LRB-4415/1
RAC:jld:rs
2005 - 2006 LEGISLATURE
February 27, 2006 - Introduced by Representatives Wieckert, Musser, Owens, Ott
and Albers, cosponsored by Senators Zien and
Roessler. Referred to
Committee on State Affairs.
AB1076,1,7
1An Act to create 16.004 (18) and 40.80 (2) (g) of the statutes;
relating to:
2requiring the secretary of administration to contact investment companies and
3investment advisors to request that they establish a Wisconsin index fund,
4consisting of shares of publicly traded businesses incorporated, established, or
5headquartered in this state, and requiring the Deferred Compensation Board
6to make every effort to ensure that the state deferred compensation plan
7includes a Wisconsin index fund.
Analysis by the Legislative Reference Bureau
This bill requires the secretary of administration to contact investment
companies and investment advisors to request that they establish a Wisconsin index
fund, consisting of shares of publicly traded businesses incorporated, established, or
headquartered in this state.
The bill also requires the Deferred Compensation Board to make every effort
to ensure that state employees are provided with an option under the state deferred
compensation plan to invest in a Wisconsin index fund, consisting of shares of
publicly traded businesses incorporated, established, or headquartered in this state.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB1076, s. 1
1Section
1. 16.004 (18) of the statutes is created to read:
AB1076,2,52
16.004
(18) Request to investment companies and investment advisors. The
3secretary shall contact investment companies and investment advisors to request
4that they establish a Wisconsin index fund, consisting of shares of publicly traded
5businesses incorporated, established, or headquartered in this state.
AB1076, s. 2
6Section
2. 40.80 (2) (g) of the statutes is created to read:
AB1076,2,107
40.80
(2) (g) Make every effort to ensure that state employees are provided with
8an option under a deferred compensation plan to invest in a Wisconsin index fund,
9consisting of shares of publicly traded businesses incorporated, established, or
10headquartered in this state.
