SB468,7 14Section 7. 13.625 (9) of the statutes is amended to read:
SB468,9,2015 13.625 (9) This section does not apply to the solicitation, acceptance, or
16furnishing of anything of pecuniary value by the Wisconsin Economic Development
17Corporation
department of economic opportunity, or to a principal furnishing
18anything of pecuniary value to the Wisconsin Economic Development Corporation
19department of economic opportunity, under s. 19.56 (3) (e) or (f) for the activities
20specified in s. 19.56 (3) (e).
SB468,8 21Section 8. 13.94 (1) (dr) of the statutes is amended to read:
SB468,9,2522 13.94 (1) (dr) Biennially, beginning in 2013, conduct a financial audit of the
23Wisconsin Economic Development Corporation department of economic opportunity
24and a program evaluation audit of the economic development programs
25administered by the Wisconsin Economic Development Corporation department of

1economic opportunity
under ch. 238 555. The legislative audit bureau shall file a
2copy of each audit report under this paragraph with the distributees specified in par.
3(b).
SB468,9 4Section 9. 13.94 (1) (ds) of the statutes is created to read:
SB468,10,65 13.94 (1) (ds) 1. In this paragraph and in sub. (1s) (c) 5m., "Badger Innovation
6Corporation" means the corporation specified in s. 16.35 (3).
SB468,10,117 2. Each odd-numbered year, conduct a financial audit of the Badger Innovation
8Corporation and a program evaluation audit of the economic development programs
9conducted by the Badger Innovation Corporation under its contract with the
10department of economic opportunity. The legislative audit bureau shall file a copy
11of each audit report under this subdivision with the distributees specified in par. (b).
SB468,10 12Section 10. 13.94 (1) (ms) of the statutes is amended to read:
SB468,10,1613 13.94 (1) (ms) No later than July 1, 2014, prepare a financial and performance
14evaluation audit of the economic development tax benefit program under ss. 238.301
15555.301 to 238.306 555.306. The legislative audit bureau shall file a copy of the
16report of the audit under this paragraph with the distributees specified in par. (b).
SB468,11 17Section 11. 13.94 (1s) (c) 5. of the statutes is amended to read:
SB468,10,2018 13.94 (1s) (c) 5. The Wisconsin Economic Development Corporation
19department of economic opportunity for the cost of the audit required to be performed
20under sub. (1) (dr).
SB468,12 21Section 12. 13.94 (1s) (c) 5m. of the statutes is created to read:
SB468,10,2322 13.94 (1s) (c) 5m. The Badger Innovation Corporation for the cost of the audit
23required to be performed under sub. (1) (ds).
SB468,13 24Section 13. 13.94 (4) (a) 1. of the statutes is amended to read:
SB468,11,16
113.94 (4) (a) 1. Every state department, board, examining board, affiliated
2credentialing board, commission, independent agency, council or office in the
3executive branch of state government; all bodies created by the legislature in the
4legislative or judicial branch of state government; any public body corporate and
5politic created by the legislature including specifically the Fox River Navigational
6System Authority, the Lower Fox River Remediation Authority, the Wisconsin
7Aerospace Authority, the Wisconsin Economic Development Corporation, a
8professional baseball park district, a local professional football stadium district, a
9local cultural arts district and a long-term care district under s. 46.2895; every
10Wisconsin works agency under subch. III of ch. 49; every provider of medical
11assistance under subch. IV of ch. 49; technical college district boards; every county
12department under s. 51.42 or 51.437; every nonprofit corporation or cooperative or
13unincorporated cooperative association to which moneys are specifically
14appropriated by state law; and every corporation, institution, association or other
15organization which receives more than 50% of its annual budget from appropriations
16made by state law, including subgrantee or subcontractor recipients of such funds.
SB468,14 17Section 14. 13.95 (intro.) of the statutes is amended to read:
SB468,12,5 1813.95 Legislative fiscal bureau. (intro.) There is created a bureau to be
19known as the "Legislative Fiscal Bureau" headed by a director. The fiscal bureau
20shall be strictly nonpartisan and shall at all times observe the confidential nature
21of the research requests received by it; however, with the prior approval of the
22requester in each instance, the bureau may duplicate the results of its research for
23distribution. Subject to s. 230.35 (4) (a) and (f), the director or the director's
24designated employees shall at all times, with or without notice, have access to all
25state agencies, the University of Wisconsin Hospitals and Clinics Authority, the

1Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
2Wisconsin Economic Development Corporation,
and the Fox River Navigational
3System Authority, and to any books, records, or other documents maintained by such
4agencies or authorities and relating to their expenditures, revenues, operations, and
5structure.
SB468,15 6Section 15. 15.107 (20) of the statutes is created to read:
SB468,12,97 15.107 (20) Economic development transition council. (a) There is created
8an economic development transition council, attached to the department of
9administration under s. 15.03.
SB468,12,1010 (b) The council consists of the following members:
SB468,12,1111 1. Five members appointed by the governor.
SB468,12,1312 2. One representative to the assembly appointed by the speaker of the
13assembly.
SB468,12,1514 3. One representative to the assembly appointed by the minority leader of the
15assembly.
SB468,12,1616 4. One senator appointed by the majority leader of the senate.
SB468,12,1717 5. One senator appointed by the minority leader of the senate.
SB468,12,1918 6. The chief executive officer, chief operating officer, and chief financial officer
19of the Wisconsin Economic Development Corporation.
SB468,12,2020 7. The secretary of administration.
SB468,12,2121 8. The secretary of revenue.
SB468,12,2322 (c) The members appointed under par. (b) 1. shall include representatives of
23local and regional economic development agencies.
SB468,12,2524 (d) The Wisconsin Economic Development Corporation shall provide staffing
25and facilities for the council.
SB468,13,1
1(e) The council shall be dissolved on January 1, 2019.
SB468,16 2Section 16. 15.107 (20) of the statutes, as created by 2015 Wisconsin Act ....
3(this act), is repealed.
SB468,17 4Section 17. 15.15 of the statutes is created to read:
SB468,13,7 515.15 Department of economic opportunity; creation. There is created
6a department of economic opportunity under the direction and supervision of the
7secretary of economic opportunity.
SB468,18 8Section 18. 15.155 of the statutes is created to read:
SB468,13,13 915.155 Same; attached boards and commissions. (1) Economic
10development policy board
. (a) There is created an economic development policy
11board attached to the department of economic opportunity under s. 15.03 consisting
12of 12 members nominated by the governor and, with the advice and consent of the
13senate, appointed for staggered 3-year terms.
SB468,13,1714 (b) The members appointed under par. (a) shall have expertise in banking,
15business financing, and public economic development administration, and shall
16represent private business and related stakeholder groups. At least 4 of those
17members shall have public economic development administration experience.
SB468,13,2018 (c) The economic development policy board shall assist the department of
19economic opportunity in setting major economic development policy goals for the
20state.
SB468,19 21Section 19. 16.002 (2) of the statutes is amended to read:
SB468,13,2522 16.002 (2) "Departments" means constitutional offices, departments, and
23independent agencies and includes all societies, associations, and other agencies of
24state government for which appropriations are made by law, but not including
25authorities created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238, or 279.
SB468,20
1Section 20. 16.004 (4) of the statutes is amended to read:
SB468,14,72 16.004 (4) Freedom of access. The secretary and such employees of the
3department as the secretary designates may enter into the offices of state agencies
4and authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237,
5238, and 279, and may examine their books and accounts and any other matter that
6in the secretary's judgment should be examined and may interrogate the agency's
7employees publicly or privately relative thereto.
SB468,21 8Section 21. 16.004 (5) of the statutes is amended to read:
SB468,14,129 16.004 (5) Agencies and employees to cooperate. All state agencies and
10authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237, 238,
11and 279, and their officers and employees, shall cooperate with the secretary and
12shall comply with every request of the secretary relating to his or her functions.
SB468,22 13Section 22. 16.045 (1) (a) of the statutes is amended to read:
SB468,14,1914 16.045 (1) (a) "Agency" means an office, department, independent agency,
15institution of higher education, association, society, or other body in state
16government created or authorized to be created by the constitution or any law, that
17is entitled to expend moneys appropriated by law, including the legislature and the
18courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 232,
19233, 234, 237, 238, or 279.
SB468,23 20Section 23. 16.295 of the statutes is renumbered 555.155.
SB468,24 21Section 24. 16.309 of the statutes is renumbered 555.129.
SB468,25 22Section 25. 16.35 of the statutes is created to read:
SB468,14,24 2316.35 Economic development transition council. (1) Definitions. In this
24section:
SB468,15,2
1(a) "Badger Innovation Corporation" means the corporation specified in sub.
2(3).
SB468,15,43 (b) "Department" means the department of economic opportunity, as created
4in 2015 Wisconsin Act .... (this act).
SB468,15,55 (c) "Transition council" means the economic development transition council.
SB468,15,66 (d) "Transition plan" means the plan created under sub. (2) (a).
SB468,15,10 7(2) Transition plan. (a) The transition council shall develop a detailed plan
8for the transfer of the Wisconsin Economic Development Corporation's duties,
9powers, and functions to the department and the Badger Innovation Corporation.
10The plan shall include all of the following:
SB468,15,1211 1. An organizational plan for the department and the Badger Innovation
12Corporation.
SB468,15,1513 2. A plan for the transfer of all assets and liabilities of the Wisconsin Economic
14Development Corporation to the department and the Badger Innovation
15Corporation
SB468,15,1716 3. A plan for the transfer of employees of the Wisconsin Economic Development
17Corporation to the department or the Badger Innovation Corporation.
SB468,15,2018 4. A plan for the transfer of tangible personal property of the Wisconsin
19Economic Development Corporation to the department or the Badger Innovation
20Corporation.
SB468,16,221 5. A plan for the transfer of all matters pending with the Wisconsin Economic
22Development Corporation to the department or the Badger Innovation Corporation.
23The plan under this subdivision shall provide that all materials submitted to or
24actions taken by the Wisconsin Economic Development Corporation with respect to

1the pending matter are considered as having been submitted to or taken by the
2department or the Badger Innovation Corporation, as appropriate.
SB468,16,113 6. A plan for the transfer of all contracts entered into by the Wisconsin
4Economic Development Corporation, and all contracts entered into by the former
5department of commerce and maintained by the Wisconsin Economic Development
6Corporation, to the department or the Badger Innovation Corporation. The plan
7under this subdivision shall provide that the contracts remain in effect and that the
8department or the Badger Innovation Corporation, as appropriate, shall carry out
9any obligations under such a contract until the contract is modified or rescinded by
10the department or the Badger Innovation Corporation, as appropriate, to the extent
11allowed under the contract.
SB468,16,2012 7. A plan for the transfer of policies and procedures and orders of the Wisconsin
13Economic Development Corporation to the department or the Badger Innovation
14Corporation. The plan under this subdivision shall provide that the transferred
15policies and procedures remain in effect until their specified expiration dates or until
16amended or repealed by the department or the Badger Innovation Corporation, as
17appropriate, and that all orders issued by the Wisconsin Economic Development
18Corporation remain in effect until their specified expiration dates or until modified
19or rescinded by the department or the Badger Innovation Corporation, as
20appropriate.
SB468,16,2421 8. Proposed legislation reconciling the acts of 2015, 2017, and 2019, as
22appropriate, with 2015 Wisconsin Act .... (this act). The transition council shall use
23the drafting services of the legislative reference bureau to draft the proposed
24legislation.
SB468,17,4
1(b) 1. The transition council shall submit the transition plan to the governor
2within 12 months after the effective date of this subdivision .... [LRB inserts date].
3The joint committee on finance may approve an extension of that deadline if
4requested by the transition council.
SB468,17,75 2. Except as provided in subd. 4., the governor shall include the transition plan
6submitted by the transition council under subd. 1. as a part of the governor's
7executive budget for the 2017-19 fiscal biennium.
SB468,17,118 3. If the transition plan or a version of it is enacted as a part of the 2017-19
9biennial budget act, and unless a different effective date is provided in the 2017-19
10biennial budget act, the transition plan as enacted shall take effect on the first day
11of the 7th month beginning after publication of the 2017-19 biennial budget act.
SB468,17,1612 4. If the transition council does not submit the transition plan to the governor
13in time for inclusion as a part of the governor's executive budget for the 2017-19
14fiscal biennium, the governor shall include the transition plan submitted by the
15transition council under subd. 1. as a part of the governor's executive budget for the
162019-21 fiscal biennium.
SB468,17,2017 5. If the transition plan or a version of it is enacted as a part of the 2019-21
18biennial budget act, and unless a different effective date is provided in the 2019-21
19biennial budget act, the transition plan as enacted shall take effect on the first day
20of the 7th month beginning after publication of the 2019-21 biennial budget act.
SB468,17,2421 6. The chairperson of the transition council shall send a notice to the legislative
22reference bureau for publication in the Wisconsin Administrative Register that
23confirms enactment of the transition plan and states the effective date of the
24transition plan as enacted.
SB468,18,2
1(3) Badger Innovation Corporation; creation. The transition council shall do
2all of the following:
SB468,18,53 (a) Draft and file articles of incorporation for a nonstock corporation under ch.
4181 and take all actions necessary to exempt the corporation from federal taxation
5under section 501 (c) (3) of the Internal Revenue Code.
SB468,18,86 (b) Draft bylaws for adoption by the initial board of directors of the Badger
7Innovation Corporation under s. 181.0206 (2). The bylaws shall specify the method
8of selection and composition of the board of directors required under s. 555.42.
SB468,26 9Section 26. 16.35 of the statutes, as created by 2015 Wisconsin Act .... (this
10act), is repealed.
SB468,27 11Section 27. 16.41 (4) of the statutes is amended to read:
SB468,18,1312 16.41 (4) In this section, "authority" means a body created under subch. II of
13ch. 114 or under ch. 231, 233, 234, 237, 238, or 279.
SB468,28 14Section 28. 16.417 (1) (b) of the statutes is amended to read:
SB468,18,1615 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
16ch. 231, 232, 233, 234, 237, 238, or 279.
SB468,29 17Section 29. 16.52 (7) of the statutes is amended to read:
SB468,19,218 16.52 (7) Petty cash account. With the approval of the secretary, each agency
19that is authorized to maintain a contingent fund under s. 20.920 may establish a
20petty cash account from its contingent fund. The procedure for operation and
21maintenance of petty cash accounts and the character of expenditures therefrom
22shall be prescribed by the secretary. In this subsection, "agency" means an office,
23department, independent agency, institution of higher education, association,
24society, or other body in state government created or authorized to be created by the
25constitution or any law, that is entitled to expend moneys appropriated by law,

1including the legislature and the courts, but not including an authority created in
2subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, or 279.
SB468,30 3Section 30. 16.528 (1) (a) of the statutes is amended to read:
SB468,19,94 16.528 (1) (a) "Agency" means an office, department, independent agency,
5institution of higher education, association, society, or other body in state
6government created or authorized to be created by the constitution or any law, that
7is entitled to expend moneys appropriated by law, including the legislature and the
8courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 233,
9234, 237, 238, or 279.
SB468,31 10Section 31. 16.53 (2) of the statutes is amended to read:
SB468,19,1911 16.53 (2) Improper invoices. If an agency receives an improperly completed
12invoice, the agency shall notify the sender of the invoice within 10 working days after
13it receives the invoice of the reason it is improperly completed. In this subsection,
14"agency" means an office, department, independent agency, institution of higher
15education, association, society, or other body in state government created or
16authorized to be created by the constitution or any law, that is entitled to expend
17moneys appropriated by law, including the legislature and the courts, but not
18including an authority created in subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238,
19or 279.
SB468,32 20Section 32. 16.54 (9) (a) 1. of the statutes is amended to read:
SB468,20,221 16.54 (9) (a) 1. "Agency" means an office, department, independent agency,
22institution of higher education, association, society or other body in state
23government created or authorized to be created by the constitution or any law, which
24is entitled to expend moneys appropriated by law, including the legislature and the

1courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 233,
2234, 237, 238, or 279.
SB468,33 3Section 33. 16.85 (2) of the statutes is amended to read:
SB468,20,134 16.85 (2) To furnish engineering, architectural, project management, and other
5building construction services whenever requisitions therefor are presented to the
6department by any agency. The department may deposit moneys received from the
7provision of these services in the account under s. 20.505 (1) (kc) or in the general
8fund as general purpose revenue — earned. In this subsection, "agency" means an
9office, department, independent agency, institution of higher education, association,
10society, or other body in state government created or authorized to be created by the
11constitution or any law, which is entitled to expend moneys appropriated by law,
12including the legislature and the courts, but not including an authority created in
13subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, or 279.
SB468,34 14Section 34. 16.865 (8) of the statutes is amended to read:
SB468,21,415 16.865 (8) Annually in each fiscal year, allocate as a charge to each agency a
16proportionate share of the estimated costs attributable to programs administered by
17the agency to be paid from the appropriation under s. 20.505 (2) (k). The department
18may charge premiums to agencies to finance costs under this subsection and pay the
19costs from the appropriation on an actual basis. The department shall deposit all
20collections under this subsection in the appropriation account under s. 20.505 (2) (k).
21Costs assessed under this subsection may include judgments, investigative and
22adjustment fees, data processing and staff support costs, program administration
23costs, litigation costs, and the cost of insurance contracts under sub. (5). In this
24subsection, "agency" means an office, department, independent agency, institution
25of higher education, association, society, or other body in state government created

1or authorized to be created by the constitution or any law, that is entitled to expend
2moneys appropriated by law, including the legislature and the courts, but not
3including an authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237,
4238, or 279.
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