Wis. Senate Approves WEDC Contracts Bill
Posted at: 06/11/2013 4:48 PM
MADISON, Wis. (AP) - The Wisconsin Senate has passed a bill that would ban Wisconsin Economic Development Corp. employees from negotiating contracts that might benefit them.
The bill would ban WEDC board members and employees with a monetary interest in a contract from participating in the deals or exercising any discretion on it.
The Assembly passed the bipartisan bill last month. The Senate approved it on a voice vote Tuesday. It now goes to Gov. Scott Walker, who supports the bill.
The governor and the Republican-controlled Legislature created WEDC in 2011 to help the governor meet his campaign promise to create 250,000 private-sector jobs. But the agency is reeling after an audit revealed it hasn't followed state law, adequately tracked loans and sometimes gave money to companies that didn't qualify.
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