AB40: Bill Text

AB40, s. 2807 Section 2807. 233.04 (7m) (c) of the statutes is amended to read:

AB40,1054,9 233.04 (7m) (c) A provision that requires the development of standards relating to the selection and financing by the authority of any corporation or partnership that provides health-related services. The standards shall be consistent with the missions of the authority and the board of regents Board of Trustees.

AB40, s. 2808 Section 2808. 233.04 (7m) (d) of the statutes is amended to read:

AB40,1054,13 233.04 (7m) (d) A provision that requires the board of regents Board of Trustees to make reasonable charges for any services provided by the board of regents Board of Trustees to the authority.

AB40, s. 2809 Section 2809. 233.04 (7p) (a) of the statutes is amended to read:

AB40,1054,20 233.04 (7p) (a) Submit any modification, extension or renewal of the affiliation agreement under sub. (7m) to the joint committee on finance. No extension or renewal of the affiliation agreement may be for a period of more than 30 years. Modification, extension or renewal of the agreement may be made as proposed by the authority and the board of regents Board of Trustees only upon approval of the committee.

AB40, s. 2810 Section 2810. 233.04 (7p) (b) of the statutes is amended to read:

AB40,1054,25 233.04 (7p) (b) If the committee does not approve an extension or renewal of the agreement, the on-campus facilities and any improvements, modifications or other facilities specified in sub. (7) (c) shall transfer to the board of regents Board of Trustees.

AB40, s. 2811 Section 2811. 233.05 (1) (a) 1. of the statutes is amended to read:

AB40,1055,4 233.05 (1) (a) 1. The board of directors or the board of regents Board of Trustees adopts a resolution opposing the automatic extensions or the joint committee on finance takes action opposing the automatic extensions.

AB40, s. 2812 Section 2812. 233.05 (2) (a) 1. of the statutes is amended to read:

AB40,1055,8 233.05 (2) (a) 1. The board of directors or the board of regents Board of Trustees adopts a resolution opposing the automatic extension or the joint committee on finance takes action opposing the automatic extension.

AB40, s. 2813 Section 2813. 233.10 (3r) (b) 3. of the statutes is amended to read:

AB40,1055,17 233.10 (3r) (b) 3. Grant to the carry-over employee, except when he or she is on an unpaid leave of absence, a paid holiday on each of the days specified as a holiday in policies and procedures established by the board of regents Board of Regents under s. 36.15 (2) as of the last day of the employee's employment as a state employee and any holiday compensatory time off that may be specified in policies and procedures established by the board of regents Board of Regents of the University of Wisconsin System under s. 36.15 (2) as of the last day of the employee's employment in the academic staff appointment.

AB40, s. 2814 Section 2814. 233.10 (3r) (b) 5. of the statutes is amended to read:

AB40,1055,23 233.10 (3r) (b) 5. Grant to the carry-over employee military leave, treatment of military leave, jury service leave and voting leave in accordance with policies and procedures established by the board of regents Board of Regents of the University of Wisconsin System under s. 36.15 (2) and, as of the last day of the employee's employment in the academic staff appointment.

AB40, s. 2815 Section 2815. 233.10 (3r) (b) 6. of the statutes is amended to read:

AB40,1056,5 233.10 (3r) (b) 6. Grant to the carry-over employee the same opportunity for any employee training that may be provided under policies and procedures established by the board of regents Board of Regents of the University of Wisconsin System under s. 36.15 (2) as of the last day of his or her employment in the academic staff appointment.

AB40, s. 2816 Section 2816. 233.17 (2) (a) of the statutes is amended to read:

AB40,1056,11 233.17 (2) (a) No officer, employee or agent of the board of regents Board of Regents or Board of Trustees, including any student who is enrolled at the University of Wisconsin–Madison or an institution within the University of Wisconsin System, is an agent of the authority unless the officer, employee or agent acts at the express written direction of the authority.

AB40, s. 2817 Section 2817. 233.17 (2) (b) of the statutes is amended to read:

AB40,1056,16 233.17 (2) (b) Notwithstanding par. (a), no member of the faculty or academic staff of the University of Wisconsin System Wisconsin–Madison, acting within the scope of his or her employment, may be considered, for liability purposes, as an agent of the authority.

AB40, s. 2818 Section 2818. 234.01 (4n) (a) 3m. e. of the statutes is amended to read:

AB40,1056,21 234.01 (4n) (a) 3m. e. The facility is located in a targeted area, as determined by the authority after considering the factors set out in s. 560.605 (2m) (c), 2005 stats., s. 560.605 (2m) (d), 2005 stats., s. 560.605 (2m) (e), 2005 stats., s. 560.605 (2m) (g), 2007 stats., and s. 560.605 (2m) (a), (b), (f), and (h), 2009 stats.

AB40, s. 2819 Section 2819. 234.02 (1) of the statutes is amended to read:

AB40,1057,13 234.02 (1) There is created a public body corporate and politic to be known as the "Wisconsin Housing and Economic Development Authority." The members of the authority shall be the secretary of commerce chief executive officer of the Wisconsin Economic Development Corporation or his or her designee and the secretary of administration or his or her designee, and 6 public members nominated by the governor, and with the advice and consent of the senate appointed, for staggered 4-year terms commencing on the dates their predecessors' terms expire. In addition, one senator of each party and one representative to the assembly of each party appointed as are the members of standing committees in their respective houses shall serve as members of the authority. A member of the authority shall receive no compensation for services but shall be reimbursed for necessary expenses, including travel expenses, incurred in the discharge of duties. Subject to the bylaws of the authority respecting resignations, each member shall hold office until a successor has been appointed and has qualified. A certificate of appointment or reappointment of any member shall be filed with the authority and the certificate shall be conclusive evidence of the due and proper appointment.

AB40, s. 2820 Section 2820. 234.032 (2) (intro.) of the statutes is amended to read:

AB40,1057,17 234.032 (2) (intro.) The authority, in consultation with the department of commerce Wisconsin Economic Development Corporation, shall do all of the following for each economic development program administered by the authority:

AB40, s. 2821 Section 2821. 234.034 of the statutes is amended to read:

AB40,1057,22 234.034 Consistency with state housing strategy plan. Subject to agreements with bondholders or noteholders, the authority shall exercise its powers and perform its duties related to housing consistent with the state housing strategy plan under s. 560.9802 234.5602.

AB40, s. 2822 Section 2822. 234.06 (1) of the statutes is amended to read:

AB40,1058,7 234.06 (1) The authority may, as authorized in the state housing strategy plan under s. 560.9802 234.5602, use the moneys held in the housing development fund to make temporary loans to eligible sponsors, with or without interest, and with such security for repayment, if any, as the authority determines reasonably necessary and practicable, solely from the housing development fund, to defray development costs for the construction of proposed housing projects for occupancy by persons and families of low and moderate income. No temporary loan may be made unless the authority may reasonably anticipate that satisfactory financing may be obtained by the eligible sponsor for the permanent financing of the housing project.

AB40, s. 2823 Section 2823. 234.06 (3) of the statutes is amended to read:

AB40,1058,18 234.06 (3) The authority may, as authorized in the state housing strategy plan under s. 560.9802 234.5602, use the moneys held in the housing development fund to establish and administer programs of grants to counties, municipalities, and eligible sponsors of housing projects for persons of low and moderate income, to pay organizational expenses, administrative costs, social services, technical services, training expenses, or costs incurred or expected to be incurred by counties, municipalities, or sponsors for land and building acquisition, construction, improvements, renewal, rehabilitation, relocation, or conservation under a plan to provide housing or related facilities, if the costs are not reimbursable from other private or public loan, grant, or mortgage sources.

AB40, s. 2824 Section 2824. 234.08 (5) of the statutes is amended to read:

AB40,1058,23 234.08 (5) This section does not supersede or impair the power of the department of commerce Wisconsin Economic Development Corporation to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.

AB40, s. 2825 Section 2825. 234.08 (6) of the statutes is amended to read:

AB40,1059,4 234.08 (6) The authority may reimburse the department of commerce Wisconsin Economic Development Corporation its operating costs to carry out its program responsibilities relating to economic development which are funded by bonds or notes issued under this section.

AB40, s. 2826 Section 2826. 234.165 (2) (b) 2. of the statutes is amended to read:

AB40,1059,11 234.165 (2) (b) 2. Annually before August 31 the authority shall submit to the governor a plan for expending or encumbering the actual surplus reported under subd. 1. The part of the plan related to housing shall be consistent with the state housing strategy plan under s. 560.9802 234.5602. The plan submitted under this subdivision may be attached to and submitted as a part of the report filed under subd. 1.

AB40, s. 2827 Section 2827. 234.25 (1) (e) of the statutes is amended to read:

AB40,1059,16 234.25 (1) (e) An evaluation of its progress in implementing within its own housing programs the goals, policies, and objectives of the state housing strategy plan under s. 560.9802 234.5602, and recommendations for legislation to improve its ability to carry out its programs consistent with the state housing strategy plan.

AB40, s. 2828 Section 2828. 234.255 (title) of the statutes is amended to read:

AB40,1059,19 234.255 (title) Economic development assistance coordination and reporting.

AB40, s. 2829 Section 2829. 234.255 of the statutes is renumbered 234.255 (2) and amended to read:

AB40,1060,4 234.255 (2) 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) 238.07 (2). The authority shall collaborate with the department of commerce Wisconsin Economic Development Corporation to make readily accessible to the public on an Internet-based system the information required under this section.

AB40, s. 2830 Section 2830. 234.255 (1) of the statutes is created to read:

AB40,1060,7 234.255 (1) The authority shall coordinate any economic development assistance with the Wisconsin Economic Development Corporation.

AB40, s. 2831 Section 2831. 234.35 (1) of the statutes is amended to read:

AB40,1060,12 234.35 (1) In this section, "minority business", "minority financial adviser" and "minority investment firm" mean a business, financial adviser and investment firm, respectively, certified by the department of commerce safety and professional services under s. 560.036 490.04 (2).

AB40, s. 2832 Section 2832. 234.36 (1) of the statutes is amended to read:

AB40,1060,16 234.36 (1) In this section, "business," "financial adviser," and "investment firm" mean a business, financial adviser, and investment firm certified by the department of commerce safety and professional services under s. 560.0335 490.02 (3).

AB40, s. 2833 Section 2833. 234.65 (1) (a) of the statutes is amended to read:

AB40,1060,22 234.65 (1) (a) With the consent of the department of commerce Wisconsin Economic Development Corporation and subject to par. (f), the authority may issue its negotiable bonds and notes to finance its economic development activities authorized or required under this chapter, including financing economic development loans.

AB40, s. 2834 Section 2834. 234.65 (1) (f) of the statutes is amended to read:

AB40,1061,4 234.65 (1) (f) The authority may not issue bonds or notes under par. (a) unless it has contracted to reimburse the department of commerce Wisconsin Economic Development Corporation a sum certain for the department's corporation's operating costs in carrying out its responsibilities to effectuate and promote the economic development programs created with the bonding authority in this chapter and its responsibilities under s. 560.03 (17) 238.25.

AB40, s. 2835 Section 2835. 234.65 (1m) of the statutes is amended to read:

AB40,1061,9 234.65 (1m) The department of commerce Wisconsin Economic Development Corporation shall, in consultation with the authority, promulgate rules and adopt rules and procedures, in accordance with the procedures under ch. 227, to implement sub. (3).

AB40, s. 2836 Section 2836. 234.65 (3) (a) of the statutes is amended to read:

AB40,1061,15 234.65 (3) (a) The business that will receive the loan, at least 30 days prior to signing of the loan contract, has given notice of intent to sign the contract, on a form prescribed under s. 560.034 238.11 (1), to the department of commerce Wisconsin Economic Development Corporation and to any collective bargaining agent in this state with whom the person has a collective bargaining agreement.

AB40, s. 2837 Section 2837. 234.65 (3) (am) of the statutes is amended to read:

AB40,1061,22 234.65 (3) (am) The authority has received an estimate issued under s. 560.034 238.11 (5) (b), and the department of commerce Wisconsin Economic Development Corporation has estimated whether the project that the authority would finance under the loan is expected to eliminate, create, or maintain jobs on the project site and elsewhere in this state and the net number of jobs expected to be eliminated, created, or maintained as a result of the project.

AB40, s. 2838 Section 2838. 234.65 (3m) of the statutes is amended to read:

AB40,1062,3 234.65 (3m) An economic development loan may not be made unless the department of commerce Wisconsin Economic Development Corporation complies with sub. (1m) and certifies that each loan complies with sub. (3).

AB40, s. 2839 Section 2839. 234.65 (3r) of the statutes is amended to read:

AB40,1062,13 234.65 (3r) Any economic development loan which that a business receives from the authority under this section to finance a project shall require the business to submit to the department of commerce Wisconsin Economic Development Corporation within 12 months after the project is completed or 2 years after a loan is issued to finance the project, whichever is sooner, on a form prescribed under s. 560.034 234.11 (1), the net number of jobs eliminated, created, or maintained on the project site and elsewhere in this state as a result of the project. This subsection does not apply to an economic development loan to finance an economic development project described under s. 234.01 (4n) (c).

AB40, s. 2840 Section 2840. 234.65 (5) (intro.) of the statutes is amended to read:

AB40,1062,19 234.65 (5) (intro.) On or before July 1, 1985, and every July 1 thereafter, the department of commerce Wisconsin Economic Development Corporation shall submit to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a report which shall address that addresses the effects of lending under this section in the following areas:

AB40, s. 2841 Section 2841. 234.83 (1c) (b) of the statutes is amended to read:

AB40,1062,22 234.83 (1c) (b) "Small business" means a business, as defined in s. 560.60 (2) 84.185 (1) (a), that employs 50 or fewer employees on a full-time basis.

AB40, s. 2842 Section 2842. 234.84 (1) of the statutes is amended to read:

AB40,1062,25 234.84 (1) Definition. In this section, "department" "corporation" means the department of commerce Wisconsin Economic Development Corporation.

AB40, s. 2843 Section 2843. 234.84 (3) (c) of the statutes is amended to read:

AB40,1063,3 234.84 (3) (c) The interest rate on the loan, including any origination fees or other charges, is approved by the department corporation.

AB40, s. 2844 Section 2844. 234.84 (4) (a) of the statutes is amended to read:

AB40,1063,12 234.84 (4) (a) Subject to par. (b), the authority shall guarantee collection of a percentage of the principal of, and all interest and any other amounts outstanding on, any loan eligible for a guarantee under sub. (2). The department corporation shall establish the percentage of the principal of an eligible loan that will be guaranteed, using the procedures described in the agreement under s. 234.932 (3) (a). The department corporation may establish a single percentage for all guaranteed loans or establish different percentages for eligible loans on an individual basis.

AB40, s. 2845 Section 2845. 234.84 (5) (a) of the statutes is amended to read:

AB40,1063,21 234.84 (5) (a) The program under this section shall be administered by the department corporation with the cooperation of the authority. The department corporation shall enter into a memorandum of understanding with the authority setting forth the respective responsibilities of the department corporation and the authority with regard to the administration of the program, including the functions and responsibilities specified in s. 234.932. The memorandum of understanding shall provide for reimbursement to the department corporation by the authority for costs incurred by the department corporation in the administration of the program.

AB40, s. 2846 Section 2846. 234.84 (5) (b) of the statutes is amended to read:

AB40,1063,25 234.84 (5) (b) The department corporation may charge a premium, fee, or other charge to a borrower of a guaranteed loan under this section for the administration of the loan guarantee.

AB40, s. 2847 Section 2847. 234.932 (1) of the statutes is repealed.

AB40, s. 2848 Section 2848. 234.932 (2) (a) of the statutes is amended to read:

AB40,1064,5 234.932 (2) (a) Moneys appropriated to the authority under s. 20.490 (6) (a) and (k) or received by the authority for the Wisconsin job training reserve fund from any other source.

AB40, s. 2849 Section 2849. 234.932 (3) (a) (intro.) of the statutes is amended to read:

AB40,1064,12 234.932 (3) (a) (intro.) The authority or department shall enter into a guarantee agreement with any bank, production credit association, credit union, savings bank, savings and loan association, or other person who wishes to participate in the loan program guaranteed by the Wisconsin job training reserve fund. The authority or department may determine all of the following, consistent with the terms of the loan guarantee program:

AB40, s. 2850 Section 2850. 234.932 (3) (a) 2. of the statutes is amended to read:

AB40,1064,15 234.932 (3) (a) 2. Any conditions upon which the authority or department may refuse to enter into such an agreement.

AB40, s. 2851 Section 2851. 234.932 (3) (c) of the statutes is amended to read:

AB40,1064,21 234.932 (3) (c) The department Wisconsin Economic Development Corporation may establish an eligibility criteria review panel, consisting of experts in finance and in the subject area of the job training loan guarantee program, to provide advice about lending requirements and issues related to the job training loan guarantee program.