AB228: Bill Text

AB228, s. 66 Section 66. 85.25 (2) (c) 2m. of the statutes is created to read:

AB228,18,15 85.25 (2) (c) 2m. A disabled veteran-owned business, as defined in s. 84.075 (1c) (a).

AB228, s. 67 Section 67. 200.57 (title) of the statutes is amended to read:

AB228,18,18 200.57 (title) Minority financial advisers and investment firms and disabled veteran-owned businesses.

AB228, s. 68 Section 68. 200.57 (1) of the statutes is renumbered 200.57 (1) (intro.) and amended to read:

AB228,18,21 200.57 (1) In this section, "minority :

AB228,18,24 (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).

AB228, s. 69 Section 69. 200.57 (1) (a) of the statutes is created to read:

AB228,19,3 200.57 (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)

AB228, s. 70 Section 70. 200.57 (3) of the statutes is created to read:

AB228,19,9 200.57 (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.

AB228, s. 71 Section 71. 229.46 (1) (a) of the statutes is renumbered 229.46 (1) (am).

AB228, s. 72 Section 72. 229.46 (1) (ag) of the statutes is created to read:

AB228,19,13 229.46 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB228, s. 73 Section 73. 229.46 (2) (intro.) of the statutes is amended to read:

AB228,19,20 229.46 (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:

AB228, s. 74 Section 74. 229.46 (3) (intro.) of the statutes is amended to read:

AB228,20,3 229.46 (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:

AB228, s. 75 Section 75. 229.70 (title) of the statutes is amended to read:

AB228,20,6 229.70 (title) Minority contracting goals ; disabled veteran-owned business contracting goals.

AB228, s. 76 Section 76. 229.70 (1) (a) of the statutes is renumbered 229.70 (1) (am).

AB228, s. 77 Section 77. 229.70 (1) (ag) of the statutes is created to read:

AB228,20,10 229.70 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB228, s. 78 Section 78. 229.70 (2) of the statutes is amended to read:

AB228,20,19 229.70 (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.

AB228, s. 79 Section 79. 229.70 (3) (intro.) of the statutes is amended to read:

AB228,21,2 229.70 (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:

AB228, s. 80 Section 80. 229.70 (4) of the statutes is amended to read:

AB228,21,8 229.70 (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.

AB228, s. 81 Section 81. 229.70 (4m) of the statutes is amended to read:

AB228,21,18 229.70 (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.

AB228,21,24 (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).

AB228, s. 82 Section 82. 229.70 (5) (b) 1. of the statutes is amended to read:

AB228,22,4 229.70 (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.

AB228, s. 83 Section 83. 229.70 (5) (b) 2. of the statutes is amended to read:

AB228,22,8 229.70 (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.

AB228, s. 84 Section 84. 229.70 (5) (b) 3. of the statutes is amended to read:

AB228,22,14 229.70 (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.

AB228, s. 85 Section 85. 229.8273 (title) of the statutes is amended to read:

AB228,22,16 229.8273 (title) Minority, disabled veteran, and women contracting.

AB228, s. 86 Section 86. 229.8273 (1) (am) of the statutes is created to read:

AB228,22,19 229.8273 (1) (am) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB228, s. 87 Section 87. 229.8273 (2) of the statutes is amended to read:

AB228,23,4 229.8273 (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.

AB228, s. 88 Section 88. 229.8273 (3) of the statutes is amended to read:

AB228,23,12 229.8273 (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.

AB228, s. 89 Section 89. 229.8273 (4) of the statutes is amended to read:

AB228,23,23 229.8273 (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.

AB228,24,4 (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).

AB228, s. 90 Section 90. 229.8273 (5) (b) 1. of the statutes is amended to read:

AB228,24,9 229.8273 (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.

AB228, s. 91 Section 91. 229.8273 (5) (b) 2. of the statutes is amended to read:

AB228,24,13 229.8273 (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.

AB228, s. 92 Section 92. 229.8273 (5) (b) 3. of the statutes is amended to read:

AB228,24,19 229.8273 (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.

AB228, s. 93 Section 93. 229.8273 (6) of the statutes is amended to read:

AB228,25,2 229.8273 (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.

AB228, s. 94 Section 94. 229.845 (title) of the statutes is amended to read:

AB228,25,5 229.845 (title) Minority contracting goals ; disabled veteran-owned business contracting goals.

AB228, s. 95 Section 95. 229.845 (1) (a) of the statutes is renumbered 229.845 (1) (am).

AB228, s. 96 Section 96. 229.845 (1) (ag) of the statutes is created to read:

AB228,25,9 229.845 (1) (ag) "Disabled veteran-owned business" means a business certified by the department of commerce under s. 560.033 (3).

AB228, s. 97 Section 97. 229.845 (2) of the statutes is amended to read:

AB228,25,24 229.845 (2) It shall be a goal of the district, in awarding construction work and professional services contracts related to cultural arts facilities, that at least 15% of the aggregate dollar value of such contracts awarded by the district shall be awarded to minority businesses, a portion of the aggregate dollar value of such contracts awarded by the district shall be awarded to disabled veteran-owned businesses, and at least 5% of the aggregate dollar value of such contracts awarded by the district shall be awarded to women's businesses, except that if the sponsoring city is a 1st class city, it shall be a goal of the district, in awarding construction work and professional services contracts related to cultural arts facilities, that at least 25% of the aggregate dollar value of such contracts awarded by the district shall be awarded to minority businesses, a portion of the aggregate dollar value of such contracts awarded by the district shall be awarded to disabled veteran-owned businesses, and at least 5% of the aggregate dollar value of such contracts awarded by the district shall be awarded to women's businesses.

AB228, s. 98 Section 98. 231.29 of the statutes is created to read:

AB228,26,4 231.29 Disabled veteran-owned business financial interests. (1) In this section, "business," "financial adviser," and "investment firm" mean a business, financial adviser, and investment firm certified by the department of commerce under s. 560.033 (3).

AB228,26,10 (2) The authority shall annually report to the department of administration the total amount purchased from and contracted or subcontracted under contracts made by the authority to businesses, the total amount of bonds issued by the authority with the underwriting services of investment firms, and the total amount of moneys expended by the authority for the services of financial advisers during the preceding state fiscal year.

AB228, s. 99 Section 99. 234.36 of the statutes is created to read:

AB228,26,15 234.36 Disabled veteran-owned business financial interests. (1) In this section, "business," "financial adviser," and "investment firm" mean a business, financial adviser, and investment firm certified by the department of commerce under s. 560.033 (3).

AB228,26,21 (2) The authority shall annually report to the department of administration the total amount purchased from and contracted or subcontracted under contracts made by the authority to businesses, the total amount of bonds and notes issued by the authority with the underwriting services of investment firms, and the total amount of moneys expended by the authority for the services of financial advisers during the preceding state fiscal year.

AB228, s. 100 Section 100. 560.033 of the statutes is created to read:

AB228,26,24 560.033 Disabled veteran-owned businesses. (1) Definitions. In this section, unless the context requires otherwise:

AB228,27,2 (a) "Business" means a sole proprietorship, partnership, limited liability company, joint venture, or corporation.

AB228,27,5 (b) "Disabled veteran" means a person who is verified by the department of veterans affairs as being all of the following at the time the person applies for certification under sub. (3):

AB228,27,6 1. A veteran, as defined in s. 45.01 (12).

AB228,27,7 2. A resident of this state.

AB228,27,10 3. A person who is in receipt of an award from the U.S. department of veterans affairs of a service-connected disability rating under 38 USC 1114 or 1134 of at least 30 percent.

AB228,27,11 (c) "Duly authorized representative" has the meaning given in s. 45.04 (1) (a).

AB228,27,13 (d) "Financial adviser" means a business that serves as an adviser with regard to the sale of evidences of indebtedness or other obligations.

AB228,27,16 (e) "Investment firm" means a business that serves as a manager, comanager, or in any other underwriting capacity with regard to the sale of evidences of indebtedness or other obligations or as a broker-dealer as defined in s. 551.102 (4).

AB228,27,18 (f) "Useful business function" means the provision of materials, supplies, equipment, or services to customers, including the state.

AB228,27,21 (2) Disabled veteran-owned business database. The department shall develop, maintain, and keep current a computer database of businesses certified under this section.

AB228,27,24 (3) Disabled veteran-owned business, financial adviser, and investment firm certification. (a) Any business, financial adviser, or investment firm may apply to the department for certification under this section.

AB228,28,4 (b) The department shall certify a business, financial adviser, or investment firm under this section if, after conducting an investigation, the department determines that the business, financial adviser, or investment firm fulfills all of the following requirements:

AB228,28,8 1. One or more disabled veterans owns not less than 51 percent of the business, financial adviser, or investment firm or, in the case of any publicly owned business, financial adviser, or investment firm, one or more disabled veterans owns not less than 51 percent of the stock of the business, financial adviser, or investment firm.

AB228,28,11 2. One or more disabled veterans or one or more duly authorized representatives of one or more disabled veterans controls the management and daily business operations of the business, financial adviser, or investment firm.

AB228,28,13 3. The business, financial adviser, or investment firm has its principal place of business in this state.

AB228,28,17 4. The business, financial adviser, or investment firm is currently performing a useful business function. Acting as a conduit for the transfer of funds to a business that is not certified under this section does not constitute a useful business function, unless doing so is a normal industry practice.

AB228,28,20 (c) The department may charge each business, financial adviser, or investment firm applying for certification under this section a fee to cover the department's expenses in making the certification determination.