 (13) (p) of the statutes is created to read:
AB129,22,2016 19.42 (13) (p) The executive director of the Wisconsin Venture Capital
17Authority, the members of the authority's board of directors who are appointed by the
18speaker of the assembly and the majority leader of the senate, and the fund manager
19of the badger jobs fund hired by the authority under s. 239.11 (4), including all
20partners, members, officers, or other principals if the fund manager is an entity.
AB129, s. 34 21Section 34. 20.195 of the statutes is created to read:
AB129,22,23 2220.195 Wisconsin Venture Capital Authority. There is appropriated to the
23Wisconsin Venture Capital Authority for the following program:
AB129,23,3
1(1) Venture capital investment programs. (a) Establishment and operation.
2As a continuing appropriation, the amounts in the schedule for the establishment
3and operation of the Wisconsin Venture Capital Authority.
AB129,23,64 (g) Administration of the badger jobs fund. 1. All moneys received under s.
573.033 (1) (b) and (2) (b), for administration of the badger jobs fund under subch. II
6of ch. 239 and the jobs now fund program under subch. III of ch. 239.
AB129,23,97 2. Notwithstanding s. 20.001 (3) (c), if, at the end of a fiscal year, the authority
8has satisfied 100 percent of its debt with respect to the badger jobs fund, the
9unencumbered balance in this appropriation shall lapse to the general fund.
AB129,23,1110 3. No moneys may be received in this appropriation after the badger jobs fund
11is dissolved under s. 239.11 (3) (a).
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