Amendment AA1-ASA1-AB532

LRBa1435/1

CTS:nwn:md

2009 - 2010 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2009 ASSEMBLY BILL 532

January 28, 2010 - Offered by Representatives Krusick and Stone.

AB532-ASA1-AA1,1,1 At the locations indicated, amend the substitute amendment as follows:

AB532-ASA1-AA1,1,2 1. Page 6, line 5: after that line insert:

AB532-ASA1-AA1,1,6 "(2m) Rule-making. (a) The department shall promulgate rules to establish the required elements of a loan application under sub. (2) (f) and the required contents of the interim report under sub. (3) (a) and the comprehensive evaluation under sub. (3) (b).

AB532-ASA1-AA1,1,8 (b) The rules shall require a loan application under sub. (2) (f) to include at least all of the following:

AB532-ASA1-AA1,1,9 1. A brief description of the borrower's type of business.

AB532-ASA1-AA1,1,10 2. The primary purpose for which the loan will be used.

AB532-ASA1-AA1,1,11 3. The number of the borrower's full-time and part-time employees.

AB532-ASA1-AA1,2,3 4. The number of full-time and part-time jobs the borrower expects will be created, retained, or substantially upgraded as a result of the activity financed by the loan.

AB532-ASA1-AA1,2,4 5. The borrower's current annual sales.

AB532-ASA1-AA1,2,6 6. The percentage of the business that is owned by individuals who belong to a racial or ethnic minority.

AB532-ASA1-AA1,2,7 7. The percentage of the business that is owned by women.

AB532-ASA1-AA1,2,9 8. The number of the borrower's employees who belong to a racial or ethnic minority.

AB532-ASA1-AA1,2,10 9. The number of the borrower's employees who are women.

AB532-ASA1-AA1,2,13 (c) The rules shall require that a comprehensive evaluation under sub. (3) (b) include an aggregation of the information provided in a borrower's applications under sub. (2) (f).".

AB532-ASA1-AA1,2,14 2. Page 6, line 10: delete "June 30, 2013" and substitute "December 31, 2012".

AB532-ASA1-AA1,2,15 (End)