Adm 82.40 Special circumstances. Adm 82.50 Certification procedure for disabled veteran-owned entities. Adm 82.52 Renewal procedure. Adm 82.55 Recertification procedure. Adm 82.60 Decertification criteria. Adm 82.65 Decertification procedure. Adm 82.70 Informal hearing procedure. Adm 82.75 Appeal procedure. Adm 82.80 Notification of changes in application information. Adm 82.90 Certification of a business, financial adviser, or investment firm by another public agency. Adm 82.95 Certification criteria for a corporation owned by a nonprofit organization. Adm 82.10Adm 82.10 Purpose. Pursuant to s. 16.283 (4), Stats., this chapter sets forth the criteria and procedures for certification, certification renewal, recertification, and decertification of a disabled veteran-owned business, financial adviser, or investment firm. Adm 82.10 HistoryHistory: EmR1041: emerg. cr., eff. 11-14-10; CR 11-004: cr. Register September 2011 No. 669, eff. 10-1-11; correction made under s. 13.92 (4) (b) 7., Stats., Register September 2011 No. 669. Adm 82.12Adm 82.12 Definitions. In this chapter, unless the context requires otherwise: Adm 82.12(1)(1) “Administrator” means the administrator of the division of enterprise operations in the department. Adm 82.12(2)(2) “Affiliate” means a company effectively controlled by another, such as a branch, division, or subsidiary, and includes a company in which there is ownership, direct or indirect, by another company, of 5 percent or more of the voting stock. Adm 82.12(3)(3) “Appeal” means a written request by an applicant to reconsider a determination of a denial of application, certification renewal, recertification or decertification. Adm 82.12(4)(4) “Applicant” means any business, financial adviser, or investment firm that applies to the department for certification as a disabled veteran-owned business, financial adviser, or investment firm under s. 16.283 (3), Stats., and this chapter, through submission of application forms. Adm 82.12(5)(5) “Application” means the forms, whether paper or electronic, all documentation requested by the department, and a report of an on-site visit, if one was conducted by the department, upon which the department will base its decision to grant or deny certification, certification renewal or recertification. Adm 82.12(6)(6) “Assets” means the real and personal property of a business. Adm 82.12(7)(7) “Beneficial ownership” means ownership of the rights in a business that are the normal incidents of owning a business. Adm 82.12 NoteNote: Section 16.283 (1) (a) of the Statutes reads as follows: “ ‘Business’ means a sole proprietorship, partnership, limited liability company, joint venture, or corporation.” Adm 82.12(9)(9) “Capital contribution” means the cash or property contributed to a business, and may include a financial investment in the business or the contribution of property, space, patents and copyrights. Adm 82.12(10)(10) “Control” means the power to direct the day-to-day and long-term operation and management of a business. Adm 82.12 NoteNote: Departmental assessments of operational and managerial control will rest upon the peculiarities of the industry of which the business is a part.
Adm 82.12(11)(11) “Conversion rights” means any agreement, option, scheme or documents that will create any rights which, if exercised, would result in less than 51 percent disabled-veteran ownership of the business, or less than dominant control by a disabled-veteran owner or his or her duly authorized representative, or both.