AB68: Bill Text

AB68,274,17 18.08 (1) (a) 3. Premiums required for deposit in reserve funds or those necessary to pay expenses incurred in contracting and administering public debt or to make cost of issuance and other ancillary payments may be credited to one or more of the sinking funds of the bond security and redemption fund or to the capital improvement fund, as determined by the commission.

AB68,195 Section 195. 18.08 (1) (b) of the statutes is amended to read:

AB68,274,22 18.08 (1) (b) Moneys within the capital improvement fund shall be segregated into separate and distinct accounts according to the program purposes defined under ch. 20 for which public debt has been authorized by the legislature or for the payment of expenses incurred in contracting and administering public debt.

AB68,196 Section 196. 18.08 (1m) (a) of the statutes is renumbered 18.08 (1m) (am) and amended to read:

AB68,275,5 18.08 (1m) (am) Premium proceeds not used under par. (ag) shall first be used for the purposes for which the bonds were issued in proportion to the par value of the bond issue. If the premiums are used for the purposes, the authorized bonding authorization for those purposes is reduced by the amount of premiums that are used.

AB68,197 Section 197. 18.08 (1m) (ag) of the statutes is created to read:

AB68,275,10 18.08 (1m) (ag) Premium proceeds may be used for the payment of expenses incurred in contracting and administering public debt, as determined by the commission. The authorized bonding authorization is not reduced by the amount of premiums that are used for those expenses.

AB68,198 Section 198. 18.08 (1m) (b) of the statutes is amended to read:

AB68,275,16 18.08 (1m) (b) Any premiums premium proceeds not used for the purposes for which bonding was authorized under pars. (ag) and (am) may be used for other purposes, as determined by the commission. If the premiums are used for any other purposes, the authorized bonding authorization for those purposes is reduced by the amount of premiums that are used.

AB68,199 Section 199. 18.08 (2) of the statutes is amended to read:

AB68,275,24 18.08 (2) The capital improvement fund may be expended, pursuant to appropriations, only for the purposes and in the amounts for which the public debts have been contracted, for the payment of principal and interest on loans or on notes, for the payment due, if any, under an agreement or ancillary arrangement entered into under s. 18.06 (8) (a) with respect to any such public debt, for the purposes identified under s. 20.867 (2) (v) and (4) (q), and for expenses incurred in contracting and administering public debt.

AB68,200 Section 200. 18.16 (title) of the statutes is amended to read:

AB68,276,3 18.16 (title) Minority financial advisers and investment firms; disabled veteran-owned; lesbian, gay, bisexual, or transgender-owned; and disability-owned financial advisers and investment firms.

AB68,201 Section 201. 18.16 (1) (a) of the statutes is renumbered 18.16 (1) (ah).

AB68,202 Section 202. 18.16 (1) (ae) of the statutes is created to read:

AB68,276,7 18.16 (1) (ae) “Disability-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.289 (3).

AB68,203 Section 203. 18.16 (1) (af) of the statutes is created to read:

AB68,276,10 18.16 (1) (af) “Disability-owned investment firm" means an investment firm certified by the department of administration under s. 16.289 (3).

AB68,204 Section 204. 18.16 (1) (br) of the statutes is created to read:

AB68,276,14 18.16 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.288 (3).

AB68,205 Section 205. 18.16 (1) (bs) of the statutes is created to read:

AB68,276,18 18.16 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm" means an investment firm certified by the department of administration under s. 16.288 (3).

AB68,206 Section 206. 18.16 (2) (c) of the statutes is created to read:

AB68,276,23 18.16 (2) (c) Except as provided in sub. (7), in contracting public debt by competitive sale, the commission shall make efforts to ensure that at least 1 percent of the total public indebtedness contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,207 Section 207. 18.16 (2) (d) of the statutes is created to read:

AB68,277,4 18.16 (2) (d) Except as provided in sub. (7), in contracting public debt by competitive sale, the commission shall make efforts to ensure that at least 1 percent of the total public indebtedness contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,208 Section 208. 18.16 (3) (c) of the statutes is created to read:

AB68,277,9 18.16 (3) (c) Except as provided under sub. (7), in contracting public debt by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of total public indebtedness contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,209 Section 209. 18.16 (3) (d) of the statutes is created to read:

AB68,277,14 18.16 (3) (d) Except as provided under sub. (7), in contracting public debt by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of total public indebtedness contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,210 Section 210. 18.16 (4) (c) of the statutes is created to read:

AB68,277,20 18.16 (4) (c) Except as provided under sub. (7), in contracting public debt by competitive sale or negotiated sale, the commission shall make 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 lesbian, gay, bisexual, or transgender-owned financial advisers.

AB68,211 Section 211. 18.16 (4) (d) of the statutes is created to read:

AB68,278,2 18.16 (4) (d) Except as provided under sub. (7), in contracting public debt by competitive sale or negotiated sale, the commission shall make 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 disability-owned financial advisers.

AB68,212 Section 212. 18.16 (5) (c) of the statutes is created to read:

AB68,278,8 18.16 (5) (c) Except as provided under s. 18.06 (9) and 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 public debt, provides for at least 1 percent of sales to lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,213 Section 213. 18.16 (5) (d) of the statutes is created to read:

AB68,278,14 18.16 (5) (d) Except as provided under s. 18.06 (9) and 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 public debt, provides for at least 1 percent of sales to disability-owned investment firms.

AB68,214 Section 214. 18.16 (6) of the statutes is amended to read:

AB68,278,23 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, lesbian, gay, bisexual, or transgender-owned, and disability-owned investment firms and the total amount of moneys expended for the services of minority financial advisers and, disabled veteran-owned, lesbian, gay, bisexual, or transgender-owned, and disability-owned financial advisers during the preceding fiscal year.

AB68,215 Section 215. 18.64 (title) of the statutes is amended to read:

AB68,279,3 18.64 (title) Minority financial advisers and investment firms; disabled veteran-owned; lesbian, gay, bisexual, or transgender-owned; and disability-owned financial advisers and investment firms.

AB68,216 Section 216. 18.64 (1) (a) of the statutes is renumbered 18.64 (1) (ah).

AB68,217 Section 217. 18.64 (1) (ae) of the statutes is created to read:

AB68,279,7 18.64 (1) (ae) “Disability-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.289 (3).

AB68,218 Section 218. 18.64 (1) (af) of the statutes is created to read:

AB68,279,10 18.64 (1) (af) “Disability-owned investment firm" means an investment firm certified by the department of administration under s. 16.289 (3).

AB68,219 Section 219. 18.64 (1) (br) of the statutes is created to read:

AB68,279,14 18.64 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.288 (3).

AB68,220 Section 220. 18.64 (1) (bs) of the statutes is created to read:

AB68,279,18 18.64 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm" means an investment firm certified by the department of administration under s. 16.288 (3).

AB68,221 Section 221. 18.64 (2) (c) of the statutes is created to read:

AB68,279,23 18.64 (2) (c) Except as provided under sub. (7), in issuing evidences of revenue obligations by competitive sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,222 Section 222. 18.64 (2) (d) of the statutes is created to read:

AB68,280,4 18.64 (2) (d) Except as provided under sub. (7), in issuing evidences of revenue obligations by competitive sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,223 Section 223. 18.64 (3) (c) of the statutes is created to read:

AB68,280,9 18.64 (3) (c) Except as provided under sub. (7), in issuing evidences of revenue obligations by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,224 Section 224. 18.64 (3) (d) of the statutes is created to read:

AB68,280,14 18.64 (3) (d) Except as provided under sub. (7), in issuing evidences of revenue obligations by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,225 Section 225. 18.64 (4) (c) of the statutes is created to read:

AB68,280,20 18.64 (4) (c) 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 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 lesbian, gay, bisexual, or transgender-owned financial advisers.

AB68,226 Section 226. 18.64 (4) (d) of the statutes is created to read:

AB68,281,2 18.64 (4) (d) 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 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 disability-owned financial advisers.

AB68,227 Section 227. 18.64 (5) (c) of the statutes is created to read:

AB68,281,8 18.64 (5) (c) 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 at least 1 percent of sales to lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,228 Section 228. 18.64 (5) (d) of the statutes is created to read:

AB68,281,14 18.64 (5) (d) 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 at least 1 percent of sales to disability-owned investment firms.

AB68,229 Section 229. 18.64 (6) of the statutes is amended to read:

AB68,281,23 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, lesbian, gay, bisexual, or transgender-owned, and disability-owned investment firms and the total amount of moneys expended for the services of minority financial advisers and, disabled veteran-owned, lesbian, gay, bisexual, or transgender-owned, and disability-owned financial advisers during the preceding fiscal year.

AB68,230 Section 230. 18.77 (title) of the statutes is amended to read:

AB68,282,3 18.77 (title) Minority financial advisers and investment firms; disabled veteran-owned; lesbian, gay, bisexual, or transgender-owned; and disability-owned financial advisers and investment firms.

AB68,231 Section 231. 18.77 (1) (a) of the statutes is renumbered 18.77 (1) (ah).

AB68,232 Section 232. 18.77 (1) (ae) of the statutes is created to read:

AB68,282,7 18.77 (1) (ae) “Disability-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.289 (3).

AB68,233 Section 233. 18.77 (1) (af) of the statutes is created to read:

AB68,282,10 18.77 (1) (af) “Disability-owned investment firm" means an investment firm certified by the department of administration under s. 16.289 (3).

AB68,234 Section 234. 18.77 (1) (br) of the statutes is created to read:

AB68,282,14 18.77 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.288 (3).

AB68,235 Section 235. 18.77 (1) (bs) of the statutes is created to read:

AB68,282,18 18.77 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm" means an investment firm certified by the department of administration under s. 16.288 (3).

AB68,236 Section 236. 18.77 (2) (c) of the statutes is created to read:

AB68,282,23 18.77 (2) (c) Except as provided under sub. (7), in contracting operating notes by competitive sale, the commission shall make efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,237 Section 237. 18.77 (2) (d) of the statutes is created to read:

AB68,283,4 18.77 (2) (d) Except as provided under sub. (7), in contracting operating notes by competitive sale, the commission shall make efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,238 Section 238. 18.77 (3) (c) of the statutes is created to read:

AB68,283,9 18.77 (3) (c) Except as provided under sub. (7), in contracting operating notes by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.

AB68,239 Section 239. 18.77 (3) (d) of the statutes is created to read:

AB68,283,14 18.77 (3) (d) Except as provided under sub. (7), in contracting operating notes by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of total operating note indebtedness contracted in each fiscal year is underwritten by disability-owned investment firms.

AB68,240 Section 240. 18.77 (4) (c) of the statutes is created to read: