SB70-AA1,185,2
12. The investment manager's internal rate of return from investments made
2through the fund of funds program.
SB70-AA1,185,43 3. For each venture capital fund that contracts with the investment manager
4under sub. (5), all of the following:
SB70-AA1,185,55 a. The name and address of the venture capital fund.
SB70-AA1,185,76 b. The amounts invested in the venture capital fund through the fund of funds
7program.
SB70-AA1,185,98 c. An accounting of any fee the venture capital fund paid to itself or any
9principal or manager of the venture capital fund.
SB70-AA1,185,1110 d. The venture capital fund's average internal rate of return on its investments
11of the moneys it received through the fund of funds program.
SB70-AA1,185,1312 4. For each business in which a venture capital fund held an investment of
13moneys received through the fund of funds program, all of the following:
SB70-AA1,185,1414 a. The name and address of the business.
SB70-AA1,185,1515 b. A description of the nature of the business.
SB70-AA1,185,1616 c. An identification of the venture capital fund.
SB70-AA1,185,1817 d. The amount of the investment and the amount invested by the venture
18capital fund from funding sources other than the program.
SB70-AA1,185,2019 e. The internal rate of return realized by the venture capital fund upon the
20venture capital fund's exit from the investment in the business.
SB70-AA1,185,2421 f. A statement of the number of employees the business employed when the
22venture capital fund first invested moneys received through the program and the
23number of employees the business employed on the first day and last day of the
24investment manager's fiscal year.
SB70-AA1,186,3
1(b) No later than 10 days after it receives the investment manager's report
2under par. (a), the corporation shall submit the report to the chief clerk of each house
3of the legislature, for distribution to the legislature under s. 13.172 (2).
SB70-AA1,186,54 (c) Quarterly, the investment manager shall submit to the oversight board a
5report for the preceding quarter that includes all of the following:
SB70-AA1,186,76 1. An identification of each venture capital fund under contract with the
7investment manager under sub. (5).
SB70-AA1,186,108 2. An identification of each business in which a venture capital fund held an
9investment of moneys received through the fund of funds program and a statement
10of the amount of the investment in each business.
SB70-AA1,186,1411 3. A statement of the number of employees the business employed when the
12venture capital fund first invested moneys received through the fund of funds
13program and the number of employees the business employed on the last day of the
14quarter.
SB70-AA1,186,1615 (d) The oversight board shall make the reports under par. (c) readily accessible
16to the public on the corporation's Internet site.
SB70-AA1,186,18 17(7) Policies and procedures. The corporation shall establish policies and
18procedures to administer this section.”.
SB70-AA1,186,19 19128. Page 374, line 11: after that line insert:
SB70-AA1,186,20 20 Section 332. 40.05 (4) (a) 2. of the statutes is amended to read:
SB70-AA1,187,1021 40.05 (4) (a) 2. For an insured employee who is an eligible employee under s.
2240.02 (25) (a) 2. or (b) 1m. or 2c., the employer shall pay required employer
23contributions toward the health insurance premium of the insured employee
24beginning on the date on which the employee becomes insured. For an insured state

1employee who is currently employed, but who is not a limited term appointment
2under s. 230.26 or an eligible employee under s. 40.02 (25) (a) 2. or (b) 1m. or 2c., the
3employer shall pay required employer contributions toward the health insurance
4premium of the insured employee beginning on the first day of the 3rd 2nd month
5beginning after the date on which the employee begins employment with the state,
6not including any leave of absence. For an insured employee who has a limited term
7appointment under s. 230.26, the employer shall pay required employer
8contributions toward the health insurance premium of the insured employee
9beginning on the first day of the 7th month beginning after the date on which the
10employee first becomes a participating employee.
SB70-AA1,9313 11Section 9313. Initial applicability; Employee Trust Funds.
SB70-AA1,187,1412 (1) Employer contribution for health insurance premiums. The treatment of
13s. 40.05 (4) (a) 2. first applies to state employees hired on the effective date of this
14subsection.”.
SB70-AA1,187,15 15129. Page 374, line 11: after that line insert:
SB70-AA1,187,16 16 Section 333. 20.192 (1) (a) of the statutes is amended to read:
SB70-AA1,188,217 20.192 (1) (a) Operations and programs. A sum sufficient in each fiscal year
18equal to the amount obtained by subtracting from $41,550,700 $51,550,700 an
19amount equal to the sum of the amounts expended in that fiscal year from the
20appropriations under pars. (r) and (s), for the operations of the Wisconsin Economic
21Development Corporation and for funding economic development programs
22developed and implemented under s. 238.03. No more than $16,512,500 may be
23expended from this appropriation in any fiscal year, and moneys may be expended

1from this appropriation only if there are no unencumbered moneys available in the
2appropriation account under par. (r).”.
SB70-AA1,188,3 3130. Page 374, line 11: after that line insert: