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AB68-SSA1,1193,54 (c) Provide to the investment manager the information necessary for the
5investment manager to complete the reports under sub. (6) (a) and (c).
AB68-SSA1,1193,9 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-SSA1,1193,1110 1. An audit of the investment manager's financial statements performed by an
11independent certified public accountant.
AB68-SSA1,1193,1312 2. The investment manager's internal rate of return from investments made
13through the program established under sub. (2).
AB68-SSA1,1193,1514 3. For each venture capital fund that contracts with the investment manager
15under sub. (5), all of the following:
AB68-SSA1,1193,1616 a. The name and address of the venture capital fund.
AB68-SSA1,1193,1817 b. The amounts invested in the venture capital fund through the program
18established under sub. (2).
AB68-SSA1,1193,2019 c. An accounting of any fee the venture capital fund paid to itself or any
20principal or manager of the venture capital fund.
AB68-SSA1,1193,2221 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-SSA1,1193,2423 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-SSA1,1193,2525 a. The name and address of the business.
AB68-SSA1,1194,1
1b. A description of the nature of the business.
AB68-SSA1,1194,22 c. The identification of the venture capital fund.
AB68-SSA1,1194,43 d. The amount of the investment and the amount invested by the venture
4capital fund from funding sources other than the program.
AB68-SSA1,1194,65 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-SSA1,1194,107 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-SSA1,1194,1311 (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-SSA1,1194,1514 (c) Quarterly, the investment manager shall submit to the oversight board a
15report for the preceding quarter that includes all of the following:
AB68-SSA1,1194,1716 1. An identification of each venture capital fund under contract with the
17investment manager under sub. (5).
AB68-SSA1,1194,2018 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-SSA1,1194,2421 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-SSA1,1195,2
1(d) The oversight board shall make the reports under par. (c) readily accessible
2to the public on the corporation's Internet site.
AB68-SSA1,1195,4 3(7) Policies and procedures. The corporation shall establish policies and
4procedures to administer this section.
AB68-SSA1,2593 5Section 2593. 238.29 of the statutes is created to read:
AB68-SSA1,1195,8 6238.29 Tribal economic development. The corporation shall establish and
7administer economic development programs to promote small business economic
8development benefitting American Indian tribes or bands in this state.
AB68-SSA1,2594 9Section 2594. 238.30 (2m) (a) of the statutes is amended to read:
AB68-SSA1,1195,1610 238.30 (2m) (a) Except as provided in par. (b) and s. 238.308 (1) (b), “full-time
11job" means a regular, nonseasonal full-time position in which an individual, as a
12condition of employment, is required to work at least 2,080 hours per year, including
13paid leave and holidays, and for which the individual receives pay that is equal to
14at least 150 percent of the federal minimum wage and benefits that are not required
15by federal or state law. “Full-time job" does not include initial training before an
16employment position begins.
AB68-SSA1,2595 17Section 2595. 238.306 (3) of the statutes is repealed.
AB68-SSA1,2596 18Section 2596. 238.308 (1) of the statutes is renumbered 238.308 (1) (intro.)
19and amended to read:
AB68-SSA1,1195,2020 238.308 (1) Definition Definitions. (intro.) In this section,:
AB68-SSA1,1195,22 21(a)eligible Eligible employee" means a person employed in a full-time job by
22a person certified under sub. (2).
AB68-SSA1,2597 23Section 2597. 238.308 (1) (b) of the statutes is created to read:
AB68-SSA1,1195,2524 238.308 (1) (b) 1. Except as provided in subd. 2., “full-time job” has the meaning
25given in s. 238.30 (2m).
AB68-SSA1,1196,7
12. a. For awards certified under this section after December 31, 2021, “full-time
2job” means, except as provided in subd. 2. b., a regular, nonseasonal full-time
3position in which an individual, as a condition of employment, is required to work at
4least 2,080 hours per year, including paid leave and holidays, and for which the
5individual receives pay that is equal to at least $27,900 and benefits that are not
6required by federal or state law. “Full-time job" does not include initial training
7before an employment position begins.
AB68-SSA1,1196,138 b. The corporation may grant exceptions to the requirement under subd. 2. a.
9that a full-time job means a position in which an individual, as a condition of
10employment, is required to work at least 2,080 hours per year if the annual pay for
11the position exceeds $27,900 and an individual in the position is offered retirement,
12health, and other benefits that are equivalent to the retirement, health, and other
13benefits offered to an individual who is required to work at least 2,080 hours per year.
AB68-SSA1,2598 14Section 2598. 238.308 (4) (a) 1. of the statutes is amended to read:
AB68-SSA1,1197,215 238.308 (4) (a) 1. An amount equal to up to 10 percent of the amount of wages
16that the person paid to an eligible employee in the taxable year. For awards certified
17after December 31, 2021, the amount of wages taken into account under this
18subdivision may not exceed $123,000 per eligible employee per year. Beginning on
19January 1, 2023, the dollar amount under this subdivision shall be increased each
20year by a percentage equal to the percentage change between the U.S. consumer
21price index for all urban consumers, U.S. city average, for the month of August of the
22previous year and the U.S. consumer price index for all urban consumers, U.S. city
23average, for the month of August of the year before the previous year, as determined
24by the federal department of labor. Each amount that is revised under this
25subdivision shall be rounded to the nearest multiple of $10 if the revised amount is

1not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount
2shall be increased to the next higher multiple of $10.
AB68-SSA1,2599 3Section 2599. 238.308 (4) (a) 3. of the statutes is amended to read:
AB68-SSA1,1197,114 238.308 (4) (a) 3. An amount equal to up to 50 percent of the person's training
5costs incurred to undertake activities to enhance an eligible employee's general
6knowledge, employability, and flexibility in the workplace; to develop skills unique
7to the person's workplace or equipment; or to develop skills that will increase the
8quality of the person's product
upgrade or improve the job-related skills of an eligible
9employee, train an eligible employee on the use of job-related new technologies, or
10provide job-related training to an eligible employee whose employment with the
11person represents the employee's first full-time job
.
AB68-SSA1,2600 12Section 2600. 238.308 (4) (a) 5. of the statutes is amended to read:
AB68-SSA1,1197,1813 238.308 (4) (a) 5. An amount, as determined by the corporation, equal to a
14percentage of the amount of wages that the person paid to an eligible employee in the
15taxable year, if the position in which the eligible employee was employed was created
16or retained in connection with the person's location or retention of the person's
17corporate headquarters in Wisconsin and the job duties associated with the eligible
18employee's position involve the performance of corporate headquarters functions
.
AB68-SSA1,2601 19Section 2601. 238.308 (4) (a) 6. of the statutes is created to read:
AB68-SSA1,1197,2420 238.308 (4) (a) 6. An amount equal to up to 25 percent of the person's energy
21efficiency or renewable energy project expenditures on real or personal property
22located in this state. When making an award under this subdivision, the corporation
23shall ensure that the percentage of expenditures taken into account positively
24correlates to the scale of the project.
AB68-SSA1,2602 25Section 2602. 238.399 (1) (am) 2. a. of the statutes is amended to read:
AB68-SSA1,1198,4
1238.399 (1) (am) 2. a. The For awards certified under this section prior to
2January 1, 2022, the
individual is employed in a job for which the annual pay is more
3than the amount determined by multiplying 2,080 by 150 percent of the federal
4minimum wage.
AB68-SSA1,2603 5Section 2603. 238.399 (1) (am) 2. c. of the statutes is created to read:
AB68-SSA1,1198,96 238.399 (1) (am) 2. c. For awards certified under this section after December
731, 2021, the individual is employed in a job for which the annual pay is more than
8$27,900 in a tier I county or municipality or more than $37,000 in a tier II county or
9municipality.
AB68-SSA1,2604 10Section 2604. 238.399 (3) (a) of the statutes is amended to read:
AB68-SSA1,1198,1211 238.399 (3) (a) The corporation may designate any number of no more than 30
12enterprise zones in this state.
AB68-SSA1,2605 13Section 2605. 238.399 (3) (am) of the statutes is repealed.
AB68-SSA1,2606 14Section 2606. 238.399 (3) (e) of the statutes is created to read:
AB68-SSA1,1198,1915 238.399 (3) (e) If the corporation revokes all certifications for tax benefits
16within a designated enterprise zone under par. (a), the corporation may cancel the
17designation of that enterprise zone. After canceling the designation of an enterprise
18zone, the corporation may designate a new enterprise zone under par. (a) subject to
19the limits of this subsection.
AB68-SSA1,2607 20Section 2607. 238.399 (4) (title) of the statutes is amended to read:
AB68-SSA1,1198,2121 238.399 (4) (title) Time limits ; reporting.
AB68-SSA1,2608 22Section 2608. 238.399 (4) (b) of the statutes is amended to read:
AB68-SSA1,1198,2523 238.399 (4) (b) If an enterprise zone designation expires under par. (a) or under
24the contract with a business certified under sub. (5)
, the corporation may designate
25a new enterprise zone under par. (a) subject to the limits of sub. (3).
AB68-SSA1,2609
1Section 2609. 238.399 (6) (h) of the statutes is created to read:
AB68-SSA1,1199,102 238.399 (6) (h) Beginning on January 1, 2023, the dollar amount in sub. (1) (am)
32. c. shall be increased each year by a percentage equal to the percentage change
4between the U.S. consumer price index for all urban consumers, U.S. city average,
5for the month of August of the previous year and the U.S. consumer price index for
6all urban consumers, U.S. city average, for the month of August of the year before
7the previous year, as determined by the federal department of labor. Each amount
8that is revised under this paragraph shall be rounded to the nearest multiple of $10
9if the revised amount is not a multiple of $10 or, if the revised amount is a multiple
10of $5, such an amount shall be increased to the next higher multiple of $10.
AB68-SSA1,2610 11Section 2610 . 250.04 (3) (a) of the statutes is amended to read:
AB68-SSA1,1199,1512 250.04 (3) (a) The department shall establish and maintain surveillance
13activities sufficient to detect any occurrence of acute, communicable , or chronic
14diseases and threat of occupational or environmental hazards, injuries , or changes
15in the health of mothers parents and children.
AB68-SSA1,2611 16Section 2611. 250.15 (1) of the statutes is renumbered 250.15 (1) (intro.) and
17amended to read:
AB68-SSA1,1199,1818 250.15 (1) Definition Definitions. (intro.) In this section, “ community:
AB68-SSA1,1199,20 19(a) “Community health center" means a health care entity that provides
20primary health care, health education and social services to low-income individuals.
AB68-SSA1,2612 21Section 2612. 250.15 (1) (b) of the statutes is created to read:
AB68-SSA1,1199,2522 250.15 (1) (b) “Free and charitable clinics” means health care organizations
23that use a volunteer and staff model to provide health services to uninsured,
24underinsured, underserved, economically and socially disadvantaged, and
25vulnerable populations and that meet all of the following criteria:
AB68-SSA1,1200,2
11. The organizations are nonprofit and tax exempt or are a part of a larger
2nonprofit, tax-exempt organization.
AB68-SSA1,1200,33 2. The organizations are located in this state or serve residents in this state.
AB68-SSA1,1200,64 3. The organizations restrict eligibility to receive services to individuals who
5are uninsured, underinsured, or have limited or no access to primary, specialty, or
6prescription care.
AB68-SSA1,1200,77 4. The organizations provide one or more of the following services:
AB68-SSA1,1200,88 a. Medical care.
AB68-SSA1,1200,99 b. Mental health care.
AB68-SSA1,1200,1010 c. Dental care.
AB68-SSA1,1200,1111 d. Prescription medications.
AB68-SSA1,1200,1412 5. The organizations use volunteer health care professionals, nonclinical
13volunteers, and partnerships with other health care providers to provide the services
14under subd. 4.
AB68-SSA1,1200,1815 6. The organizations are not federally-qualified health centers as defined in
1642 USC 1396d (l) (2) and do not receive reimbursement from the federal centers for
17medicare and medicaid services under a federally-qualified health center payment
18methodology.
AB68-SSA1,2613 19Section 2613. 250.15 (2) (d) of the statutes is created to read:
AB68-SSA1,1200,2020 250.15 (2) (d) To free and charitable clinics, $2,500,000.
AB68-SSA1,2614 21Section 2614 . 250.16 of the statutes is created to read:
AB68-SSA1,1200,24 22250.16 Grants for community health workers. From the appropriation
23under s. 20.435 (1) (fh), the department shall annually award $15,000,000 for
24community health workers.
AB68-SSA1,2615 25Section 2615. 250.20 (7) of the statutes is created to read:
AB68-SSA1,1201,5
1250.20 (7) Black women's health grants. From the appropriation under s.
220.435 (1) (cr), the department shall annually award grants in the total amount of
3$1,750,000 to community-serving organizations that are led by Black women that
4improve Black women's health in Dane, Milwaukee, Rock, Racine, and Kenosha
5Counties.
AB68-SSA1,2616 6Section 2616. 250.20 (8) of the statutes is created to read:
AB68-SSA1,1201,107 250.20 (8) Infant and maternal mortality grants. From the appropriation
8under s. 20.435 (1) (cr), the department shall annually award grants in the total
9amount of $1,750,000 to organizations that work to reduce racial disparities related
10to infant and maternal mortality.
AB68-SSA1,2617 11Section 2617 . 250.22 of the statutes is created to read:
AB68-SSA1,1201,14 12250.22 Health equity grants. (1) From the appropriations under s. 20.435
13(1) (cv) and (r), the department shall award grants to community organizations to
14implement community health worker care models.
AB68-SSA1,1201,18 15(2) From the appropriations under s. 20.435 (1) (cv) and (r), the department
16shall award grants to community organizations and local or tribal health
17departments to hire health equity strategists and to implement health equity action
18plans.
AB68-SSA1,2618 19Section 2618. 251.05 (3) (c) of the statutes is amended to read:
AB68-SSA1,1201,2520 251.05 (3) (c) Involve key policymakers and the general public in determining
21and developing a community health improvement plan that includes actions to
22implement the services and functions specified under s. 250.03 (1) (L). The plan
23under this paragraph shall include consideration of the effects of climate change on
24community health and consideration of the policies, plans, and programs that may
25assist in mitigating community health problems and health hazards.
AB68-SSA1,2619
1Section 2619. 252.14 (1) (ar) 3. of the statutes is amended to read:
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