Senate Bill 421 aims to provide financial assistance for the modernization of a dam associated with Domtar Paper Company, LLC, in the village of Rothschild, Wisconsin. The bill mandates the Department of Natural Resources (DNR) to allocate $42,000,000 to Domtar for this project. It includes stipulations that if Domtar does not begin the project by December 31, 2026, or if it sells its mills in Rothschild or Nekoosa before completing the project, the company must return the financial assistance. Additionally, if the total financial assistance Domtar receives exceeds two-thirds of the project's cost, it must repay 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 to exclusively use roundwood and wood chips from Wisconsin producers during the project. Failure to comply with these investment and sourcing requirements will also result in the repayment of the financial assistance. The bill amends existing statutes to facilitate these provisions, including the creation of new sections that outline the financial assistance process and conditions for repayment.

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