AB908,5,2216 5. In determining whether a purchase, contract, or subcontract complies with
17the goal established under par. (b) or s. 16.855 (10m), 16.87 (2), or 25.185 the
18department shall include only amounts paid to minority, woman-owned, and service
19-disabled veteran-owned
businesses,; minority, woman-owned, and
20service-disabled veteran
financial advisers; and minority, woman-owned, and
21service-disabled veteran
investment firms certified by the department of commerce
22under s. 560.036 (2)
.
AB908, s. 8 23Section 8. 16.855 (10m) (a) of the statutes is renumbered 16.855 (10m) (am)
241. and amended to read:
AB908,6,4
116.855 (10m) (am) 1. In awarding construction contracts the department shall
2attempt to ensure that 5% 8 percent of the total amount expended in each fiscal year
3is awarded to contractors and subcontractors which are minority businesses, as
4defined under s. 16.75 (3m) (a)
.
AB908,6,7 54. The department may award any contract to a minority business,
6woman-owned business, or service-disabled veteran-owned business
that submits
7a qualified responsible bid that is no more than 5% higher than the apparent low bid.
AB908, s. 9 8Section 9. 16.855 (10m) (ac) of the statutes is created to read:
AB908,6,99 16.855 (10m) (ac) In this subsection:
AB908,6,1110 1. "Minority business" means a business certified by the department of
11commerce under s. 560.036 (2).
AB908,6,1312 2. "Service-disabled veteran-owned business" means a business certified by
13the department of commerce under s. 560.033 (2).
AB908,6,1514 3. "Woman-owned business" means a business certified by the department of
15commerce under s. 560.035 (2).
AB908, s. 10 16Section 10. 16.855 (10m) (am) 2. of the statutes is created to read:
AB908,6,1917 16.855 (10m) (am) 2. In awarding construction contracts the department shall
18attempt to ensure that 5 percent of the total amount expended in each fiscal year is
19awarded to contractors and subcontractors that are woman-owned businesses.
AB908, s. 11 20Section 11. 16.855 (10m) (am) 3. of the statutes is created to read:
AB908,6,2421 16.855 (10m) (am) 3. In awarding construction contracts, the department shall
22attempt to ensure that 2 percent of the total amount expended in each fiscal year is
23awarded to contractors and subcontractors that are service-disabled veteran-owned
24businesses.
AB908, s. 12 25Section 12. 16.855 (10m) (b) of the statutes is amended to read:
AB908,7,4
116.855 (10m) (b) Upon completion of any contract, the contractor shall report
2to the department any amount of the contract that was subcontracted to minority
3businesses, woman-owned businesses, or service-disabled veteran-owned
4businesses
.
AB908, s. 13 5Section 13. 16.855 (10m) (c) of the statutes is amended to read:
AB908,7,96 16.855 (10m) (c) The department shall maintain and annually publish data on
7contracts awarded to minority businesses, woman-owned businesses, and
8service-disabled veteran-owned businesses
under this subsection and ss. 16.87 and
984.075.
AB908, s. 14 10Section 14. 16.855 (14) (a) of the statutes is amended to read:
AB908,7,2111 16.855 (14) (a) If the estimated construction cost of a project exceeds $100,000
12and bids are required to be solicited under sub. (2), the department shall take both
13single bids and separate bids on any division of the work that it designates. If the
14estimated construction cost of a project does not exceed $100,000 and bids are
15required to be solicited under sub. (2), the department may take single bids or
16separate bids on any division of the work that it designates. If the department
17awards contracts by the division of work, the department shall award the contracts
18according to the division of work selected for bidding. Except as provided in sub.
19(10m) (a) (am), the department shall award all contracts to the lowest qualified
20responsible bidder or bidders that result in the lowest total construction cost for the
21project.
AB908, s. 15 22Section 15. 16.87 (1) (d) of the statutes is created to read:
AB908,7,2423 16.87 (1) (d) "Minority business" means a business certified by the department
24of commerce under s. 560.036 (2).
AB908, s. 16 25Section 16. 16.87 (1) (e) of the statutes is created to read:
AB908,8,2
116.87 (1) (e) "Service-disabled veteran-owned business" means a business
2certified by the department of commerce under s. 560.033 (2).
AB908, s. 17 3Section 17. 16.87 (1) (f) of the statutes is created to read:
AB908,8,54 16.87 (1) (f) "Woman-owned business" means a business certified by the
5department of commerce under s. 560.035 (2).
AB908, s. 18 6Section 18. 16.87 (2) of the statutes is renumbered 16.87 (2) (a) and amended
7to read:
AB908,8,128 16.87 (2) (a) A contract for engineering services or architectural services or a
9contract involving an expenditure of $10,000 or more for construction work, or
10$30,000 or more for limited trades work, to be done for or furnished to the state or
11a department, board, commission or officer of the state is exempt from the
12requirements of ss. 16.705 and 16.75.
AB908,8,15 13(b) The department shall attempt to ensure that 5% 8 percent of the total
14amount expended under this section in each fiscal year is paid to minority
15businesses, as defined in s. 16.75 (3m) (a).
AB908, s. 19 16Section 19. 16.87 (2) (c) of the statutes is created to read:
AB908,8,1917 16.87 (2) (c) The department shall attempt to ensure that 5 percent of the total
18amount expended under this section in each fiscal year is paid to woman-owned
19businesses.
AB908, s. 20 20Section 20. 16.87 (2) (d) of the statutes is created to read:
AB908,8,2321 16.87 (2) (d) The department shall attempt to ensure that 2 percent of the total
22amount expended under this section in each fiscal year is paid to service-disabled
23veteran-owned businesses.
AB908, s. 21 24Section 21. 18.16 (title) of the statutes is amended to read:
AB908,9,2
118.16 (title) Minority, woman-owned, and service-disabled veteran
2financial advisers and investment firms.
AB908, s. 22 3Section 22. 18.16 (1) of the statutes is repealed and recreated to read:
AB908,9,54 18.16 (1) (a) "Minority financial adviser" means a financial adviser certified by
5the department of commerce under s. 560.036 (2).
AB908,9,76 (b) "Minority investment firm" means an investment firm certified by the
7department of commerce under s. 560.036 (2).
AB908,9,98 (c) "Service-disabled veteran financial adviser" means a financial adviser
9certified by the department of commerce under s. 560.033 (2).
AB908,9,1110 (d) "Service-disabled veteran investment firm" means an investment firm
11certified by the department of commerce under s. 560.033 (2).
AB908,9,1312 (e) "Woman-owned financial adviser" means a financial adviser certified by the
13department of commerce under s. 560.035 (2).
AB908,9,1514 (f) "Woman-owned investment firm" means an investment firm certified by the
15department of commerce under s. 560.035 (2).
AB908, s. 23 16Section 23. 18.16 (2) of the statutes is renumbered 18.16 (2) (a) and amended
17to read:
AB908,9,2118 18.16 (2) (a) Except as provided under sub. (7), in contracting public debt by
19competitive sale, the commission shall ensure that at least 6% 8 percent of total
20public indebtedness contracted in each fiscal year is underwritten by minority
21investment firms.
AB908, s. 24 22Section 24. 18.16 (2) (b) and (c) of the statutes are created to read:
AB908,9,2423 18.16 (2) (b) Except as provided in sub. (7), in contracting public debt by
24competitive sale, the commission shall ensure that at least 5 percent of the total

1public indebtedness contracted in each fiscal year is underwritten by woman-owned
2investment firms.
AB908,10,63 (c) Except as provided in sub. (7), in contracting public debt by competitive sale,
4the commission shall ensure that at least 2 percent of the total public indebtedness
5contracted in each fiscal year is underwritten by service-disabled veteran
6investment firms.
AB908, s. 25 7Section 25. 18.16 (3) of the statutes is renumbered 18.16 (3) (a) and amended
8to read:
AB908,10,129 18.16 (3) (a) Except as provided under sub. (7), in contracting public debt by
10negotiated sale, the commission shall ensure that at least 6% 8 percent of total public
11indebtedness contracted in each fiscal year is underwritten by minority investment
12firms.
AB908, s. 26 13Section 26. 18.16 (3) (b) and (c) of the statutes are created to read:
AB908,10,1614 18.16 (3) (b) Except as provided under sub. (7), in contracting public debt by
15negotiated sale, the commission shall ensure that at least 5 percent of the total public
16indebtedness in each fiscal year is underwritten by woman-owned investment firms.
AB908,10,2017 (c) Except as provided under sub. (7), in contracting public debt by negotiated
18sale, the commission shall ensure that at least 5 percent of total public indebtedness
19contracted in each fiscal year is underwritten by service-disabled veteran
20investment firms.
AB908, s. 27 21Section 27. 18.16 (4) of the statutes is renumbered 18.16 (4) (a) and amended
22to read:
AB908,11,223 18.16 (4) (a) Except as provided under sub. (7), in contracting public debt by
24competitive sale or negotiated sale, the commission shall ensure that at least 6% 8

1percent
of the total moneys expended in each fiscal year for the services of financial
2advisers are expended for the services of minority financial advisers.
AB908, s. 28 3Section 28. 18.16 (4) (b) and (c) of the statutes are created to read:
AB908,11,74 18.16 (4) (b) Except as provided under sub. (7), in contracting public debt by
5competitive sale or negotiated sale, the commission shall ensure that at least 5
6percent of the total moneys expended in each fiscal year for the services of financial
7advisers are expended for the services of woman-owned financial advisers.
AB908,11,118 (c) Except as provided under sub. (7), in contracting public debt by competitive
9sale or negotiated sale, the commission shall ensure that at least 2 percent of the total
10moneys expended in each fiscal year for the services of financial advisers are
11expended for the services of service-disabled veteran financial advisers.
AB908, s. 29 12Section 29. 18.16 (5) of the statutes is amended to read:
AB908,11,1713 18.16 (5) Except as provided under s. 18.06 (9) and sub. (7), an individual
14underwriter or syndicate of underwriters shall ensure that each bid or proposal,
15submitted by that individual or syndicate in a competitive or negotiated sale of public
16debt, provides for a portion of sales to minority investment firms , woman-owned
17investment firms, and service-disabled veteran investment firms
.
AB908, s. 30 18Section 30. 18.16 (6) of the statutes is amended to read:
AB908,11,2519 18.16 (6) The commission shall annually report to the department of
20administration the total amount of public indebtedness contracted with the
21underwriting services of minority investment firms, woman-owned investment
22firms, and service-disabled veteran investment firms
and the total amount of
23moneys expended for the services of minority financial advisers, woman-owned
24financial advisers, and service-disabled veteran financial advisers
during the
25preceding fiscal year.
AB908, s. 31
1Section 31. 18.64 (title) of the statutes is amended to read:
AB908,12,3 218.64 (title) Minority, woman-owned, and service-disabled veteran
3financial advisers and investment firms.
AB908, s. 32 4Section 32. 18.64 (1) of the statutes is repealed and recreated to read:
AB908,12,65 18.64 (1) (a) "Minority financial adviser" means a financial adviser certified by
6the department of commerce under s. 560.036 (2).
AB908,12,87 (b) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB908,12,109 (c) "Service-disabled veteran financial adviser" means a financial adviser
10certified by the department of commerce under s. 560.033 (2).
AB908,12,1211 (d) "Service-disabled veteran investment firm" means an investment firm
12certified by the department of commerce under s. 560.033 (2).
AB908,12,1413 (e) "Woman-owned financial adviser" means a financial adviser certified by the
14department of commerce under s. 560.035 (2).
AB908,12,1615 (f) "Woman-owned investment firm" means an investment firm certified by the
16department of commerce under s. 560.035 (2).
AB908, s. 33 17Section 33. 18.64 (2) of the statutes is renumbered 18.64 (2) (a) and amended
18to read:
AB908,12,2219 18.64 (2) (a) Except as provided under sub. (7), in issuing evidences of revenue
20obligations by competitive sale, the commission shall ensure that at least 6% 8
21percent
of the total of revenue obligations contracted in each fiscal year is
22underwritten by minority investment firms.
AB908, s. 34 23Section 34. 18.64 (2) (b) and (c) of the statutes are created to read:
AB908,13,224 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue
25obligations by competitive sale, the commission shall ensure that at least 5 percent

1of the total of revenue obligations contracted in each fiscal year is underwritten by
2woman-owned investment firms.
AB908,13,63 (c) Except as provided under sub. (7), in issuing evidences of revenue
4obligations by competitive sale, the commission shall ensure that at least 2 percent
5of the total of revenue obligations contracted in each fiscal year is underwritten by
6service-disabled veteran investment firms.
AB908, s. 35 7Section 35. 18.64 (3) of the statutes is renumbered 18.64 (3) (a) and amended
8to read:
AB908,13,129 18.64 (3) (a) Except as provided under sub. (7), in issuing evidences of revenue
10obligations by negotiated sale, the commission shall ensure that at least 6% 8 percent
11of the total of revenue obligations contracted in each fiscal year is underwritten by
12minority investment firms.
AB908, s. 36 13Section 36. 18.64 (3) (b) and (c) of the statutes are created to read:
AB908,13,1714 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue
15obligations by negotiated sale, the commission shall ensure that at least 5 percent
16of the total of revenue obligations contracted in each fiscal year is underwritten by
17woman-owned investment firms.
AB908,13,2118 (c) Except as provided under sub. (7), in issuing evidences of revenue
19obligations by negotiated sale, the commission shall ensure that at least 2 percent
20of the total of revenue obligations contracted in each fiscal year is underwritten by
21service-disabled veteran investment firms.
AB908, s. 37 22Section 37. 18.64 (4) of the statutes is renumbered 18.64 (4) (a) and amended
23to read:
AB908,14,224 18.64 (4) (a) Except as provided under sub. (7), in issuing evidences of revenue
25obligations by competitive sale or negotiated sale, the commission shall ensure that

1at least 6% 8 percent of the total moneys expended in such fiscal year for the services
2of financial advisers are expended for the services of minority financial advisers.
AB908, s. 38 3Section 38. 18.64 (4) (b) and (c) of the statutes are created to read:
AB908,14,74 18.64 (4) (b) Except as provided under sub. (7), in issuing evidences of revenue
5obligations by competitive sale or negotiated sale, the commission shall ensure that
6at least 5 percent of the total moneys expended in such fiscal year for the services of
7financial advisers are expended for the services of woman-owned financial advisers.
AB908,14,128 (c) Except as provided under sub. (7), in issuing evidences of revenue
9obligations by competitive sale or negotiated sale, the commission shall ensure that
10at least 2 percent of the total moneys expended in such fiscal year for the services of
11financial advisers are expended for the services of service-disabled veteran financial
12advisers.
AB908, s. 39 13Section 39. 18.64 (5) of the statutes is amended to read:
AB908,14,1814 18.64 (5) Except as provided under sub. (7), an individual underwriter or
15syndicate of underwriters shall ensure that each bid or proposal, submitted by that
16individual or syndicate in a competitive or negotiated sale of a revenue obligation,
17provides for a portion of sales to minority investment firms, woman-owned
18investment firms, and service-disabled veteran investment firms
.
AB908, s. 40 19Section 40. 18.64 (6) of the statutes is amended to read:
AB908,15,220 18.64 (6) The commission shall annually report to the department of
21administration the total amount of revenue obligations contracted with the
22underwriting services of minority investment firms, woman-owned investment
23firms, and service-disabled veteran investment firms
and the total amount of
24moneys expended for the services of minority financial advisers, woman-owned

1financial advisers, and service-disabled veteran financial advisers
during the
2preceding fiscal year.
AB908, s. 41 3Section 41. 18.77 (title) of the statutes is amended to read:
Loading...
Loading...