AB924: Bill Text

AB924,15,22 25.185 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

AB924, s. 56 Section 56. 25.185 (1) of the statutes is repealed and recreated to read:

AB924,15,24 25.185 (1) In this section:

AB924,16,2 (a) "Disabled veteran-owned financial adviser" means a financial adviser certified by the department of commerce under s. 560.033 (3).

AB924,16,4 (b) "Disabled veteran-owned investment firm" means an investment firm certified by the department of commerce under s. 560.033 (3).

AB924,16,6 (c) "Minority financial adviser" means a financial adviser certified by the department of commerce under s. 560.036 (2).

AB924,16,8 (d) "Minority investment firm" means an investment firm certified by the department of commerce under s. 560.036 (2).

AB924, s. 57 Section 57. 25.185 (3) of the statutes is amended to read:

AB924,16,14 25.185 (3) The board shall annually report to the department of administration the total amount of moneys expended under sub. (2) for common stock and convertible bond brokerage commissions, the services of minority and disabled veteran-owned financial advisers, and the services of minority and disabled veteran-owned investment firms during the preceding fiscal year.

AB924, s. 58 Section 58. 84.075 (title) of the statutes is amended to read:

AB924,16,17 84.075 (title) Contracting with minority businesses and disabled veteran-owned businesses.

AB924, s. 59 Section 59. 84.075 (1) of the statutes is renumbered 84.075 (1m) (a) and amended to read:

AB924,17,2 84.075 (1m) (a) In purchasing services under s. 84.01 (13), in awarding construction contracts under s. 84.06 and in contracting with private contractors and agencies under s. 84.07, the department shall attempt to ensure that 5% 5 percent of the total amount expended in each fiscal year is paid to contractors, subcontractors, and vendors which that are minority businesses, as defined under s. 560.036 (1) (e) 1. In attempting to meet this goal, the department may award any contract to a minority business that submits a qualified responsible bid that is no more than 5% 5 percent higher than the low bid.

AB924, s. 60 Section 60. 84.075 (1c) of the statutes is created to read:

AB924,17,4 84.075 (1c) In this section:

AB924,17,6 (a) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB924,17,8 (b) "Minority business" means a business certified by the department of commerce under s. 560.036 (2).

AB924, s. 61 Section 61. 84.075 (1m) (b) of the statutes is created to read:

AB924,17,17 84.075 (1m) (b) In purchasing services under s. 84.01 (13), in awarding construction contracts under s. 84.06 and in contracting with private contractors and agencies under s. 84.07, the department may award any contract to a disabled veteran-owned business that submits a qualified responsible bid that is no more than 5 percent higher than the low bid unless doing so would violate the provisions of any federal law or regulation or any contract between the department and a federal agency or would otherwise result in a reduction of the amount of federal highway aid received by this state.

AB924, s. 62 Section 62. 84.075 (2) of the statutes is amended to read:

AB924,17,21 84.075 (2) The contractor shall report to the department any amount of the contract paid to subcontractors and vendors which are minority businesses or disabled veteran-owned businesses.

AB924, s. 63 Section 63. 84.075 (3) of the statutes is amended to read:

AB924,18,6 84.075 (3) The department shall at least semiannually, or more often if required by the department of administration, report to the department of administration the total amount of money it has paid to contractors, subcontractors, and vendors which that are minority businesses and that are disabled veteran-owned businesses under ss. 84.01 (13), 84.06, and 84.07 and the number of contacts with minority businesses and disabled veteran-owned businesses in connection with proposed purchases and contracts. In its reports, the department shall include only amounts paid to businesses certified by the department of commerce as minority businesses or disabled veteran-owned businesses.

AB924, s. 64 Section 64. 85.25 (2) (c) (intro.) of the statutes is amended to read:

AB924,18,8 85.25 (2) (c) (intro.) "Disadvantaged business" means a any of the following:

AB924,18,10 1m. A sole proprietorship, partnership, limited liability company, joint venture or corporation that fulfills all of the following requirements:

AB924, s. 65 Section 65. 85.25 (2) (c) 1. and 2. of the statutes are renumbered 85.25 (2) (c) 1m. a. and b.

AB924, s. 66 Section 66. 85.25 (2) (c) 2m. of the statutes is created to read:

AB924,18,15 85.25 (2) (c) 2m. A disabled veteran-owned business, as defined in s. 84.075 (1c) (b).

AB924, s. 67 Section 67. 200.57 (title) of the statutes is amended to read:

AB924,18,18 200.57 (title) Minority financial advisers and investment firms and disabled veteran-owned businesses.

AB924, s. 68 Section 68. 200.57 (1) of the statutes is renumbered 200.57 (1) (intro.) and amended to read:

AB924,18,21 200.57 (1) In this section, "minority :

AB924,18,24 (b) "Minority financial adviser" and "minority investment firm" mean a financial adviser and investment firm, respectively, certified by the department of commerce under s. 560.036 (2).

AB924, s. 69 Section 69. 200.57 (1) (a) of the statutes is created to read:

AB924,19,3 200.57 (1) (a) "Disabled veteran-owned financial adviser" and "disabled veteran-owned investment firm" mean a financial adviser and investment firm, respectively, certified by the department of commerce under s. 560.033 (3)

AB924, s. 70 Section 70. 200.57 (3) of the statutes is created to read:

AB924,19,9 200.57 (3) The commission shall make efforts to ensure that a portion 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 disabled veteran-owned financial advisers or disabled veteran-owned investment firms.

AB924, s. 71 Section 71. 229.46 (1) (a) of the statutes is renumbered 229.46 (1) (am).

AB924, s. 72 Section 72. 229.46 (1) (ag) of the statutes is created to read:

AB924,19,13 229.46 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB924, s. 73 Section 73. 229.46 (2) (intro.) of the statutes is amended to read:

AB924,19,20 229.46 (2) (intro.) A person who is awarded a contract by a district shall agree, as a condition to receiving the contract, that at least 25% of the employees hired because of the contract will be minority group members and at least 5% of the employees hired because of the contract will be women, and shall make efforts to ensure that a portion of the employees hired because of the contract will be employees of a disabled veteran-owned business, if any of the following applies:

AB924, s. 74 Section 74. 229.46 (3) (intro.) of the statutes is amended to read:

AB924,20,3 229.46 (3) (intro.) At least 25% of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to minority businesses and at least 5% of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to women's businesses , and the district shall make efforts to ensure that a portion of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to disabled veteran-owned businesses:

AB924, s. 75 Section 75. 229.70 (title) of the statutes is amended to read:

AB924,20,6 229.70 (title) Minority contracting goals ; disabled veteran-owned business contracting goals.

AB924, s. 76 Section 76. 229.70 (1) (a) of the statutes is renumbered 229.70 (1) (am).

AB924, s. 77 Section 77. 229.70 (1) (ag) of the statutes is created to read:

AB924,20,10 229.70 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB924, s. 78 Section 78. 229.70 (2) of the statutes is amended to read:

AB924,20,19 229.70 (2) The district shall ensure that, for construction work and professional services contracts, a person who is awarded such a contract by a district shall agree, as a condition to receiving the contract, that his or her goal shall be to ensure that at least 25% of the employees hired because of the contract will be minority group members, a portion of the employees hired because of the contract will be employees of a disabled veteran-owned business, and at least 5% of the employees hired because of the contract will be women if the contract is for the construction of any part of baseball park facilities.

AB924, s. 79 Section 79. 229.70 (3) (intro.) of the statutes is amended to read:

AB924,21,2 229.70 (3) (intro.) It shall be a goal of the district to ensure that at least 25% of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to minority businesses, a portion of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to disabled veteran-owned businesses, and at least 5% of the aggregate dollar value of contracts awarded by the district in the following areas shall be awarded to women's businesses:

AB924, s. 80 Section 80. 229.70 (4) of the statutes is amended to read:

AB924,21,8 229.70 (4) It shall be a goal of a district, with regard to each of the contracts described under sub. (3) (a), (b) and (c), to award at least 25% of the dollar value of such contracts to minority businesses, a portion of the dollar value of such contracts to disabled veteran-owned businesses, and at least 5% of the dollar value of such contracts to women's businesses.

AB924, s. 81 Section 81. 229.70 (4m) of the statutes is amended to read:

AB924,21,18 229.70 (4m) (a) The district shall ensure that, for construction work and professional services contracts, a person who is awarded such a contract by a district shall agree, as a condition to receiving the contract, that if he or she is unable to meet the goal under sub. (2), he or she shall make a good faith effort to contract with the technical college district board of the technical college district in which the facilities are to be constructed or the professional services contract is to be performed, to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the construction work or professional services.

AB924,21,24 (b) If the district is unable to meet the goals under subs. (3) and (4), the district shall make a good faith effort to contract with the technical college district board of the technical college district in which the contracts described under sub. (3) (a), (b) and (c) are to be performed, to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the contracts described under sub. (3) (a), (b) and (c).

AB924, s. 82 Section 82. 229.70 (5) (b) 1. of the statutes is amended to read:

AB924,22,4 229.70 (5) (b) 1. The supply of eligible minority businesses, disabled veteran-owned businesses, and women's businesses that have the financial capacity, technical capacity and previous experience in the areas in which contracts were awarded.

AB924, s. 83 Section 83. 229.70 (5) (b) 2. of the statutes is amended to read:

AB924,22,8 229.70 (5) (b) 2. The competing demands for the services provided by eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd. 1., in areas in which contracts were awarded.

AB924, s. 84 Section 84. 229.70 (5) (b) 3. of the statutes is amended to read:

AB924,22,14 229.70 (5) (b) 3. The extent to which the district or contractors advertised for and aggressively solicited bids from eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd. 1., and the extent to which eligible minority businesses, disabled veteran-owned businesses, and women's businesses submitted bids.

AB924, s. 85 Section 85. 229.8273 (title) of the statutes is amended to read:

AB924,22,16 229.8273 (title) Minority, disabled veteran, and women contracting.

AB924, s. 86 Section 86. 229.8273 (1) (am) of the statutes is created to read:

AB924,22,19 229.8273 (1) (am) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB924, s. 87 Section 87. 229.8273 (2) of the statutes is amended to read:

AB924,23,4 229.8273 (2) A district shall ensure that, for construction or renovation work and professional services contracts that relate to the construction or renovation of football stadium facilities that are financed by the proceeds of bonds issued under s. 229.824 (8), a person who is awarded such a contract by the district or by a contractor shall agree, as a condition to receiving the contract, that his or her goal shall be to ensure that at least 15% of the employees hired because of the contract will be minority group members, a portion of the employees hired because of the contract will be employees of a disabled veteran-owned business, and at least 5% of the employees hired because of the contract will be women.

AB924, s. 88 Section 88. 229.8273 (3) of the statutes is amended to read:

AB924,23,12 229.8273 (3) It shall be a goal of the district to ensure that at least 15% of the aggregate dollar value of contracts that relate to the construction or renovation of football stadium facilities that are financed by the proceeds of bonds issued under s. 229.824 (8), shall be awarded to minority businesses, a portion of the aggregate dollar value of contracts awarded by the board shall be awarded to disabled veteran-owned businesses, and at least 5% of the aggregate dollar value of contracts awarded by the board shall be awarded to women's businesses.

AB924, s. 89 Section 89. 229.8273 (4) of the statutes is amended to read:

AB924,23,23 229.8273 (4) (a) The district shall ensure that, for construction or renovation work and professional services contracts described under sub. (2), a person who is awarded such a contract by the district or by a contractor shall agree, as a condition to receiving the contract, that if he or she is unable to meet the goal under sub. (2), he or she shall make a good faith effort to contract with the technical college district board of the technical college district in which the football stadium facilities are to be constructed or renovated, or the professional services contract is to be performed, to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the construction work or professional services.

AB924,24,4 (b) If the district is unable to meet the goals under sub. (3), the district shall make a good faith effort to contract with the technical college district board of the technical college district in which the contracts described under sub. (3) are to be performed to develop appropriate training programs designed to increase the pool of minority group members, disabled veterans, and women who are qualified to perform the contracts described under sub. (3).

AB924, s. 90 Section 90. 229.8273 (5) (b) 1. of the statutes is amended to read:

AB924,24,9 229.8273 (5) (b) 1. The supply of eligible minority businesses, disabled veteran-owned businesses, and women's businesses that have the financial capacity, technical capacity and previous experience in the areas in which contracts were awarded.

AB924, s. 91 Section 91. 229.8273 (5) (b) 2. of the statutes is amended to read:

AB924,24,13 229.8273 (5) (b) 2. The competing demands for the services provided by eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd. 1., in areas in which contracts were awarded.

AB924, s. 92 Section 92. 229.8273 (5) (b) 3. of the statutes is amended to read:

AB924,24,19 229.8273 (5) (b) 3. The extent to which the district or contractors advertised for and aggressively solicited bids from eligible minority businesses, disabled veteran-owned businesses, and women's businesses, as described in subd. 1., and the extent to which eligible minority businesses, disabled veteran-owned businesses, and women's businesses submitted bids.

AB924, s. 93 Section 93. 229.8273 (6) of the statutes is amended to read:

AB924,25,2 229.8273 (6) Annually the legislative audit bureau shall conduct an audit of the district's efforts to achieve the minority participation, disabled veteran participation, and women participation hiring and contracting goals contained in this section. The audit bureau shall distribute a copy of each audit report under this subsection to the district, to the cochairs of the joint committee on finance and to the cochairs of the joint audit committee.

AB924, s. 94 Section 94. 229.845 (title) of the statutes is amended to read:

AB924,25,5 229.845 (title) Minority contracting goals ; disabled veteran-owned business contracting goals.

AB924, s. 95 Section 95. 229.845 (1) (a) of the statutes is renumbered 229.845 (1) (am).

AB924, s. 96 Section 96. 229.845 (1) (ag) of the statutes is created to read:

AB924,25,9 229.845 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).