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AB68-ASA2-AA6,115,14 9(3) Investments in venture capital funds. (a) The investment manager shall
10request from the corporation monies to make investments through the program
11established under sub. (2) and to pay the investment manager's management fee,
12and the corporation shall, subject to the approval of the secretary of the department
13of administration, pay the monies to the investment manager from the appropriation
14under s. 20.192 (1) (c).
AB68-ASA2-AA6,115,1615 (b) The oversight board shall establish investment policies for the program
16established under sub. (2), subject to all of the following conditions:
AB68-ASA2-AA6,115,2017 1. All moneys paid to the investment manager under par. (a) to make
18investments shall be committed for investment to venture capital funds, subject to
19the requirements of this section, no later than 60 months after the creation of the
20fund of funds under sub. (2) (a).
AB68-ASA2-AA6,115,2321 2. No more than $25,000,000 of the total moneys paid to the investment
22manager under par. (a) to make investments may be invested in any single venture
23capital fund.
AB68-ASA2-AA6,115,2524 3. At least 20 percent of the investments made through the program shall be
25directed to any combination of the following:
AB68-ASA2-AA6,116,2
1a. Businesses located in parts of this state that typically do not receive
2significant investment from venture capital funds.
AB68-ASA2-AA6,116,53 b. Businesses that are at least 51 percent owned by one or more members of a
4racial minority group and the management and daily business operations of which
5are controlled by one or more members of a racial minority group.
AB68-ASA2-AA6,116,86 c. Businesses that are at least 51 percent owned by one or more women and the
7management and daily business operations of which are controlled by one or more
8women.
AB68-ASA2-AA6,116,99 (c) No investment may be made through the program in a lobbying or law firm.
AB68-ASA2-AA6,116,14 10(4) Investment manager. The oversight board shall contract with an
11investment manager who meets the qualifications established by the corporation.
12The contract shall establish the investment manager's compensation, including any
13management fee. A management fee may not annually exceed 1 percent of the total
14assets under management in the program established under sub. (2).
AB68-ASA2-AA6,116,18 15(5) Venture capital fund requirements. The investment manager shall
16contract with each venture capital fund that receives moneys through the program
17established under sub. (2). Each contract shall require the venture capital fund to
18do all of the following:
AB68-ASA2-AA6,116,2119 (a) Make new investments in an amount equal to the amount of moneys it
20receives through the program in one or more businesses who are headquartered in
21this state and whose operations are primarily in this state.
AB68-ASA2-AA6,117,322 (b) At least match any moneys it receives through the program and invests in
23a business described in par. (a) with an investment in that business of moneys the
24venture capital fund has raised from sources other than the program. The
25investment manager shall ensure that, on average, for every $1 a venture capital

1fund receives through the program and invests in a business described in par. (a), the
2venture capital fund invests $2 in that business from sources other than the
3program.
AB68-ASA2-AA6,117,54 (c) Provide to the investment manager the information necessary for the
5investment manager to complete the reports under sub. (6) (a) and (c).
AB68-ASA2-AA6,117,9 6(6) Reports of the investment manager; public disclosures. (a) Annually, no
7later than 120 days after the end of the investment manager's fiscal year, the
8investment manager shall submit to the corporation a report for that fiscal year that
9includes all of the following:
AB68-ASA2-AA6,117,1110 1. An audit of the investment manager's financial statements performed by an
11independent certified public accountant.
AB68-ASA2-AA6,117,1312 2. The investment manager's internal rate of return from investments made
13through the program established under sub. (2).
AB68-ASA2-AA6,117,1514 3. For each venture capital fund that contracts with the investment manager
15under sub. (5), all of the following:
AB68-ASA2-AA6,117,1616 a. The name and address of the venture capital fund.
AB68-ASA2-AA6,117,1817 b. The amounts invested in the venture capital fund through the program
18established under sub. (2).
AB68-ASA2-AA6,117,2019 c. An accounting of any fee the venture capital fund paid to itself or any
20principal or manager of the venture capital fund.
AB68-ASA2-AA6,117,2221 d. The venture capital fund's average internal rate of return on its investments
22of the moneys it received through the program established under sub. (2).
AB68-ASA2-AA6,117,2423 4. For each business in which a venture capital fund held an investment of
24moneys received through the program established under sub. (2), all of the following:
AB68-ASA2-AA6,117,2525 a. The name and address of the business.
AB68-ASA2-AA6,118,1
1b. A description of the nature of the business.
AB68-ASA2-AA6,118,22 c. The identification of the venture capital fund.
AB68-ASA2-AA6,118,43 d. The amount of the investment and the amount invested by the venture
4capital fund from funding sources other than the program.
AB68-ASA2-AA6,118,65 e. The internal rate of return realized by the venture capital fund upon the
6venture capital fund's exit from the investment in the business.
AB68-ASA2-AA6,118,107 f. A statement of the number of employees the business employed when the
8venture capital fund first invested moneys received through the program and the
9number of employees the business employed on the first day and last day of the
10investment manager's fiscal year.
AB68-ASA2-AA6,118,1311 (b) No later than 10 days after it receives the investment manager's report
12under par. (a), the corporation shall submit the report to the chief clerk of each house
13of the legislature, for distribution to the legislature under s. 13.172 (2).
AB68-ASA2-AA6,118,1514 (c) Quarterly, the investment manager shall submit to the oversight board a
15report for the preceding quarter that includes all of the following:
AB68-ASA2-AA6,118,1716 1. An identification of each venture capital fund under contract with the
17investment manager under sub. (5).
AB68-ASA2-AA6,118,2018 2. An identification of each business in which a venture capital fund held an
19investment of moneys received through the program established under sub. (2) and
20a statement of the amount of the investment in each business.
AB68-ASA2-AA6,118,2421 3. A statement of the number of employees the business employed when the
22venture capital fund first invested moneys received through the program established
23under sub. (2) and the number of employees the business employed on the last day
24of the quarter.
AB68-ASA2-AA6,119,2
1(d) The oversight board shall make the reports under par. (c) readily accessible
2to the public on the corporation's Internet site.
AB68-ASA2-AA6,119,4 3(7) Policies and procedures. The corporation shall establish policies and
4procedures to administer this section.”.
AB68-ASA2-AA6,119,5 581. Page 340, line 17: after that line insert:
AB68-ASA2-AA6,119,6 6 Section 364r. 238.29 of the statutes is created to read:
AB68-ASA2-AA6,119,9 7238.29 Tribal economic development. The corporation shall establish and
8administer economic development programs to promote small business economic
9development benefitting American Indian tribes or bands in this state.”.
AB68-ASA2-AA6,119,10 1082. Page 355, line 11: after that line insert:
AB68-ASA2-AA6,119,11 11 Section 416h. 946.15 of the statutes is created to read:
AB68-ASA2-AA6,120,2 12946.15 Public construction contracts at less than full rate. (1) Any
13employer, or any agent or employee of an employer, who induces any individual who
14seeks to be or is employed pursuant to a public contract, as defined in s. 66.0901 (1)
15(c), or who seeks to be or is employed on a project on which a prevailing wage rate
16determination has been issued by the department of workforce development under
17s. 66.0903 (3), 103.49 (3), 103.50 (3), or 229.8275 (3) to give up, waive, or return any
18part of the compensation to which that individual is entitled under his or her contract
19of employment or under the prevailing wage rate determination issued by the
20department, or who reduces the hourly basic rate of pay normally paid to an
21employee for work on a project on which a prevailing wage rate determination has
22not been issued under s. 66.0903 (3), 103.49 (3), 103.50 (3), or 229.8275 (3) during a
23week in which the employee works both on a project on which a prevailing wage rate

1determination has been issued and on a project on which a prevailing wage rate
2determination has not been issued, is guilty of a Class I felony.
AB68-ASA2-AA6,120,15 3(2) Any individual employed pursuant to a public contract, as defined in s.
466.0901 (1) (c), or employed on a project on which a prevailing wage rate
5determination has been issued by the department of workforce development under
6s. 66.0903 (3), 103.49 (3), 103.50 (3), or 229.8275 (3) who gives up, waives, or returns
7to the employer or agent of the employer any part of the compensation to which the
8employee is entitled under his or her contract of employment or under the prevailing
9wage determination issued by the department, or who gives up any part of the
10compensation to which he or she is normally entitled for work on a project on which
11a prevailing wage rate determination has not been issued under s. 66.0903 (3),
12103.49 (3), 103.50 (3), or 229.8275 (3) during a week in which the individual works
13part-time on a project on which a prevailing wage rate determination has been
14issued and part-time on a project on which a prevailing wage rate determination has
15not been issued, is guilty of a Class C misdemeanor.
AB68-ASA2-AA6,120,24 16(3) Any employer or labor organization, or any agent or employee of an
17employer or labor organization, who induces any individual who seeks to be or is
18employed on a project on which a prevailing wage rate determination has been issued
19by the department of workforce development under s. 66.0903 (3), 103.49 (3), 103.50
20(3), or 229.8275 (3) to allow any part of the wages to which that individual is entitled
21under the prevailing wage rate determination issued by the department or local
22governmental unit to be deducted from the individual's pay is guilty of a Class I
23felony, unless the deduction would be allowed under 29 CFR 3.5 or 3.6 from an
24individual who is working on a project that is subject to 40 USC 3142.
AB68-ASA2-AA6,121,8
1(4) Any individual employed on a project on which a prevailing wage rate
2determination has been issued by the department of workforce development under
3s. 66.0903 (3), 103.49 (3), 103.50 (3), or 229.8275 (3) who allows any part of the wages
4to which that individual is entitled under the prevailing wage rate determination
5issued by the department or local governmental unit to be deducted from his or her
6pay is guilty of a Class C misdemeanor, unless the deduction would be allowed under
729 CFR 3.5 or 3.6 from an individual who is working on a project that is subject to
840 USC 3142.”.
AB68-ASA2-AA6,121,9 983. Page 355, line 11: after that line insert:
AB68-ASA2-AA6,121,10 10 Section 416m. 947.20 of the statutes is repealed.” .
AB68-ASA2-AA6,121,11 1184. Page 355, line 20: after that line insert:
AB68-ASA2-AA6,121,12 12 Section 417m. 978.05 (6) (a) of the statutes is amended to read:
AB68-ASA2-AA6,122,213 978.05 (6) (a) Institute, commence, or appear in all civil actions or special
14proceedings under and perform the duties set forth for the district attorney under ch.
15980 and ss. 17.14, 30.03 (2), 48.09 (5), 59.55 (1), 59.64 (1), 70.36, 89.08, 103.50 (8),
16103.92 (4), 109.09, 343.305 (9) (a), 806.05, 938.09, 938.18, 938.355 (6) (b) and (6g) (a),
17946.86, 946.87, 961.55 (5), 971.14 and 973.075 to 973.077, perform any duties in
18connection with court proceedings in a court assigned to exercise jurisdiction under
19chs. 48 and 938 as the judge may request and perform all appropriate duties and
20appear if the district attorney is designated in specific statutes, including matters
21within chs. 782, 976 and 979 and ss. 51.81 to 51.85. Nothing in this paragraph limits
22the authority of the county board to designate, under s. 48.09 (5), that the corporation
23counsel provide representation as specified in s. 48.09 (5) or to designate, under s.

148.09 (6) or 938.09 (6), the district attorney as an appropriate person to represent the
2interests of the public under s. 48.14 or 938.14.”.
AB68-ASA2-AA6,122,4 385. Page 358, line 16: delete the material beginning with that line and ending
4on page 379, line 1, and substitute:
AB68-ASA2-AA6,122,7 5“(1) Authorized State Building Program. For the fiscal years beginning on
6July 1, 2021, and ending on June 30, 2023, the Authorized State Building Program
7is as follows: - See PDF for table PDF
AB68-ASA2-AA6,144,21 (2) Programs previously authorized. In addition to the projects and
2financing”.
AB68-ASA2-AA6,144,3 386. Page 382, line 1: delete “1. a." and substitute “1. b.".
AB68-ASA2-AA6,144,4 487. Page 382, line 14: delete “1. d. and 2. b." and substitute “1. g. and 2. d.".
AB68-ASA2-AA6,144,5 588. Page 382, line 25: after that line insert:
AB68-ASA2-AA6,144,7 6“(7r) University of Wisconsin System instructional space projects program;
7Groups 1 and 2 projects.
AB68-ASA2-AA6,144,98 (a) Group 1. The amounts specified under sub. (1) (h) 1. a. shall be expended
9for the following projects:
AB68-ASA2-AA6,144,1010 1. UW–Eau Claire — Haas Fine Arts art and design studio renovation.
AB68-ASA2-AA6,144,1111 2. UW–Green Bay — studio arts visual arts laboratory renovation.
AB68-ASA2-AA6,144,1312 3. UW–River Falls — Agricultural Science Plant and Earth Science Laboratory
13renovation.
AB68-ASA2-AA6,145,1
14. UW–Whitewater — Center of the Arts Metals Laboratory renovation.
AB68-ASA2-AA6,145,32 5. UW–La Crosse — Wing Technology Center computer science laboratory
3renovation.
AB68-ASA2-AA6,145,44 6. UW–Oshkosh — Arts and Communication Center Music Hall renovation.
AB68-ASA2-AA6,145,65 7. UW–Milwaukee — Engelmann Hall hybrid active learning/lecture hall
6renovation.
AB68-ASA2-AA6,145,87 (b) Group 2. The amounts specified under sub. (1) (h) 1. f. shall be expended
8for the following projects:
AB68-ASA2-AA6,145,99 1. UW–Parkside — Greenquist Hall Laboratory 363/365 renovation.
AB68-ASA2-AA6,145,1010 2. UW–Whitewater — Center of the Arts 3D Design Laboratory renovation.
AB68-ASA2-AA6,145,1111 3. UW–Madison — Van Hise Hall first floor classroom renovations.
AB68-ASA2-AA6,145,1212 4. UW–Madison — Brogden Psychology Lecture Hall 105 renovation.
AB68-ASA2-AA6,145,1313 5. UW–Madison — Animal Science Lecture Hall 212 renovation.
AB68-ASA2-AA6,145,1514 6. UW–Green Bay — Mary Ann Cofrin Hall/Wood Hall health care skills and
15simulation laboratory renovation.
AB68-ASA2-AA6,145,1716 7. UW–Stevens Point — Science Building D-Wing Clinical Laboratory science
17and medical technology renovation.
AB68-ASA2-AA6,145,2118 (7s) State historical society headquarters; phase II. From the appropriation
19under s. 20.867 (2) (r), the building commission shall allocate $4,000,000 to develop
20preliminary plans and specifications for phase II of the renovation of the state
21historical society headquarters in the city of Madison.”.
AB68-ASA2-AA6,145,22 2289. Page 386, line 15: after that line insert:
AB68-ASA2-AA6,146,6 23“(14r) Kenosha STEM innovation center. Notwithstanding s. 13.48 (33v) (b),
24the building commission may not make a grant to the city of Kenosha for the

1construction of the science, technology, engineering, and mathematics innovation
2center, as enumerated in sub. (1) (im), under s. 13.48 (33v), unless the department
3of administration has reviewed and approved plans for the project. Notwithstanding
4ss. 16.85 (1) and 16.855 (1m), the department of administration may not supervise
5any services or work or let any contract for the project. Section 16.87 does not apply
6to the project.”.
AB68-ASA2-AA6,146,7 790. Page 386, line 22: after that line insert:
AB68-ASA2-AA6,146,8 8(2a) Internet assistance program.
AB68-ASA2-AA6,146,15 9(a) Using the procedure under s. 227.24, the department of children and
10families may promulgate the rules authorized under s. 49.168 (2) as emergency
11rules. Notwithstanding s. 227.24 (1) (a) and (3), the department of children and
12families is not required to provide evidence that promulgating a rule under this
13subsection as an emergency rule is necessary for the preservation of the public peace,
14health, safety, or welfare and is not required to provide a finding of emergency for a
15rule promulgated under this subsection.
AB68-ASA2-AA6,146,19 16(b) The authorized FTE positions for the department of children and families
17are increased by 0.5 GPR positions to be funded from the appropriation under s.
1820.437 (2) (eg) for the purpose of administering the Internet assistance program
19under s. 49.168.”.
AB68-ASA2-AA6,146,20 2091. Page 386, line 22: after that line insert:
AB68-ASA2-AA6,147,3 21“(2u) Child care quality improvement program. Using the procedure under
22s. 227.24, the department of children and families may promulgate the rules
23authorized under s. 49.133 (2) as emergency rules. Notwithstanding s. 227.24 (1) (a)
24and (3), the department of children and families is not required to provide evidence

1that promulgating a rule under this subsection as an emergency rule is necessary for
2the preservation of the public peace, health, safety, or welfare and is not required to
3provide a finding of emergency for a rule promulgated under this subsection.” .
AB68-ASA2-AA6,147,4 492. Page 389, line 11: delete lines 11 to 18.
AB68-ASA2-AA6,147,5 593. Page 394, line 21: after that line insert:
AB68-ASA2-AA6,147,12 6(3a) Regional economic development funding. In the 2021-22 fiscal year, the
7Wisconsin Economic Development Corporation shall expend up to $8,000,000 from
8the appropriation under s. 20.192 (1) (a) to provide funding to organizations focused
9on local or regional economic development in this state for the purpose of assisting
10businesses and nonprofit organizations in this state in their recovery from the
11COVID-19 global pandemic. The moneys appropriated under this subsection are not
12subject to the limitations specified in s. 20.192 (1) (a).
AB68-ASA2-AA6,147,17 13(4u) Cooperative feasibility studies. From the appropriation under s. 20.192
14(1) (a) or (r), the Wisconsin Economic Development Corporation shall, during each
15year of the 2021-23 fiscal biennium, award up to $200,000 in grants for cooperative
16feasibility studies. The Wisconsin Economic Development Corporation shall consult
17with the Cooperative Network when making awards under this subsection.”.
AB68-ASA2-AA6,147,18 1894. Page 397, line 9: after that line insert:
AB68-ASA2-AA6,147,20 19 Section 9302. Initial applicability; Agriculture, Trade and Consumer
20Protection.
AB68-ASA2-AA6,147,23 21(1a) Subscribers terminating broadband contracts. The treatment of s.
22100.2092 (1) (L) first applies to a contract that is entered into, renewed, or modified
23on the effective date of this subsection.”.
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