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LRBs0299/1
MPG:skw
2019 - 2020 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 787
February 20, 2020 - Offered by Representative Tauchen.
AB787-ASA1,1,3 1An Act to amend 13.48 (20m) (c); and to create 13.48 (20m) (dm) of the statutes;
2relating to: loan to the Greater Green Bay Convention and Visitor Bureau for
3the construction of a visitor information and education center.
Analysis by the Legislative Reference Bureau
Under current law, the Building Commission may authorize up to $25,000,000
in general fund supported borrowing to assist construction of projects having a public
purpose. This bill authorizes the Building Commission to use that borrowing
authority to award an interest-free loan in the amount of $2,000,000 to the Greater
Green Bay Convention and Visitor Bureau to assist in the construction of a visitor
information and education center located in Brown County.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB787-ASA1,1 4Section 1 . 13.48 (20m) (c) of the statutes, as created by 2019 Wisconsin Act 9,
5is amended to read:
AB787-ASA1,2,3
113.48 (20m) (c) The building commission may authorize up to $25,000,000 in
2general fund supported borrowing under par. (b), including $2,000,000 for the project
3specified in par. (dm) 1
.
AB787-ASA1,2 4Section 2 . 13.48 (20m) (dm) of the statutes is created to read:
AB787-ASA1,2,105 13.48 (20m) (dm) 1. The legislature finds and determines that the tourism
6industry is of vital importance in creating jobs and contributing to economic
7development and tourism in this state and is a statewide responsibility of statewide
8dimension. It is therefore in the public interest, and it is the public policy of this
9state, to assist the Greater Green Bay Convention and Visitor Bureau in the
10construction of a visitor information and education center in Brown County.
AB787-ASA1,2,1411 2. In the 2019-21 fiscal biennium, the building commission shall award a loan
12in the amount of $2,000,000 to the Greater Green Bay Convention and Visitor
13Bureau for the purpose of assisting the project specified in subd. 1. The term of the
14loan may not exceed 20 years from the date of issuance and interest shall not accrue.
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