AB651,4,1918 (d) The department of revenue may not credit amounts under this section on
19or after December 31, 2022.

AB651,4,21 21238.14 Clean technology grants. (1) Definitions. In this section:

AB651,4,2322 (a) "Certified clean technology company" means a person certified by the
23corporation under sub. (3).

AB651,4,2424 (b) "Qualifying company" has the meaning given in s. 73.16 (1).

AB651,5,2

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1(c) "Research institution" means an entity located and operating in this state
2that is any of the following:

AB651,5,33 1. A nonprofit, accredited institution of higher education.

AB651,5,44 2. A nonprofit teaching hospital.

AB651,5,55 3. A private, nonprofit medical and research center.

AB651,5,106 (d) "Technology transfer organization" means an entity located and operating
7in this state that is affiliated with a research institution that arranges for the sale
8or licensure of a clean technology research project to a third-party entity, which is
9commonly a commercial enterprise, and to which the research institution has
10delegated the responsibility for technology transfer.

AB651,5,15 11(2) Grants. (a) The corporation shall develop and implement a program to
12award clean technology grants to certified clean technology companies, research
13institutions, and technology transfer organizations from the appropriation under s.
1420.192 (1) (g) for the purpose of developing clean technologies with the intent of
15accelerating the development of new products and services.

AB651,5,2016 (b) Before awarding a grant to a certified clean technology company under the
17program established under par. (a), the corporation shall enter into a contract with
18the certified clean technology company. In addition to any other terms required or
19negotiated by the corporation, the contract shall include all of the following
20conditions:

AB651,5,2321 1. The certified clean technology company shall use the grant for research and
22development related to clean technology or clean technology research methods, as
23determined by the corporation.

AB651,6,3

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12. Unless approved by the corporation, the certified clean technology company
2may not relocate its headquarters outside of this state during the term of the contract
3under this paragraph.

AB651,6,74 (c) The corporation may charge a fee to a research institution or technology
5transfer organization that applies for a grant under the program established under
6par. (a) or to an applicant for certification under sub. (3). Fees collected under this
7paragraph shall be credited to the appropriation account under s. 20.192 (1) (g).

AB651,6,10 8(3) Certified clean technology companies. (a) Application. A person may
9apply to the corporation on a form prescribed by the corporation for certification
10under this subsection. The application shall include all of the following:

AB651,6,1111 1. The name, address, and tax identification number of the person.

AB651,6,1312 2. A description of the principal business activities of the person and the
13locations at which those activities are conducted.

AB651,6,1614 3. The person's principal business activity code under the North American
15Industry Classification System, 2007 edition, published by the federal office of
16management and budget.

AB651,6,1717 4. Any other information the corporation requires.

AB651,6,2018 (b) Certification. The corporation may certify a person that submits an
19application under par. (a) to be eligible to receive a grant under this section if the
20corporation determines that the person meets all of the following conditions:

AB651,6,2121 1. The person is a qualifying company.

AB651,6,2322 2. The person is headquartered in, and has its principal business operations
23located in, this state.

AB651,6,2524 3. The person, including any affiliate, employees at least 75 percent of its
25employees in this state.

AB651,7,1

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14. The person is in need of capital.

AB651,7,52 5. The person is developing clean technology or clean technology research
3methods, as determined by the corporation, and the person demonstrates to the
4corporation's satisfaction that the person has the potential to generate high levels of
5successful investment performance and to increase employment in this state.

AB651,7,66 6. The person meets any other conditions established by the corporation.

AB651,7,9 7(4) Policies and procedures. The corporation shall establish policies and
8procedures for the administration of this section, including policies and procedures
9related to all of the following:

AB651,7,1110 (a) Criteria for determining the amount of individual grants awarded under the
11program established under sub. (2).

AB651,7,1312 (b) Eligibility criteria for awarding grants to research institutions and
13technology transfer organizations under the program established under sub. (2).