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Bills from the 2011–12 session

Assembly Bill 532

Creating a neighborhood business revitalization loan guarantee program in the Wisconsin Housing and Economic Development Authority

Topics: Business, Housing and Economic Development Authority, Wisconsin, Real property

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.

  1. Introduced, passed

    Feb 7, 2012

  2. Committee, stopped here

    Stopped here. No public hearing was held.

  3. Assembly vote, not reached

  4. Senate vote, not reached

  5. Governor, not reached

  6. 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.

Read the bill

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What it would have done

Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.

This bill creates a Neighborhood Business Revitalization Loan Guarantee Program (program) to be administered by the Wisconsin Housing and Economic Development Authority (WHEDA). Under the program, WHEDA may guarantee repayment of a certain portion of a loan made by a private lender to an eligible borrower. The bill defines an eligible borrower as both of the following: 1) a small business with its principal place of business in this state and an annual gross revenue of less than $1,000,000 if the owner of the business or a person proposing to acquire the business is or will be actively engaged in the business and if the project proposed by the owner or prospective owner involves expanding the business (eligible business borrower); or 2) a developer if the project proposed by the developer involves developing or rehabilitating commercial real estate or mixed-use properties and the developer is actively engaged in the project.

Proceeds of a loan guaranteed under the program may be used on an eligible project, including any of the following: a) the purchase or improvement of real property by an eligible borrower; b) the expansion or acquisition of a small business by an eligible business borrower; c) the funding of leasehold improvements by an eligible business borrower; and d) the funding of permanent or revolving working capital by an eligible business borrower. An eligible business borrower may also refinance existing debt if the borrower also expands an existing business. The bill requires WHEDA to give priority to projects located in an area designated as a business area under the State Main Street Program or in an area designated as a business improvement district.

Read the full summary

WHEDA may guarantee up to the lesser of $750,000 or 75 percent of the principal of a loan if the proceeds of the loan are used on an eligible project that involves the acquisition of fixed assets or inventory or permanent working capital, and up to the lesser of $200,000 or 75 percent of the principal of a loan if the proceeds of the loan are used on an eligible project that involves revolving working capital.

Who's behind it

11 lawmakers are its ⁠. All 11 are Democrats.

5 more lawmakers ⁠.

See all 16 names

Authors (11)

Signed on in support (5)

What happened

  1. Mar 23, 2012

    The session ended, and the bill died with it.

  2. Feb 7, 2012

    Sent to the Assembly Committee on Rural Economic Development and Rural Affairs.

  3. Feb 7, 2012

    Introduced in the Assembly.

See the official record, word for word
  1. Feb 7, 2012 · Assembly

    Introduced by Representatives Clark, Bewley, C. Taylor, Zepnick, Hebl, Berceau, Roys, Sinicki, Mason, Grigsby and Fields;Cosponsored by Senators Holperin, Schultz, Risser, Hansen and Taylor

  2. Feb 7, 2012 · Assembly

    Read first time and referred to committee on Rural Economic Development and Rural Affairs

  3. 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.

More in the glossary

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

More in the glossary

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

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.

More in the glossary

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

More in the glossary

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