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Bills · 2011-2012 Regular Session

SB 52

Died at session end Official bill text Atom feed

requiring the Wisconsin Economic Development Corporation to issue bonds and notes to raise capital for investment by venture capital funds in Wisconsin businesses.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill requires the Wisconsin Economic Development Corporation

(corporation) to issue bonds and notes to raise not more than $100,000,000 for

investment in Wisconsin businesses on behalf of the corporation by up to ten venture

capital funds. The corporation must provide the capital to venture capital funds that

agree to invest the capital on behalf of the corporation in Wisconsin businesses in

various industry sectors and in different stages of development; to require a business

in which the capital is to be invested to raise funds from sources other than the state

or the corporation in an amount equal to four times the amount of capital to be

invested on behalf of the corporation; and to maintain offices, staff, and investment

in this state.

Sponsors

Introduced by: Erpenbach (D) , Hansen (D) , Holperin (D) , Jauch (D) , Lassa (D) , Miller (D) , Taylor (D) , Vinehout (D)

4 cosponsors

Berceau (D) , Clark (D) , Sinicki (D) , Vruwink (D)

Full history

  1. Apr 1, 2011 · Senate

    Introduced by Senators Lassa, Hansen, Holperin, Vinehout, Jauch, Miller, Taylor and Erpenbach;Cosponsored by Representatives Berceau, Vruwink, Clark and Sinicki

  2. Apr 1, 2011 · Senate

    Read first time and referred to committee on Economic Development and Veterans and Military Affairs

  3. Mar 23, 2012 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1