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Gov. Walker signs WEDC conflict of interest bill

GREEN BAY, WI (WTAQ) - Those connected with the Wisconsin Economic Development Corporation can no longer negotiate contracts that would benefit them.

Governor Scott Walker signed a bill Tuesday barring WEDC employees and board members from having any influence over agreements in companies in which they have monetary interests.

Walker signed the measure in Green Bay, at a meeting of the corporation’s board which he chairs.

It was one of the measures brought up by lawmakers after a scathing audit earlier this year.

The audit showed that the economic corporation did not adequately keep track of loans it made to businesses for creating jobs – and it did not follow state law by adopting certain policies after the public-private WEDC replaced the former state Commerce Department in 2011.

Walker says the new law will provide clear directions to those involved with the corporation – and it adds accountability and transparency.