October 29, 2021 - Introduced by Representatives Krug, Mursau, Edming,
Callahan, Swearingen, Behnke, Spiros, Snyder, Moses, Rozar, Shankland,
B. Meyers and Spreitzer, cosponsored by Senator Bewley. Referred to
Committee on Forestry, Parks and Outdoor Recreation.

AB682,1,7 1An Act to amend 103.503 (title), 103.503 (1) (a), 103.503 (1) (c), 103.503 (1) (e),
2103.503 (1) (f), 103.503 (1) (h), 103.503 (1) (i), 103.503 (2), 103.503 (3) (a) (intro.),
32. and 3., 103.503 (4) (a) (intro.) and 103.503 (4m) (b); and to create 103.503
4(1) (k) and 103.503 (6) and (7) of the statutes; relating to: grant related to the
5Verso Paper Mill in the city of Wisconsin Rapids, loan guarantee related to the
6Park Falls Pulp and Paper Mill in the city of Park Falls, substance abuse
7prevention on certain public projects, and granting rule-making authority.

This bill authorizes the Wisconsin Economic Development Corporation award
a grant of up to $1,000,000 to an eligible recipient to maintain operations at the Verso
Paper Mill in the city of Wisconsin Rapids. The grant is to be upon the terms and
conditions determined by WEDC, and WEDC may award the grant only as approved
or modified by the Joint Committee on Finance.

The bill also authorizes WEDC to issue a loan guarantee of up to $15,000,000
to an eligible borrower to purchase or make infrastructure improvements to the Park
Falls Pulp and Paper Mill in the city of Park Falls. The loan guarantee is to be upon
the terms and conditions determined by WEDC, and WEDC may issue the loan
guarantee only as approved or modified by the Joint Committee on Finance.