Senate Bill 421 proposes to provide a one-time financial assistance payment of $42,000,000 to Domtar Paper Company, LLC, for the modernization of a dam on the Wisconsin River associated with its mill in Rothschild. The bill stipulates that if Domtar does not begin the project by December 31, 2026, or if it sells either its mill in Rothschild or Nekoosa before completing the project, it must return the full amount of the financial assistance. Additionally, if the total financial assistance Domtar receives exceeds two-thirds of the project's cost, it must return the difference to the state.

Furthermore, the bill requires Domtar to invest $100,000,000 in north central Wisconsin through its manufacturing facilities within three years and mandates that it use only roundwood and wood chips from Wisconsin producers during the project. Failure to comply with these investment and sourcing requirements will also result in the return of the financial assistance. The bill amends existing statutes to facilitate this financial assistance and creates new provisions to ensure accountability and compliance from Domtar.

Statutes affected:
Bill Text: 31.385(2)(d), 31.385