Senate Bill 219
Agricultural development loan guarantee program administered by the Wisconsin Housing and Economic Development Authority. (FE)
Became law
The governor signed it on Nov 26, 2019. It's .
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Introduced, passed
May 23, 2019
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Committee, passed
Approved
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Senate vote, passed
Passed Jun 5, 2019
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Assembly vote, passed
Passed Nov 7, 2019
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Governor, passed
Signed
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Law, here now
2019 Wisconsin Act 62
Latest entry in the official record, Nov 26, 2019: “Published 11-26-2019”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill makes several changes to the agricultural development loan guarantee program administered by the Wisconsin Housing and Economic Development Authority and establishes a pilot loan guarantee program within the agricultural development loan guarantee program.
Under WHEDA's existing program, WHEDA may guarantee certain loans made by private lenders for working capital or to finance a physical plant, machinery or equipment, or marketing expenses, used to process or market a product from a raw agricultural commodity produced in this state or to commercially harvest whitefish from Lake Superior. WHEDA may guarantee any amount up to 90 percent of the principal of an eligible loan and may establish a single guarantee percentage for all guaranteed loans or establish different percentages for different eligible loans.
Read the full summary Show less
However, WHEDA is prohibited from guaranteeing a loan if the total guaranteed principal of all loans to the borrower under the program would exceed $750,000, or $100,000 if the loan is for working capital or an item used to commercially harvest whitefish from Lake Superior. Generally, the term of a loan guarantee under the program may not exceed 15 years.
This bill makes the following changes to WHEDA's existing agricultural development loan guarantee program:
1. The term of a loan guarantee may not exceed ten years for land and buildings;
five years for inventory, equipment, and machinery; and two years for permanent working capital and marketing expenses.
2. The closing fee for a loan guarantee under the program may not exceed 1.5 percent. Current law does not address closing fees.
Additionally, the bill requires WHEDA to allocate $3,000,000 to a pilot program under which WHEDA may guarantee collection of 25 percent of the principal of an eligible loan or $750,000, whichever is less. The fixed amount guaranteed is payable to the lender for the entire term of the guarantee regardless of when a default occurs, if a default occurs. In all other respects, a loan guarantee under the pilot program is subject to the requirements of the existing program, as affected by the bill. The pilot program sunsets as of July 1, 2024.
Who's behind it
7 senators are its . 4 are Republicans and 3 are Democrats.
20 more lawmakers .
See all 27 names Hide the names
Authors (7)
- Kathleen Bernier · Republican, Senate
- Janet Bewley · Democrat, Senate
- Howard Marklein · Republican, Senate
- Steve Nass · Republican, Senate
- Patty Schachtner · Democrat, Senate
- Jeff Smith · Democrat, Senate
- Thomas Tiffany · Republican, Senate
Signed on in support (20)
- Joan Ballweg · Republican, Senate
- Chris Taylor · Democrat, Assembly
- Dan Knodl · Republican, Assembly
- Scott Krug · Republican, Assembly
- Bob Kulp · Republican, Assembly
- Tony Kurtz · Republican, Assembly
- Lena Taylor · Democrat, Senate
- Amy Loudenbeck · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- Todd Novak · Republican, Assembly
- Tod Ohnstad · Democrat, Assembly
- Loren Oldenburg · Republican, Assembly
- Treig Pronschinske · Republican, Assembly
- Romaine Quinn · Republican, Senate
- Timothy Ramthun · Republican, Assembly
- Jessie Rodriguez · Republican, Assembly
- Ken Skowronski · Republican, Assembly
- Mark Spreitzer · Democrat, Senate
- Gary Tauchen · Republican, Assembly
- Don Vruwink · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
How lawmakers voted
There were 3 votes on this bill.
Senate Committee on Agriculture vote to recommend it
Passed, 9 to 0 · May 31, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Jun 3, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Jun 3, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2”. Official record · This vote on its own page
What happened
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Nov 26, 2019
The new law was published.
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Nov 26, 2019
The governor signed it. It became 2019 Wisconsin Act 62.
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Nov 19, 2019
Sent to the governor.
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Nov 7, 2019
The Assembly passed it too.
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Nov 5, 2019
Sent to the Assembly Committee on Rules.
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Jun 11, 2019 to Oct 3, 2019
2 more representatives signed on in support.
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Jun 5, 2019
The Assembly received it.
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Jun 5, 2019
1 more senator signed on in support.
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Jun 5, 2019
The Senate passed it.
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Jun 5, 2019
The Senate adopted it.
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Jun 3, 2019
“Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2” (the official wording)
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Jun 3, 2019
Sent to the Joint Committee on Finance.
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May 31, 2019
The committee voted to recommend passing it, 9 to 0.
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May 30, 2019
The committee held a public hearing.
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May 29, 2019
A state agency sent in its estimate of the cost.
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May 23, 2019
Sent to the Senate Committee on Agriculture, Revenue and Financial Institutions.
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May 23, 2019
Introduced in the Senate.
See the official record, word for word Hide the official record
- May 23, 2019 · Senate
Introduced by Senators Marklein, Bewley, Bernier, Nass, Schachtner, Tiffany and Smith; cosponsored by Representatives Tauchen, Vruwink, Ballweg, Knodl, Krug, Kulp, Kurtz, Loudenbeck, Mursau, Novak, Oldenburg, Pronschinske, Quinn, Ramthun, Rodriguez, Spreitzer and C. Taylor
- May 23, 2019 · Senate
Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions
- May 29, 2019 · Senate
Fiscal estimate received
- May 30, 2019 · Senate
Public hearing held
- May 31, 2019 · Senate
Executive action taken
- May 31, 2019 · Senate
Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0
- May 31, 2019 · Senate
Available for scheduling
- Jun 3, 2019 · Senate
Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2
- Jun 3, 2019 · Senate
Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2
- Jun 3, 2019 · Senate
Placed on calendar 6-5-2019 pursuant to Senate Rule 18(1)
- Jun 4, 2019 · Senate
Senate Amendment 1 offered by Senator Marklein
- Jun 5, 2019 · Senate
Read a second time
- Jun 5, 2019 · Senate
Senate Amendment 1 adopted
- Jun 5, 2019 · Senate
Ordered to a third reading
- Jun 5, 2019 · Senate
Rules suspended
- Jun 5, 2019 · Senate
Read a third time and passed
- Jun 5, 2019 · Senate
Senator L. Taylor added as a coauthor
- Jun 5, 2019 · Senate
Ordered immediately messaged
- Jun 5, 2019 · Assembly
Received from Senate
- Jun 11, 2019 · Assembly
Representative Skowronski added as a cosponsor
- Oct 3, 2019 · Assembly
Representative Ohnstad added as a cosponsor
- Nov 5, 2019 · Assembly
Read first time and referred to committee on Rules
- Nov 5, 2019 · Assembly
Placed on calendar 11-7-2019 by Committee on Rules
- Nov 7, 2019 · Assembly
Rules suspended to withdraw from calendar and take up
- Nov 7, 2019 · Assembly
Read a second time
- Nov 7, 2019 · Assembly
Ordered to a third reading
- Nov 7, 2019 · Assembly
Rules suspended
- Nov 7, 2019 · Assembly
Read a third time and concurred in
- Nov 7, 2019 · Assembly
Ordered immediately messaged
- Nov 8, 2019 · Senate
Received from Assembly concurred in
- Nov 18, 2019 · Senate
Report correctly enrolled
- Nov 19, 2019 · Senate
Presented to the Governor on 11-19-2019 by directive of the President, pursuant to Senate Rule 44m (3)
- Nov 26, 2019 · Senate
Report approved by the Governor on 11-25-2019. 2019 Wisconsin Act 62
- Nov 26, 2019 · Senate
Published 11-26-2019
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote