SB409,7,17 20.143 (1) (io) Grant and loan repayments; forward innovation fund. All moneys received in repayment of grants or loans under subch. II of ch. 560, grants or loans under s. 560.82 (1m) (b) and (c), 2007 stats., and loans under 1997 Wisconsin Act 9, section 3, to be used for grants and loans under s. 560.276 and under subch. II of ch. 560.

SB409, s. 9 Section 9. 20.143 (1) (ir) of the statutes, as affected by 2009 Wisconsin Act 28, is amended to read:

SB409,7,23 20.143 (1) (ir) Rural economic development loan repayments. All moneys received in repayment of loans under s. 560.17, to be used for grants and loans under ss. 560.17 and 560.45, for grants under 2009 Wisconsin Act .... (this act), section 36 (1), and for the study under 2009 Wisconsin Act 28, section 9110 (15u).

SB409, s. 10 Section 10. 20.143 (1) (kj) of the statutes, as affected by 2009 Wisconsin Act 28, is amended to read:

SB409,8,9 20.143 (1) (kj) Gaming economic development and diversification; grants and loans. Biennially, the amounts in the schedule for grants and loans under s. ss. 560.138 and 560.276, for the grants under s. 560.139 (1) (a), and for the grants under 2001 Wisconsin Act 16, section 9110 (2k), (11pk), and (11zx), and 2009 Wisconsin Act 28, section 9110 (16i). All moneys transferred from the appropriation account under s. 20.505 (8) (hm) 6j. shall be credited to this appropriation account. Notwithstanding s. 20.001 (3) (b), the unencumbered balance on June 30 of each odd-numbered year shall revert to the appropriation account under s. 20.505 (8) (hm).

SB409, s. 11 Section 11. 20.285 (1) (cd) of the statutes is created to read:

SB409,8,13 20.285 (1) (cd) WiSys Technology Foundation grants. A sum sufficient not to exceed $2,000,000 for grants to the WiSys Technology Foundation, Inc., under s. 36.25 (52) (b).

SB409, s. 12 Section 12. 20.285 (1) (eb) of the statutes is created to read:

SB409,8,16 20.285 (1) (eb) Business plan competition. The amounts in the schedule to support a business plan competition program under s. 36.25 (53).

SB409, s. 13 Section 13. 20.285 (1) (eg) of the statutes is created to read:

SB409,8,20 20.285 (1) (eg) Emerging technology center. Biennially, the amounts in the schedule to develop a business plan for an emerging technology center under s. 36.25 (54).

SB409, s. 14 Section 14. 20.285 (1) (eg) of the statutes, as created by 2009 Wisconsin Act .... (this act), is repealed.

SB409, s. 15 Section 15. 36.25 (52) of the statutes is created to read:

SB409,8,25 36.25 (52) WiSys Technology Foundation grants. (a) In this subsection, "foundation" means the WiSys Technology Foundation, Inc.

SB409,9,8 (b) From the appropriation under s. 20.285 (1) (cd), the board shall award grants to the foundation for the Wisconsin Small Company Advancement program to provide intellectual property management services to the extension and all institutions and college campuses other than the University of Wisconsin-Madison and the University of Wisconsin-Milwaukee. The amount of each grant shall be $250,000. The board may not award a grant unless the foundation shows to the satisfaction of the board that the foundation has secured matching funds for the program from sources other than the state that are equal to the amount of the grant.

SB409,9,11 (c) The board shall submit progress reports to the legislature, in the manner provided under s. 13.172 (2), at least annually until the program funded by the grants under par. (b) is terminated.

SB409, s. 16 Section 16. 36.25 (53) of the statutes is created to read:

SB409,9,20 36.25 (53) Business plan competition. The board shall use the moneys appropriated under s. 20.285 (1) (eb) to support a business plan competition program existing on the effective date of this subsection .... [LRB inserts date], at institutions and college campuses other than the University of Wisconsin-Madison that makes entrepreneurial expertise available to students and that has ties to campus-based business plan contests and national organizations that foster student entrepreneurism. The board may use the moneys only if the board receives matching funds for the same purpose from private contributions.

SB409, s. 17 Section 17. 36.25 (54) of the statutes is created to read:

SB409,9,25 36.25 (54) Emerging technology center. The board shall use the moneys appropriated under s. 20.285 (1) (eg) to develop an emerging technology center at the University of Wisconsin-La Crosse. The board may use the moneys only if the board receives matching funds for the same purpose from private contributions.

SB409, s. 18 Section 18. 36.25 (54) of the statutes, as created by 2009 Wisconsin Act .... (this act), is repealed.

SB409, s. 19 Section 19. 38.41 (3) (d) of the statutes, as created by 2009 Wisconsin Act 2, is amended to read:

SB409,10,8 38.41 (3) (d) Beginning in the 2008-09 school year, the board shall award at least $1,000,000 annually under sub. (1) for training in advanced manufacturing skills, with priority given to welding and beginning in the 2010-11 school year, the board shall award at least $1,500,000 annually under sub. (1) for such training.

SB409, s. 20 Section 20. 71.05 (6) (a) 15. of the statutes, as affected by 2009 Wisconsin Act 28, is amended to read:

SB409,10,16 71.05 (6) (a) 15. The amount of the credits computed under s. 71.07 (2dd), (2de), (2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3n), (3p), (3q), (3r), (3s), (3t), (3w), (5e), (5f), (5h), (5i), (5j), (5k), (5r), and (8r) and not passed through by a partnership, limited liability company, or tax-option corporation that has added that amount to the partnership's, company's, or tax-option corporation's income under s. 71.21 (4) or 71.34 (1k) (g).

SB409, s. 21 Section 21. 71.07 (5r) of the statutes is created to read:

SB409,10,19 71.07 (5r) Postsecondary education credit. (a) Definitions. In this subsection:

SB409,10,22 1. "Claimant" means a sole proprietor, a partner, a member of a limited liability company, or a shareholder of a tax-option corporation who files a claim under this subsection.

SB409,10,23 2. "Course of instruction" has the meaning given in s. 38.50 (1) (c).