Skip to content

Bills · 2009-2010 Regular Session

AB 532

Became law Official bill text Atom feed

directing the Department of Commerce to award grants to community development corporations to establish capital access programs, providing an exemption from emergency rule procedures, requiring the exercise of rule-making authority, and making an appropriation.

  1. Introduced, completed
  2. Passes Assembly, completed
  3. Passes Senate, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill directs the Department of Commerce (department) to award grants to

Wisconsin Business Development Finance Corporation (corporation) for the purpose

of funding capital access programs to encourage lending to small and medium-sized

businesses and to local nonprofit agencies. The corporation may distribute grant

proceeds only to recipients with an existing portfolio of revolving loans to small

businesses and whose primary purpose and mission is the promotion of community

development in a limited geographic area of this state that is experiencing economic

distress.

Recipients of grant proceeds from the corporation must use the grant proceeds

to establish reserve pools to reduce risk to lenders. Under the bill, the corporation

must require each recipient of grant proceeds to obtain funding from sources other

than the state to match the amount of the grant proceeds received.

The bill limits the total amount of grants awarded in a fiscal year to $350,000,

and increases an appropriation of general purpose revenue to the department by

$350,000 for fiscal year 2010-11.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Barca (D) , Clark (D) , Fields (D) , Garthwaite (D) , Hixson (D) , Hraychuck (D) , Jorgensen (D) , Roys (D) , Seidel (D) , Sinicki (D) , Soletski (D) , Staskunas (D) , Steinbrink (D) , Turner (D) , Vruwink (D) , Young (D) , Zigmunt (D)

5 cosponsors

Holperin (D) , Lassa (D) , Smith and Hilgenberg , Taylor (D) , Wirch (D)

Votes

Assembly: Report Assembly Substitute Amendment 1 adoption recommended by committee on Jobs, the Economy and Small Business, Ayes 12, Noes 1

Passed 12–1 Jan 20, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly amendment 1 to Assembly substitute amendment 1 laid on table, Ayes 75, Noes 21

Passed 75–21 Jan 28, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Read a third time and passed, Ayes 96, Noes 0

Passed 96–0 Jan 28, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report concurrence recommended by committee on Small Business, Emergency Preparedness, Technical Colleges, and Consumer Protection, Ayes 5, Noes 0

Passed 5–0 Mar 9, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report introduction of Senate Amendment 1 recommended by joint committee on Finance, Ayes 15, Noes 0 by joint committee on Finance

Passed 15–0 Apr 20, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Read a third time and concurred in as amended, Ayes 29, Noes 4

Passed 29–4 Apr 22, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Oct 29, 2009 · Assembly

    Introduced by Representatives Barca, Jorgensen, Fields, Seidel, Staskunas, Hraychuck, Zigmunt, Soletski, Sinicki, Young, Roys, Clark, Vruwink, Turner, Steinbrink, Garthwaite and Hixson;Cosponsored by Senators Holperin, Wirch and Taylor

  2. Oct 29, 2009 · Assembly

    Read first time and referred to committee on Jobs, the Economy and Small Business

  3. Nov 20, 2009 · Assembly

    Fiscal estimate received

  4. Jan 5, 2010 · Assembly

    Public hearing held

  5. Jan 11, 2010 · Assembly

    Assembly substitute amendment 1 offered by Representatives Barca, Jorgensen and Molepske Jr.

  6. Jan 12, 2010 · Assembly

    Executive action taken

  7. Jan 20, 2010 · Assembly

    Report Assembly Substitute Amendment 1 adoption recommended by committee on Jobs, the Economy and Small Business, Ayes 12, Noes 1

  8. Jan 20, 2010 · Assembly

    Report passage as amended recommended by committee on Jobs, the Economy and Small Business, Ayes 12, Noes 1

  9. Jan 20, 2010 · Assembly

    Referred to committee on Rules

  10. Jan 26, 2010 · Assembly

    Placed on calendar 1-28-2010 by committee on Rules

  11. Jan 28, 2010 · Assembly

    Read a second time

  12. Jan 28, 2010 · Assembly

    Assembly amendment 1 to Assembly substitute amendment 1 offered by Representatives Krusick and Stone

  13. Jan 28, 2010 · Assembly

    Assembly amendment 1 to Assembly substitute amendment 1 laid on table, Ayes 75, Noes 21

  14. Jan 28, 2010 · Assembly

    Assembly substitute amendment 1 adopted

  15. Jan 28, 2010 · Assembly

    Representatives Smith and Hilgenberg added as coauthors

  16. Jan 28, 2010 · Assembly

    Ordered to a third reading

  17. Jan 28, 2010 · Assembly

    Rules suspended

  18. Jan 28, 2010 · Assembly

    Read a third time and passed, Ayes 96, Noes 0

  19. Jan 28, 2010 · Assembly

    Ordered immediately messaged

  20. Jan 29, 2010 · Senate

    Received from Assembly

  21. Feb 2, 2010 · Senate

    Read first time and referred to committee on Small Business, Emergency Preparedness, Technical Colleges, and Consumer Protection

  22. Feb 24, 2010 · Senate

    Public hearing held

  23. Mar 9, 2010 · Senate

    Executive action taken

  24. Mar 9, 2010 · Senate

    Report concurrence recommended by committee on Small Business, Emergency Preparedness, Technical Colleges, and Consumer Protection, Ayes 5, Noes 0

  25. Mar 9, 2010 · Senate

    Available for scheduling

  26. Apr 8, 2010 · Senate

    Referred to joint committee on Finance by committee on Senate Organization pursuant to Senate Rule 41 (1)(e)

  27. Apr 19, 2010 · Senate

    Executive action taken

  28. Apr 20, 2010 · Senate

    Report introduction of Senate Amendment 1 recommended by joint committee on Finance, Ayes 15, Noes 0 by joint committee on Finance

  29. Apr 20, 2010 · Senate

    Report adoption of Senate Amendment 1 recommended by joint committee on Finance, Ayes 14, Noes 1

  30. Apr 20, 2010 · Senate

    Report introduction of Senate Amendment 2 recommended by joint committee on Finance, Ayes 15, Noes 0 by joint committee on Finance

  31. Apr 20, 2010 · Senate

    Report adoption of Senate Amendment 2 recommended by joint committee on Finance, Ayes 11, Noes 4

  32. Apr 20, 2010 · Senate

    Report passage as amended recommended by joint committee on Finance, Ayes 15, Noes 0

  33. Apr 20, 2010 · Senate

    Available for scheduling

  34. Apr 21, 2010 · Senate

    Placed on calendar 4-22-2010 pursuant to Senate Rule 18(1)

  35. Apr 22, 2010 · Senate

    Senator Lassa added as a cosponsor

  36. Apr 22, 2010 · Senate

    Read a second time

  37. Apr 22, 2010 · Senate

    Senate amendment 1 adopted

  38. Apr 22, 2010 · Senate

    Senate amendment 2 adopted

  39. Apr 22, 2010 · Senate

    Ordered to a third reading

  40. Apr 22, 2010 · Senate

    Rules suspended

  41. Apr 22, 2010 · Senate

    Read a third time and concurred in as amended, Ayes 29, Noes 4

  42. Apr 22, 2010 · Senate

    Ordered immediately messaged

  43. Apr 22, 2010 · Assembly

    Received from Senate amended and concurred in as amended (Senate amendments 1 and 2 adopted)

  44. Apr 22, 2010 · Assembly

    Senate amendment 1 concurred in

  45. Apr 22, 2010 · Assembly

    Senate amendment 2 concurred in

  46. Apr 22, 2010 · Assembly

    Action ordered immediately messaged

  47. May 4, 2010 · Assembly

    Report correctly enrolled

  48. May 6, 2010 · Assembly

    Presented to the Governor on 5-6-2010

  49. May 10, 2010 · Assembly

    Report approved by the Governor on 5-10-2010. 2009 Wisconsin Act 268

  50. May 11, 2010 · Assembly

    Published 5-24-2010