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AB1117,17,5
123.175 (1) (b) “State agency" means any office, department, agency, institution
2of higher education, association, society or other body in state government created
3or authorized to be created by the constitution or any law which is entitled to expend
4moneys appropriated by law, including any authority created under subch. II of ch.
5114 or ch. 231, 233, 234, 235, or 237 but not including the legislature or the courts.
AB1117,35 6Section 35. 25.17 (3) (b) 14. of the statutes is created to read:
AB1117,17,87 25.17 (3) (b) 14. Bonds issued by the Wisconsin Renewable Energy
8Development Authority.
AB1117,36 9Section 36. 40.02 (54) (k) of the statutes is created to read:
AB1117,17,1010 40.02 (54) (k) The Wisconsin Renewable Energy Development Authority.
AB1117,37 11Section 37. 66.0603 (1m) (a) 3v. of the statutes is created to read:
AB1117,17,1312 66.0603 (1m) (a) 3v. Bonds issued by the Wisconsin Renewable Energy
13Development Authority.
AB1117,38 14Section 38 . 70.11 (38o) of the statutes is created to read:
AB1117,17,1915 70.11 (38o) Wisconsin Renewable Energy Development Authority.
16Notwithstanding the provisions of s. 70.11 (intro.) that relate to leased property or
17that impose other limitations, all property owned or leased by the Wisconsin
18Renewable Energy Development Authority, provided that use of the property is
19primarily related to the purposes of the authority.
AB1117,39 20Section 39. 71.05 (1) (c) 7m. of the statutes is created to read:
AB1117,17,2121 71.05 (1) (c) 7m. The Wisconsin Renewable Energy Development Authority.
AB1117,40 22Section 40 . 71.26 (1) (be) of the statutes is amended to read:
AB1117,18,223 71.26 (1) (be) Certain authorities. Income of the University of Wisconsin
24Hospitals and Clinics Authority, of the Fox River Navigational System Authority, of

1the Wisconsin Economic Development Corporation, and of the Wisconsin Aerospace
2Authority, and of the Wisconsin Renewable Energy Development Authority.
AB1117,41 3Section 41. 71.26 (1m) (p) of the statutes is created to read:
AB1117,18,44 71.26 (1m) (p) Those issued under s. 235.06.
AB1117,42 5Section 42. 71.45 (1t) (o) of the statutes is created to read:
AB1117,18,66 71.45 (1t) (o) Those issued under s. 235.06.
AB1117,43 7Section 43 . 77.54 (9a) (a) of the statutes is amended to read:
AB1117,18,118 77.54 (9a) (a) This state or any agency thereof, the University of Wisconsin
9Hospitals and Clinics Authority, the Wisconsin Aerospace Authority, the Wisconsin
10Renewable Energy Development Authority,
the Wisconsin Economic Development
11Corporation, and the Fox River Navigational System Authority.
AB1117,44 12Section 44. 100.45 (1) (dm) of the statutes is amended to read:
AB1117,18,2213 100.45 (1) (dm) “State agency" means any office, department, agency,
14institution of higher education, association, society, or other body in state
15government created or authorized to be created by the constitution or any law which
16is entitled to expend moneys appropriated by law, including the legislature and the
17courts, the Wisconsin Housing and Economic Development Authority, the Bradley
18Center Sports and Entertainment Corporation, the University of Wisconsin
19Hospitals and Clinics Authority, the Wisconsin Health and Educational Facilities
20Authority, the Wisconsin Aerospace Authority, the Wisconsin Renewable Energy
21Development Authority,
the Wisconsin Economic Development Corporation, and the
22Fox River Navigational System Authority.
AB1117,45 23Section 45. 106.16 (2) of the statutes is amended to read:
AB1117,19,424 106.16 (2) Any company that receives a loan or grant from a state agency or
25an authority under ch. 231 or, 234 , or 235 shall notify the department and the local

1workforce development board established under 29 USC 2832, of any position in the
2company that is related to the project for which the grant or loan is received to be
3filled in this state within one year after receipt of the loan or grant. The company
4shall provide this notice at least 2 weeks prior to advertising the position.
AB1117,46 5Section 46. 106.16 (3) of the statutes is amended to read:
AB1117,19,86 106.16 (3) A state agency or an authority under ch. 231 or, 234, or 235 shall
7notify the Wisconsin Economic Development Corporation if it makes a loan or grant
8to a company.
AB1117,47 9Section 47. 219.09 (1) (h) of the statutes is created to read:
AB1117,19,1010 219.09 (1) (h) The Wisconsin Renewable Energy Development Authority.
AB1117,48 11Section 48 . 230.03 (3) of the statutes is amended to read:
AB1117,19,2112 230.03 (3) “Agency" means any board, commission, committee, council, or
13department in state government or a unit thereof created by the constitution or
14statutes if such board, commission, committee, council, department, unit, or the
15head thereof, is authorized to appoint subordinate staff by the constitution or
16statute, except the Board of Regents of the University of Wisconsin System, a
17legislative or judicial board, commission, committee, council, department, or unit
18thereof or an authority created under subch. II of ch. 114 or under ch. 231, 232, 233,
19234, 235, 237, 238, or 279. “Agency" does not mean any local unit of government or
20body within one or more local units of government that is created by law or by action
21of one or more local units of government.
AB1117,49 22Section 49 . Chapter 235 of the statutes is created to read:
AB1117,19,2323 CHAPTER 235
AB1117,19,2424 Wisconsin renewable energy
AB1117,19,2525 development authority
AB1117,20,1
1235.01 Definitions. In this chapter:
AB1117,20,3 2(1) “Authority" means the Wisconsin Renewable Energy Development
3Authority.
AB1117,20,4 4(2) “Board" means the board of directors of the authority.
AB1117,20,6 5(3) “Bond" means a bond, note, or other obligation of the authority issued under
6this chapter, including a refunding bond.
AB1117,20,10 7(4) “Bond resolution" means a resolution of the board authorizing the issuance
8of, or providing terms and conditions related to, bonds and includes, when
9appropriate, any trust agreement, trust indenture, indenture of mortgage, or deed
10of trust providing terms and conditions for the bonds.
AB1117,20,12 11(5) “Eligible business" means a commercial entity that does any of the
12following:
AB1117,20,1413 (a) Produces energy, fuels, chemicals, or products primarily from renewable
14resources or agricultural, forestry, plant, or other biological materials.
AB1117,20,1615 (b) Provides services related to reducing energy consumption or improving
16energy efficiency.
AB1117,20,20 17(6) “Eligible project" means a project of a commercial entity to construct any
18new plant, equipment, property, or facilities, or extend, improve, or add to any
19existing plant, equipment, property, or facilities, for the purpose of reducing energy
20consumption or improving energy efficiency of the commercial entity.
AB1117,20,21 21(7) “Lender" does not include a seller under a land contract.
AB1117,20,22 22(8) “Renewable resource" has the meaning given in s. 196.378 (1) (h).
AB1117,20,25 23235.02 Creation and organization. (1) (a) There is created a public body
24politic and corporate to be known as the “Wisconsin Renewable Energy Development
25Authority." The board of the authority shall consist of the following members:
AB1117,21,1
11. Four persons representing eligible businesses.
AB1117,21,22 2. One commercial lender.
AB1117,21,33 3. The secretary of natural resources or his or her designee.
AB1117,21,54 4. The secretary of agriculture, trade and consumer protection or his or her
5designee.
AB1117,21,76 5. The chief executive officer of the Wisconsin Economic Development
7Corporation or his or her designee.
AB1117,21,88 6. The chairperson of the public service commission or his or her designee.
AB1117,21,109 7. The dean of the College of Agricultural and Life Sciences of the University
10of Wisconsin-Madison or his or her designee.
AB1117,21,1211 8. The director of the Wisconsin Alumni Research Foundation or his or her
12designee.
AB1117,21,1713 (b) The members under par. (a) 1. and 2. shall be nominated by the governor,
14and with the advice and consent of the senate appointed, for 4-year terms. Except
15for the initial members under par. (a) 1. and 2., before nominating the members
16under par. (a) 1. and 2., the governor shall obtain and consider the board's
17recommendations for nominees.
AB1117,21,1818 (c) Members of the board shall be residents of this state.
AB1117,21,2019 (d) The terms of the members appointed under par. (a) 1. and 2. expire on July
201. Each member's appointment remains in effect until a successor is appointed.
AB1117,22,10 21(2) The board shall appoint an executive director who may not be a member of
22the board and who shall serve at the pleasure of the board. The board shall determine
23the compensation of the executive director, except that the compensation of the
24executive director may not exceed the maximum of the salary range established
25under s. 20.923 (1) for positions assigned to executive salary group 4, and the

1compensation of each other employee of the authority may not exceed the maximum
2of the salary range established under s. 20.923 (1) for positions assigned to executive
3salary group 3. The executive director or another person designated by resolution
4of the board shall keep a record of the proceedings of the authority and shall be
5custodian of all books, documents, and papers filed with the authority, the minute
6book or journal of the authority, and its official seal. The executive director, or other
7person, may cause copies to be made of all minutes and other records and documents
8of the authority and may give certificates under the official seal of the authority to
9the effect that the copies are true copies, and all persons dealing with the authority
10may rely upon the certificates.
AB1117,22,18 11(3) Six members of the board constitute a quorum. The affirmative vote of a
12majority of all of the members of the board is necessary for any action taken by the
13authority. A vacancy in the membership of the board does not impair the right of a
14quorum to exercise all of the rights and perform all of the duties of the authority. All
15meetings of the board are subject to subch. V of ch. 19. Resolutions of the authority
16need not be published or posted. The board may delegate by resolution to one or more
17of its members or the executive director the powers and duties that it considers
18proper.
AB1117,22,22 19(4) The members of the board shall receive no compensation for the
20performance of their duties as members, but each member shall be reimbursed for
21the member's actual and necessary expenses while engaged in the performance of the
22member's duties.
AB1117,23,2 23(5) No cause of action of any nature may arise against and no civil liability may
24be imposed upon a member of the board for any act or omission in the performance

1of his or her powers and duties under this chapter, unless the person asserting
2liability proves that the act or omission constitutes willful misconduct.
AB1117,23,5 3235.03 Powers of authority. The authority has all of the powers necessary
4or convenient to carry out the purposes and provisions of this chapter. In addition
5to all other powers granted by this chapter, the authority may do any of the following:
AB1117,23,7 6(1) Adopt bylaws, policies, and procedures for the regulation of its affairs and
7the conduct of its business.
AB1117,23,8 8(2) Sue and be sued.
AB1117,23,10 9(3) Hire employees, define their duties, and fix their rate of compensation,
10subject to s. 235.02 (2).
AB1117,23,12 11(4) Have a seal and alter the seal at pleasure, have perpetual existence, and
12maintain an office.
AB1117,23,16 13(5) Appoint any technical or professional advisory committee that the
14authority finds necessary to assist the authority in exercising its duties and powers,
15define the duties of any committee, and provide reimbursement for the expenses of
16any committee.
AB1117,23,18 17(6) Enter into contracts with 3rd parties as are necessary for the conduct of its
18business.
AB1117,23,19 19(7) Accept gifts, grants, and other funding for the conduct of its business.
AB1117,23,20 20(8) Charge fees for services that the authority provides.
AB1117,23,22 21(9) Procure insurance against any loss in connection with its assets and procure
22insurance on its debt obligations.
AB1117,24,7 23235.04 Political activities. (1) No employee of the authority may directly or
24indirectly solicit or receive subscriptions or contributions for any partisan political
25party or any political purpose while engaged in his or her official duties as an

1employee. No employee of the authority may engage in any form of political activity
2calculated to favor or improve the chances of any political party or any person seeking
3or attempting to hold partisan political office while engaged in his or her official
4duties as an employee or engage in any political activity while not engaged in his or
5her official duties as an employee to such an extent that the person's efficiency during
6working hours will be impaired or that he or she will be tardy or absent from work.
7Any violation of this subsection is adequate grounds for dismissal.
AB1117,24,11 8(2) If an employee of the authority declares an intention to run for partisan
9political office, the employee shall be placed on a leave of absence for the duration
10of the election campaign and if elected shall no longer be employed by the authority
11on assuming the duties and responsibilities of such office.
AB1117,24,13 12(3) An employee of the authority may be granted, by the executive director, a
13leave of absence to participate in partisan political campaigning.
AB1117,24,16 14(4) Persons on leaves of absence under sub. (2) or (3) are not subject to the
15restrictions of sub. (1), except as they apply to the solicitation of assistance,
16subscription, or support from any other employee in the authority.
AB1117,24,20 17235.05 Cooperation. To enhance the efficiency and effectiveness of the
18authority, the authority shall use staff and other resources of state agencies,
19including the University of Wisconsin System, and state agencies shall, to the extent
20possible given their staff and other resources, provide assistance to the authority.
AB1117,24,23 21235.06 Issuance of bonds. (1) The authority may issue bonds for any
22corporate purpose. All bonds are negotiable for all purposes, notwithstanding their
23payment from a limited source.
AB1117,24,25 24(2) The bonds of each issue shall be payable from sources specified in the bond
25resolution under which the bonds are issued.
AB1117,25,12
1(3) The authority may not issue bonds unless the issuance is first authorized
2by a bond resolution. Bonds shall bear the dates, mature at the times not exceeding
330 years from their dates of issue, bear interest at the rates, be payable at the times,
4be in the denominations, be in the form, carry the registration and conversion
5privileges, be executed in the manner, be payable in lawful money of the United
6States at the places, and be subject to the terms of redemption, that the bond
7resolution provides. The bonds shall be executed by the manual or facsimile
8signatures of the officers of the authority designated by the board. The bonds may
9be sold at public or private sale at the price, in the manner, and at the time
10determined by the board. Pending preparation of definitive bonds, the authority may
11issue interim receipts or certificates that the authority shall exchange for the
12definitive bonds.
AB1117,25,15 13(4) Any bond resolution may contain provisions that shall be a part of the
14contract with the holders of the bonds that are authorized by the bond resolution,
15regarding any of the following:
AB1117,25,1616 (a) Pledging or assigning specified assets or revenues of the authority.
AB1117,25,1817 (b) Setting aside reserves or sinking funds, and the regulation, investment, and
18disposition of these funds.
AB1117,25,2019 (c) Limitations on the purpose to which or the investments in which the
20proceeds of the sale of any issue of bonds may be applied.
AB1117,25,2421 (d) Limitations on the issuance of additional bonds, the terms upon which
22additional bonds may be issued and secured, and the terms upon which additional
23bonds may rank on a parity with, or be subordinate or superior to, the bonds
24authorized by the bond resolution.
AB1117,25,2525 (e) Funding, refunding, advance refunding, or purchasing outstanding bonds.
AB1117,26,3
1(f) Procedures by which the terms of any contract with bondholders may be
2amended, the amount of bonds the holders of which must consent to the amendment,
3and the manner in which this consent may be given.
AB1117,26,64 (g) Defining the acts or omissions to act that constitute a default in the duties
5of the authority to the bondholders, and providing the rights and remedies of the
6bondholders in the event of a default.
AB1117,26,77 (h) Other matters relating to the bonds that the board considers desirable.
AB1117,26,11 8(5) Neither the members of the board nor any person executing the bonds is
9liable personally on the bonds or subject to any personal liability or accountability
10by reason of the issuance of the bonds, unless the personal liability or accountability
11is the result of willful misconduct.
AB1117,26,20 12235.07 Bond security. The authority may secure any bonds issued under this
13chapter by a trust agreement, trust indenture, indenture of mortgage, or deed of
14trust by and between the authority and one or more corporate trustees. The bond
15resolution providing for the issuance of bonds so secured shall pledge some or all of
16the revenues to be received by the authority and may contain provisions for
17protecting and enforcing the rights and remedies of the bondholders that are
18reasonable and proper and not in violation of law. A bond resolution may contain any
19other provisions that are determined by the board to be reasonable and proper for
20the security of the bondholders.
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