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Bills · 2021-2022 Regular Session

SB 369

Died at session end Official bill text Atom feed

Relating to: loan for the purchase of the Verso Paper Mill in the city of Wisconsin Rapids. (FE)

Cooperative associations Economic development corporation wisconsin Federal aid Forestry Governor Loan Wood county

  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 authorizes the Wisconsin Economic Development Corporation to

award a loan of up to $50,000,000 to the Consolidated Cooperative for the purchase

of the Verso Paper Mill in the city of Wisconsin Rapids. The loan is to be for the term

and upon the conditions as may be agreed upon between WEDC and the cooperative.

Additionally, WEDC may not award the loan unless it determines that substantial

additional funding for the purchase of the paper mill has been secured from both

nonstate revenue sources and in the form of a loan issued by the Board of

Commissioners of Public Lands to an entity eligible for the loan. Finally, the bill

requires the governor to allocate $50,000,000 of the funds accepted under the federal

American Rescue Plan Act of 2021 for the loan.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Ballweg (R) , Felzkowski (R) , Testin (R)

10 cosponsors

Callahan (R) , Edming (R) , James (R) , Krug (R) , Mursau (R) , Rozar (R) , Snyder (R) , Spiros (R) , Stafsholt (R) , VanderMeer (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Economic and Workforce Development, Ayes 3, Noes 2

Passed 3–2 Jun 22, 2021 official source full page

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

Senate: Report passage as amended recommended by Committee on Economic and Workforce Development, Ayes 3, Noes 2

Passed 3–2 Jun 22, 2021 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. May 25, 2021 · Senate

    Introduced by Senators Testin, Felzkowski and Ballweg; cosponsored by Representatives Krug, Edming, Callahan, James, Mursau, Rozar, Snyder, Spiros and VanderMeer

  2. May 25, 2021 · Senate

    Read first time and referred to Committee on Economic and Workforce Development

  3. Jun 3, 2021 · Senate

    Fiscal estimate received

  4. Jun 15, 2021 · Senate

    Public hearing held

  5. Jun 15, 2021 · Senate

    Senate Amendment 1 offered by Senator Testin

  6. Jun 22, 2021 · Senate

    Executive action taken

  7. Jun 22, 2021 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Economic and Workforce Development, Ayes 3, Noes 2

  8. Jun 22, 2021 · Senate

    Report passage as amended recommended by Committee on Economic and Workforce Development, Ayes 3, Noes 2

  9. Jun 22, 2021 · Senate

    Available for scheduling

  10. Jun 28, 2021 · Senate

    Senate Substitute Amendment 1 offered by Senator Testin

  11. Jun 30, 2021 · Senate

    Senator Stafsholt added as a coauthor

  12. Mar 15, 2022 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1