4. DEO's contract with a grant or loan recipient, or with a person DEO certifies
to claim tax credits, must include a provision requiring the recipient to repay all or
a portion of the grant, loan, or tax credits if, within five years after the contract terms
have been completed, the person eliminates any full-time job in this state that was
created as a result of the grant, loan, or tax credits. DEO is also required to refer any
claim for damages with respect to that contract requirement to the Department of
Justice for collection.
5. In its annual report to the legislature, DEO must include the number of
businesses or other persons against whom DEO, or WEDC under previous law, has
initiated an action because the business or other person was not in compliance with
contract requirements under an economic development program administered by
DEO, or WEDC under previous law, and the total dollar amount that has been
recovered to date as a result of those actions.
6. Before DEO executes a contract awarding a grant, loan, or tax credit to a
person, DEO must conduct a thorough background check of the person that includes
information concerning the person's business performance and a review of any legal
proceedings in which the person is or was a party.
7. DEO must cooperate with the Badger Innovation Corporation to carry out
the corporation's economic development duties, described below.
The bill also creates the Economic Development Policy Board (board), attached
to DEO for limited purposes. The board consists of 12 members nominated by the
governor and appointed with senate confirmation for staggered three-year terms.
The members must have expertise in banking, business financing, and public
economic development administration, and must represent private business and
related stakeholder groups. At least four of the members must have public economic

development administration experience. The board's function is to assist DEO in
setting major economic development policy goals for the state.
Badger Innovation Corporation
Finally, under the bill, the transition council is required to draft and file articles
of incorporation creating the Badger Innovation Corporation as a private nonstock,
nonprofit corporation and draft bylaws for adoption by the board of directors of the
corporation. The composition of the board of directors for the Badger Innovation
Corporation is as follows:
1. The secretary of DEO, who acts as chairperson.
2. One representative to the assembly appointed by the speaker of the
assembly.
3. One representative to the assembly appointed by the minority leader of the
assembly.
4. One senator appointed by the majority leader of the senate.
5. One senator appointed by the minority leader of the senate.
6. Nine members nominated by the governor and appointed with senate
confirmation for staggered three-year terms. The members so appointed must
represent regional and local economic development agencies, private business, and
other related stakeholder groups.
7. The secretaries of administration, revenue, and workforce development, who
shall serve as nonvoting members.
The bill contains a number of requirements imposed on the Badger Innovation
Corporation as a condition for the corporation to receive aid under a state
appropriation. Among other things, the Badger Innovation Corporation must do the
following:
1. Develop and implement economic programs to provide business support and
expertise and financial assistance to companies that are investing and creating jobs
in Wisconsin and to support new business start-ups and business expansion and
growth in Wisconsin.
2. Conduct foreign trade missions, business siting promotion, international
business development, and marketing.
3. Create industry cluster development strategies.
4. Adopt the bylaws for the corporation drafted by the transition council and
maintain the required composition and method of selection of the corporation's board
of directors.
5. Provide public access to its records consistent with the state public records
law.
6. Provide public access to its meetings consistent with the state open meetings
law.
7. Fully cooperate with the Legislative Audit Bureau for purposes of a biennial
financial audit and program evaluation audit of the corporation.

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:
SB468,1 1Section 1. 1.12 (1) (b) of the statutes is amended to read:
SB468,8,72 1.12 (1) (b) "State agency" means an office, department, agency, institution of
3higher education, the legislature, a legislative service agency, the courts, a judicial
4branch agency, an association, society, or other body in state government that is
5created or authorized to be created by the constitution or by law, for which
6appropriations are made by law, excluding the Wisconsin Economic Development
7Corporation
.
SB468,2 8Section 2. 13.172 (1) of the statutes is amended to read:
SB468,8,149 13.172 (1) In this section, "agency" means an office, department, agency,
10institution of higher education, association, society, or other body in state
11government created or authorized to be created by the constitution or any law, that
12is entitled to expend moneys appropriated by law, including the legislature and the
13courts, and any authority created in subch. II of ch. 114 or in ch. 231, 233, 234, 238,
14or 279.
SB468,3 15Section 3. 13.48 (10) (b) 6. of the statutes is repealed.
SB468,4 16Section 4. 13.48 (12) (b) 5. of the statutes is repealed.
SB468,5 17Section 5. 13.48 (13) (a) of the statutes is amended to read:
SB468,9,818 13.48 (13) (a) Except as provided in par. (b) or (c), every building, structure or
19facility that is constructed for the benefit of or use of the state, any state agency,
20board, commission or department, the University of Wisconsin Hospitals and Clinics
21Authority, the Fox River Navigational System Authority, the Wisconsin Economic

1Development Corporation,
or any local professional baseball park district created
2under subch. III of ch. 229 if the construction is undertaken by the department of
3administration on behalf of the district, shall be in compliance with all applicable
4state laws, rules, codes and regulations but the construction is not subject to the
5ordinances or regulations of the municipality in which the construction takes place
6except zoning, including without limitation because of enumeration ordinances or
7regulations relating to materials used, permits, supervision of construction or
8installation, payment of permit fees, or other restrictions.
SB468,6 9Section 6. 13.62 (2) of the statutes is amended to read:
SB468,9,1310 13.62 (2) "Agency" means any board, commission, department, office, society,
11institution of higher education, council, or committee in the state government, or any
12authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238, or 279,
13except that the term does not include a council or committee of the legislature.
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.
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