AB68,2521
9Section
2521. 231.03 (13) of the statutes is amended to read:
AB68,1361,2310
231.03
(13) Make loans to any participating health institution, participating
11educational institution, participating nonprofit institution, or participating
12research institution for the cost of a project
or to finance working capital under sub.
13(6) (L) in accordance with an agreement between the authority and the participating
14health institution, participating educational institution, participating nonprofit
15institution, or participating research institution. The authority may secure the loan
16by a mortgage or other security arrangement on the health facility, educational
17facility, nonprofit facility, or research facility granted by the participating health
18institution, participating educational institution, participating nonprofit
19institution, or participating research institution to the authority. The loan may not
20exceed
, as applicable, the total cost of the project as determined by the participating
21health institution, participating educational institution, participating nonprofit
22institution, or participating research institution and approved by the authority
or
23the amount of working capital approved by the authority under sub. (6) (L).
AB68,2522
24Section
2522. 234.03 (18m) (a) (intro.) of the statutes is amended to read:
AB68,1362,7
1234.03
(18m) (a) (intro.) From the funds described under sub. (18), to
annually
2invest
, directly or through a financial intermediary
a total of, not more than
3$1,000,000 of its general funds in business entities having their principal places of
4business in this state, including their affiliates, which are independently owned and
5operated and which employ fewer than
25 50 full-time employees or have gross
6annual sales of less than
$2,500,000 $5,000,000, to enable those business entities to
7do any of the following:
AB68,2523
8Section
2523. 234.29 of the statutes is amended to read:
AB68,1362,17
9234.29 Equality of occupancy and employment. The authority shall
10require that occupancy of housing projects assisted under this chapter be open to all
11regardless of sex, race, religion, sexual orientation, status as a victim of domestic
12abuse, sexual assault, or stalking, as defined in s. 106.50 (1m) (u), or creed, and that
13contractors and subcontractors engaged in the construction of economic
14development or housing projects, shall provide an equal opportunity for
15employment, without discrimination as to sex, race, religion, sexual orientation,
16gender expression, as defined in s. 111.32 (7j), gender identity, as defined in s. 111.32
17(7k), or creed.
AB68,2524
18Section 2524
. 234.29 of the statutes, as affected by 2021 Wisconsin Act .... (this
19act), is amended to read:
AB68,1363,3
20234.29 Equality of occupancy and employment. The authority shall
21require that occupancy of housing projects assisted under this chapter be open to all
22regardless of sex, race, religion, sexual orientation,
status as a holder or nonholder
23of a license under s. 343.03 (3r), status as a victim of domestic abuse, sexual assault,
24or stalking, as defined in s. 106.50 (1m) (u), or creed, and that contractors and
25subcontractors engaged in the construction of economic development or housing
1projects, shall provide an equal opportunity for employment, without discrimination
2as to sex, race, religion, sexual orientation, gender expression, as defined in s. 111.32
3(7j), gender identity, as defined in s. 111.32 (7k), or creed.
AB68,2525
4Section
2525. 234.45 (1) (c) of the statutes is amended to read:
AB68,1363,95
234.45
(1) (c) “Credit period” means the period of
6 10 taxable years beginning
6with the taxable year in which a qualified development is placed in service. For
7purposes of this paragraph, if a qualified development consists of more than one
8building, the qualified development is placed in service in the taxable year in which
9the last building of the qualified development is placed in service.
AB68,2526
10Section
2526. 234.45 (1) (e) of the statutes is amended to read:
AB68,1363,2011
234.45
(1) (e) “Qualified development” means a qualified low-income housing
12project under section
42 (g) of the Internal Revenue Code that is financed with
13tax-exempt bonds
, pursuant to section 42 (i) (2) described in section 42 (h) (4) (A) of
14the Internal Revenue Code,
allocated the credit under section 42 of the Internal
15Revenue Code, and located in this state
; except that the authority may waive, in the
16qualified allocation plan under section 42 (m) (1) (B) of the Internal Revenue Code,
17the requirements of tax-exempt bond financing and federal credit allocation to the
18extent the authority anticipates that sufficient volume cap under section 146 of the
19Internal Revenue Code will not be available to finance low-income housing projects
20in any year.
AB68,2527
21Section
2527. 234.45 (4) of the statutes is amended to read:
AB68,1364,322
234.45
(4) Allocation limits. In any calendar year, the aggregate amount of
23all state tax credits for which the authority certifies persons in allocation certificates
24issued under sub. (3) in that year may not exceed
$42,000,000 $100,000,000,
25including all amounts each person is eligible to claim for each year of the credit
1period, plus the total amount of all unallocated state tax credits from previous
2calendar years and plus the total amount of all previously allocated state tax credits
3that have been revoked or cancelled or otherwise recovered by the authority.
AB68,2528
4Section
2528. 238.07 (1) of the statutes is amended to read:
AB68,1364,85
238.07
(1) Annually, by
January
October 1, the board shall submit to the chief
6clerk of each house of the legislature, for distribution to the legislature under s.
713.172 (2), a report identifying the economic development projects that the board
8intends to develop and implement during the current
calendar fiscal year.
AB68,2529
9Section
2529. 238.127 (1) (a) of the statutes is repealed.
AB68,2530
10Section
2530. 238.127 (2) (intro.) of the statutes is amended to read:
AB68,1364,1711
238.127
(2) (intro.) The corporation shall establish and administer a state main
12street program to coordinate state and local participation
in programs offered by in
13accordance with guidelines of the national main street center
, created by the national
14trust for historic preservation,. The purpose of the program is to assist
15municipalities in planning, managing
, and implementing programs for the
16revitalization of
business areas. The corporation shall do downtown areas and
17historic commercial districts, including by doing all of the following:
AB68,2531
18Section
2531. 238.127 (2) (a) of the statutes is repealed.
AB68,2532
19Section
2532. 238.127 (2) (ac) of the statutes is created to read:
AB68,1364,2120
238.127
(2) (ac) Assisting communities in restoring and retaining the historic
21character of their downtown areas and historic commercial districts.
AB68,2533
22Section
2533. 238.127 (2) (ag) of the statutes is created to read:
AB68,1364,2523
238.127
(2) (ag) Promoting business investment, assisting in retaining existing
24small businesses, and promoting new businesses in downtown areas and historic
25commercial districts.
AB68,2534
1Section
2534. 238.127 (2) (an) of the statutes is created to read:
AB68,1365,22
238.127
(2) (an) Assisting in strengthening the local tax base.
AB68,2535
3Section
2535. 238.127 (2) (ar) of the statutes is created to read:
AB68,1365,54
238.127
(2) (ar) Assisting in the creation of employment opportunities in
5downtown areas and historic commercial districts.