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AB908, s. 58 3Section 58. 25.185 (1) of the statutes is repealed and recreated to read: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).
AB908,25,158 (e) If the business applying for certification is not incorporated under ch. 180
9or does not have its principal place of business in this state, the department may
10certify it if it meets the conditions specified under par. (c) or (d) and if the state in
11which the business is incorporated or has its principal place of business has a
12statutory service-disabled veteran-owned business procurement program and the
13business qualifies for participation in that program under a procedure substantially
14equivalent to the procedure used by the department in making a determination
15under par. (c).
AB908,25,1816 (f) The department may charge each business applying for certification under
17par. (e) a fee to cover the department's expenses in making the certification
18determination.
AB908,25,2419 (g) If a business refuses to provide the department with sufficient information
20to enable it to conduct an investigation or if the business does not qualify for
21certification under par. (c), (d), or (e), the department shall deny the application. A
22business whose application is denied may, within 30 days after the date of the denial,
23appeal in writing to the secretary. The secretary shall enter his or her final decision
24within 30 days after receiving the appeal.
AB908,26,6
1(h) The department may, at the request of any state agency, or at its own
2discretion, examine any business certified under this subsection to verify that it
3qualifies for certification. The business shall provide the department with any
4records or information necessary to complete the examination. If the business fails
5to comply with a reasonable request for records or information, the department shall
6decertify it.
AB908,26,187 (i) If the department, after an examination under par. (h), determines that a
8business does not qualify as a service-disabled veteran-owned business, the
9department shall notify the business and the department of administration that it
10intends to decertify the business. The business may, within 30 days after the notice
11is sent, appeal in writing to the secretary. The secretary shall enter his or her final
12decision within 30 days after receiving the appeal. If the secretary confirms the
13decision of the department, the department shall immediately decertify the
14business. A decertified business may, within 30 days after the secretary's decision,
15request a contested case hearing under s. 227.42 from the department. If the final
16administrative or judicial proceeding results in a determination that the business
17qualifies as a service-disabled veteran-owned business, the department shall
18immediately certify the business.
AB908,26,20 19(3) Department rule making. The department shall promulgate rules
20establishing procedures to implement sub. (2).
AB908, s. 76 21Section 76. 560.035 (title) of the statutes is amended to read:
AB908,26,22 22560.035 (title) Database of women's Woman-owned businesses.
AB908, s. 77 23Section 77. 560.035 of the statutes is renumbered 560.035 (2) (a) and amended
24to read:
AB908,27,5
1560.035 (2) (a) The department shall develop, maintain, and keep current a
2computer database of woman-owned businesses in the state that are owned by
3women
, containing demographic statistics and information on the types of industries
4represented, sales volume and growth rates, generation of jobs by both new and
5existing businesses and any other relevant characteristics.
AB908, s. 78 6Section 78. 560.035 (1) and (2) (title) and (b) to (i) of the statutes are created
7to read:
AB908,27,98 560.035 (1) Definition. In this section, "woman-owned business" means a
9business that satisfies all of the following criteria:
AB908,27,1210 (a) At least 51 percent of the business is owned by one or more women who are
11citizens of the United States or who are persons lawfully admitted to the United
12States for permanent residence, as defined in 8 USC 1101 (a) (20).
AB908,27,1413 (b) One or more women control the management and daily operations of the
14business.
AB908,27,15 15(2) (title) Woman-owned business database and certification.
AB908,27,1916 (b) The department shall establish and periodically update a list of certified
17woman-owned businesses. Any business may apply to the department for
18certification. For purposes of this paragraph, a "business" includes a financial
19adviser or investment firm.
AB908,27,2320 (c) The department shall certify a business incorporated under ch. 180 or
21having its principal place of business in this state if the department, after conducting
22an investigation, determines that the business qualifies as a woman-owned
23business under sub. (1) and any rules promulgated under sub. (3).
AB908,28,524 (d) The department, without investigation, may certify a business incorporated
25in this state or having its principal place of business in this state if the business is

1certified or otherwise classified as a woman-owned business by an agency of this or
2another state or the federal government, or by a private business with expertise in
3certifying woman-owned businesses if the private business uses substantially the
4same procedures as those used by the department in making a determination under
5par. (c).
AB908,28,126 (e) If the business applying for certification is not incorporated under ch. 180
7or does not have its principal place of business in this state, the department may
8certify it if it meets the conditions specified under par. (c) or (d) and if the state in
9which the business is incorporated or has its principal place of business has a
10statutory woman-owned business procurement program and the business qualifies
11for participation in that program under a procedure substantially equivalent to the
12procedure used by the department in making a determination under par. (c).
AB908,28,1513 (f) The department may charge each business applying for certification under
14par. (e) a fee to cover the department's expenses in making the certification
15determination.
AB908,28,2116 (g) If a business refuses to provide the department with sufficient information
17to enable it to conduct an investigation or if the business does not qualify for
18certification under par. (c), (d), or (e), the department shall deny the application. A
19business whose application is denied may, within 30 days after the date of the denial,
20appeal in writing to the secretary. The secretary shall enter his or her final decision
21within 30 days after receiving the appeal.
AB908,29,222 (h) The department may, at the request of any state agency, or at its own
23discretion, examine any business certified under this subsection to verify that it
24qualifies for certification. The business shall provide the department with any
25records or information necessary to complete the examination. If the business fails

1to comply with a reasonable request for records or information, the department shall
2decertify it.
AB908,29,133 (i) If the department, after an examination under par. (h), determines that a
4business does not qualify as a woman-owned business, the department shall notify
5the business and the department of administration that it intends to decertify the
6business. The business may, within 30 days after the notice is sent, appeal in writing
7to the secretary. The secretary shall enter his or her final decision within 30 days
8after receiving the appeal. If the secretary confirms the decision of the department,
9the department shall immediately decertify the business. A decertified business
10may, within 30 days after the secretary's decision, request a contested case hearing
11under s. 227.42 from the department. If the final administrative or judicial
12proceeding results in a determination that the business qualifies as a woman-owned
13business, the department shall immediately certify the business.
AB908, s. 79 14Section 79. 560.035 (3) of the statutes is created to read:
AB908,29,1615 560.035 (3) Department rule making. The department shall promulgate rules
16establishing procedures to implement sub. (2).
AB908, s. 80 17Section 80. Initial applicability.
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