AB228,12,10 (c) "Minority financial adviser" means a financial adviser certified by the department of commerce under s. 560.036 (2).

AB228,12,12 (d) "Minority investment firm" means an investment firm certified by the department of commerce under s. 560.036 (2).

AB228, s. 34 Section 34. 18.64 (2) of the statutes is renumbered 18.64 (2) (a).

AB228, s. 35 Section 35. 18.64 (2) (b) of the statutes is created to read:

AB228,12,18 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue obligations by competitive sale, the commission shall make efforts to ensure that a portion of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

AB228, s. 36 Section 36. 18.64 (3) of the statutes is renumbered 18.64 (3) (a).

AB228, s. 37 Section 37. 18.64 (3) (b) of the statutes is created to read:

AB228,12,24 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue obligations by negotiated sale, the commission shall make efforts to ensure that a portion of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

AB228, s. 38 Section 38. 18.64 (4) of the statutes is renumbered 18.64 (4) (a).

AB228, s. 39 Section 39. 18.64 (4) (b) of the statutes is created to read:

AB228,13,6 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 efforts to ensure that a portion 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.

AB228, s. 40 Section 40. 18.64 (5) of the statutes is renumbered 18.64 (5) (a).

AB228, s. 41 Section 41. 18.64 (5) (b) of the statutes is created to read:

AB228,13,13 18.64 (5) (b) Except as provided under sub. (7), an individual underwriter or syndicate of underwriters shall make 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 a portion of sales to disabled veteran-owned investment firms.

AB228, s. 42 Section 42. 18.64 (6) of the statutes is amended to read:

AB228,13,20 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.

AB228, s. 43 Section 43. 18.77 (title) of the statutes is amended to read:

AB228,13,23 18.77 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

AB228, s. 44 Section 44. 18.77 (1) of the statutes is repealed and recreated to read:

AB228,13,25 18.77 (1) In this section:

AB228,14,2 (a) "Disabled veteran-owned financial adviser" means a financial adviser certified by the department of commerce under s. 560.033 (3).

AB228,14,4 (b) "Disabled veteran-owned investment firm" means an investment firm certified by the department of commerce under s. 560.033 (3).

AB228,14,6 (c) "Minority financial adviser" means a financial adviser certified by the department of commerce under s. 560.036 (2).

AB228,14,8 (d) "Minority investment firm" means an investment firm certified by the department of commerce under s. 560.036 (2).

AB228, s. 45 Section 45. 18.77 (2) of the statutes is renumbered 18.77 (2) (a).

AB228, s. 46 Section 46. 18.77 (2) (b) of the statutes is created to read:

AB228,14,14 18.77 (2) (b) Except as provided under sub. (7), in contracting operating notes by competitive sale, the commission shall make efforts to ensure that a portion of total operating note indebtedness contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

AB228, s. 47 Section 47. 18.77 (3) of the statutes is renumbered 18.77 (3) (a).

AB228, s. 48 Section 48. 18.77 (3) (b) of the statutes is created to read: