LRB-2754/1
RAC:kjf:rs
2005 - 2006 LEGISLATURE
May 19, 2005 - Introduced by Representatives Fields, Turner, Cullen, Pocan,
Berceau, Grigsby, Young, Bies, Wood and A. Williams, cosponsored by
Senators Coggs and Taylor. Referred to Committee on Financial Institutions.
AB434,1,2
1An Act to amend 25.185 (2) of the statutes;
relating to: the Investment Board
2and services of minority financial advisers and minority investment firms.
Analysis by the Legislative Reference Bureau
Under current law, the Investment Board must try to ensure that 5 percent of
the total funds expended for financial and investment analysis and for common stock
and convertible bond brokerage commissions in each fiscal year is expended for the
services of minority financial advisers or minority investment firms. This bill
increases that amount to at least 10 percent of such funds.
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:
AB434, s. 1
3Section
1. 25.185 (2) of the statutes is amended to read:
AB434,2,24
25.185
(2) The board shall attempt to ensure that
5% at least 10 percent of the
5total funds expended for financial and investment analysis and for common stock
1and convertible bond brokerage commissions in each fiscal year is expended for the
2services of minority financial advisers or minority investment firms.
