AB908, s. 44
25Section
44. 18.77 (2) (b) and (c) of the statutes are created to read:
AB908,16,4
118.77
(2) (b) Except as provided under sub. (7), in contracting operating notes
2by competitive sale, the commission shall ensure that at least 5 percent of total
3operating note indebtedness contracted in each fiscal year is underwritten by
4woman-owned investment firms.
AB908,16,85
(c) Except as provided under sub. (7), in contracting operating notes by
6competitive sale, the commission shall ensure that at least 2 percent of total
7operating note indebtedness contracted in each fiscal year is underwritten by
8service-disabled veteran investment firms.
AB908, s. 45
9Section
45. 18.77 (3) of the statutes is renumbered 18.77 (3) (a) and amended
10to read:
AB908,16,1411
18.77
(3) (a) Except as provided under sub. (7), in contracting operating notes
12by negotiated sale, the commission shall ensure that at least
6% 8 percent of total
13operating note indebtedness contracted in each fiscal year is underwritten by
14minority investment firms.
AB908, s. 46
15Section
46. 18.77 (3) (b) and (c) of the statutes are created to read:
AB908,16,1916
18.77
(3) (b) Except as provided under sub. (7), in contracting operating notes
17by negotiated sale, the commission shall ensure that at least 5 percent of total
18operating note indebtedness contracted in each fiscal year is underwritten by
19woman-owned investment firms.
AB908,16,2320
(c) Except as provided under sub. (7), in contracting operating notes by
21negotiated sale, the commission shall ensure that at least 2 percent of total operating
22note indebtedness contracted in each fiscal year is underwritten by service-disabled
23veteran investment firms.
AB908, s. 47
24Section
47. 18.77 (4) of the statutes is renumbered 18.77 (4) (a) and amended
25to read:
AB908,17,4
118.77
(4) (a) Except as provided under sub. (7), in contracting operating notes
2by competitive sale or negotiated sale, the commission shall ensure that at least
6% 38 percent of the total moneys expended in such fiscal year for the services of financial
4advisers are expended for the services of minority financial advisers.
AB908, s. 48
5Section
48. 18.77 (4) (b) and (c) of the statutes are created to read:
AB908,17,96
18.77
(4) (b) Except as provided under sub. (7), in contracting operating notes
7by competitive sale or negotiated sale, the commission shall ensure that at least 5
8percent of the total moneys expended in such fiscal year for the services of financial
9advisers are expended for the services of woman-owned financial advisers.
AB908,17,1310
(c) Except as provided under sub. (7), in contracting operating notes by
11competitive sale or negotiated sale, the commission shall ensure that at least 2
12percent of the total moneys expended in such fiscal year for the services of financial
13advisers are expended for the services of service-disabled veteran financial advisers.
AB908, s. 49
14Section
49. 18.77 (5) of the statutes is amended to read:
AB908,17,1915
18.77
(5) Except as provided under sub. (7), an individual underwriter or
16syndicate of underwriters shall ensure that each bid or proposal, submitted by that
17individual or syndicate in a competitive or negotiated sale of an operating note,
18provides for a portion of sales to minority investment firms
, woman-owned
19investment firms, and service-disabled veteran investment firms.
AB908, s. 50
20Section
50. 18.77 (6) of the statutes is amended to read:
AB908,18,221
18.77
(6) The commission shall annually report to the department of
22administration the total amount of operating note indebtedness contracted with the
23underwriting services of minority investment firms and the total amount of moneys
24expended for the services of minority financial advisers
, woman-owned financial
1advisers, and service-disabled veteran financial advisers during the preceding fiscal
2year.
AB908, s. 51
3Section
51. 23.41 (1) (c) of the statutes is created to read:
AB908,18,54
23.41
(1) (c) "Minority business" means a business certified by the department
5of commerce under s. 560.036 (2).
AB908, s. 52
6Section
52. 23.41 (1) (d) of the statutes is created to read:
AB908,18,87
23.41
(1) (d) "Service-disabled veteran-owned business" means a business
8certified by the department of commerce under s. 560.033 (2).
AB908, s. 53
9Section
53. 23.41 (1) (e) of the statutes is created to read:
AB908,18,1110
23.41
(1) (e) "Woman-owned business" means a business certified by the
11department of commerce under s. 560.035 (2).
AB908, s. 54
12Section
54. 23.41 (6) of the statutes is renumbered 23.41 (6) (a) and amended
13to read:
AB908,18,1614
23.41
(6) (a) The department shall attempt to ensure that at least
5% 8 percent 15of the total amount expended under this section in each fiscal year is paid to minority
16businesses, as defined in s. 16.75 (3m) (a)
1.
AB908, s. 55
17Section
55. 23.41 (6) (b) of the statutes is created to read:
AB908,18,2018
23.41
(6) (b) The department shall attempt to ensure that at least 5 percent of
19the total amount expended under this section in each fiscal year is paid to
20woman-owned businesses.
AB908, s. 56
21Section
56. 23.41 (6) (c) of the statutes is created to read:
AB908,18,2422
23.41
(6) (c) The department shall attempt to ensure that at least 2 percent of
23the total amount expended under this section in each fiscal year is paid to
24service-disabled veteran-owned businesses.
AB908, s. 57
25Section
57. 25.185 (title) of the statutes is amended to read:
AB908,19,2
125.185 (title)
Minority, woman-owned, and service-disabled veteran
2financial advisers and investment firms.
AB908, s. 58
3Section
58. 25.185 (1) of the statutes is repealed and recreated to read:
AB908,19,44
25.185
(1) In this section:
AB908,19,65
(a) "Minority financial adviser" means a financial adviser certified by the
6department of commerce under s. 560.036 (2).
AB908,19,87
(b) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB908,19,109
(c) "Service-disabled veteran financial adviser" means a financial adviser
10certified by the department of commerce under s. 560.033 (2).
AB908,19,1211
(d) "Service-disabled veteran investment firm" means an investment firm
12certified by the department of commerce under s. 560.033 (2).
AB908,19,1413
(e) "Woman-owned financial adviser" means a financial adviser certified by the
14department of commerce under s. 560.035 (2).
AB908,19,1615
(f) "Woman-owned investment firm" means an investment firm certified by the
16department of commerce under s. 560.035 (2).
AB908, s. 59
17Section
59. 25.185 (2) of the statutes is renumbered 25.185 (2) (a) and
18amended to read:
AB908,19,2219
25.185
(2) (a) The board shall attempt to ensure that
5% 8 percent of the total
20funds expended for financial and investment analysis and for common stock and
21convertible bond brokerage commissions in each fiscal year is expended for the
22services of minority financial advisers or minority investment firms.
AB908, s. 60
23Section
60. 25.185 (2) (b) of the statutes is created to read:
AB908,20,224
25.185
(2) (b) The board shall attempt to ensure that 5 percent of the total funds
25expended for financial and investment analysis and for common stock and
1convertible bond brokerage commissions in each fiscal year is expended for the
2services of woman-owned financial advisers or woman-owned investment firms.
AB908, s. 61
3Section
61. 25.185 (2) (c) of the statutes is created to read:
AB908,20,84
25.185
(2) (c) The board shall attempt to ensure that 2 percent of the total funds
5expended for financial and investment analysis and for common stock and
6convertible bond brokerage commissions in each fiscal year is expended for the
7services of service-disabled veteran financial advisers or service-disabled veteran
8investment firms.
AB908, s. 62
9Section
62. 25.185 (3) of the statutes is amended to read:
AB908,20,1510
25.185
(3) The board shall annually report to the department of administration
11the total amount of moneys expended under sub. (2) for common stock and
12convertible bond brokerage commissions, the services of minority
, woman-owned,
13and service-disabled veteran financial advisers and the services of minority
,
14woman-owned, and service-disabled veteran investment firms during the preceding
15fiscal year.
AB908, s. 63
16Section
63. 84.075 (title) of the statutes is amended to read:
AB908,20,18
1784.075 (title)
Contracting with minority
, woman-owned, and
18service-disabled veteran-owned businesses.
AB908, s. 64
19Section
64. 84.075 (1) of the statutes is renumbered 84.075 (1m) (a) and
20amended to read:
AB908,21,221
84.075
(1m) (a) In purchasing services under s. 84.01 (13), in awarding
22construction contracts under s. 84.06 and in contracting with private contractors and
23agencies under s. 84.07, the department shall attempt to ensure that
5% 8 percent 24of the total amount expended in each fiscal year is paid to contractors,
1subcontractors
, and vendors which are minority businesses
, as defined under s.
2560.036 (1) (e) 1.
AB908,21,6
3(d) In attempting to meet
this goal
the goals under this subsection, the
4department may award any contract to a minority business
, woman-owned
5business, or service-disabled veteran-owned business that submits a qualified
6responsible bid that is no more than 5% higher than the low bid.
AB908, s. 65
7Section
65. 84.075 (1c) of the statutes is created to read:
AB908,21,98
84.075
(1c) (a) "Minority business" means a business certified by the
9department of commerce under s. 560.036 (2).
AB908,21,1110
(b) "Service-disabled veteran-owned business" means a business certified by
11the department of commerce under s. 560.033 (2).
AB908,21,1312
(c) "Woman-owned business" means a business certified by the department of
13commerce under s. 560.035 (2).
AB908, s. 66
14Section
66. 84.075 (1m) (b) of the statutes is created to read:
AB908,21,1915
84.075
(1m) (b) In purchasing services under s. 84.01 (13), in awarding
16construction contracts under s. 84.06 and in contracting with private contractors and
17agencies under s. 84.07, the department shall attempt to ensure that 5 percent of the
18total amount expended in each fiscal year is paid to contractors, subcontractors, and
19vendors that are woman-owned businesses.
AB908, s. 67
20Section
67. 84.075 (1m) (c) of the statutes is created to read:
AB908,21,2521
84.075
(1m) (c) In purchasing services under s. 84.01 (13), in awarding
22construction contracts under s. 84.06 and in contracting with private contractors and
23agencies under s. 84.07, the department shall attempt to ensure that 2 percent of the
24total amount expended in each fiscal year is paid to contractors, subcontractors, and
25vendors that are service-disabled veteran-owned businesses.
AB908, s. 68
1Section
68. 84.075 (2) of the statutes is amended to read:
AB908,22,42
84.075
(2) The contractor shall report to the department any amount of the
3contract paid to subcontractors and vendors which are minority businesses
,
4woman-owned businesses, or service-disabled veteran-owned businesses.
AB908, s. 69
5Section
69. 84.075 (3) of the statutes is amended to read:
AB908,22,146
84.075
(3) The department shall at least semiannually, or more often if
7required by the department of administration, report to the department of
8administration the total amount of money it has paid to contractors, subcontractors
, 9and vendors which are minority businesses
, woman-owned businesses, or
10service-disabled veteran-owned businesses under ss. 84.01 (13), 84.06
, and 84.07
11and the number of contacts with minority businesses in connection with proposed
12purchases and contracts. In its reports, the department shall include only amounts
13paid to businesses certified by the department as minority businesses
,
14woman-owned businesses, or service-disabled veteran-owned businesses.
AB908, s. 70
15Section
70. 200.57 (title) of the statutes is amended to read:
AB908,22,17
16200.57 (title)
Minority, woman-owned, and service-disabled veteran
17financial advisers and investment firms.
AB908, s. 71
18Section
71. 200.57 (1) of the statutes is repealed and recreated to read:
AB908,22,2019
200.57
(1) (a) "Minority financial adviser" means a financial adviser certified
20by the department of commerce under s. 560.036 (2).
AB908,22,2221
(b) "Minority investment firm" mean an investment firm certified by the
22department of commerce under s. 560.036 (2).
AB908,22,2423
(c) "Service-disabled veteran financial adviser" means a financial adviser
24certified by the department of commerce under s. 560.033 (2).
AB908,23,2
1(d) "Service-disabled veteran investment firm" means an investment firm
2certified by the department of commerce under s. 560.033 (2).
AB908,23,43
(e) "Woman-owned financial adviser" means a financial adviser certified by the
4department of commerce under s. 560.035 (2).
AB908,23,65
(f) " Woman-owned investment firm" means an investment firm certified by the
6department of commerce under s. 560.035 (2).
AB908, s. 72
7Section
72. 200.57 (2) of the statutes is renumbered 200.57 (2) (a) and
8amended to read:
AB908,23,129
200.57
(2) (a) The commission shall attempt to ensure that
5% 8 percent of the
10total funds expended for financial and investment analysis and for common stock
11and convertible bond brokerage commissions in each fiscal year is expended for the
12services of minority financial advisers or minority investment firms.
AB908, s. 73
13Section
73. 200.57 (2) (b) of the statutes is created to read:
AB908,23,1714
200.57
(2) (b) The commission shall attempt to ensure that 5 percent of the total
15funds expended for financial and investment analysis and for common stock and
16convertible bond brokerage commissions in each fiscal year is expended for the
17services of woman-owned financial advisers or woman-owned investment firms.
AB908, s. 74
18Section
74. 200.57 (2) (c) of the statutes is created to read:
AB908,23,2319
200.57
(2) (c) The commission shall attempt to ensure that 2 percent of the total
20funds expended for financial and investment analysis and for common stock and
21convertible bond brokerage commissions in each fiscal year is expended for the
22services of service-disabled veteran financial advisers or service-disabled veteran
23investment firms.
AB908, s. 75
24Section
75. 560.033 of the statutes is created to read:
AB908,24,2
1560.033 Service-disabled veteran-owned businesses. (1) Definitions. 2In this section:
AB908,24,43
(a) "Service-disabled veteran" means a veteran, as defined in
38 USC 101 (2),
4with a disability that is service-connected, as defined in
38 USC 101 (16).
AB908,24,65
(b) "Service-disabled veteran-owned business" means a business that satisfies
6all of the following criteria:
AB908,24,87
1. At least 51 percent of the business is owned by one or more service-disabled
8veterans.
AB908,24,109
2. One or more service-disabled veterans control the management and daily
10operations of the business.
AB908,24,16
11(2) Service-disabled veteran-owned business database and certification. (a)
12The department shall develop, maintain, and keep current a computer database of
13service-disabled veteran-owned businesses in the state, containing demographic
14statistics and information on the types of industries represented, sales volume and
15growth rates, generation of jobs by both new and existing businesses, and any other
16relevant characteristics.
AB908,24,2017
(b) The department shall establish and periodically update a list of certified
18service-disabled veteran-owned businesses. Any business may apply to the
19department for certification. For purposes of this paragraph, a "business" includes
20a financial adviser or investment firm.
AB908,24,2421
(c) The department shall certify a business incorporated under ch. 180 or
22having its principal place of business in this state if the department, after conducting
23an investigation, determines that the business qualifies as a service-disabled
24veteran-owned business under sub. (1) and any rules promulgated under sub. (3).
AB908,25,7
1(d) The department, without investigation, may certify a business incorporated
2in this state or having its principal place of business in this state if the business is
3certified or otherwise classified as a service-disabled veteran-owned business by an
4agency of this or another state or the federal government, or by a private business
5with expertise in certifying service-disabled veteran-owned businesses if the
6private business uses substantially the same procedures as those used by the
7department in making a determination under par. (c).