AB228,12,87 (b) "Disabled veteran-owned investment firm" means an investment firm
8certified by the department of commerce under s. 560.033 (3).
AB228,12,109 (c) "Minority financial adviser" means a financial adviser certified by the
10department of commerce under s. 560.036 (2).
AB228,12,1211 (d) "Minority investment firm" means an investment firm certified by the
12department of commerce under s. 560.036 (2).
AB228, s. 34 13Section 34. 18.64 (2) of the statutes is renumbered 18.64 (2) (a).
AB228, s. 35 14Section 35. 18.64 (2) (b) of the statutes is created to read:
AB228,12,1815 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue
16obligations by competitive sale, the commission shall make efforts to ensure that a
17portion of the total of revenue obligations contracted in each fiscal year is
18underwritten by disabled veteran-owned investment firms.
AB228, s. 36 19Section 36. 18.64 (3) of the statutes is renumbered 18.64 (3) (a).
AB228, s. 37 20Section 37. 18.64 (3) (b) of the statutes is created to read:
AB228,12,2421 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue
22obligations by negotiated sale, the commission shall make efforts to ensure that a
23portion of the total of revenue obligations contracted in each fiscal year is
24underwritten by disabled veteran-owned investment firms.
AB228, s. 38 25Section 38. 18.64 (4) of the statutes is renumbered 18.64 (4) (a).
AB228, s. 39
1Section 39. 18.64 (4) (b) of the statutes is created to read:
AB228,13,62 18.64 (4) (b) Except as provided under sub. (7), in issuing evidences of revenue
3obligations by competitive sale or negotiated sale, the commission shall make efforts
4to ensure that a portion of the total moneys expended in each fiscal year for the
5services of financial advisers are expended for the services of disabled
6veteran-owned financial advisers.
AB228, s. 40 7Section 40. 18.64 (5) of the statutes is renumbered 18.64 (5) (a).
AB228, s. 41 8Section 41. 18.64 (5) (b) of the statutes is created to read:
AB228,13,139 18.64 (5) (b) Except as provided under sub. (7), an individual underwriter or
10syndicate of underwriters shall make efforts to ensure that each bid or proposal,
11submitted by that individual or syndicate in a competitive or negotiated sale of a
12revenue obligation, provides for a portion of sales to disabled veteran-owned
13investment firms.
AB228, s. 42 14Section 42. 18.64 (6) of the statutes is amended to read:
AB228,13,2015 18.64 (6) The commission shall annually report to the department of
16administration the total amount of revenue obligations contracted with the
17underwriting services of minority investment firms and disabled veteran-owned
18investment firms
and the total amount of moneys expended for the services of
19minority financial advisers and disabled veteran-owned financial advisers during
20the preceding fiscal year.
AB228, s. 43 21Section 43. 18.77 (title) of the statutes is amended to read:
AB228,13,23 2218.77 (title) Minority financial advisers and investment firms; disabled
23veteran-owned financial advisers and investment firms
.
AB228, s. 44 24Section 44. 18.77 (1) of the statutes is repealed and recreated to read:
AB228,13,2525 18.77 (1) In this section:
AB228,14,2
1(a) "Disabled veteran-owned financial adviser" means a financial adviser
2certified by the department of commerce under s. 560.033 (3).
AB228,14,43 (b) "Disabled veteran-owned investment firm" means an investment firm
4certified by the department of commerce under s. 560.033 (3).
AB228,14,65 (c) "Minority financial adviser" means a financial adviser certified by the
6department of commerce under s. 560.036 (2).
AB228,14,87 (d) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB228, s. 45 9Section 45. 18.77 (2) of the statutes is renumbered 18.77 (2) (a).
AB228, s. 46 10Section 46. 18.77 (2) (b) of the statutes is created to read:
AB228,14,1411 18.77 (2) (b) Except as provided under sub. (7), in contracting operating notes
12by competitive sale, the commission shall make efforts to ensure that a portion of
13total operating note indebtedness contracted in each fiscal year is underwritten by
14disabled veteran-owned investment firms.
AB228, s. 47 15Section 47. 18.77 (3) of the statutes is renumbered 18.77 (3) (a).
AB228, s. 48 16Section 48. 18.77 (3) (b) of the statutes is created to read:
AB228,14,2017 18.77 (3) (b) Except as provided under sub. (7), in contracting operating notes
18by negotiated sale, the commission shall make efforts to ensure that a portion of total
19operating note indebtedness contracted in each fiscal year is underwritten by
20disabled veteran-owned investment firms.
AB228, s. 49 21Section 49. 18.77 (4) of the statutes is renumbered 18.77 (4) (a).
AB228, s. 50 22Section 50. 18.77 (4) (b) of the statutes is created to read:
AB228,15,223 18.77 (4) (b) Except as provided under sub. (7), in contracting operating notes
24by competitive sale or negotiated sale, the commission shall make efforts to ensure
25that a portion of the total moneys expended in such fiscal year for the services of

1financial advisers are expended for the services of disabled veteran-owned financial
2advisers.
AB228, s. 51 3Section 51. 18.77 (5) of the statutes is renumbered 18.77 (5) (a).
AB228, s. 52 4Section 52. 18.77 (5) (b) of the statutes is created to read:
AB228,15,95 18.77 (5) (b) Except as provided under sub. (7), an individual underwriter or
6syndicate of underwriters shall make efforts to ensure that each bid or proposal,
7submitted by that individual or syndicate in a competitive or negotiated sale of an
8operating note, provides for a portion of sales to disabled veteran-owned investment
9firms.
AB228, s. 53 10Section 53. 18.77 (6) of the statutes is amended to read:
AB228,15,1511 18.77 (6) The commission shall annually report to the department of
12administration the total amount of operating note indebtedness contracted with the
13underwriting services of minority investment firms and the total amount of moneys
14expended for the services of minority financial advisers and disabled veteran-owned
15financial advisers
during the preceding fiscal year.
AB228, s. 54 16Section 54. 23.41 (6) of the statutes is amended to read:
AB228,15,1917 23.41 (6) The department shall attempt to ensure that at least 5% of the total
18amount expended under this section in each fiscal year is paid to minority
19businesses, as defined in s. 16.75 (3m) (a) 4.
AB228, s. 55 20Section 55. 25.185 (title) of the statutes is amended to read:
AB228,15,22 2125.185 (title) Minority financial advisers and investment firms;
22disabled veteran-owned financial advisers and investment firms
.
AB228, s. 56 23Section 56. 25.185 (1) of the statutes is repealed and recreated to read:
AB228,15,2424 25.185 (1) In this section:
AB228,16,2
1(a) "Disabled veteran-owned financial adviser" means a financial adviser
2certified by the department of commerce under s. 560.033 (3).
AB228,16,43 (b) "Disabled veteran-owned investment firm" means an investment firm
4certified by the department of commerce under s. 560.033 (3).
AB228,16,65 (c) "Minority financial adviser" means a financial adviser certified by the
6department of commerce under s. 560.036 (2).
AB228,16,87 (d) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB228, s. 57 9Section 57. 25.185 (3) of the statutes is amended to read:
AB228,16,1410 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 and disabled
13veteran-owned
financial advisers, and the services of minority and disabled
14veteran-owned
investment firms during the preceding fiscal year.
AB228, s. 58 15Section 58. 84.075 (title) of the statutes is amended to read:
AB228,16,17 1684.075 (title) Contracting with minority businesses and disabled
17veteran-owned businesses
.
AB228, s. 59 18Section 59. 84.075 (1) of the statutes is renumbered 84.075 (1m) (a) and
19amended to read:
AB228,17,220 84.075 (1m) (a) In purchasing services under s. 84.01 (13), in awarding
21construction contracts under s. 84.06 and in contracting with private contractors and
22agencies under s. 84.07, the department shall attempt to ensure that 5% 5 percent
23of the total amount expended in each fiscal year is paid to contractors,
24subcontractors, and vendors which that are minority businesses, as defined under
25s. 560.036 (1) (e) 1
. In attempting to meet this goal, the department may award any

1contract to a minority business that submits a qualified responsible bid that is no
2more than 5% 5 percent higher than the low bid.
AB228, s. 60 3Section 60. 84.075 (1c) of the statutes is created to read:
AB228,17,44 84.075 (1c) In this section:
AB228,17,65 (a) "Disabled veteran-owned business" means a business certified by the
6department of commerce under s. 560.033 (3).
AB228,17,87 (b) "Minority business" means a business certified by the department of
8commerce under s. 560.036 (2).
AB228, s. 61 9Section 61. 84.075 (1m) (b) of the statutes is created to read:
AB228,17,1710 84.075 (1m) (b) In purchasing services under s. 84.01 (13), in awarding
11construction contracts under s. 84.06 and in contracting with private contractors and
12agencies under s. 84.07, the department may award any contract to a disabled
13veteran-owned business that submits a qualified responsible bid that is no more
14than 5 percent higher than the low bid unless doing so would violate the provisions
15of any federal law or regulation or any contract between the department and a
16federal agency or would otherwise result in a reduction of the amount of federal
17highway aid received by this state.
AB228, s. 62 18Section 62. 84.075 (2) of the statutes is amended to read:
AB228,17,2119 84.075 (2) The contractor shall report to the department any amount of the
20contract paid to subcontractors and vendors which are minority businesses or
21disabled veteran-owned businesses
.
AB228, s. 63 22Section 63. 84.075 (3) of the statutes is amended to read:
AB228,18,623 84.075 (3) The department shall at least semiannually, or more often if
24required by the department of administration, report to the department of
25administration the total amount of money it has paid to contractors, subcontractors,

1and vendors which that are minority businesses and that are disabled
2veteran-owned businesses
under ss. 84.01 (13), 84.06, and 84.07 and the number of
3contacts with minority businesses and disabled veteran-owned businesses in
4connection with proposed purchases and contracts. In its reports, the department
5shall include only amounts paid to businesses certified by the department of
6commerce
as minority businesses or disabled veteran-owned businesses.
AB228, s. 64 7Section 64. 85.25 (2) (c) (intro.) of the statutes is amended to read:
AB228,18,88 85.25 (2) (c) (intro.) "Disadvantaged business" means a any of the following:
AB228,18,10 91m. A sole proprietorship, partnership, limited liability company, joint venture
10or corporation that fulfills all of the following requirements:
AB228, s. 65 11Section 65. 85.25 (2) (c) 1. and 2. of the statutes are renumbered 85.25 (2) (c)
121m. a. and b.
AB228, s. 66 13Section 66. 85.25 (2) (c) 2m. of the statutes is created to read:
AB228,18,1514 85.25 (2) (c) 2m. A disabled veteran-owned business, as defined in s. 84.075 (1c)
15(a).
AB228, s. 67 16Section 67. 200.57 (title) of the statutes is amended to read:
AB228,18,18 17200.57 (title) Minority financial advisers and investment firms and
18disabled veteran-owned businesses
.
AB228, s. 68 19Section 68. 200.57 (1) of the statutes is renumbered 200.57 (1) (intro.) and
20amended to read:
AB228,18,2121 200.57 (1) In this section, "minority :
AB228,18,24 22(b) "Minority financial adviser" and "minority investment firm" mean a
23financial adviser and investment firm, respectively, certified by the department of
24commerce under s. 560.036 (2).
AB228, s. 69 25Section 69. 200.57 (1) (a) of the statutes is created to read:
AB228,19,3
1200.57 (1) (a) "Disabled veteran-owned financial adviser" and "disabled
2veteran-owned investment firm" mean a financial adviser and investment firm,
3respectively, certified by the department of commerce under s. 560.033 (3)
AB228, s. 70 4Section 70. 200.57 (3) of the statutes is created to read:
AB228,19,95 200.57 (3) The commission shall make efforts to ensure that a portion of the
6total funds expended for financial and investment analysis and for common stock
7and convertible bond brokerage commissions in each fiscal year is expended for the
8services of disabled veteran-owned financial advisers or disabled veteran-owned
9investment firms.
AB228, s. 71 10Section 71. 229.46 (1) (a) of the statutes is renumbered 229.46 (1) (am).
AB228, s. 72 11Section 72. 229.46 (1) (ag) of the statutes is created to read:
AB228,19,1312 229.46 (1) (ag) "Disabled veteran-owned business" means a business certified
13by the department of commerce under s. 560.033 (3).
AB228, s. 73 14Section 73. 229.46 (2) (intro.) of the statutes is amended to read:
AB228,19,2015 229.46 (2) (intro.) A person who is awarded a contract by a district shall agree,
16as a condition to receiving the contract, that at least 25% of the employees hired
17because of the contract will be minority group members and at least 5% of the
18employees hired because of the contract will be women, and shall make efforts to
19ensure that a portion of the employees hired because of the contract will be employees
20of a disabled veteran-owned business,
if any of the following applies:
AB228, s. 74 21Section 74. 229.46 (3) (intro.) of the statutes is amended to read:
AB228,20,322 229.46 (3) (intro.) At least 25% of the aggregate dollar value of contracts
23awarded by the district in the following areas shall be awarded to minority
24businesses and at least 5% of the aggregate dollar value of contracts awarded by the
25district in the following areas shall be awarded to women's businesses , and the

1district shall make efforts to ensure that a portion of the aggregate dollar value of
2contracts awarded by the district in the following areas shall be awarded to disabled
3veteran-owned businesses
:
AB228, s. 75 4Section 75. 229.70 (title) of the statutes is amended to read:
AB228,20,6 5229.70 (title) Minority contracting goals ; disabled veteran-owned
6business contracting goals
.
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