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7229.8275 Prevailing wage. A district may not enter into a contract under s.
8229.827 with a professional football team, as described in s. 229.823, or a related
9party that requires the team or related party to acquire and construct or renovate
10football stadium facilities that are part of any facilities that are leased by the district
11to the team or to a related party unless the professional football team or related party
12agrees to all of the following:
AB68-ASA2-AA6,112,18
13(1) Not to allow any employee working on the football stadium facilities who
14would be entitled to receive the prevailing wage rate under s. 66.0903 and who would
15not be required or allowed to work more than the prevailing hours of labor, if the
16football stadium facilities were a project of public works subject to s. 66.0903, to be
17paid less than the prevailing wage rate or to be required or allowed to work more than
18the prevailing hours of labor, except as allowed under s. 66.0903 (4) (a).
AB68-ASA2-AA6,112,24
19(2) To require any contractor, subcontractor, or agent of a contractor or
20subcontractor performing work on the football stadium facilities to keep and allow
21inspection of records in the same manner as a contractor, subcontractor, or agent of
22a contractor or subcontractor performing work on a project of public works that is
23subject to s. 66.0903 is required to keep and allow inspection of records under s.
2466.0903 (10).
AB68-ASA2-AA6,113,8
1(3) To comply with s. 66.0903 in the same manner as a local governmental unit
2contracting for the erection, construction, remodeling, repairing, or demolition of a
3project of public works is required to comply with s. 66.0903 and to require any
4contractor, subcontractor, or agent of a contractor or subcontractor performing work
5on the football stadium facilities to comply with s. 66.0903 in the same manner as
6a contractor, subcontractor, or agent of a contractor or subcontractor performing
7work on a project of public works that is subject to s. 66.0903 is required to comply
8with s. 66.0903.”.
AB68-ASA2-AA6,114,211
230.10
(2) The compensation plan in effect at the time that a representative
12is recognized or certified to represent employees in a collective bargaining unit and
13the employee salary and benefit provisions under s. 230.12 (3) (e) in effect at the time
14that a representative is certified to represent employees in a collective bargaining
15unit under subch. V of ch. 111 constitute the compensation plan or employee salary
16and benefit provisions for employees in the collective bargaining unit until a
17collective bargaining agreement becomes effective for that unit. If a collective
18bargaining agreement under subch. V of ch. 111 expires prior to the effective date of
19a subsequent agreement, and a representative continues to be recognized or certified
20to represent employees specified in s. 111.81 (7) (a)
or (ag) or certified to represent
21employees specified in s. 111.81 (7) (ar) to (f) in that collective bargaining unit, the
22wage rates of the employees in such a unit shall be frozen until a subsequent
23agreement becomes effective, and the compensation plan under s. 230.12 and salary
1and benefit changes adopted under s. 230.12 (3) (e) do not apply to employees in the
2unit.”.
AB68-ASA2-AA6,114,10
5238.137 Small business pandemic recovery program. The corporation
6shall aid in the state's economic recovery from the COVID-19 global pandemic by
7providing financial assistance to small businesses adversely affected by the
8pandemic, including for the retention of current employees and the rehiring of former
9employees. The corporation shall, as necessary, coordinate with the department of
10revenue in the administration of the program under this section.”.
AB68-ASA2-AA6,114,16
13238.139 Financial assistance for underserved communities. The
14corporation shall expend $5,000,000 annually to provide grants, loans, and other
15assistance to underserved communities in this state, including members of minority
16groups, woman-owned businesses, and individuals and businesses in rural areas.”.
AB68-ASA2-AA6,114,20
19238.145 Venture capital fund of funds program. (1)
Definitions. In this
20section:
AB68-ASA2-AA6,114,2221
(a) “Investment manager” means the person with whom the oversight board
22enters into a contract under sub. (4).
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(b) “Oversight board” means the oversight board created under sub. (2) (c).
AB68-ASA2-AA6,115,4
1(2) Establishment of program. The corporation shall establish and administer
2a fund of funds program to invest moneys in venture capital funds that invest in
3businesses located in this state, subject to the requirements of this section. In
4establishing the program, the corporation shall do all of the following:
AB68-ASA2-AA6,115,55
(a) Create a fund of funds.
AB68-ASA2-AA6,115,66
(b) Provide that the fund of funds will continuously reinvest its assets.
AB68-ASA2-AA6,115,87
(c) Create an oversight board to conduct any activity as required by this section
8or as directed by the corporation.
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.
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3. At least 20 percent of the investments made through the program shall be
25directed to any combination of the following:
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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.