SB468,351 6Section 351. 238.03 (title) and (1) to (3) of the statutes are renumbered 555.03
7(title) and (1) to (3), and 555.03 (title), (1), (2) (intro.) and (c) and (3) (intro.), (a) and
8(b) (intro.), as renumbered, are amended to read:
SB468,109,9 9555.03 (title) Duties of board the department.
SB468,109,17 10(1) The board department shall develop and implement economic programs to
11promote family-supporting jobs, to provide business support and expertise and
12financial assistance to companies that are investing and creating jobs in Wisconsin,
13and to support new business start-ups and business expansion and growth in
14Wisconsin. The board department may also develop and implement any other
15programs related to economic development in Wisconsin. The department shall
16emphasize programs that encourage entrepreneurship, new business start-ups, and
17woman-owned, disabled-veteran owned, and minority businesses.
SB468,109,19 18(2) (intro.) For each program developed and implemented by the board
19department, the board department shall do all of the following:
SB468,109,2420 (c) Require that each recipient of a grant or loan under the program submit a
21report to the corporation department. Each contract with a recipient of a grant or
22loan under the program must specify the frequency and format of the report to be
23submitted to the corporation department and the performance measures to be
24included in the report.
SB468,110,2
1(3) (intro.) The board department shall require for each program developed and
2implemented by the board department all of the following:
SB468,110,163 (a) That each recipient of a grant or loan under the program of at least $100,000
4submit to the corporation department, within 120 days after the end of the recipient's
5fiscal year in which any grant or loan funds were expended, a schedule of
6expenditures of the grant or loan funds, including expenditures of any matching cash
7or in-kind match, signed by the director or principal officer of the recipient to attest
8to the accuracy of the schedule of expenditures. The recipient shall engage an
9independent certified public accountant to perform procedures, approved by the
10corporation department and consistent with applicable professional standards of the
11American Institute of Certified Public Accountants, to determine whether the grant
12or loan funds and any matching cash or in-kind match were expended in accordance
13with the grant or loan contract. The board department shall also require the
14recipient of such a grant or loan to make available for inspection the documents
15supporting the schedule of expenditures. The board department shall include the
16requirements under this paragraph in the contract with grant or loan recipients.
SB468,110,2117 (b) (intro.) That the board department, if a recipient of a grant or loan under
18the program submits false or misleading information to the corporation department
19or fails to comply with the terms of a contract entered into with the corporation
20department, without providing satisfactory explanation for the noncompliance, do
21all of the following:
SB468,352 22Section 352. 238.03 (4) of the statutes, as created by 2015 Wisconsin Act 55,
23is repealed.
SB468,353 24Section 353. 238.04 of the statutes is repealed.
SB468,354 25Section 354. 238.045 of the statutes is repealed.
SB468,355
1Section 355. 238.046 of the statutes is repealed.
SB468,356 2Section 356. 238.05 of the statutes is repealed.
SB468,357 3Section 357. 238.06 of the statutes is repealed.
SB468,358 4Section 358. 238.07 (1) of the statutes is renumbered 555.07 (1) and amended
5to read:
SB468,111,96 555.07 (1) Annually, by January 1, the board department shall submit to the
7chief clerk of each house of the legislature, for distribution to the legislature under
8s. 13.172 (2), a report identifying the economic development projects that the board
9department intends to develop and implement during the current calendar year.
SB468,359 10Section 359. 238.07 (2) of the statutes is renumbered 555.07 (2), and 555.07
11(2) (intro.), (ag) and (ar), as renumbered, are amended to read:
SB468,111,1612 555.07 (2) (intro.) Annually, no later than October l, the board department shall
13submit to the joint legislative audit committee and the chief clerk of each house of
14the legislature, for distribution to the legislature under s. 13.172 (2), a report for the
15previous fiscal year on each of the economic development programs of the corporation
16department that contains all of the following:
SB468,111,2017 (ag) An accounting of the location, by municipality, of each job created or
18retained in the state in the previous fiscal year as a result of the program. The
19department may not rely on aggregate jobs impact numbers for its report under this
20paragraph.
SB468,111,2321 (ar) An accounting of the industry classification, by municipality, of each job
22created or retained in the state as a result of the program. The department may not
23rely on aggregate jobs impact numbers for its report under this paragraph.
SB468,360 24Section 360. 238.07 (3) of the statutes is renumbered 555.07 (3) and amended
25to read:
SB468,112,7
1555.07 (3) The board department shall make readily accessible to the public
2on an Internet-based system Internet site the information required under sub. (2).
3The department's Internet site shall also contain the department's job creation and
4retention goals; all amendments to contracts executed under an economic
5development program of the department; and all agendas, meeting minutes, and
6materials discussed for meetings of the economic development policy board and the
7board of directors of the Badger Innovation Corporation.
SB468,361 8Section 361. 238.07 (4) of the statutes is repealed.
SB468,362 9Section 362. 238.08 of the statutes is repealed.
SB468,363 10Section 363. 238.09 of the statutes is repealed.
SB468,364 11Section 364. 238.10 of the statutes is renumbered 555.10 and amended to
12read:
SB468,112,1913 555.10 (1) Allocation. The corporation department shall establish under 26
14USC 146
and administer a system for the allocation of the volume cap on the issuance
15of private activity bonds, as defined under 26 USC 141 (a), among all municipalities,
16as defined in s. 67.01 (5), and any corporation formed on behalf of those
17municipalities, and among this state, the Wisconsin Health and Educational
18Facilities Authority, the Wisconsin Aerospace Authority, and the Wisconsin Housing
19and Economic Development Authority.
SB468,112,25 20(2) Amendment to allocation. At any time prior to December 31 in any year,
21the corporation department may adopt rules to revise the allocation system
22established for that year under sub. (1), except that any revision under this
23subsection does not apply to any allocation under which the recipient of that
24allocation has adopted a resolution authorizing the issuance of a private activity
25bond, as defined in 26 USC 141 (a).
SB468,113,5
1(3) Conditions. The corporation department may establish any procedure for,
2and place any condition upon, the granting of an allocation under this section which
3the corporation department deems to be in the best interest of the state including a
4requirement that a cash deposit, at a rate established by the corporation department,
5be a condition for an allocation.
SB468,113,8 6(4) Certification. If the corporation department receives notice of the issuance
7of a bond under an allocation under subs. (1) to (3), the corporation department shall
8certify that that bond meets the requirements of 26 USC 146.
SB468,365 9Section 365. 238.11 of the statutes is renumbered 555.11 and amended to
10read:
SB468,113,1711 555.11 (1) The corporation department shall prescribe the notice forms to be
12used under s. 66.1103 (4m) (a) 1. The corporation department shall include on the
13forms a requirement for information on the number of jobs the person submitting the
14notice expects to be eliminated, created, or maintained on the project site and
15elsewhere in this state by the project which is the subject of the notice. The
16corporation department shall prescribe the forms to be used under s. 66.1103 (4m)
17(b).
SB468,113,23 18(2) If the corporation department receives a notice under s. 66.1103 (4m) (a),
19the corporation department shall estimate, no later than 20 days after receipt of the
20notice, whether the project that is the subject of the notice is expected to eliminate,
21create, or maintain jobs on the project site and elsewhere in this state and the net
22number of jobs expected to be eliminated, created, or maintained as a result of the
23project.
SB468,114,3
1(5) The corporation department shall issue an estimate made under sub. (2) to
2the city, village, town, or county which will issue the bonds to finance the project
3which is the subject of the estimate.
SB468,366 4Section 366. 238.115 of the statutes, as created by 2015 Wisconsin Act 55, is
5renumbered 555.115, and 555.115 (1) (intro.), (a), (b), (e) and (g), (2) and (3), as
6renumbered, are amended to read:
SB468,114,107 555.115 (1) Corporation Department obligations. (intro.) No later than the
8end of the first month following each quarter, the corporation department shall
9provide to the department of revenue all of the following information for the previous
10quarter:
SB468,114,1211 (a) The identity of each person the corporation department certified for tax
12credits under this chapter and, for each person, the amount certified.
SB468,114,1613 (b) The identity of each person the corporation department verified to claim tax
14credits under this chapter based on the person's satisfaction of all applicable
15requirements to be eligible to claim the tax credits and, for each person, the amount
16verified.
SB468,114,1817 (e) The identity of each person for whom the corporation department revoked
18a certification for tax credits and, for each person, the amount revoked.
SB468,114,2119 (g) Any other information the department of revenue and the corporation
20department agree is necessary to accurately track certification, verification,
21transfer, and usage of tax credits under this chapter.
SB468,114,24 22(2) Each person the corporation department certifies for tax credits under this
23chapter shall provide all information necessary for the corporation department to
24comply with the reporting requirements under sub. (1).
SB468,115,4
1(3) The department of revenue shall track the amount of all tax credits
2administered by the corporation department under this chapter that have been
3claimed or used to offset tax liability and the amount of all available unused tax
4credits under this chapter.
SB468,367 5Section 367. 238.12 of the statutes, as affected by 2015 Wisconsin Act 55, is
6renumbered 555.12 and amended to read:
SB468,115,8 7555.12 Repayment of grants, loans, and tax benefits. (1) (intro.) In this
8section, "tax:
SB468,115,10 9(b) "Tax benefits" means the credits under ss. 71.07 (2dm), (2dx), (3g), and (3t),
1071.28 (1dm), (1dx), (3g), and (3t), 71.47 (1dm), (1dx), (3g), and (3t), and 76.636.
SB468,115,1311 555.12 (2) The corporation may not award a grant or loan under this chapter
12to a person or certify a person to receive tax benefits unless the corporation enters
13into an agreement with the person that requires does all of the following:
SB468,115,18 14(a) Requires the person to repay the grant, loan, or tax benefits if, within 5 years
15after receiving the grant or loan or being certified to receive tax benefits, the person
16ceases to conduct in this state the economic activity for which the person received the
17grant or loan or for which the person was certified to receive tax benefits and
18commences substantially the same economic activity outside this state.
SB468,368 19Section 368. 238.123 of the statutes, as created by 2015 Wisconsin Act 55, is
20repealed.
SB468,369 21Section 369. 238.125 of the statutes is renumbered 555.125 and amended to
22read:
SB468,115,25 23555.125 Notification of position openings; compliance. The corporation
24department shall monitor compliance with the position-opening notification
25requirements under ss. 66.1103 (6m) and 106.16.
SB468,370
1Section 370. 238.127 of the statutes is renumbered 555.127, and 555.127 (2)
2(intro.), (c) (intro.), (e), (h) and (j), as renumbered, are amended to read:
SB468,116,83 555.127 (2) (intro.) The corporation department shall establish and administer
4a state main street program to coordinate state and local participation in programs
5offered by the national main street center, created by the national trust for historic
6preservation, to assist municipalities in planning, managing and implementing
7programs for the revitalization of business areas. The corporation department shall
8do all of the following:
SB468,116,119 (c) (intro.) With help from interested individuals and organizations, develop a
10plan describing the objectives of the state main street program and the methods by
11which the corporation department shall:
SB468,116,2012 (e) Annually select, upon application, up to 5 municipalities to participate in
13the state main street program. The program for each municipality shall conclude
14after 3 years, except that the program for each municipality selected after July 29,
151995, shall conclude after 5 years. The corporation department shall select program
16participants representing various geographical regions and populations. A
17municipality may apply to participate, and the corporation department may select
18a municipality for participation, more than one time. In selecting a municipality,
19however, the corporation department may give priority to those municipalities that
20have not previously participated.
SB468,116,2421 (h) Provide training, technical assistance and information on the revitalization
22of business areas to municipalities which do not participate in the state main street
23program. The corporation department may charge reasonable fees for the services
24and information provided under this paragraph.
SB468,117,2
1(j) The corporation department shall expend at least $250,000 annually on the
2state main street program.
SB468,371 3Section 371. 238.13 of the statutes, as affected by 2015 Wisconsin Act 55, is
4renumbered 555.13, and 555.13 (2) (a) (intro.), (3) (intro.) and (f) and (5), as
5renumbered, are amended to read:
SB468,117,76 555.13 (2) (a) (intro.) The corporation department may make a grant to a
7person if all of the following apply:
SB468,117,9 8(3) (intro.) The corporation department may consider the following criteria in
9making awards under this section:
SB468,117,1110 (f) Any other factors considered by the corporation department to be relevant
11to assessing the viability and feasibility of the project.
SB468,117,14 12(5) Before the corporation department awards a grant under this section, the
13corporation department shall consider the recommendations of the department of
14natural resources.
SB468,372 15Section 372. 238.133 of the statutes is renumbered 555.133, and 555.133 (2)
16(title), (a), (b), (c) and (d), (3) (intro.), (4), (5) (intro.) and (c) and (7), as renumbered,
17are amended to read:
SB468,117,1818 555.133 (2) (title) Duties of the corporation department.
SB468,117,2219 (a) The corporation department shall administer a program to award
20brownfield site assessment grants from the appropriation under s. 20.192 20.143 (1)
21(s) to local governmental units for the purposes of conducting any of the eligible
22activities under sub. (3).
SB468,117,2523 (b) The corporation department may not award a grant to a local governmental
24unit under this section if that local governmental unit caused the environmental
25contamination that is the basis for the grant request.
SB468,118,4
1(c) The corporation department may only award grants under this section if the
2person that caused the environmental contamination that is the basis for the grant
3request is unknown, cannot be located or is financially unable to pay the cost of the
4eligible activities.
SB468,118,85 (d) The corporation department shall establish criteria as necessary to
6administer the program. The corporation department may limit the total amount of
7funds that may be used to cover the costs of each category of eligible activity
8described in sub. (3).
SB468,118,10 9(3) (intro.) The corporation department may award grants to local
10governmental units to cover the costs of the following activities:
SB468,118,13 11(4) The applicant shall submit an application on a form prescribed by the
12corporation department and shall include any information that the corporation
13department finds necessary to calculate the amount of a grant.
SB468,118,15 14(5) (intro.) The corporation department shall consider the following criteria
15when determining whether to award a grant:
SB468,118,1716 (c) Other criteria that the corporation department finds necessary to calculate
17the amount of a grant.
SB468,118,20 18(7) The corporation department may not distribute a grant unless the
19applicant contributes matching funds equal to 20% of the grant. Matching funds
20may be in the form of cash or in-kind contribution or both.
SB468,373 21Section 373. 238.135 of the statutes is renumbered 555.135 and amended to
22read:
SB468,119,2 23555.135 Grants to regional economic development organizations. The
24corporation department shall award annual grants to regional economic
25development organizations to fund marketing activities. The amount of each grant

1may not exceed $100,000 or the amount of matching funds the organization obtains
2from sources other than the corporation or the state, whichever is less.
SB468,374 3Section 374. 238.14 of the statutes, as created by 2015 Wisconsin Act 55, is
4renumbered 555.14 and amended to read:
SB468,119,9 5555.14 St. Croix Valley Business Incubator. From the appropriation under
6s. 20.192 20.143 (1) (a), the corporation department shall make a grant of $250,000
7to the River Falls Economic Development Corporation to construct the St. Croix
8Valley Business Incubator. The corporation department may award the grant under
9this section only if federal moneys are secured for the same purpose.
SB468,375 10Section 375. 238.145 of the statutes, as created by 2015 Wisconsin Act 55, is
11renumbered 555.145, and 555.145 (1) (a), (2) (a), (b) and (c), (3) (a) and (b), (5) (a) and
12(b) (intro.), 1., 2. and 3. and (6), as renumbered, are amended to read:
SB468,119,1413 555.145 (1) (a) "Eligible recipient" means a person the corporation department
14certifies under sub. (2) (b) as eligible to receive grants under this section.
SB468,119,16 15(2) (a) The corporation department shall implement an economic development
16program to award grants under this section.
SB468,119,1917 (b) The corporation department may certify a person as eligible to receive
18grants under this section as provided in policies and procedures rules adopted by the
19corporation department under sub. (6).
SB468,119,2120 (c) The corporation department may not certify a person under par. (b) after
21June 30, 2017.
SB468,119,23 22(3) (a) From the appropriation under s. 20.192 20.143 (1) (a), the corporation
23department may award up to a total of $500,000 in grants to eligible recipients.
SB468,120,3
1(b) The corporation department may not award grants totaling more than
2$75,000 to each eligible recipient, and the corporation department may not award a
3grant of more than $25,000 to an eligible recipient in any year.
SB468,120,8 4(5) (a) The corporation department shall award grants under this section
5annually, on a competitive basis, based on an eligible recipient's financial need; and,
6subject to the limitations under par. (b), the corporation department may not take
7into account whether an eligible recipient was previously awarded a grant under this
8section in determining whether to award a grant to the eligible recipient.
SB468,120,109 (b) (intro.) The corporation department may award no more than 3 annual
10grants to each eligible recipient, as follows:
SB468,120,1211 1. In the first grant year, the corporation department may contribute up to 75
12percent of the eligible recipient's equipment expenditures under sub. (4).
SB468,120,1413 2. In the 2nd grant year, the corporation department may contribute up to 50
14percent of the eligible recipient's equipment expenditures under sub. (4).
SB468,120,1615 3. In the 3rd grant year, the corporation department may contribute up to 25
16percent of the eligible recipient's equipment expenditures under sub. (4).
SB468,120,18 17(6) The corporation department shall adopt policies and procedures
18promulgate rules to implement the grant program under this section.
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