SB1026: Bill Text

SB1026,8,6 18.16 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

SB1026,28 Section 28. 18.16 (1) (a) of the statutes is renumbered 18.16 (1) (e) and amended to read:

SB1026,8,11 18.16 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3).

SB1026,29 Section 29. 18.16 (1) (b) of the statutes is renumbered 18.16 (1) (f) and amended to read:

SB1026,8,16 18.16 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3).

SB1026,30 Section 30. 18.16 (2) (b) of the statutes is amended to read:

SB1026,8,21 18.16 (2) (b) Except as provided in sub. (7), in contracting public debt by competitive sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total public indebtedness contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,31 Section 31. 18.16 (3) (b) of the statutes is amended to read:

SB1026,9,2 18.16 (3) (b) Except as provided under sub. (7), in contracting public debt by negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of total public indebtedness contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,32 Section 32. 18.16 (4) (b) of the statutes is amended to read:

SB1026,9,8 18.16 (4) (b) Except as provided under sub. (7), in contracting public debt by competitive sale or negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total moneys expended in each fiscal year for the services of financial advisers are expended for the services of disabled veteran-owned financial advisers.

SB1026,33 Section 33. 18.16 (5) (b) of the statutes is amended to read:

SB1026,9,14 18.16 (5) (b) Except as provided under s. 18.06 (9) and sub. (7), an individual underwriter or syndicate of underwriters shall make all reasonable and good faith efforts to ensure that each bid or proposal, submitted by that individual or syndicate in a competitive or negotiated sale of public debt, provides for at least 1 percent of sales to disabled veteran-owned investment firms.

SB1026,34 Section 34. 18.16 (6) of the statutes is amended to read:

SB1026,9,21 18.16 (6) The commission shall annually report to the department of administration the total amount of public indebtedness contracted with the underwriting services of minority investment firms and disabled veteran-owned investment firms and the total amount of moneys expended for the services of minority financial advisers and disabled veteran-owned financial advisers during the preceding fiscal year.

SB1026,35 Section 35. 18.64 (title) of the statutes is amended to read:

SB1026,9,24 18.64 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

SB1026,36 Section 36. 18.64 (1) (a) of the statutes is renumbered 18.64 (1) (e) and amended to read:

SB1026,10,5 18.64 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3).

SB1026,37 Section 37. 18.64 (1) (b) of the statutes is renumbered 18.64 (1) (f) and amended to read:

SB1026,10,10 18.64 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3).

SB1026,38 Section 38. 18.64 (2) (b) of the statutes is amended to read:

SB1026,10,16 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue obligations by competitive sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,39 Section 39. 18.64 (3) (b) of the statutes is amended to read:

SB1026,10,22 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue obligations by negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,40 Section 40. 18.64 (4) (b) of the statutes is amended to read:

SB1026,11,3 18.64 (4) (b) Except as provided under sub. (7), in issuing evidences of revenue obligations by competitive sale or negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total moneys expended in each fiscal year for the services of financial advisers are expended for the services of disabled veteran-owned financial advisers.

SB1026,41 Section 41. 18.64 (5) (b) of the statutes is amended to read:

SB1026,11,9 18.64 (5) (b) Except as provided under sub. (7), an individual underwriter or syndicate of underwriters shall make all reasonable and good faith efforts to ensure that each bid or proposal, submitted by that individual or syndicate in a competitive or negotiated sale of a revenue obligation, provides for at least 1 percent of sales to disabled veteran-owned investment firms.

SB1026,42 Section 42. 18.64 (6) of the statutes is amended to read:

SB1026,11,16 18.64 (6) The commission shall annually report to the department of administration the total amount of revenue obligations contracted with the underwriting services of minority investment firms and disabled veteran-owned investment firms and the total amount of moneys expended for the services of minority financial advisers and disabled veteran-owned financial advisers during the preceding fiscal year.

SB1026,43 Section 43. 18.77 (title) of the statutes is amended to read:

SB1026,11,19 18.77 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

SB1026,44 Section 44. 18.77 (1) (a) of the statutes is renumbered 18.77 (1) (e) and amended to read:

SB1026,11,24 18.77 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3).

SB1026,45 Section 45. 18.77 (1) (b) of the statutes is renumbered 18.77 (1) (f) and amended to read:

SB1026,12,5 18.77 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3).

SB1026,46 Section 46. 18.77 (2) (b) of the statutes is amended to read:

SB1026,12,10 18.77 (2) (b) Except as provided under sub. (7), in contracting operating notes by competitive sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,47 Section 47. 18.77 (3) (b) of the statutes is amended to read:

SB1026,12,15 18.77 (3) (b) Except as provided under sub. (7), in contracting operating notes by negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

SB1026,48 Section 48. 18.77 (4) (b) of the statutes is amended to read:

SB1026,12,21 18.77 (4) (b) Except as provided under sub. (7), in contracting operating notes by competitive sale or negotiated sale, the commission shall make all reasonable and good faith efforts to ensure that at least 1 percent of the total moneys expended in such fiscal year for the services of financial advisers are expended for the services of disabled veteran-owned financial advisers.

SB1026,49 Section 49. 18.77 (5) (b) of the statutes is amended to read:

SB1026,13,2 18.77 (5) (b) Except as provided under sub. (7), an individual underwriter or syndicate of underwriters shall make all reasonable and good faith efforts to ensure that each bid or proposal, submitted by that individual or syndicate in a competitive or negotiated sale of an operating note, provides for at least 1 percent of sales to disabled veteran-owned investment firms.

SB1026,50 Section 50. 18.77 (6) of the statutes is amended to read:

SB1026,13,8 18.77 (6) The commission shall annually report to the department of administration the total amount of operating note indebtedness contracted with the underwriting services of minority investment firms and the total amount of moneys expended for the services of minority financial advisers and disabled veteran-owned financial advisers during the preceding fiscal year.

SB1026,51 Section 51. 20.505 (1) (gr) of the statutes is amended to read:

SB1026,13,16 20.505 (1) (gr) Disabled veteran-owned, woman-owned, Woman-owned and minority business certification fees. All moneys received from fees collected under s. 16.283 (3) (c) for the costs of certifying disabled veteran-owned businesses under s. 16.283; all moneys received from fees collected under s. 16.285 (1) (bm), for the costs of certifying woman-owned businesses under s. 16.285; , and all moneys received from fees collected under s. 16.287 (2) (dm) for the costs of certifying minority businesses under s. 16.287.

SB1026,52 Section 52. 23.41 (6) (b) of the statutes is amended to read:

SB1026,13,20 23.41 (6) (b) The department shall attempt exhaust all efforts to ensure that at least 1 percent of the total amount expended under this section in each fiscal year is paid to disabled veteran-owned businesses, as defined in s. 16.75 (3m) (a) 1. 5.

SB1026,53 Section 53. 25.185 (title) of the statutes is amended to read:

SB1026,13,23 25.185 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

SB1026,54 Section 54. 25.185 (1) (a) of the statutes is renumbered 25.185 (1) (e) and amended to read:

SB1026,14,3 25.185 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3).

SB1026,55 Section 55. 25.185 (1) (b) of the statutes is renumbered 25.185 (1) (f) and amended to read:

SB1026,14,8 25.185 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3).

SB1026,56 Section 56. 25.185 (2) (b) of the statutes is amended to read:

SB1026,14,14 25.185 (2) (b) The board shall attempt exhaust all efforts to ensure that at least 1 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 disabled veteran-owned financial advisers or disabled veteran-owned investment firms.

SB1026,57 Section 57. 25.185 (3) of the statutes is amended to read:

SB1026,14,20 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.

SB1026,58 Section 58. 45.12 (1) (intro.) and (b) (intro.) of the statutes are consolidated, renumbered 45.12 (1) (intro.) and amended to read:

SB1026,14,24 45.12 (1) (intro.) In this section: (b) “Veteran-owned, “veteran-owned business" means each of the following:

SB1026,59 Section 59. 45.12 (1) (a) of the statutes is repealed.

SB1026,60 Section 60. 45.12 (1) (b) 1., 2. and 3. of the statutes are renumbered 45.12 (1) (a), (b) and (c), and 45.12 (1) (a) and (c), as renumbered, are amended to read:

SB1026,15,4 45.12 (1) (a) A disabled veteran-owned business certified by the department of administration under s. 16.283 (3).

SB1026,15,7 (c) A business not included under subds. 1. pars. (a) and 2. (b) that the department certifies for purposes of this section as being at least 51 percent owned by one or more veterans.

SB1026,61 Section 61 . 45.12 (3) of the statutes is repealed.

SB1026,62 Section 62 . 45.12 (4) of the statutes is amended to read:

SB1026,15,12 45.12 (4) The department shall consult with the department of administration to design the official logotype under sub. (2) and the official logotype under sub. (3), if any.

SB1026,63 Section 63. 84.075 (title) of the statutes is amended to read:

SB1026,15,15 84.075 (title) Contracting with minority businesses and disabled veteran-owned businesses.

SB1026,64 Section 64. 84.075 (1c) (a) of the statutes is renumbered 84.075 (1c) (c) and amended to read:

SB1026,15,19 84.075 (1c) (c) “Disabled veteran-owned “Veteran-owned business" means a business certified by the department of administration under s. 16.283 (3).

SB1026,65 Section 65. 84.075 (1m) (b) of the statutes is amended to read:

SB1026,16,6 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 shall attempt exhaust all efforts to ensure that at least 1 percent of the total amount expended in each fiscal year is paid to contractors, subcontractors, and vendors that are disabled veteran-owned businesses. In attempting to meet this goal, 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.

SB1026,66 Section 66. 84.075 (1m) (c) of the statutes is amended to read:

SB1026,16,12 84.075 (1m) (c) If a contractor, subcontractor, or vendor is both a minority business and a disabled veteran-owned business, the department may shall make every effort to award a contract under par. (a) or (b) but the qualified responsible bid must be no more than 5 percent higher than the low bid, as provided under pars. (a) and (b).

SB1026,67 Section 67. 84.075 (2) of the statutes is amended to read:

SB1026,16,16 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.

SB1026,68 Section 68. 84.075 (3) of the statutes is amended to read:

SB1026,17,2 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 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 safety and professional services department of administration as minority businesses or disabled veteran-owned businesses.

SB1026,69 Section 69. 85.25 (2) (c) 2m. of the statutes is amended to read:

SB1026,17,5 85.25 (2) (c) 2m. A disabled veteran-owned business, as defined in s. 84.075 (1c) (a) (c).

SB1026,70 Section 70. 200.57 (title) of the statutes is amended to read:

SB1026,17,8 200.57 (title) Minority financial advisers and investment firms and disabled veteran-owned businesses.

SB1026,71 Section 71. 200.57 (1) (a) of the statutes is renumbered 200.57 (1) (c) and amended to read:

SB1026,17,13 200.57 (1) (c) “Disabled veteran-owned “Veteran-owned financial adviser" and “disabled veteran-owned investment firm" mean a financial adviser and investment firm, respectively, certified by the department of administration under s. 16.283 (3).

SB1026,72 Section 72. 200.57 (3) of the statutes is amended to read: