560.37(3m)(b) (b) A certified capital company wishing to decertify itself under this subsection shall send a notice to the department certifying that it is eligible for decertification under par. (a). The decertification is effective on the date that the notice under this paragraph is received by the department.
560.37(4) (4)Effect of decertification. Decertification of a certified capital company or an investment pool has the effects specified in s. 76.635 (4).
560.37(5) (5)Notices to certified investors. The department shall notify a certified investor when the certified capital company tax credit arising from a certified investment is no longer subject to recapture and forfeiture under s. 76.635 (4).
560.37 History History: 1997 a. 215.
560.38 560.38 Department evaluation of program. Beginning on March 31, 2000, and on March 31 of each even-numbered year thereafter, the department shall submit a report to the legislature under s. 13.172 (2) regarding the program under this subchapter. The report shall include all of the following:
560.38(1) (1) The total amount of certified capital investments made during the previous 2 calendar years, as well as the total amount of certified capital investments made since July 1, 1999.
560.38(2) (2) Statistical information on the qualified investments made by certified capital companies during the previous 2 calendar years.
560.38(3) (3) The department's assessment of the number of jobs created in this state during the previous 2 calendar years as a result of the certified capital company program under this subchapter.
560.38 History History: 1997 a. 215.
subch. III of ch. 560 SUBCHAPTER III
BUSINESS DEVELOPMENT ASSISTANCE CENTER
560.41 560.41 Definitions. In this subchapter:
560.41(1) (1) "Brownfields" means abandoned, idle or underused industrial or commercial facilities or sites, the expansion or redevelopment of which is adversely affected by actual or perceived environmental contamination.
560.41(1m) (1m) "Center" means the business development assistance center in the department.
560.41(2) (2) "Permit" means any approval of a regulatory agency required as a condition of operating a business in this state.
560.41(3) (3) "Regulatory agency" means any state agency responsible for granting a permit.
560.41 History History: 1983 a. 91; 1995 a. 27; 1997 a. 27.
560.42 560.42 Responsibilities related to permits.
560.42(1) (1)Permit expediting.
560.42(1)(a)(a) The center shall expedite the process of applying for permits, of reviewing and making determinations on permit applications and of issuing permits as follows:
560.42(1)(a)1. 1. The center shall discharge its responsibilities under sub. (2) in a manner designed to expedite the process.
560.42(1)(a)2. 2. Upon request by a person applying for a permit and to the extent possible, the center shall resolve misunderstandings between the person and the appropriate regulatory agency and shall prevent or mitigate delays in the process.
560.42(1)(a)3. 3. If the center determines that it is unable to resolve misunderstandings or prevent or mitigate delays under subd. 2., the center shall request the assistance of the secretary and the head of the appropriate regulatory agency.
560.42(1)(a)4. 4. If the center determines that the secretary and head of the appropriate regulatory agency are unable to resolve misunderstandings or prevent or mitigate delays under subd. 3., the center shall request the assistance of the governor.
560.42(1)(b) (b) The center shall give priority to businesses new to this state and to businesses expanding within this state in providing assistance under par. (a).
560.42(1)(c) (c) The center shall maintain records identifying each person requesting assistance under par. (a) and setting forth assistance rendered and results achieved.
560.42(2) (2)Permit information.
560.42(2)(a)(a) The center shall assist any person requesting information on which permits are required for a particular business activity or on the application process, including criteria applied in making a determination on a permit application and the time period within which a determination will be made. This assistance may include any of the following:
560.42(2)(a)1. 1. Arranging a meeting between the person and the staff of the appropriate regulatory agency to enable the person to obtain information from the agency.