560.82 (1m) (intro.) Subject to s. 560.84, the department The board may award a grant or loan under this section to an any of the following:

(a) Subject to s. 560.84, an eligible recipient, as defined in s. 560.80 (5) (a), to fund an early planning project.

125,97 Section 97. 560.82 (1m) (b) and (c) of the statutes are created to read:

560.82 (1m) (b) Subject to s. 560.84, an eligible recipient or local development corporation that submits application materials in a form specified by the department by rule to fund eligible development project costs.

(c) A local development corporation to make grants or loans under sub. (2g) (a) 1. or to fund a revolving fund program under sub. (2g) (a) 2.

125,98 Section 98. 560.82 (2) (intro.) of the statutes is amended to read:

560.82 (2) (intro.) The department board may not award a grant or loan under sub. (1) (1m) (a) unless the eligible recipient, as defined in s. 560.80 (5) (a), submits an application, in a form required by the department, that contains or describes all of the following:

125,99 Section 99. 560.82 (3) (intro.) of the statutes is amended to read:

560.82 (3) (intro.) An eligible recipient, as defined in s. 560.80 (5) (a), who receives a grant or loan under sub. (1) (1m) (a) or s. 560.835 (6), 2001 stats., may only use the proceeds of the grant for the following purposes:

125,100 Section 100. 560.82 (4) (intro.) of the statutes is amended to read:

560.82 (4) (intro.) In any fiscal biennium, the department The board may not do any of the following:

125,101 Section 101. 560.82 (4) (a) (intro.) of the statutes is amended to read:

560.82 (4) (a) (intro.) Award in a fiscal biennium, for grants or loans under sub. (1) (1m) (a), more than 25% of the total of all of the following:

125,102 Section 102. 560.82 (4) (a) 2. of the statutes is amended to read:

560.82 (4) (a) 2. The lesser of the funds received in a fiscal biennium in repayment of grants or loans under s. 560.83, 2005 stats., and this section or the funds appropriated for the fiscal biennium under s. 20.143 (1) (im).

125,103 Section 103. 560.82 (4) (b) of the statutes is amended to read:

560.82 (4) (b) Award, in a fiscal biennium to any one eligible recipient, as defined in s. 560.80 (5) (a), or for any one early planning project, grants or loans under sub. (1) (1m) (a) that total more than $15,000.

125,104 Section 104. 560.82 (5) (a) of the statutes is repealed.

125,105 Section 105. 560.82 (5) (b) of the statutes is renumbered 560.82 (5) and amended to read:

560.82 (5) If the department board awards a grant or loan under sub. (1) (1m) (a), the department may contract directly with and pay grant or loan proceeds directly to any person providing technical or management assistance to the grant or loan recipient.

125,106 Section 106. 560.83 (title) of the statutes is repealed.

125,107 Section 107. 560.83 (1) of the statutes is repealed.

125,108 Section 108. 560.83 (2) of the statutes is renumbered 560.82 (2g).

125,109 Section 109. 560.83 (3) of the statutes is renumbered 560.82 (2g) (c) and amended to read:

560.82 (2g) (c) The board may not award a grant or loan under sub. (1) or (2) unless the eligible recipient or the local development corporation submits an application, or other materials, in a form specified by the department by rule.

125,110 Section 110. 560.83 (4) (a) of the statutes is renumbered 560.82 (4) (c) and amended to read:

560.82 (4) (c) In Award in any fiscal biennium, the board may not award, to any one eligible recipient or local development corporation or for any one development project, grants or loans under sub. (1) (1m) (b) that total more than $100,000 in a fiscal biennium.

125,111 Section 111. 560.83 (4) (b) of the statutes is renumbered 560.82 (4) (d) and amended to read:

560.82 (4) (d) In Award, in any fiscal year, the board may not award to any one local development corporation, grants or loans under sub. (2) (1m) (c) that total more than $200,000.