Wisconsin Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Wisconsin 2000 Economic Development Loans Wis. Stat. § 234.65 4) In respect to the loans issued under this section, the authority shall submit to the governor, the joint committee on finance and the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), within 6 months after the close of its fiscal year an annual report including all of the following for the fiscal year:
(a) A statement of the authority’s operations, accomplishments, goals and objectives.
(b) A financial statement showing income and expenses, assets and liabilities and a schedule of its bonds and notes outstanding and the amounts redeemed and issued.
(c) The effects of lending under this section in the following areas:
1. Maintaining or increasing employment in this state.
2. Locating economic development projects in areas of high unemployment or low average income.
3. Obtaining the participation of a large number of financial institutions in the lending.
4. The geographical distribution of lending in this state.

1983 a. 83, 192; 1985 a. 29 s. 3202 (28); 1985 a. 299, 334; 1987 a. 27, 186; 1989 a. 31, 78, 281; 1991 a. 37; 1993 a. 112, 243, 437; 1995 a. 27 s. 9116 (5); 1995 a. 56, 404; 1997 a. 27; 1999 a. 9, 85;		 N N Y
Wisconsin 1993 Economic Development & Housing Authority Grants Wis. Stat. § 234.25, 234.255, 234.265 (1) The authority shall submit to the governor, the cochairpersons of the joint committee on finance, the senate committee on housing and urban development, the assembly committee on municipalities, such other committees as the legislature by joint resolution may determine, and the secretary of administration within 6 months after the end of its fiscal year a complete and detailed report setting forth:
(a) Its operations, accomplishments, goals and objectives;
(b) A statement of income and expenses for such fiscal year in accordance with the categories or classifications established by the authority for its operating and capital outlay purposes;
(c) Its assets and liabilities at the end of its fiscal year, including a schedule of its leases and mortgages and the status of reserve, special or other funds;
(d) A schedule of its bonds and notes outstanding at the end of its fiscal year, together with a statement of the amounts redeemed and incurred during such fiscal year; and
(e) An evaluation of its progress in implementing within its own housing programs the goals, policies, and objectives of the state housing strategy plan under s. 16.302, and recommendations for legislation to improve its ability to carry out its programs consistent with the state housing strategy plan.
(2) The authority, annually on January 15, shall file with the department of administration and the joint legislative council a complete and current listing of all forms, reports and papers required by the authority to be completed by any person, other than a governmental body, as a condition of obtaining the approval of the authority or for any other reason. The authority shall attach a blank copy of each such form, report or paper to the listing.
 N N Y
Wisconsin 1995 Wisconsin Job Training Reserve Fund a. 27, a. 9116, a. 116 Wis. Stat. § 234.932 (5) ANNUAL REPORT. [V> On or before November 1 <V] annually, the authority or department shall [V> submit to the chief clerk of each house of the legislature for distribution under s. 13.172 (2) and to the joint committee on finance an annual <V] report on the number and total dollar amount of guaranteed loans under the job training loan guarantee program, the default rate on the loans and any other information on the program that the authority or department determines is significant. N N Y
Wisconsin 1999 Blight Elimination 1999 a. 9; 1999 a. 150 ss. 441 to 446; Stats. 1999 s. 66.1333; 1999 a. 185 s. 58; Wis. Stat. §66.1333 6. ‘Financial reports.’ The authority has agreed to provide to the department of administration all financial reports of the authority and all regular monthly statements of any trustee of the bonds on a direct and ongoing basis. Y N Y
Wisconsin 1999 Brownfield Efforts 1999 a. 9, 84 Wis. Stat. § 292.255 292.255 Report on brownfield efforts. The department of natural resources, the department of administration [D> , <D] [A> AND <A] the department of commerce shall submit a report evaluating the effectiveness of this state's efforts to remedy the contamination of, and to redevelop, brownfields, as defined in section 560.60 (1v).

NOTE: Replaces comma with "and" to correct grammar after the governor's partial veto of 1999 Wis. Act 9.		 Y N Y
Wisconsin 2003 Tax Increment Financing Reporting a. 231, 326, 327 Wis. Stat. § 60.85 (c) The town shall prepare and make available to the public updated annual reports describing the status of each existing tax incremental district, including expenditures and revenues. The town shall send a copy of the report to each overlying district by May 1 annually. N Y Y
Wisconsin 2007 General Law for Oversight a. 125 Wis. Stat. § 23.167, 23.169, Wis. Stat. § 234.032 Substantial reporting law that provided for "clean up and consolidation of Department of Commerce economic development programs, establishing a comprehensive annual reporting requirement, requiring the development of programmatic goals and accountability measures for econonomic development grants and loans..."

Sec. 23.167 was created to cover goals and accountability:

23.167 Goals and accountability measures for economic development programs.
(1) In this section, “economic development program” means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:
(a) The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.
(b) The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.
(2) The department, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the department:
(a) Establish clear and measurable goals for the program that are tied to statutory policy objectives.
(b) Establish at least one quantifiable benchmark for each program goal described in par.
(a).
(c) Require that each recipient of a grant or loan under the program submit a report to the department. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the department and the performance measures to be included in the report.
(d) Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in pars.
(a) and (b).
(e) Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under par.
(c).
(f) Establish by rule a requirement that the recipient of a grant or loan under the program of at least $ 100,000 submit to the department a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The department shall include the requirement established by rule under this paragraph in the contract entered into by a grant or loan recipient.
(g) Establish by rule policies and procedures permitting the department to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the department or fails to comply with the terms of a contract entered into with the department under the program and fails to provide to the satisfaction of the department an explanation for the noncompliance:
1. Recoup payments made to the recipient.
2. Withhold payments to be made to the recipient.
3. Impose a forfeiture on the recipient.

23.169 of the statutes is created to read:
23.169
Economic development assistance reporting. Annually, no later than October 1, the department shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under Section 13.172 (3) a comprehensive report assessing economic development programs, as defined in Section 23.167 (1), administered by the department. The report shall include all of the information required under Section 560.01 (2) (am). The department shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this section.

Also adds similar language in for other programs too.

38.04 (1m) of the statutes is created to read:
38.04
(1m) GOALS AND ACCOUNTABILITY MEASURES FOR ECONOMIC DEVELOPMENT PROGRAMS.
Establish by rule policies and procedures permitting the board to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the board or fails to comply with the terms of a contract entered into with the board under the program and fails to provide to the satisfaction of the board an explanation for the noncompliance:
a. Recoup payments made to the recipient.
b. Withhold payments to be made to the recipient.
c. Impose a forfeiture on the recipient.
8.04 (10m) of the statutes is created to read:
38.04
(10m) ECONOMIC DEVELOPMENT ASSISTANCE REPORTING. Annually, no later than October 1, the board shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under Section 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (1m) (a), administered by the board. The report shall include all of the information required under Section 560.01 (2) (am). The board shall collaborate with the department of commerce to make readily accessible to the public on an Internet based system the information required under this subsection		 N Y Y
Wisconsin 2007 Economic Development incentives from Department of Tourism a. 125 Wis. Stat. § 41.11 1.11 (1g) of the statutes is created to read:
41.11
(1g) GOALS AND ACCOUNTABILITY MEASURES FOR ECONOMIC DEVELOPMENT PROGRAMS.
(a) In this subsection, “economic development program” means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs, and that satisfies all of the following:
1. The program receives funding from the state or federal government that is allocated through an appropriation under ch. 20.
2. The program provides financial assistance, tax benefits, or direct services to specific industries, businesses, local governments, or organizations.
(b) The department, in consultation with the department of commerce, shall do all of the following for each economic development program administered by the department:
1. Establish clear and measurable goals for the program that are tied to statutory policy objectives.
2. Establish at least one quantifiable benchmark for each program goal described in subd.
3. Require that each recipient of a grant or loan under the program submit a report to the department. Each contract with a recipient of a grant or loan under the program shall specify the frequency and format of the report to be submitted to the department and the performance measures to be included in the report.
4. Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in subds. 1. and 2.
5. Annually and independently verify, from a sample of grants and loans, the accuracy of the information required to be reported under subd. 3.
6. Establish by rule a requirement that the recipient of a grant or loan under the program of at least $ 100,000 submit to the department a verified statement signed by both an independent certified public accountant licensed or certified under ch. 442 and the director or principal officer of the recipient to attest to the accuracy of the verified statement, and make available for inspection the documents supporting the verified statement. The department shall include the requirement established by rule under this subdivision in the contract entered into by a grant or loan recipient.
7. Establish by rule policies and procedures permitting the department to do all of the following if a recipient of a grant or loan or tax benefits under the program submits false or misleading information to the department or fails to comply with the terms of a contract entered into with the department under the program and fails to provide to the satisfaction of the department an explanation for the noncompliance:
a. Recoup payments made to the recipient.
b. Withhold payments to be made to the recipient.
c. Impose a forfeiture on the recipient.

(Next | Previous) SECTION 20.
41.11 (1r) of the statutes is created to read:
41.11
(1r) ECONOMIC DEVELOPMENT ASSISTANCE REPORTING. Annually, no later than October 1, the department shall submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under Section 13.172 (3) a comprehensive report assessing economic development programs, as defined in sub. (1g) (a), administered by the department. The report shall include all of the information required under Section 560.01 (2) (am). The department shall collaborate with the department of commerce to make readily accessible to the public on an Internet-based system the information required under this subsection.		 N Y Y
Wisconsin 2009 Development Zones Credit; Economic Development Tax Credit a. 2 Wis. Stat. § 238.306 REPORTING. Annually, 6 months after the report has been submitted under Section 560.01 (2) (am), submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under Section 13.172 (3) a comprehensive report assessing the program under Sections 560.701 to 560.706. The report under this subsection shall update the applicable information provided in the report under Section 560.01 (2) (am). N N Y
Wisconsin 2011 General Law for Oversight a.7 Wis. Stat. § 238.07 238.07 Submission of annual reports to legislature.
(1) Annually, by January 1, the board shall submit to the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2), a report identifying the economic development projects that the board intends to develop and implement during the current calendar year.
(2) Annually, no later than October l, the board shall submit to the joint legislative audit committee and the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2), a report for the previous fiscal year on each of the economic development programs of the corporation that contains all of the following:
(a) A description of each program.
(b) A comparison of expected and actual program outcomes.
(c) The number of grants made under the program.
(d) The number of loans made under the program.
(e) The amount of each grant and loan made under the program.
(f) The recipient of each grant or loan made under the program.
(g) The sum total of all grants and loans awarded to and received by each recipient under the program.
(h) Any recommended changes to the program.
(3) The board shall make readily accessible to the public on an Internet-based system the information required under sub.		 N Y Y
Wisconsin 2013 Workforce Training Grants a. 9, 139 Wis. Stat. §106.271 3. Require reports from grant recipients describing how the grant moneys received by a grant recipient were expended and the outcomes achieved as a result of the training program implemented by the grant recipient.
(b) Powers. In addition to the duties described in par. (a), the department shall have all other powers necessary and convenient to implement this section, including the power to audit and inspect the records of grant recipients.
(2m) Consultation. The department shall consult with the technical college system board and the Wisconsin Economic Development Corporation in implementing this section.
(3) Annual report. Annually, by December 31, the department shall submit a report to the governor and the cochairpersons of the joint committee on finance providing an account of the department’s activities and expenditures under this section during the preceding fiscal year. The report shall include information on the number of unemployed and underemployed workers and incumbent employees who participate in training programs under this section; the number of unemployed workers who obtain gainful employment, underemployed workers who obtain new employment, and incumbent employees who receive increased compensation after participating in such a training program; and the wages earned by those workers and employees both before and after participating in such a training program. The report shall also include information on the extent to which waiting lists for enrollment in courses and programs provided by technical colleges in high-demand fields are reduced as a result of grants under sub. (1g) (a), on the number of high school pupils who participate in certification programs under sub. (1g) (b), and on the number of persons with disabilities who participate in employment enhancement activities under sub. (1g) (c).
 Y N Y
Wisconsin 2015 Tax Credits: General Law for Oversight a.55 Wis. Stat. § 238.115 238.115 Tax credit reporting.
(1) Corporation obligations. No later than the end of the first month following each quarter, the corporation shall provide to the department of revenue all of the following information for the previous quarter:
(a) The identity of each person the corporation certified for tax credits under this chapter and, for each person, the amount certified.
(b) The identity of each person the corporation verified to claim tax credits under this chapter based on the person’s satisfaction of all applicable requirements to be eligible to claim the tax credits and, for each person, the amount verified.
(c) The identity of each person, whether an entity or individual, who may claim tax credits as the result of each verification of each person identified under par. (b). The information provided under this paragraph shall specify the taxable year that applies for each of those persons.
(d) The identity of each person, whether an entity or individual, who may claim tax credits as the result of a transfer of tax credits under this chapter and, for each person, the amount transferred. The information provided under this paragraph shall specify the taxable year that applies for each of those persons.
(e) The identity of each person for whom the corporation revoked a certification for tax credits and, for each person, the amount revoked.
(f) The amount of tax credits already claimed that must be repaid as the result of a revocation for each person identified under par. (e).
(g) Any other information the department of revenue and the corporation agree is necessary to accurately track certification, verification, transfer, and usage of tax credits under this chapter.
(2) Taxpayer obligations. Each person the corporation certifies for tax credits under this chapter shall provide all information necessary for the corporation to comply with the reporting requirements under sub. (1).
(3) Department of revenue’s obligation. The department of revenue shall track the amount of all tax credits administered by the corporation that have been claimed or used to offset tax liability and the amount of all available unused tax credits under this chapter.		 N N Y
Wisconsin 2015 Tax Increment Financing Reporting* a.24 Wis. Stat. § 60.90 The town shall prepare and make available to the public updated annual reports describing the status of each existing tax incremental district, including expenditures and revenues. The town shall send file a copy of the report to with each overlying district and the department of revenue by May 1 July 1 annually. The copy of the report filed with the department of revenue shall be in electronic format. N Y Y
Wisconsin 2017 Workforce Training Grants* a. 58 Wis. Stat. § 106.271 Annual report. Annually, by December 31, the department shall submit a report to the governor and the cochairpersons of the joint committee on finance providing an account of the department’s activities and expenditures under this section during the preceding fiscal year. Y N Y