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LRBa1295/1
MPG:cdc
2019 - 2020 LEGISLATURE
ASSEMBLY AMENDMENT 2,
TO ASSEMBLY BILL 895
February 20, 2020 - Offered by Representative Krug.
AB895-AA2,1,11 At the locations indicated, amend the bill as follows:
AB895-AA2,1,3 21. Page 1, line 3: after “facilities," insert “a grant to the Incourage Community
3Foundation for the construction of an economic development and community hub,".
AB895-AA2,1,4 42. Page 3, line 2: after that line insert:
AB895-AA2,1,6 5 Section 1g. 13.48 (20m) (c) of the statutes, as created by 2019 Wisconsin Act
69
, is amended to read:
AB895-AA2,1,97 13.48 (20m) (c) The building commission may authorize up to $25,000,000 in
8general fund supported borrowing under par. (b), including up to $3,000,000 for the
9project described in par. (d)
.
AB895-AA2,1h 10Section 1h. 13.48 (20m) (d) of the statutes is created to read:
AB895-AA2,2,511 13.48 (20m) (d) 1. The legislature finds and determines that supporting
12entrepreneurs and innovators, providing facilities for job training, and promoting
13dynamic community revitalization and development are of vital importance in

1creating jobs and contributing to economic development and tourism in this state
2and are statewide responsibilities of statewide dimension. It is therefore in the
3public interest, and it is the public policy of this state, to assist the Incourage
4Community Foundation, Inc., in redeveloping the former Daily Tribune building in
5the city of Wisconsin Rapids into an economic and community hub.
AB895-AA2,2,136 2. The building commission may under this subsection assist the Incourage
7Community Foundation, Inc., in redeveloping the former Daily Tribune building in
8the city of Wisconsin Rapids into an economic and community hub. The state funding
9commitment shall be in the form of a grant to the Incourage Community Foundation,
10Inc. Before approving any state funding commitment for redeveloping the former
11Daily Tribune building, the building commission shall determine that the Incourage
12Community Foundation, Inc., has secured additional funding for the project from
13nonstate revenue sources at least equal to the state's grant.
AB895-AA2,2,1814 3. If the building commission authorizes a grant to the Incourage Community
15Foundation, Inc., under subd. 2., and if, for any reason, the facility that is
16redeveloped with funds from the grant is not used for an economic and community
17hub, the state shall retain an ownership interest in the facility equal to the amount
18of the state's grant.”.
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