AB43: Bill Text

AB43,1375,18 1. All moneys paid to the investment manager under par. (a) to make investments shall be committed for investment to venture capital funds, subject to the requirements of this section, no later than 60 months after the creation of the fund of funds under sub. (2) (a).

AB43,1375,21 2. No more than $18,750,000 of the total moneys paid to the investment manager under par. (a) to make investments may be invested in any single venture capital fund.

AB43,1375,23 3. At least 20 percent of the investments made through the program shall be directed to any combination of the following:

AB43,1375,25 a. Businesses located in parts of this state that typically do not receive significant investment from venture capital funds.

AB43,1376,3 b. Businesses that are at least 51 percent owned by one or more members of a racial minority group and whose management and daily business operations are controlled by one or more members of a racial minority group.

AB43,1376,6 c. Businesses that are at least 51 percent owned by one or more women and whose management and daily business operations are controlled by one or more women.

AB43,1376,7 (c) No investment may be made through the program in a lobbying or law firm.

AB43,1376,12 (4) Investment manager. The oversight board shall contract with an investment manager who meets the qualifications established by the corporation. The contract shall establish the investment manager's compensation, including any management fee. A management fee may not annually exceed 1 percent of the total assets under management in the fund of funds program.

AB43,1376,16 (5) Venture capital fund requirements. The investment manager shall contract with each venture capital fund that receives moneys through the fund of funds program. Each contract shall require the venture capital fund to do all of the following:

AB43,1376,19 (a) Make new investments in an amount equal to the amount of moneys it receives through the program in one or more businesses who are headquartered in this state and whose operations are primarily in this state.

AB43,1377,2 (b) At least match any moneys it receives through the program and invests in a business described in par. (a) with an investment in that business of moneys the venture capital fund has raised from sources other than the program. The investment manager shall ensure that, on average, for every $1 a venture capital fund receives through the program and invests in a business described in par. (a), the venture capital fund invests $2 in that business from sources other than the program.

AB43,1377,4 (c) Provide to the investment manager the information necessary for the investment manager to complete the reports under sub. (6) (a) and (c).

AB43,1377,8 (6) Reports of the investment manager; public disclosures. (a) Annually, no later than 120 days after the end of the investment manager's fiscal year, the investment manager shall submit to the corporation a report for that fiscal year that includes all of the following:

AB43,1377,10 1. An audit of the investment manager's financial statements performed by an independent certified public accountant.

AB43,1377,12 2. The investment manager's internal rate of return from investments made through the fund of funds program.

AB43,1377,14 3. For each venture capital fund that contracts with the investment manager under sub. (5), all of the following:

AB43,1377,15 a. The name and address of the venture capital fund.

AB43,1377,17 b. The amounts invested in the venture capital fund through the fund of funds program.

AB43,1377,19 c. An accounting of any fee the venture capital fund paid to itself or any principal or manager of the venture capital fund.

AB43,1377,21 d. The venture capital fund's average internal rate of return on its investments of the moneys it received through the fund of funds program.

AB43,1377,23 4. For each business in which a venture capital fund held an investment of moneys received through the fund of funds program, all of the following:

AB43,1377,24 a. The name and address of the business.

AB43,1377,25 b. A description of the nature of the business.

AB43,1378,1 c. An identification of the venture capital fund.

AB43,1378,3 d. The amount of the investment and the amount invested by the venture capital fund from funding sources other than the program.

AB43,1378,5 e. The internal rate of return realized by the venture capital fund upon the venture capital fund's exit from the investment in the business.

AB43,1378,9 f. A statement of the number of employees the business employed when the venture capital fund first invested moneys received through the program and the number of employees the business employed on the first day and last day of the investment manager's fiscal year.

AB43,1378,12 (b) No later than 10 days after it receives the investment manager's report under par. (a), the corporation shall submit the report to the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2).

AB43,1378,14 (c) Quarterly, the investment manager shall submit to the oversight board a report for the preceding quarter that includes all of the following:

AB43,1378,16 1. An identification of each venture capital fund under contract with the investment manager under sub. (5).

AB43,1378,19 2. An identification of each business in which a venture capital fund held an investment of moneys received through the fund of funds program and a statement of the amount of the investment in each business.

AB43,1378,23 3. A statement of the number of employees the business employed when the venture capital fund first invested moneys received through the fund of funds program and the number of employees the business employed on the last day of the quarter.

AB43,1378,25 (d) The oversight board shall make the reports under par. (c) readily accessible to the public on the corporation's Internet site.

AB43,1379,2 (7) Policies and procedures. The corporation shall establish policies and procedures to administer this section.

AB43,2567 Section 2567 . 238.30 (2m) (a) of the statutes is amended to read:

AB43,1379,10 238.30 (2m) (a) Except as provided in par. (b) and s. 238.308 (1) (b), “full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay that is equal to at least 150 percent of the federal minimum wage and benefits that are not required by federal or state law. “Full-time job" does not include initial training before an employment position begins.

AB43,2568 Section 2568 . 238.308 (1) of the statutes is renumbered 238.308 (1) (intro.) and amended to read:

AB43,1379,13 238.308 (1) Definition Definitions. (intro.) In this section,:

AB43,1379,15 (a) “eligible Eligible employee" means a person employed in a full-time job by a person certified under sub. (2).

AB43,2569 Section 2569 . 238.308 (1) (b) of the statutes is created to read:

AB43,1379,18 238.308 (1) (b) 1. Except as provided in subd. 2., “full-time job” has the meaning given in s. 238.30 (2m).

AB43,1379,23 2. For contracts executed by the corporation under this section after December 31, 2023, “full-time job” means a regular, nonseasonal full-time position for which an individual receives pay that is equal to at least $32,000 and benefits that are not required by federal or state law. “Full-time job" does not include initial training before an employment position begins.

AB43,2570 Section 2570 . 238.308 (4) (a) 1. of the statutes is amended to read:

AB43,1380,13 238.308 (4) (a) 1. An amount equal to up to 10 percent of the amount of wages that the person paid to an eligible employee in the taxable year. For contracts executed by the corporation after December 31, 2023, the amount of wages taken into account under this subdivision may not exceed $141,300 per eligible employee per year. Beginning on January 1, 2025, the dollar amount under this subdivision shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year, as determined by the federal department of labor. Each amount that is revised under this subdivision shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10.

AB43,2571 Section 2571. 238.308 (4) (a) 3. of the statutes is amended to read:

AB43,1380,22 238.308 (4) (a) 3. An amount equal to up to 50 percent of the person's training costs incurred to undertake activities to enhance an eligible employee's general knowledge, employability, and flexibility in the workplace; to develop skills unique to the person's workplace or equipment; or to develop skills that will increase the quality of the person's product upgrade or improve the job-related skills of an eligible employee, train an eligible employee on the use of job-related new technologies, or provide job-related training to an eligible employee whose employment with the person represents the employee's first full-time job.

AB43,2572 Section 2572. 238.308 (4) (a) 5. of the statutes is amended to read:

AB43,1381,4 238.308 (4) (a) 5. An amount, as determined by the corporation, equal to a percentage of the amount of wages that the person paid to an eligible employee in the taxable year, if the position in which the eligible employee was employed was created or retained in connection with the person's location or retention of the person's corporate headquarters in Wisconsin and the job duties associated with the eligible employee's position involve the performance of corporate headquarters functions.

AB43,2573 Section 2573. 238.308 (4) (a) 6. of the statutes is created to read:

AB43,1381,10 238.308 (4) (a) 6. An amount equal to up to 25 percent of the person's energy efficiency or renewable energy project expenditures on real or personal property located in this state. When making an award under this subdivision, the corporation shall ensure that the percentage of expenditures taken into account positively correlates to the scale of the project.

AB43,2574 Section 2574. 238.399 (1) (am) 2. of the statutes is repealed and recreated to read:

AB43,1381,17 238.399 (1) (am) 2. For contracts executed by the corporation under this section after December 31, 2023, the individual is employed in a regular, nonseasonal full-time position for which the individual receives annual pay that is more than $32,000 in a tier I county or municipality or more than 42,390 in a tier II county or municipality and benefits that are not required by federal or state law.

AB43,2575 Section 2575. 238.399 (3) (a) of the statutes is amended to read:

AB43,1381,20 238.399 (3) (a) The corporation may designate any number of not more than 30 enterprise zones in this state.

AB43,2576 Section 2576. 238.399 (3) (am) of the statutes is repealed.

AB43,2577 Section 2577. 238.399 (3) (em) of the statutes is created to read:

AB43,1382,3 238.399 (3) (em) If the corporation revokes all certifications for tax benefits within a designated enterprise zone or all certifications for tax benefits within a designated enterprise zone expire, the corporation may cancel the designation of that enterprise zone. After canceling the designation of an enterprise zone, the corporation may designate a new enterprise zone subject to the limits under this subsection.

AB43,2578 Section 2578 . 238.399 (6) (h) of the statutes is created to read:

AB43,1382,13 238.399 (6) (h) Beginning on January 1, 2025, the dollar amount in sub. (1) (am) 2. shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year, as determined by the federal department of labor. Each amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10.

AB43,2579 Section 2579 . 250.04 (3) (a) of the statutes is amended to read:

AB43,1382,18 250.04 (3) (a) The department shall establish and maintain surveillance activities sufficient to detect any occurrence of acute, communicable , or chronic diseases and threat of occupational or environmental hazards, injuries , or changes in the health of mothers parents and children.

AB43,2580 Section 2580. 250.15 (2) (d) of the statutes is amended to read:

AB43,1382,20 250.15 (2) (d) To free and charitable clinics, $1,500,000 $2,000,000.

AB43,2581 Section 2581 . 250.22 of the statutes is created to read:

AB43,1382,25 250.22 Payments to counties. The department shall promulgate rules to establish grants to counties to support mental health and substance use disorder services. The department shall fund all grants established under this section from the appropriation under s. 20.435 (5) (q).

AB43,2582 Section 2582. 251.01 (1c) of the statutes is repealed and recreated to read:

AB43,1383,3 251.01 (1c) “Advanced practice registered nurse” means an individual licensed under s. 441.09.

AB43,2583 Section 2583 . 252.01 (1c) of the statutes is repealed.

AB43,2584 Section 2584. 252.02 (8) of the statutes is created to read:

AB43,1383,7 252.02 (8) The department may establish and maintain a state stockpile of personal protective equipment.

AB43,2585 Section 2585 . 252.07 (8) (a) 2. of the statutes is amended to read:

AB43,1383,12 252.07 (8) (a) 2. The department or local health officer provides to the court a written statement from a physician, physician assistant, or advanced practice registered nurse prescriber that the individual has infectious tuberculosis or suspect tuberculosis.

AB43,2586 Section 2586 . 252.07 (9) (c) of the statutes is amended to read:

AB43,1383,20 252.07 (9) (c) If the court orders confinement of an individual under this subsection, the individual shall remain confined until the department or local health officer, with the concurrence of a treating physician, physician assistant, or advanced practice registered nurse prescriber, determines that treatment is complete or that the individual is no longer a substantial threat to himself or herself or to the public health. If the individual is to be confined for more than 6 months, the court shall review the confinement every 6 months.

AB43,2587 Section 2587 . 252.10 (7) of the statutes is amended to read:

AB43,1384,2 252.10 (7) Drugs necessary for the treatment of mycobacterium tuberculosis shall be purchased by the department from the appropriation account under s. 20.435 (1) (e) and dispensed to patients through the public health dispensaries, local health departments, physicians, or advanced practice nurse prescribers registered nurses who may issue prescription orders under s. 441.09 (2).

AB43,2588 Section 2588 . 252.11 (2), (4), (5) and (7) of the statutes are amended to read:

AB43,1384,14 252.11 (2) An officer of the department or a local health officer having knowledge of any reported or reasonably suspected case or contact of a sexually transmitted disease for which no appropriate treatment is being administered, or of an actual contact of a reported case or potential contact of a reasonably suspected case, shall investigate or cause the case or contact to be investigated as necessary. If, following a request of an officer of the department or a local health officer, a person reasonably suspected of being infected with a sexually transmitted disease refuses or neglects examination by a physician, physician assistant, or advanced practice registered nurse prescriber or treatment, an officer of the department or a local health officer may proceed to have the person committed under sub. (5) to an institution or system of care for examination, treatment, or observation.

AB43,1384,21 (4) If a person infected with a sexually transmitted disease ceases or refuses treatment before reaching what in a physician's, physician assistant's, or advanced practice nurse prescriber's registered nurse's opinion is the noncommunicable stage, the physician, physician assistant, or advanced practice registered nurse prescriber shall notify the department. The department shall without delay take the necessary steps to have the person committed for treatment or observation under sub. (5), or shall notify the local health officer to take these steps.

AB43,1385,13 (5) Any court of record may commit a person infected with a sexually transmitted disease to any institution or may require the person to undergo a system of care for examination, treatment, or observation if the person ceases or refuses examination, treatment, or observation under the supervision of a physician, physician assistant, or advanced practice registered nurse prescriber. The court shall summon the person to appear on a date at least 48 hours, but not more than 96 hours, after service if an officer of the department or a local health officer petitions the court and states the facts authorizing commitment. If the person fails to appear or fails to accept commitment without reasonable cause, the court may cite the person for contempt. The court may issue a warrant and may direct the sheriff, any constable, or any police officer of the county immediately to arrest the person and bring the person to court if the court finds that a summons will be ineffectual. The court shall hear the matter of commitment summarily. Commitment under this subsection continues until the disease is no longer communicable or until other provisions are made for treatment that satisfy the department. The certificate of the petitioning officer is prima facie evidence that the disease is no longer communicable or that satisfactory provisions for treatment have been made.

AB43,1385,23 (7) Reports, examinations and inspections, and all records concerning sexually transmitted diseases are confidential and not open to public inspection, and may not be divulged except as may be necessary for the preservation of the public health, in the course of commitment proceedings under sub. (5), or as provided under s. 938.296 (4) or 968.38 (4). If a physician, physician assistant, or advanced practice registered nurse prescriber has reported a case of sexually transmitted disease to the department under sub. (4), information regarding the presence of the disease and treatment is not privileged when the patient, physician, physician assistant, or advanced practice registered nurse prescriber is called upon to testify to the facts before any court of record.

AB43,2589 Section 2589 . 252.11 (10) of the statutes is amended to read:

AB43,1386,9 252.11 (10) The state laboratory of hygiene shall examine specimens for the diagnosis of sexually transmitted diseases for any physician, naturopathic doctor, physician assistant, advanced practice registered nurse prescriber, or local health officer in the state, and shall report the positive results of the examinations to the local health officer and to the department. All laboratories performing tests for sexually transmitted diseases shall report all positive results to the local health officer and to the department, with the name of the physician, naturopathic doctor, physician assistant, or advanced practice registered nurse prescriber to whom reported.

AB43,2590 Section 2590 . 252.14 (1) (ar) 3. of the statutes is amended to read:

AB43,1386,11 252.14 (1) (ar) 3. A dentist or dental therapist licensed under ch. 447.

AB43,2591 Section 2591 . 252.15 (3m) (d) 11. b. and 13., (5g) (c), (5m) (d) 2. and (e) 2. and 3. and (7m) (intro.) and (b) of the statutes are amended to read:

AB43,1386,21 252.15 (3m) (d) 11. b. The coroner, medical examiner, or appointed assistant is investigating the cause of death of the subject of the HIV test and has contact with the body fluid of the subject of the HIV test that constitutes a significant exposure, if a physician, physician assistant, or advanced practice registered nurse prescriber, based on information provided to the physician, physician assistant, or advanced practice registered nurse prescriber, determines and certifies in writing that the coroner, medical examiner, or appointed assistant has had a contact that constitutes a significant exposure and if the certification accompanies the request for disclosure.