SB873: Bill Text

SB873,26 Section 26. 16.97 (1m) of the statutes is amended to read:

SB873,10,17 16.97 (1m) “Agency" has the meaning given in s. 16.70 (1e) means an office, department, agency, institution of higher education, association, society, or other body in state government created or authorized to be created by the constitution or any law, which is entitled to expend moneys appropriated by law, including the legislature and the courts, but not including an authority.

SB873,27 Section 27. 20.505 (5) (ke) of the statutes is amended to read:

SB873,10,24 20.505 (5) (ke) Additional energy conservation construction projects. All moneys received by the department from agencies, as defined in s. 16.70 (1e) 16.97 (1m), in payment of assessments under s. 16.847 (3) for energy cost savings at state facilities, for the purpose of providing additional funding to those agencies for energy conservation construction projects at state facilities under the jurisdiction of the agencies as provided in s. 16.847 (2).

SB873,28 Section 28. 20.866 (2) (ws) of the statutes, as affected by 2017 Wisconsin Act 59, is amended to read:

SB873,11,8 20.866 (2) (ws) Administration; energy conservation projects; capital improvement fund. From the capital improvement fund, a sum sufficient for the department of administration to provide funding to agencies, as defined in s. 16.70 (1e) 16.97 (1m), for energy conservation construction projects at state facilities under the jurisdiction of the agencies pursuant to s. 16.847 (2). The state may contract public debt in an amount not exceeding $220,000,000 for this purpose.

SB873,29 Section 29. 20.867 (3) (kd) of the statutes is amended to read:

SB873,11,19 20.867 (3) (kd) Energy conservation construction projects; principal repayment, interest and rebates. All moneys received by the building commission from agencies, as defined in s. 16.70 (1e) 16.97 (1m), in payment of assessments under s. 16.847 (3), for the purpose of reimbursing s. 20.866 (1) (u) for the payment of principal and interest costs incurred in financing energy conservation construction projects at state facilities, to make the payments determined by the building commission under s. 13.488 (1) (m) that are attributable to the proceeds of obligations incurred in financing energy conservation construction projects at state facilities, and to make payments under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a).

SB873,30 Section 30. 238.02 (1) of the statutes is amended to read:

SB873,12,9 238.02 (1) There is created an authority, which is a public body corporate and politic, to be known as the “Wisconsin Economic Development Corporation." The members of the board shall consist of 6 members nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor for 6-year terms; 3 members appointed by the speaker of the assembly, consisting of one majority and one minority party representative to the assembly, appointed as are the members of standing committees in the assembly, and one person employed in the private sector, to serve at the speaker's pleasure for a 6-year term; and 3 members appointed by the senate majority leader, consisting of one majority and one minority party senator, appointed as are members of standing committees in the senate, and one person employed in the private sector, to serve at the majority leader's pleasure for a 6-year term. The secretary of administration and the secretary of revenue shall also serve on the board as nonvoting members. The board shall elect a chairperson from among its nonlegislative voting members.

SB873,31 Section 31. 238.02 (1g) of the statutes is created to read:

SB873,12,15 238.02 (1g) (a) The board shall elect a lead director to serve for a 2-year term. The lead director shall have significant corporate management experience and shall be one of the members of the board nominated by the governor or one of the members appointed by the speaker of the assembly or senate majority leader who is employed in the private sector.

SB873,12,16 (b) The lead director shall do all of the following:

SB873,12,17 1. Chair meetings of the board in the chairperson's absence.

SB873,12,18 2. Chair the governance committee under sub. (1r).

SB873,12,20 3. Serve as a liaison between the chairperson of the board and the other members of the board.

SB873,12,22 4. Work with the chairperson to ensure an adequate committee structure for any committee the board establishes.

SB873,12,24 5. Carry out any other duties assigned to the lead director by the board or the governance committee.

SB873,32 Section 32. 238.02 (1r) of the statutes is created to read:

SB873,13,5 238.02 (1r) (a) The board shall establish a governance committee. The governance committee shall consist of the lead director and 2 other members who shall be elected by the board from the members of the board nominated by the governor or the members appointed by the speaker of the assembly and senate majority leader who are employed in the private sector, or both.

SB873,13,6 (b) The governance committee shall do all of the following:

SB873,13,7 1. Develop governance principles for the board's oversight of the corporation.

SB873,13,8 2. Oversee the board's operations.

SB873,13,9 3. Recommend membership for committees the board establishes.

SB873,13,11 4. Assist the chairperson to identify qualified candidates to fill vacancies on the board.

SB873,13,13 5. Facilitate communication between the members of the board and the chief executive officer of the corporation.

SB873,33 Section 33. 238.03 (2) (c) of the statutes is amended to read:

SB873,13,19 238.03 (2) (c) Require that each recipient of a grant or, loan, or allocation of a tax benefit under the program submit a report to the corporation. Each contract with a recipient of a grant or, loan , or allocation of a tax benefit under the program must specify the frequency and format of the report to be submitted to the corporation and the performance measures to be included in the report.

SB873,34 Section 34. 238.03 (2) (e) of the statutes is amended to read:

SB873,13,23 238.03 (2) (e) Annually and independently verify, from a sample of grants and, loans, and allocations of tax benefits, the accuracy of the information required to be reported under par. (c).

SB873,35 Section 35. 238.07 (2) (gm) of the statutes is created to read:

SB873,14,4 238.07 (2) (gm) The number of recipients of a grant, loan, or tax benefit under the program that satisfied the requirements under s. 238.03 (2) (c) and a list that identifies each recipient of a grant, loan, or tax benefit under the program that failed to satisfy those requirements.

SB873,36 Section 36. 250.20 (1) (k) of the statutes is amended to read:

SB873,14,6 250.20 (1) (k) “State agency" has the meaning given in s. 16.70 (1e) 16.97 (1m).

SB873,37 Section 37. Nonstatutory provisions.

SB873,14,8 (1) Term limits; staggering of terms.

SB873,14,12 (a) The current members of the board of directors of the Wisconsin Economic Development Corporation who are nominated by the governor shall no longer serve at the pleasure of the governor but shall have terms expiring as follows, in order from first to last based on the order in which the members were appointed:

SB873,14,13 1. The terms of 2 members shall expire on July 1, 2022.

SB873,14,14 2. The terms of 2 members shall expire on July 1, 2023.

SB873,14,15 3. The terms of 2 members shall expire on July 1, 2024.

SB873,14,19 (b) The current member of the board of directors of the Wisconsin Economic Development Corporation who is employed in the private sector and appointed by the speaker of the assembly shall no longer serve at the pleasure of the speaker but shall have a term expiring on July 1, 2021.

SB873,14,23 (c) The current member of the board of directors of the Wisconsin Economic Development Corporation who is employed in the private sector and appointed by the senate majority leader shall no longer serve at the pleasure of the majority leader but shall have a term expiring on July 1, 2021.

SB873,14,24 (End)