AB228,8,2523 16.855 (10m) (c) The department shall maintain and annually publish data on
24contracts awarded to minority businesses and disabled veteran-owned businesses
25under this subsection and ss. 16.87 and 84.075.
AB228, s. 17
1Section 17. 16.855 (14) (a) of the statutes is amended to read:
AB228,9,122 16.855 (14) (a) If a project requires prior approval of the building commission
3under s. 13.48 (10) (a) and bids are required to be solicited under sub. (2), the
4department shall take both single bids and separate bids on any division of the work
5that it designates. If a project does not require prior approval of the building
6commission under s. 13.48 (10) (a) and bids are required to be solicited under sub.
7(2), the department may take single bids or separate bids on any division of the work
8that it designates. If the department awards contracts by the division of work, the
9department shall award the contracts according to the division of work selected for
10bidding. Except as provided in sub. (10m) (a) (am), the department shall award all
11contracts to the lowest qualified responsible bidder or bidders that result in the
12lowest total construction cost for the project.
AB228, s. 18 13Section 18. 16.87 (1) (am) of the statutes is created to read:
AB228,9,1514 16.87 (1) (am) "Disabled veteran-owned business" means a business certified
15by the department of commerce under s. 560.033 (3).
AB228, s. 19 16Section 19. 16.87 (2) of the statutes is renumbered 16.87 (2) (a) and amended
17to read:
AB228,9,2218 16.87 (2) (a) A contract for engineering services or architectural services or a
19contract involving an expenditure of $10,000 or more for construction work, or
20$30,000 or more for limited trades work, to be done for or furnished to the state or
21a department, board, commission, or officer of the state is exempt from the
22requirements of ss. 16.705 and 16.75.
AB228,9,25 23(b) The department shall attempt to ensure that 5% 5 percent of the total
24amount expended under this section in each fiscal year is paid to minority
25businesses, as defined in s. 16.75 (3m) (a) 4.
AB228, s. 20
1Section 20. 16.87 (2) (c) of the statutes is created to read:
AB228,10,42 16.87 (2) (c) The department shall make efforts to ensure that a portion of the
3total amount expended under this section in each fiscal year is paid to disabled
4veteran-owned businesses.
AB228, s. 21 5Section 21. 18.16 (title) of the statutes is amended to read:
AB228,10,7 618.16 (title) Minority financial advisers and investment firms; disabled
7veteran-owned financial advisers and investment firms
.
AB228, s. 22 8Section 22. 18.16 (1) of the statutes is repealed and recreated to read:
AB228,10,99 18.16 (1) In this section:
AB228,10,1110 (a) "Disabled veteran-owned financial adviser" means a financial adviser
11certified by the department of commerce under s. 560.033 (3).
AB228,10,1312 (b) "Disabled veteran-owned investment firm" means an investment firm
13certified by the department of commerce under s. 560.033 (3).
AB228,10,1514 (c) "Minority financial adviser" means a financial adviser certified by the
15department of commerce under s. 560.036 (2).
AB228,10,1716 (d) "Minority investment firm" means an investment firm certified by the
17department of commerce under s. 560.036 (2).
AB228, s. 23 18Section 23. 18.16 (2) of the statutes is renumbered 18.16 (2) (a).
AB228, s. 24 19Section 24. 18.16 (2) (b) of the statutes is created to read:
AB228,10,2320 18.16 (2) (b) Except as provided in sub. (7), in contracting public debt by
21competitive sale, the commission shall make efforts to ensure that a portion of the
22total public indebtedness contracted in each fiscal year is underwritten by disabled
23veteran-owned investment firms.
AB228, s. 25 24Section 25. 18.16 (3) of the statutes is renumbered 18.16 (3) (a).
AB228, s. 26 25Section 26. 18.16 (3) (b) of the statutes is created to read:
AB228,11,4
118.16 (3) (b) Except as provided under sub. (7), in contracting public debt by
2negotiated sale, the commission shall make efforts to ensure that a portion of total
3public indebtedness contracted in each fiscal year is underwritten by disabled
4veteran-owned investment firms.
AB228, s. 27 5Section 27. 18.16 (4) of the statutes is renumbered 18.16 (4) (a).
AB228, s. 28 6Section 28. 18.16 (4) (b) of the statutes is created to read:
AB228,11,107 18.16 (4) (b) Except as provided under sub. (7), in contracting public debt by
8competitive sale or negotiated sale, the commission shall make efforts to ensure that
9a portion of the total moneys expended in each fiscal year for the services of financial
10advisers are expended for the services of disabled veteran-owned financial advisers.
AB228, s. 29 11Section 29. 18.16 (5) of the statutes is renumbered 18.16 (5) (a).
AB228, s. 30 12Section 30. 18.16 (5) (b) of the statutes is created to read:
AB228,11,1713 18.16 (5) (b) Except as provided under s. 18.06 (9) and sub. (7), an individual
14underwriter or syndicate of underwriters shall make efforts to ensure that each bid
15or proposal, submitted by that individual or syndicate in a competitive or negotiated
16sale of public debt, provides for a portion of sales to disabled veteran-owned
17investment firms.
AB228, s. 31 18Section 31. 18.16 (6) of the statutes is amended to read:
AB228,11,2419 18.16 (6) The commission shall annually report to the department of
20administration the total amount of public indebtedness contracted with the
21underwriting services of minority investment firms and disabled veteran-owned
22investment firms
and the total amount of moneys expended for the services of
23minority financial advisers and disabled veteran-owned financial advisers during
24the preceding fiscal year.
AB228, s. 32 25Section 32. 18.64 (title) of the statutes is amended to read:
AB228,12,2
118.64 (title) Minority financial advisers and investment firms; disabled
2veteran-owned financial advisers and investment firms
.
AB228, s. 33 3Section 33. 18.64 (1) of the statutes is repealed and recreated to read:
AB228,12,44 18.64 (1) In this section:
AB228,12,65 (a) "Disabled veteran-owned financial adviser" means a financial adviser
6certified by the department of commerce under s. 560.033 (3).
AB228,12,87 (b) "Disabled veteran-owned investment firm" means an investment firm
8certified by the department of commerce under s. 560.033 (3).
AB228,12,109 (c) "Minority financial adviser" means a financial adviser certified by the
10department of commerce under s. 560.036 (2).
AB228,12,1211 (d) "Minority investment firm" means an investment firm certified by the
12department of commerce under s. 560.036 (2).
AB228, s. 34 13Section 34. 18.64 (2) of the statutes is renumbered 18.64 (2) (a).
AB228, s. 35 14Section 35. 18.64 (2) (b) of the statutes is created to read:
AB228,12,1815 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue
16obligations by competitive sale, the commission shall make efforts to ensure that a
17portion of the total of revenue obligations contracted in each fiscal year is
18underwritten by disabled veteran-owned investment firms.
AB228, s. 36 19Section 36. 18.64 (3) of the statutes is renumbered 18.64 (3) (a).
AB228, s. 37 20Section 37. 18.64 (3) (b) of the statutes is created to read:
AB228,12,2421 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue
22obligations by negotiated sale, the commission shall make efforts to ensure that a
23portion of the total of revenue obligations contracted in each fiscal year is
24underwritten by disabled veteran-owned investment firms.
AB228, s. 38 25Section 38. 18.64 (4) of the statutes is renumbered 18.64 (4) (a).
AB228, s. 39
1Section 39. 18.64 (4) (b) of the statutes is created to read:
AB228,13,62 18.64 (4) (b) Except as provided under sub. (7), in issuing evidences of revenue
3obligations by competitive sale or negotiated sale, the commission shall make efforts
4to ensure that a portion of the total moneys expended in each fiscal year for the
5services of financial advisers are expended for the services of disabled
6veteran-owned financial advisers.
AB228, s. 40 7Section 40. 18.64 (5) of the statutes is renumbered 18.64 (5) (a).
AB228, s. 41 8Section 41. 18.64 (5) (b) of the statutes is created to read:
AB228,13,139 18.64 (5) (b) Except as provided under sub. (7), an individual underwriter or
10syndicate of underwriters shall make efforts to ensure that each bid or proposal,
11submitted by that individual or syndicate in a competitive or negotiated sale of a
12revenue obligation, provides for a portion of sales to disabled veteran-owned
13investment firms.
AB228, s. 42 14Section 42. 18.64 (6) of the statutes is amended to read:
AB228,13,2015 18.64 (6) The commission shall annually report to the department of
16administration the total amount of revenue obligations contracted with the
17underwriting services of minority investment firms and disabled veteran-owned
18investment firms
and the total amount of moneys expended for the services of
19minority financial advisers and disabled veteran-owned financial advisers during
20the preceding fiscal year.
AB228, s. 43 21Section 43. 18.77 (title) of the statutes is amended to read:
AB228,13,23 2218.77 (title) Minority financial advisers and investment firms; disabled
23veteran-owned financial advisers and investment firms
.
AB228, s. 44 24Section 44. 18.77 (1) of the statutes is repealed and recreated to read:
AB228,13,2525 18.77 (1) In this section:
AB228,14,2
1(a) "Disabled veteran-owned financial adviser" means a financial adviser
2certified by the department of commerce under s. 560.033 (3).
AB228,14,43 (b) "Disabled veteran-owned investment firm" means an investment firm
4certified by the department of commerce under s. 560.033 (3).
AB228,14,65 (c) "Minority financial adviser" means a financial adviser certified by the
6department of commerce under s. 560.036 (2).
AB228,14,87 (d) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB228, s. 45 9Section 45. 18.77 (2) of the statutes is renumbered 18.77 (2) (a).
AB228, s. 46 10Section 46. 18.77 (2) (b) of the statutes is created to read:
AB228,14,1411 18.77 (2) (b) Except as provided under sub. (7), in contracting operating notes
12by competitive sale, the commission shall make efforts to ensure that a portion of
13total operating note indebtedness contracted in each fiscal year is underwritten by
14disabled veteran-owned investment firms.
AB228, s. 47 15Section 47. 18.77 (3) of the statutes is renumbered 18.77 (3) (a).
AB228, s. 48 16Section 48. 18.77 (3) (b) of the statutes is created to read:
AB228,14,2017 18.77 (3) (b) Except as provided under sub. (7), in contracting operating notes
18by negotiated sale, the commission shall make efforts to ensure that a portion of total
19operating note indebtedness contracted in each fiscal year is underwritten by
20disabled veteran-owned investment firms.
AB228, s. 49 21Section 49. 18.77 (4) of the statutes is renumbered 18.77 (4) (a).
AB228, s. 50 22Section 50. 18.77 (4) (b) of the statutes is created to read:
AB228,15,223 18.77 (4) (b) Except as provided under sub. (7), in contracting operating notes
24by competitive sale or negotiated sale, the commission shall make efforts to ensure
25that a portion of the total moneys expended in such fiscal year for the services of

1financial advisers are expended for the services of disabled veteran-owned financial
2advisers.
AB228, s. 51 3Section 51. 18.77 (5) of the statutes is renumbered 18.77 (5) (a).
AB228, s. 52 4Section 52. 18.77 (5) (b) of the statutes is created to read:
AB228,15,95 18.77 (5) (b) Except as provided under sub. (7), an individual underwriter or
6syndicate of underwriters shall make efforts to ensure that each bid or proposal,
7submitted by that individual or syndicate in a competitive or negotiated sale of an
8operating note, provides for a portion of sales to disabled veteran-owned investment
9firms.
AB228, s. 53 10Section 53. 18.77 (6) of the statutes is amended to read:
AB228,15,1511 18.77 (6) The commission shall annually report to the department of
12administration the total amount of operating note indebtedness contracted with the
13underwriting services of minority investment firms and the total amount of moneys
14expended for the services of minority financial advisers and disabled veteran-owned
15financial advisers
during the preceding fiscal year.
AB228, s. 54 16Section 54. 23.41 (6) of the statutes is amended to read:
AB228,15,1917 23.41 (6) The department shall attempt to ensure that at least 5% of the total
18amount expended under this section in each fiscal year is paid to minority
19businesses, as defined in s. 16.75 (3m) (a) 4.
AB228, s. 55 20Section 55. 25.185 (title) of the statutes is amended to read:
AB228,15,22 2125.185 (title) Minority financial advisers and investment firms;
22disabled veteran-owned financial advisers and investment firms
.
AB228, s. 56 23Section 56. 25.185 (1) of the statutes is repealed and recreated to read:
AB228,15,2424 25.185 (1) In this section:
AB228,16,2
1(a) "Disabled veteran-owned financial adviser" means a financial adviser
2certified by the department of commerce under s. 560.033 (3).
AB228,16,43 (b) "Disabled veteran-owned investment firm" means an investment firm
4certified by the department of commerce under s. 560.033 (3).
AB228,16,65 (c) "Minority financial adviser" means a financial adviser certified by the
6department of commerce under s. 560.036 (2).
AB228,16,87 (d) "Minority investment firm" means an investment firm certified by the
8department of commerce under s. 560.036 (2).
AB228, s. 57 9Section 57. 25.185 (3) of the statutes is amended to read:
AB228,16,1410 25.185 (3) The board shall annually report to the department of administration
11the total amount of moneys expended under sub. (2) for common stock and
12convertible bond brokerage commissions, the services of minority and disabled
13veteran-owned
financial advisers, and the services of minority and disabled
14veteran-owned
investment firms during the preceding fiscal year.
AB228, s. 58 15Section 58. 84.075 (title) of the statutes is amended to read:
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