Amendment AA2-AB1038

AB1038-AA2,6,3 1. “Emergency period” means the period beginning on the date the governor declared the public health emergency and ending 60 days after the public health emergency terminates.

AB1038-AA2,6,5 2. “Public health emergency” means the public health emergency declared on March 12, 2020, by executive order 72.

AB1038-AA2,6,8 (b) The requirement under s. 118.19 (14) (a) does not apply to an application for an initial teaching license that is received by the department of public instruction during the emergency period.”.

AB1038-AA2,6,9 10. Page 86, line 23: after that line insert:

AB1038-AA2,6,10 “(28m) Emergency assistance to small businesses.

AB1038-AA2,6,11 (a) Definitions. In this subsection:

AB1038-AA2,6,12 1. “Corporation” means the Wisconsin Economic Development Corporation.

AB1038-AA2,6,15 2. “COVID-19 public health emergency” means the public health emergency declared on March 12, 2020, by executive order 72, including any extension under s. 323.10.

AB1038-AA2,6,16 (b) Grants to regional economic development organizations.

AB1038-AA2,6,18 1. From the appropriation under s. 20.192 (1) (a), the corporation shall award grants to regional economic development organizations under this paragraph.

AB1038-AA2,6,21 2. Each regional economic development organization receiving a grant under subd. 1. shall use all grant moneys to award grants to small businesses in this state that satisfy all of the following:

AB1038-AA2,6,23 a. The business ceased operations as a result of the COVID-19 public health emergency.

AB1038-AA2,6,24 b. The business regularly employs 50 or fewer employees.

AB1038-AA2,7,2 c. The business demonstrates a need for cash flow to pay its payroll, rent, utilities, or other expenses.

AB1038-AA2,7,4 d. The business demonstrates a loss of income as a result of the COVID-19 public health emergency.

AB1038-AA2,7,6 3. No business may receive more than a total of $10,000 in grants under this paragraph.

AB1038-AA2,7,7 (c) Low-interest loans to small businesses.

AB1038-AA2,7,9 1. From the appropriation under s. 20.192 (1) (a), the corporation shall award low-interest loans to small businesses in this state that satisfy all of the following:

AB1038-AA2,7,11 a. The business ceased operations as a result of the COVID-19 public health emergency.

AB1038-AA2,7,12 b. The business regularly employs 100 or fewer employees.

AB1038-AA2,7,14 c. The business demonstrates a need for cash flow to pay its payroll, rent, utilities, or other expenses.

AB1038-AA2,7,16 d. The business demonstrates a loss of income as a result of the COVID-19 public health emergency.

AB1038-AA2,7,18 2. No business may receive more than a total of $200,000 in loans under this paragraph.

AB1038-AA2,7,21 3. Notwithstanding s. 238.124 (1), each loan under this paragraph shall be forgivable beginning 2 years after loan origination if the borrower satisfies employee retention requirements established by the corporation.

AB1038-AA2,8,2 (d) Appropriation increase. Notwithstanding s. 20.192 (1) (a), each dollar amount shown in that appropriation is increased by $30,000,000 in fiscal year 2019-20 to provide assistance to small businesses under this subsection, and the corporation may expend $30,000,000 from that appropriation for purposes of this subsection notwithstanding the unencumbered balance in the appropriation account under s. 20.192 (1) (r).”.

AB1038-AA2,8,3 11. Page 86, line 23: after that line insert:

AB1038-AA2,8,4 “ Section 105m. Fiscal changes.

AB1038-AA2,8,9 (1) Tourism marketing. In the schedule under s. 20.005 (3) for the appropriation to the department of tourism under s. 20.380 (1) (b), the dollar amount for fiscal year 2020-21 is increased by $5,000,000 to be used for the regional destination marketing organization grant program under s. 41.11 (6) and the joint effort marketing program under s. 41.17.

AB1038-AA2,8,14 (2) UW System; general program operations. In the schedule under s. 20.005 (3) for the appropriation to the Board of Regents of the University of Wisconsin System under s. 20.285 (1) (a), the dollar amount for fiscal year 2019-20 is increased by $59,000,000 to increase funding for the purpose for which the appropriation is made.”.

AB1038-AA2,8,15 (End)