Assembly Bill 375
The Wisconsin Housing and Economic Development Authority's development reserve fund and small business and agricultural production loan guarantee programs
Topics: Agricultural credit, Business, Debt, Public, Housing and Economic Development Authority, Wisconsin, Industrial development, Loan
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Nov 14, 2011
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 23, 2012: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Rural Economic Development and Rural Affairs. See every bill that never got a hearing this session.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill makes certain changes to loan guarantees made by the Wisconsin Housing and Economic Development Authority (WHEDA).
Under current law, WHEDA may guarantee repayment of a portion of the principal of a loan to a Wisconsin business employing 50 or fewer employees on a full-time basis if the proceeds of the loan are used for the expansion or acquisition of a business, the start-up of a child care business, or the start-up of a small business in a vacant storefront located in the downtown area of a rural community (small business loan guarantee). A small business loan guarantee may not exceed 80 percent of the principal of a loan or $200,000, whichever is less.
Read the full summary Show less
The bill deletes the start-up of a child care business as an eligible use of loan proceeds subject to a small business loan guarantee, and the bill adds as an eligible use the start-up of a small business engaged in manufacturing, processing, contracting, agriculture, forestry, or providing services. The bill also raises the maximum limit of a small business loan guarantee to $750,000.
Also under current law, WHEDA may guarantee a loan that meets certain conditions to a farmer to finance farming-related expenses (agricultural production loan guarantee). The term of a loan eligible for an agricultural production loan guarantee may not extend past March 31 of the calendar year following the calendar year in which the loan is made. The bill extends the eligible loan term to December 31 of the calendar year following the calendar year in which the loan is made.
Finally, under current law, small business loan guarantees and agricultural production loan guarantees, in addition to other kinds of loans guaranteed by WHEDA, are funded by the Wisconsin development reserve fund, which is administered by WHEDA. The total amount of loans that may be guaranteed by WHEDA under all loan guarantee programs funded by the Wisconsin development reserve fund is $49,500,000. Annually on June 30, the balance remaining in the Wisconsin development reserve fund transfers to the general fund.
The bill raises the total limit of the Wisconsin development reserve fund to $115,000,000. The bill also establishes a $15,000,000 bonding limit for WHEDA for all small business loan guarantees and agricultural production loan guarantees combined. Any excess amounts raised by WHEDA under bonds for small business loan guarantees and agricultural production loan guarantees are not transferred to the general fund annually on June 30, but remain in the Wisconsin development reserve fund.
Who's behind it
10 lawmakers are its . All 10 are Democrats.
5 more lawmakers .
See all 15 names Hide the names
Authors (10)
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Janet Bewley · Democrat, Senate
- Fred Clark · Democrat, Assembly
- Jason Fields · Democrat, Assembly
- Gary Hebl · Democrat, Assembly
- Nick Milroy · Democrat, Assembly
- Mark Pocan · Democrat, Assembly
- Kelda Roys · Democrat, Senate
- Tony Staskunas · Democrat, Assembly
Signed on in support (5)
- Dave Hansen · Democrat, Senate
- Jim Holperin · Democrat, Senate
- Mark Miller · Democrat, Senate
- Spencer Coggs · Democrat, Senate
- Lena Taylor · Democrat, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Mar 23, 2012
The session ended, and the bill died with it.
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Jan 6, 2012
A state agency sent in its estimate of the cost.
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Nov 14, 2011
Sent to the Assembly Committee on Rural Economic Development and Rural Affairs.
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Nov 14, 2011
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Nov 14, 2011 · Assembly
Introduced by Representatives Clark, Fields, Barca, Hebl, Staskunas, Pocan, Roys, Milroy, Berceau and Bewley;Cosponsored by Senators Holperin, Hansen, S. Coggs, Taylor and Miller
- Nov 14, 2011 · Assembly
Read first time and referred to committee on Rural Economic Development and Rural Affairs
- Jan 6, 2012 · Assembly
Fiscal estimate received
- Mar 23, 2012 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate