560.037(1)(a) (a) The women's business initiative corporation submits a plan to the department for each grant detailing the proposed use of the grant and the secretary approves the plan.

560.037(1)(b) (b) The women's business initiative corporation enters into a written agreement with the department that specifies the conditions for use of the grant proceeds, including reporting and auditing requirements.

560.037(1)(c) (c) The women's business initiative corporation agrees in writing to provide services to individuals throughout the state.

560.037(1)(d) (d) The women's business initiative corporation agrees in writing to submit to the department the report required under sub. (2) by the time required under sub. (2).

560.04(2)(a) (a) Review proposed changes in local government boundaries and evaluate and recommend to communities involved those changes which are in the best interest of the state and the communities involved.

560.04(2)(b) (b) Cooperate with and provide technical assistance to county, town, village, city and regional planning commissions and their governing bodies, community development groups, and similar agencies created for the purposes of aiding and encouraging orderly, productive and coordinated economic and community development in the state and assuring a productive and coordinated state-local relationship.

560.04(2)(c) (c) Encourage and, when requested, assist the efforts of local governments to develop mutual and cooperative solutions to their common problems.

560.04(2)(e) (e) Consult with and encourage participation by private groups, individuals, and organizations in carrying out the purposes of the department.

560.04(2)(g) (g) Establish and operate a community development and local government clearinghouse to facilitate the exchange of information between other state and federal agencies and units of local government.

560.04(2)(h) (h) Identify for the governor's attention those significant state-local relations problems, including economic development, which may be relieved by state action.

560.04(2)(j) (j) Administer grant programs related to economic or community development, including economic development assistance programs and urban development comprehensive planning grants affecting local government, business or industry, to assist and strengthen local, regional and state economic and community development and support experimental and cooperative activities and intergovernmental relations, training of local government officials and personnel, and other activities consistent with the purposes of this chapter.

560.047(1)(a) (a) "Administrator" means Wisconsin Business Development Finance Corporation or an entity that is under contract with Wisconsin Business Development Finance Corporation to administer all or any portion of the program.

560.047(1)(b) (b) "Bank" means either of the following:

560.047(1)(c) (c) "Borrower" means any organization or enterprise, operated for profit or not for profit, that fulfills all of the following conditions:

560.047(1)(d) (d) "Eligible project" means any business purpose in this state except any of the following:

560.047(1)(e) (e) "Participating bank" means a bank that enters into an agreement with the administrator and makes loans under the program.

560.047(1)(f) (f) "Program" means the capital access program under this section.

560.047(1)(g) (g) "Reserve funds" means premiums contributed under sub. (2) (d) and interest accrued on the premiums.

560.047(2)(a) (a) The administrator enters into written agreements with banks desiring to participate in the program that specify the rights and obligations of the administrator and a participating bank under the program.

560.047(2)(b) (b) The administrator develops a standard agreement form for use with banks desiring to participate in the program and any other standard forms necessary for use in the program.

560.047(2)(c) (c) Under the program, a participating bank makes loans to borrowers for eligible projects for which financing might not otherwise be available due to the borrowers' lack of adequate collateral, net worth, or credit history.

560.047(2)(d) (d) Whenever a participating bank makes a loan under the program, the borrower and the participating bank each contribute a premium in an amount determined by the participating bank, but not less than 1.5 percent nor more than 3.5 percent of the principal amount of the loan or the principal amount of the loan to be covered under the program. The administrator contributes a premium in an amount not less than 100 percent nor more than 150 percent of the total combined premium paid by the borrower and the participating bank and deposits all of the premiums into an account at the participating bank that contains the premiums, and interest accrued on those premiums, and that may also contain premiums and interest under a capital access program administered by Milwaukee Economic Development Corporation, from all of the loans made under the program by that participating bank.

560.047(2)(e) (e) Reserve funds are owned and controlled by the administrator but reserved for the use of the participating bank that made the loans represented by the reserve funds.

560.047(2)(f) (f) A participating bank may enroll a loan in the program only if the administrator approves the enrollment of the loan after reviewing an application submitted by the bank.

560.047(2)(g) (g) A refinanced prior loan to a borrower for an eligible project may not be enrolled in the program except to the extent of any additional funds loaned to the borrower.

560.047(2)(h) (h) Reserve funds held by a participating bank may not be withdrawn for use by the participating bank except in case of a loss on a loan that is enrolled in the program.

560.047(2)(i) (i) In case of a loss on a loan that is enrolled in the program, the participating bank submits a claim to the administrator. The amount of the claim, up to the total amount of reserve funds held by the bank, may not exceed the amount of the loan's principal covered under the program and actually charged off by the participating bank, plus accrued interest and verifiable out-of-pocket collection expenses.

560.047(2)(j) (j) The administrator is subrogated to the rights of a participating bank to recover against a borrower, including the right to enforce a security interest in collateral.

560.047(2)(k) (k) Each participating bank agrees to reimburse the administrator for any funds, less out-of-pocket expenses, paid to the bank from its reserve funds that are later recovered by the bank.

560.047(2)(L) (L) Each participating bank files a report with the administrator, at times requested by the administrator, listing the outstanding balance for each loan enrolled by the bank in the program.

560.047(2)(m) (m) Upon notice to a bank, the administrator may inspect the records and files of the bank relating to any enrolled or charged-off loan.

560.047(2)(n) (n) Wisconsin Business Development Finance Corporation may contract with a 3rd party to administer the program or any portion of the program, if the 3rd party has as its primary purpose and mission the promotion of community development, is described in section 501 (c) (3) of the Internal Revenue Code, and is exempt from federal tax under section 501 (a) of the Internal Revenue Code.

560.047(2)(o) (o) Wisconsin Business Development Finance Corporation may withdraw up to 50 percent of the interest component of reserve funds and may use the moneys withdrawn to promote the program and to contract with a 3rd party to administer the program.

560.047(2)(p) (p) The administrator may terminate a participating bank's right to make any new loans under the program.

560.047(2)(q) (q) The administrator may not pay more than $150,000 into a bank's reserve funds on behalf of any borrower in a 3-year period unless it has given written approval in advance.

560.047(2)(r) (r) No grant may be awarded under this subsection after November 1, 2010.

560.047(3)(a) (a) No later than December 31, 2011, an interim report on the effects of the program.

560.047(3)(b) (b) No later than June 30, 2013, a comprehensive evaluation of the program.

560.05(1)(a) (a) The term "corporation" in relation to any conveyance, lease or sublease made under sub. (2) means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

560.05(1)(b) (b) "Existing building" in relation to any conveyance, lease or sublease made under sub. (2) means all administrative buildings, all storage facilities and garages, all buildings used for exhibition or promotional events for agricultural, industrial, educational, recreational or athletic purposes and such other buildings, structures, facilities and permanent improvements as in the judgment of the department are needed or useful and all equipment therefor and all improvements and additions thereto which were erected, constructed or installed prior to the making of such conveyance, lease or sublease.

560.05(1)(c) (c) "New building" in relation to any conveyance, lease or sublease made under sub. (2) means all administrative buildings, all storage facilities and garages, all buildings used for exhibition or promotional events for agricultural, industrial, educational, recreational or athletic purposes and such other buildings, structures, facilities and permanent improvements as in the judgment of the department are needed or useful and all equipment therefor and all improvements and additions thereto which are erected, constructed or installed after the making of such conveyance, lease or sublease.

560.05(2)(a) (a) Without limitation by reason of any other provisions of the statutes, the power to sell and to convey title in fee simple to a corporation any land and any existing buildings thereon owned by or owned by the state and held for the department for such consideration and upon such terms and conditions as in the judgment of the department are in the public interest.

560.05(2)(b) (b) The power to lease to a corporation for terms not exceeding 50 years each any land and any existing buildings thereon owned by or owned by the state and held for the department upon such terms and conditions as in the judgment of the department are in the public interest.

560.05(2)(c) (c) The power to lease or sublease from a corporation and to make available for public use any such land and existing buildings conveyed or leased to such corporation under pars. (a) and (b) and any new buildings erected on such land or on any other land owned by such corporation, upon such terms, conditions and rentals, subject to available appropriations, as in the judgment of the department are in the public interest.

560.05(2)(d) (d) The duty to submit the plans and specifications for all such new buildings and all conveyances, leases and subleases made under this section to the department of administration and the governor for written approval before they are finally adopted, executed and delivered.

560.05(2)(e) (e) The power to pledge and assign all or any part of the revenues derived from the operation of such new buildings as security for the payment of rentals due and to become due under any lease or sublease of such new buildings under par. (c).

560.05(2)(f) (f) The power to covenant and agree in any lease or sublease of such new buildings made under par. (c) to impose fees, rentals or other charges for the use and occupancy or other operation of such new buildings in an amount calculated to produce net rentals sufficient to pay the rentals due and to become due under such lease or sublease.

560.05(2)(g) (g) The power to covenant and agree in any lease or sublease made under par. (c) to impose fees, rentals or other charges for the use and occupancy or other operation of existing buildings in an amount calculated to produce net rentals sufficient to pay the rentals due and to become due under such lease or sublease.

560.05(2)(h) (h) The power and duty, upon receipt of notice of any assignment by a corporation of any lease or sublease made under par. (c), or of any of its rights under any such sublease, to recognize and give effect to such assignment, and to pay to the assignee thereof rentals or other payments then due or which may become due under any such lease or sublease which has been so assigned by such corporation.