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Bills · 2021-2022 Regular Session

SB 712

Died at session end Official bill text Atom feed

Relating to: grant related to the Verso Paper Mill in the city of Wisconsin Rapids and loan guarantee related to the Park Falls Pulp and Paper Mill in the city of Park Falls. (FE)

Economic development corporation wisconsin Elections Forestry Franchise — Taxation Loan Vilas county 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 award

a grant of up to $1,000,000 to an eligible recipient to maintain operations at the Verso

Paper Mill in the city of Wisconsin Rapids. The grant is to be upon the terms and

conditions determined by WEDC, and WEDC may award the grant only as approved

or modified by the Joint Committee on Finance.

The bill also authorizes WEDC to issue a loan guarantee of up to $15,000,000

to an eligible borrower to purchase or make infrastructure improvements to the Park

Falls Pulp and Paper Mill in the city of Park Falls. The loan guarantee is to be upon

the terms and conditions determined by WEDC, and WEDC may issue the loan

guarantee only as approved or modified by the Joint Committee on Finance.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Bernier (R) , Bewley (D) , Felzkowski (R) , Petrowski (R) , Stafsholt (R)

5 cosponsors

B. Meyers (D) , Mursau (R) , Shankland (D) , Spiros (R) , Tusler (R)

Full history

  1. Nov 19, 2021 · Senate

    Introduced by Senators Felzkowski, Stafsholt, Petrowski, Bernier and Bewley; cosponsored by Representatives Mursau, B. Meyers, Spiros, Tusler and Shankland

  2. Nov 19, 2021 · Senate

    Read first time and referred to Committee on Insurance, Licensing and Forestry

  3. Nov 23, 2021 · Senate

    Fiscal estimate received

  4. Mar 15, 2022 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1