Assembly Bill 416 proposes to provide $42,000,000 in financial assistance to Domtar Paper Company, LLC, for the modernization of a dam on the Wisconsin River in the village of Rothschild. The bill stipulates 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, 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 repay the difference to the state.

Furthermore, the bill mandates that Domtar invest $100,000,000 in north central Wisconsin through its manufacturing facilities within three years and requires the company to source roundwood and wood chips exclusively 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 and creates new sections to outline the specific terms of the financial assistance and the obligations of Domtar.

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