LRBa1618/1
TKK:kjf:md
2009 - 2010 LEGISLATURE
ASSEMBLY AMENDMENT 3,
TO 2009 SENATE BILL 409
April 7, 2010 - Offered by Representative Molepske Jr..
SB409-AA3,1,21 At the locations indicated, amend the bill, as shown by senate substitute
2amendment 1, as follows:
SB409-AA3,1,3 31. Page 2, line 9: before that line insert:
SB409-AA3,1,4 4" Section 1g. 15.155 (2) (c) of the statutes is created to read:
SB409-AA3,1,55 15.155 (2) (c) The board shall do all of the following:
SB409-AA3,1,76 1. Consult with the department of commerce on strategic economic policy for
7the state.
SB409-AA3,1,88 2. Suggest legislation to achieve strategic economic policy objectives.".
SB409-AA3,1,9 92. Page 2, line 9: delete " Section 1" and substitute "Section 1r".
SB409-AA3,1,10 103. Page 23, line 7: after that line insert:
SB409-AA3,1,12 11" Section 43b. 560.30 (1) of the statutes, as created by 2009 Wisconsin Act 28,
12is repealed.
SB409-AA3, s. 43c
1Section 43c. 560.301 (intro.) of the statutes, as created by 2009 Wisconsin Act
228
, is amended to read:
SB409-AA3,2,7 3560.301 Rules, policies, and standards for awarding grants and
4making loans.
(intro.) The department, in consultation with the board, shall
5promulgate rules that establish procedures, policies, and standards for
6implementing this subchapter and awarding grants and making loans under this
7subchapter. The rules shall include all of the following:
SB409-AA3, s. 43e 8Section 43e. 560.304 of the statutes, as created by 2009 Wisconsin Act 28, is
9amended to read:
SB409-AA3,2,13 10560.304 Forward innovation fund. The department may award a grant or
11make a loan to an eligible recipient from the appropriations under s. 20.143 (1) (fi),
12(gm), and (io). The department shall consult with the board prior to awarding a grant
13or making a loan under this section.
SB409-AA3, s. 43g 14Section 43g. 560.305 (1) (intro.) of the statutes, as created by 2009 Wisconsin
15Act 28
, is amended to read:
SB409-AA3,2,2016 560.305 (1) (intro.) The department, in cooperation with the board, shall
17encourage small businesses to apply for grants and loans under this subchapter by
18ensuring that there are no undue impediments to their participation and by actively
19encouraging small businesses to apply for grants and loans. The department shall
20do all of the following:
SB409-AA3, s. 43h 21Section 43h. 560.305 (3) of the statutes, as created by 2009 Wisconsin Act 28,
22is amended to read:
SB409-AA3,3,323 560.305 (3) The board department shall develop a policy relating to obtaining
24reimbursement of grants and loans provided under this subchapter. The policy may
25provide that reimbursement shall be obtained through full repayment of the

1principal amount of the grant or loan plus interest, through receipt of a share of
2future profits from or an interest in a product or process, or through any other
3appropriate means.
SB409-AA3, s. 43i 4Section 43i. 560.305 (4) of the statutes, as created by 2009 Wisconsin Act 28,
5is amended to read:
SB409-AA3,3,86 560.305 (4) The board department shall require, as a condition of a grant or
7loan, that a recipient contribute to a project an amount that is not less than 25
8percent of the amount of the grant or loan.
SB409-AA3, s. 43k 9Section 43k. 560.60 (1s) of the statutes, as affected by 2009 Wisconsin Act 28,
10is repealed.
SB409-AA3, s. 43L 11Section 43L. 560.602 (intro.) of the statutes is amended to read:
SB409-AA3,3,15 12560.602 Policies and standards for awarding grants and loans. (intro.)
13The department, with the approval of the board, shall promulgate rules to establish
14policies and standards for awarding grants and loans under this subchapter. The
15rules shall include all of the following:
SB409-AA3, s. 43n 16Section 43n. 560.605 (1) (intro.) of the statutes is amended to read:
SB409-AA3,3,1917 560.605 (1) (intro.) Upon receipt of an application by an eligible recipient, the
18board department may consider any of the following in determining whether to
19award a grant or loan under s. 560.61:
SB409-AA3, s. 43o 20Section 43o. 560.605 (2m) (intro.) of the statutes is amended to read:
SB409-AA3,3,2221 560.605 (2m) (intro.) When considering whether a project will be located in a
22targeted area, the board department may consider any of the following:
SB409-AA3, s. 43p 23Section 43p. 560.605 (2m) (h) of the statutes is amended to read:
SB409-AA3,3,2524 560.605 (2m) (h) Any other factor the board department considers to be an
25appropriate indicator of a targeted area.
SB409-AA3, s. 43q
1Section 43q. 560.605 (7) (intro.) of the statutes is amended to read:
SB409-AA3,4,52 560.605 (7) (intro.) The board department shall award not less than 35 percent
3of the total amount of grants and loans made under this subchapter to businesses in
4distressed areas. In this paragraph, "distressed area" means an area to which any
5of the following apply:
SB409-AA3, s. 43r 6Section 43r. 560.605 (7) (f) of the statutes is amended to read:
SB409-AA3,4,87 560.605 (7) (f) As determined by the board department, the area is affected by
8another factor that indicates the area is a distressed area.
SB409-AA3, s. 43s 9Section 43s. 560.61 of the statutes is amended to read:
SB409-AA3,4,12 10560.61 Wisconsin development fund. At the request of the board, the The
11department may make a grant or loan to an eligible recipient from the appropriations
12under s. 20.143 (1) (c) and (ie).
SB409-AA3, s. 43t 13Section 43t. 560.68 (2) of the statutes is amended to read:
SB409-AA3,4,1714 560.68 (2) The department, in cooperation with the board, shall actively
15encourage small businesses to apply for grants and loans under this subchapter by
16ensuring that there are no undue impediments to their participation and by assisting
17small businesses in preparing grant and loan applications.
SB409-AA3, s. 43u 18Section 43u. 560.68 (4) of the statutes is amended to read:
SB409-AA3,4,2419 560.68 (4) The board department shall develop a policy relating to obtaining
20reimbursement of grants and loans provided under this subchapter. The policy may
21provide that reimbursement shall be obtained through full repayment of the
22principal amount of the grant or loan plus interest, through receipt of a share of
23future profits from or an interest in a product or process, or through any other
24appropriate means.
SB409-AA3, s. 43v 25Section 43v. 560.68 (5) (intro.) of the statutes is amended to read:
SB409-AA3,5,2
1560.68 (5) (intro.) The department, with the approval of the board, shall
2develop procedures related to grants and loans under s. 560.61 for all of the following:
SB409-AA3, s. 43w 3Section 43w. 560.68 (5m) of the statutes is amended to read:
SB409-AA3,5,84 560.68 (5m) The department, with the approval of the board, shall establish
5and implement procedures for monitoring the use of grants and loans awarded under
6this subchapter, including procedures for verification of economic growth, job
7creation and the number and percentage of newly created jobs for which state
8residents are hired.
SB409-AA3, s. 43x 9Section 43x. 560.68 (6) of the statutes is amended to read:
SB409-AA3,5,1210 560.68 (6) The board department shall require, as a condition of a grant or loan,
11that a recipient contribute to a project an amount that is not less than 25% of the
12amount of the grant or loan.
SB409-AA3, s. 43y 13Section 43y. 560.68 (7) (intro.) of the statutes is amended to read:
SB409-AA3,5,1814 560.68 (7) (intro.) The department, in cooperation with the board, shall
15encourage small businesses to apply for grants and loans under this subchapter by
16ensuring that there are no undue impediments to their participation and by actively
17encouraging small businesses to apply for grants and loans. The department shall
18do all of the following:
Loading...
Loading...