Gov. Walker signs bill affecting WEDC contracts - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Gov. Walker signs bill affecting WEDC contracts

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MADISON (WKOW) -- Gov. Scott Walker has signed into law a ill that bans Wisconsin Economic Development Corp. employees and board members from negotiating contracts that might benefit them. 

Walker signed the bill Tuesday during a WEDC board meeting in Green Bay. 

The new law prohibits WEDC board members and employees with monetary interest in a contract from participating in the deals or exercising any discretion on it. 

Walker says the law provides clear direction and adds increased transparency and accountability. 

The governor and the Republican-controlled Legislature created WEDC in 2011 to help the governor meet his campaign promise to create 250,000 private-sector jobs. But the agency is reeling after an audit revealed it hasn't followed state law, adequately tracked loans and sometime gave money to companies that didn't qualify. 

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