AB741,9,1615 (b) Establish at least one quantifiable benchmark for each program goal
16described in par. (a).
AB741,9,2017 (c) Require that each recipient of a grant or loan under the program submit a
18report to the department. Each contract with a recipient of a grant or loan under the
19program shall specify the frequency and format of the report to be submitted to the
20department and the performance measures to be included in the report.
AB741,9,2321 (d) Establish a method for evaluating the projected results of the program with
22actual outcomes as determined by evaluating the information described in pars. (a)
23and (b).
AB741,9,2524 (e) Annually and independently verify, from a sample of grants and loans, the
25accuracy of the information required to be reported under par. (c).
AB741,10,8
1(f) Establish by rule a requirement that the recipient of a grant or loan under
2the program of at least $100,000 submit to the department a verified statement
3signed by both an independent certified public accountant licensed or certified under
4ch. 442 and the director or principal officer of the recipient to attest to the accuracy
5of the verified statement, and make available for inspection the documents
6supporting the verified statement. The department shall include the requirement
7established by rule under this paragraph in the contract entered into by a grant or
8loan recipient.
AB741,10,139 (g) Establish by rule policies and procedures permitting the department to do
10all of the following if a recipient of a grant or loan or tax benefits under the program
11submits false or misleading information to the department or fails to comply with the
12terms of a contract entered into with the department under the program and fails to
13provide to the satisfaction of the department an explanation for the noncompliance:
AB741,10,1414 1. Recoup payments made to the recipient.
AB741,10,1515 2. Withhold payments to be made to the recipient.
AB741,10,1616 3. Impose a fine or penalty on the recipient.
AB741, s. 13 17Section 13. 23.169 of the statutes is created to read:
AB741,10,25 1823.169 Economic development assistance reporting. Annually, no later
19than October 1, the department shall submit to the joint legislative audit committee
20and to the appropriate standing committees of the legislature under s. 13.172 (3) a
21comprehensive report assessing economic development programs, as defined in s.
2223.167 (1), administered by the department. The report shall include all of the
23information required under s. 560.01 (2) (am). The department shall collaborate
24with the department of commerce to make readily accessible to the public on an
25Internet-based system the information required under this section.
AB741, s. 14
1Section 14. 25.17 (1) (hm) of the statutes is amended to read:
AB741,11,32 25.17 (1) (hm) Industrial building construction loan fund (s. 560.10, 2005
3stats.
);
AB741, s. 15 4Section 15. 36.09 (1) (am) of the statutes is created to read:
AB741,11,75 36.09 (1) (am) The board, in consultation with the department of commerce,
6shall do all of the following for each economic development program, as defined in
7s. 36.11 (29r) (a), administered by the board:
AB741,11,98 1. Establish clear and measurable goals for the program that are tied to
9statutory policy objectives.
AB741,11,1110 2. Establish at least one quantifiable benchmark for each program goal
11described in subd. 1.
AB741,11,1512 3. Require that each recipient of a grant or loan under the program submit a
13report to the board. Each contract with a recipient of a grant or loan under the
14program shall specify the frequency and format of the report to be submitted to the
15board and the performance measures to be included in the report.
AB741,11,1816 4. Establish a method for evaluating the projected results of the program with
17actual outcomes as determined by evaluating the information described in subds. 1.
18and 2.
AB741,11,2019 5. Annually and independently verify, from a sample of grants and loans, the
20accuracy of the information required to be reported under subd. 3.
AB741,12,221 6. Establish by rule a requirement that the recipient of a grant or loan under
22the program of at least $100,000 submit to the board a verified statement signed by
23both an independent certified public accountant licensed or certified under ch. 442
24and the director or principal officer of the recipient to attest to the accuracy of the
25verified statement, and make available for inspection the documents supporting the

1verified statement. The board shall include the requirement established by rule
2under this subdivision in the contract entered into by a grant or loan recipient.
AB741,12,73 7. Establish by rule policies and procedures permitting the board to do all of
4the following if a recipient of a grant or loan or tax benefits under the program
5submits false or misleading information to the board or fails to comply with the terms
6of a contract entered into with the board under the program and fails to provide to
7the satisfaction of the board an explanation for the noncompliance:
AB741,12,88 a. Recoup payments made to the recipient.
AB741,12,99 b. Withhold payments to be made to the recipient.
AB741,12,1010 c. Impose a fine or penalty on the recipient.
AB741, s. 16 11Section 16. 36.11 (29r) of the statutes is created to read:
AB741,12,1612 36.11 (29r) Economic development assistance reporting. (a) In this
13subsection, "economic development program" means a program or activity having
14the primary purpose of encouraging the establishment and growth of business in this
15state, including the creation and retention of jobs, and that satisfies all of the
16following:
AB741,12,1817 1. The program receives funding from the state or federal government that is
18allocated through an appropriation under ch. 20.
AB741,12,2019 2. The program provides financial assistance, tax benefits, or direct services to
20specific industries, businesses, local governments, or organizations.
AB741,13,221 (b) Annually, no later than October 1, the board shall submit to the joint
22legislative audit committee and to the appropriate standing committees of the
23legislature under s. 13.172 (3) a comprehensive report assessing economic
24development programs administered by the board. The report shall include all of the
25information required under s. 560.01 (2) (am). The board shall collaborate with the

1department of commerce to make readily accessible to the public on an
2Internet-based system the information required under this subsection.
AB741, s. 17 3Section 17. 38.04 (1m) of the statutes is created to read:
AB741,13,84 38.04 (1m) Goals and accountability measures for economic development
5programs.
(a) In this subsection, "economic development program" means a program
6or activity having the primary purpose of encouraging the establishment and growth
7of business in this state, including the creation and retention of jobs, and that
8satisfies all of the following:
AB741,13,109 1. The program receives funding from the state or federal government that is
10allocated through an appropriation under ch. 20.
AB741,13,1211 2. The program provides financial assistance, tax benefits, or direct services to
12specific industries, businesses, local governments, or organizations.
AB741,13,1413 (b) The board, in consultation with the department of commerce, shall do all
14of the following for each economic development program administered by the board:
AB741,13,1615 1. Establish clear and measurable goals for the program that are tied to
16statutory policy objectives.
AB741,13,1817 2. Establish at least one quantifiable benchmark for each program goal
18described in subd. 1.
AB741,13,2219 3. Require that each recipient of a grant or loan under the program submit a
20report to the board. Each contract with a recipient of a grant or loan under the
21program shall specify the frequency and format of the report to be submitted to the
22board and the performance measures to be included in the report.
AB741,13,2523 4. Establish a method for evaluating the projected results of the program with
24actual outcomes as determined by evaluating the information described in subds. 1.
25and 2.
AB741,14,2
15. Annually and independently verify, from a sample of grants and loans, the
2accuracy of the information required to be reported under subd. 3.
AB741,14,93 6. Establish by rule a requirement that the recipient of a grant or loan under
4the program of at least $100,000 submit to the board a verified statement signed by
5both an independent certified public accountant licensed or certified under ch. 442
6and the director or principal officer of the recipient to attest to the accuracy of the
7verified statement, and make available for inspection the documents supporting the
8verified statement. The board shall include the requirement established by rule
9under this subdivision in the contract entered into by a grant or loan recipient.
AB741,14,1410 7. Establish by rule policies and procedures permitting the board to do all of
11the following if a recipient of a grant or loan or tax benefits under the program
12submits false or misleading information to the board or fails to comply with the terms
13of a contract entered into with the board under the program and fails to provide to
14the satisfaction of the board an explanation for the noncompliance:
AB741,14,1515 a. Recoup payments made to the recipient.
AB741,14,1616 b. Withhold payments to be made to the recipient.
AB741,14,1717 c. Impose a fine or penalty on the recipient.
AB741, s. 18 18Section 18. 38.04 (10m) of the statutes is created to read:
AB741,15,219 38.04 (10m) Economic development assistance reporting. Annually, no later
20than October 1, the board shall submit to the joint legislative audit committee and
21to the appropriate standing committees of the legislature under s. 13.172 (3) a
22comprehensive report assessing economic development programs, as defined in sub.
23(1m) (a), administered by the board. The report shall include all of the information
24required under s. 560.01 (2) (am). The board shall collaborate with the department

1of commerce to make readily accessible to the public on an Internet-based system
2the information required under this subsection.
AB741, s. 19 3Section 19. 41.11 (1g) of the statutes is created to read:
AB741,15,84 41.11 (1g) Goals and accountability measures for economic development
5programs.
(a) In this subsection, "economic development program" means a program
6or activity having the primary purpose of encouraging the establishment and growth
7of business in this state, including the creation and retention of jobs, and that
8satisfies all of the following:
AB741,15,109 1. The program receives funding from the state or federal government that is
10allocated through an appropriation under ch. 20.
AB741,15,1211 2. The program provides financial assistance, tax benefits, or direct services to
12specific industries, businesses, local governments, or organizations.
AB741,15,1513 (b) The department, in consultation with the department of commerce, shall
14do all of the following for each economic development program administered by the
15department:
AB741,15,1716 1. Establish clear and measurable goals for the program that are tied to
17statutory policy objectives.
AB741,15,1918 2. Establish at least one quantifiable benchmark for each program goal
19described in subd. 1.
AB741,15,2320 3. Require that each recipient of a grant or loan under the program submit a
21report to the department. Each contract with a recipient of a grant or loan under the
22program shall specify the frequency and format of the report to be submitted to the
23department and the performance measures to be included in the report.
AB741,16,3
14. Establish a method for evaluating the projected results of the program with
2actual outcomes as determined by evaluating the information described in subds. 1.
3and 2.
AB741,16,54 5. Annually and independently verify, from a sample of grants and loans, the
5accuracy of the information required to be reported under subd. 3.
AB741,16,136 6. Establish by rule a requirement that the recipient of a grant or loan under
7the program of at least $100,000 submit to the department a verified statement
8signed by both an independent certified public accountant licensed or certified under
9ch. 442 and the director or principal officer of the recipient to attest to the accuracy
10of the verified statement, and make available for inspection the documents
11supporting the verified statement. The department shall include the requirement
12established by rule under this subdivision in the contract entered into by a grant or
13loan recipient.
AB741,16,1814 7. Establish by rule policies and procedures permitting the department to do
15all of the following if a recipient of a grant or loan or tax benefits under the program
16submits false or misleading information to the department or fails to comply with the
17terms of a contract entered into with the department under the program and fails to
18provide to the satisfaction of the department an explanation for the noncompliance:
AB741,16,1919 a. Recoup payments made to the recipient.
AB741,16,2020 b. Withhold payments to be made to the recipient.
AB741,16,2121 c. Impose a fine or penalty on the recipient.
AB741, s. 20 22Section 20. 41.11 (1r) of the statutes is created to read:
AB741,17,523 41.11 (1r) Economic development assistance reporting. Annually, no later
24than October 1, the department shall submit to the joint legislative audit committee
25and to the appropriate standing committees of the legislature under s. 13.172 (3) a

1comprehensive report assessing economic development programs, as defined in sub.
2(1g) (a), administered by the department. The report shall include all of the
3information required under s. 560.01 (2) (am). The department shall collaborate with
4the department of commerce to make readily accessible to the public on an
5Internet-based system the information required under this subsection.
AB741, s. 21 6Section 21. 84.01 (6m) of the statutes is created to read:
AB741,17,117 84.01 (6m) Goals and accountability measures for economic development
8programs.
(a) In this subsection, "economic development program" means a program
9or activity having the primary purpose of encouraging the establishment and growth
10of business in this state, including the creation and retention of jobs, and that
11satisfies all of the following:
AB741,17,1312 1. The program receives funding from the state or federal government that is
13allocated through an appropriation under ch. 20.
AB741,17,1514 2. The program provides financial assistance, tax benefits, or direct services to
15specific industries, businesses, local governments, or organizations.
AB741,17,1816 (b) The department, in consultation with the department of commerce, shall
17do all of the following for each economic development program administered by the
18department:
AB741,17,2019 1. Establish clear and measurable goals for the program that are tied to
20statutory policy objectives.
AB741,17,2221 2. Establish at least one quantifiable benchmark for each program goal
22described in subd. 1.
AB741,18,223 3. Require that each recipient of a grant or loan under the program submit a
24report to the department. Each contract with a recipient of a grant or loan under the

1program shall specify the frequency and format of the report to be submitted to the
2department and the performance measures to be included in the report.
AB741,18,53 4. Establish a method for evaluating the projected results of the program with
4actual outcomes as determined by evaluating the information described in subds. 1
5and 2.
AB741,18,76 5. Annually and independently verify, from a sample of grants and loans, the
7accuracy of the information required to be reported under subd. 3.
AB741,18,158 6. Establish by rule a requirement that the recipient of a grant or loan under
9the program of at least $100,000 submit to the department a verified statement
10signed by both an independent certified public accountant licensed or certified under
11ch. 442 and the director or principal officer of the recipient to attest to the accuracy
12of the verified statement, and make available for inspection the documents
13supporting the verified statement. The department shall include the requirement
14established by rule under this subdivision in the contract entered into by a grant or
15loan recipient.
AB741,18,2016 7. Establish by rule policies and procedures permitting the department to do
17all of the following if a recipient of a grant or loan or tax benefits under the program
18submits false or misleading information to the department or fails to comply with the
19terms of a contract entered into with the department under the program and fails to
20provide to the satisfaction of the department an explanation for the noncompliance:
AB741,18,2121 a. Recoup payments made to the recipient.
AB741,18,2222 b. Withhold payments to be made to the recipient.
AB741,18,2323 c. Impose a fine or penalty on the recipient.
AB741, s. 22 24Section 22. 84.01 (11m) of the statutes is created to read:
AB741,19,8
184.01 (11m) Economic development assistance reporting. Annually, no later
2than October 1, the department shall submit to the joint legislative audit committee
3and to the appropriate standing committees of the legislature under s. 13.172 (3) a
4comprehensive report assessing economic development programs, as defined in sub.
5(6m) (a), administered by the department. The report shall include all of the
6information required under s. 560.01 (2) (am). The department shall collaborate
7with the department of commerce to make readily accessible to the public on an
8Internet-based system the information required under this subsection.
AB741, s. 23 9Section 23. 93.07 (18) of the statutes is created to read:
AB741,19,1410 93.07 (18) Goals and accountability measures for economic development
11programs.
(a) In this subsection, "economic development program" means a program
12or activity having the primary purpose of encouraging the establishment and growth
13of business in this state, including the creation and retention of jobs, and that
14satisfies all of the following:
AB741,19,1615 1. The program receives funding from the state or federal government that is
16allocated through an appropriation under ch. 20.
AB741,19,1817 2. The program provides financial assistance, tax benefits, or direct services to
18specific industries, businesses, local governments, or organizations.
AB741,19,2119 (b) In consultation with the department of commerce, to do all of the following
20for each economic development program administered by the department of
21agriculture, trade and consumer protection:
AB741,19,2322 1. Establish clear and measurable goals for the program that are tied to
23statutory policy objectives.
AB741,19,2524 2. Establish at least one quantifiable benchmark for each program goal
25described in subd. 1.
AB741,20,4
13. Require that each recipient of a grant or loan under the program submit a
2report to the department. Each contract with a recipient of a grant or loan under the
3program shall specify the frequency and format of the report to be submitted to the
4department and the performance measures to be included in the report.
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