The Latest: Budget panel allows WEDC to issue loans again

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MADISON, Wis. (AP) - The Latest on the Legislature's finance committee's actions on the state budget (all times local):

12:15 p.m.

The Legislature's budget committee has restored the state's troubled jobs agency's ability to issue business loans.

The current state budget repealed the Wisconsin Economic Development Corporation's ability to originate new loans to businesses after June 30, 2017. Gov. Scott Walker's 2017-19 budget allows WEDC to issue new loans but funded with money from repayments of other loans.

The Joint Finance Committee voted 12-4 on Tuesday to allow WEDC to start issuing loans again. The panel removed the requirement that the loans be funded solely through repayments of other loans, however.

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11:55 a.m.

The leaders of the Legislature's budget committee say they plan to adopt a modified version of Gov. Scott Walker's plan to reinstate a loan program at the state's troubled economic development agency.

The current state budget repealed the Wisconsin Economic Development Corporation's ability to originate new loans to businesses after June 30, 2017. Gov. Scott Walker's 2017-19 budget allows WEDC to issue new loans but funded with money from repayments of other loans.

The Joint Finance Committee is expected to vote on the proposal on Tuesday. The panel's co-chairs, Rep. John Nygren and Sen. Alberta Darling, told reporters before the committee convened that they will adopt a version of the governor's plan. They didn't elaborate.

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8:51 a.m.

The Legislature's budget committee is set to take its second round of votes on Gov. Scott Walker's state budget.

The Joint Finance Committee was slated to vote Tuesday on the Department of Justice, the Wisconsin Economic Development Corporation and the Department of Military Affairs' budgets.

The DOJ's budget includes grants to cover local police overtime, $2 million for upgraded DNA analysis kits and an additional $1 million for drug investigations. WEDC's budget calls for lifting a prohibition on the agency's ability to issue new loans. DMA's budget provides $500,000 in grants to help police form crowd-control units.

The finance committee took its first votes on Walker's budget earlier this month, rejecting the governor's plan to give the state Supreme Court control of an independent commission that investigates judges.

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