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AB68,274,1713 18.08 (1) (a) 3. Premiums required for deposit in reserve funds or those
14necessary to pay expenses incurred in contracting and administering public debt or
15to
make cost of issuance and other ancillary payments may be credited to one or more
16of the sinking funds of the bond security and redemption fund or to the capital
17improvement fund, as determined by the commission.
AB68,195 18Section 195. 18.08 (1) (b) of the statutes is amended to read:
AB68,274,2219 18.08 (1) (b) Moneys within the capital improvement fund shall be segregated
20into separate and distinct accounts according to the program purposes defined under
21ch. 20 for which public debt has been authorized by the legislature or for the payment
22of expenses incurred in contracting and administering public debt
.
AB68,196 23Section 196. 18.08 (1m) (a) of the statutes is renumbered 18.08 (1m) (am) and
24amended to read:
AB68,275,5
118.08 (1m) (am) Premium proceeds not used under par. (ag) shall first be used
2for the purposes for which the bonds were issued in proportion to the par value of the
3bond issue. If the premiums are used for the purposes, the authorized bonding
4authorization for those purposes is reduced by the amount of premiums that are
5used.
AB68,197 6Section 197. 18.08 (1m) (ag) of the statutes is created to read:
AB68,275,107 18.08 (1m) (ag) Premium proceeds may be used for the payment of expenses
8incurred in contracting and administering public debt, as determined by the
9commission. The authorized bonding authorization is not reduced by the amount of
10premiums that are used for those expenses.
AB68,198 11Section 198. 18.08 (1m) (b) of the statutes is amended to read:
AB68,275,1612 18.08 (1m) (b) Any premiums premium proceeds not used for the purposes for
13which bonding was authorized
under pars. (ag) and (am) may be used for other
14purposes, as determined by the commission. If the premiums are used for any other
15purposes, the authorized bonding authorization for those purposes is reduced by the
16amount of premiums that are used.
AB68,199 17Section 199. 18.08 (2) of the statutes is amended to read:
AB68,275,2418 18.08 (2) The capital improvement fund may be expended, pursuant to
19appropriations, only for the purposes and in the amounts for which the public debts
20have been contracted, for the payment of principal and interest on loans or on notes,
21for the payment due, if any, under an agreement or ancillary arrangement entered
22into under s. 18.06 (8) (a) with respect to any such public debt, for the purposes
23identified under s. 20.867 (2) (v) and (4) (q), and for expenses incurred in contracting
24and administering public debt.
AB68,200 25Section 200. 18.16 (title) of the statutes is amended to read:
AB68,276,3
118.16 (title) Minority financial advisers and investment firms; disabled
2veteran-owned
; lesbian, gay, bisexual, or transgender-owned; and
3disability-owned
financial advisers and investment firms.
AB68,201 4Section 201. 18.16 (1) (a) of the statutes is renumbered 18.16 (1) (ah).
AB68,202 5Section 202. 18.16 (1) (ae) of the statutes is created to read:
AB68,276,76 18.16 (1) (ae) “Disability-owned financial adviser" means a financial adviser
7certified by the department of administration under s. 16.289 (3).
AB68,203 8Section 203. 18.16 (1) (af) of the statutes is created to read:
AB68,276,109 18.16 (1) (af) “Disability-owned investment firm" means an investment firm
10certified by the department of administration under s. 16.289 (3).
AB68,204 11Section 204. 18.16 (1) (br) of the statutes is created to read:
AB68,276,1412 18.16 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser"
13means a financial adviser certified by the department of administration under s.
1416.288 (3).
AB68,205 15Section 205. 18.16 (1) (bs) of the statutes is created to read:
AB68,276,1816 18.16 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm"
17means an investment firm certified by the department of administration under s.
1816.288 (3).
AB68,206 19Section 206. 18.16 (2) (c) of the statutes is created to read:
AB68,276,2320 18.16 (2) (c) Except as provided in sub. (7), in contracting public debt by
21competitive sale, the commission shall make efforts to ensure that at least 1 percent
22of the total public indebtedness contracted in each fiscal year is underwritten by
23lesbian, gay, bisexual, or transgender-owned investment firms.
AB68,207 24Section 207. 18.16 (2) (d) of the statutes is created to read:
AB68,277,4
118.16 (2) (d) Except as provided in sub. (7), in contracting public debt by
2competitive sale, the commission shall make efforts to ensure that at least 1 percent
3of the total public indebtedness contracted in each fiscal year is underwritten by
4disability-owned investment firms.
AB68,208 5Section 208. 18.16 (3) (c) of the statutes is created to read:
AB68,277,96 18.16 (3) (c) Except as provided under sub. (7), in contracting public debt by
7negotiated sale, the commission shall make efforts to ensure that at least 1 percent
8of total public indebtedness contracted in each fiscal year is underwritten by lesbian,
9gay, bisexual, or transgender-owned investment firms.
AB68,209 10Section 209. 18.16 (3) (d) of the statutes is created to read:
AB68,277,1411 18.16 (3) (d) Except as provided under sub. (7), in contracting public debt by
12negotiated sale, the commission shall make efforts to ensure that at least 1 percent
13of total public indebtedness contracted in each fiscal year is underwritten by
14disability-owned investment firms.
AB68,210 15Section 210. 18.16 (4) (c) of the statutes is created to read:
AB68,277,2016 18.16 (4) (c) Except as provided under sub. (7), in contracting public debt by
17competitive sale or negotiated sale, the commission shall make efforts to ensure that
18at least 1 percent of the total moneys expended in each fiscal year for the services of
19financial advisers are expended for the services of lesbian, gay, bisexual, or
20transgender-owned financial advisers.
AB68,211 21Section 211. 18.16 (4) (d) of the statutes is created to read:
AB68,278,222 18.16 (4) (d) Except as provided under sub. (7), in contracting public debt by
23competitive sale or negotiated sale, the commission shall make efforts to ensure that
24at least 1 percent of the total moneys expended in each fiscal year for the services of

1financial advisers are expended for the services of disability-owned financial
2advisers.
AB68,212 3Section 212. 18.16 (5) (c) of the statutes is created to read:
AB68,278,84 18.16 (5) (c) Except as provided under s. 18.06 (9) and sub. (7), an individual
5underwriter or syndicate of underwriters shall make efforts to ensure that each bid
6or proposal, submitted by that individual or syndicate in a competitive or negotiated
7sale of public debt, provides for at least 1 percent of sales to lesbian, gay, bisexual,
8or transgender-owned investment firms.
AB68,213 9Section 213. 18.16 (5) (d) of the statutes is created to read:
AB68,278,1410 18.16 (5) (d) Except as provided under s. 18.06 (9) and sub. (7), an individual
11underwriter or syndicate of underwriters shall make efforts to ensure that each bid
12or proposal, submitted by that individual or syndicate in a competitive or negotiated
13sale of public debt, provides for at least 1 percent of sales to disability-owned
14investment firms.
AB68,214 15Section 214. 18.16 (6) of the statutes is amended to read:
AB68,278,2316 18.16 (6) The commission shall annually report to the department of
17administration the total amount of public indebtedness contracted with the
18underwriting services of minority investment firms and, disabled veteran-owned,
19lesbian, gay, bisexual, or transgender-owned, and disability-owned
investment
20firms and the total amount of moneys expended for the services of minority financial
21advisers and
, disabled veteran-owned, lesbian, gay, bisexual, or
22transgender-owned, and disability-owned
financial advisers during the preceding
23fiscal year.
AB68,215 24Section 215. 18.64 (title) of the statutes is amended to read:
AB68,279,3
118.64 (title) Minority financial advisers and investment firms; disabled
2veteran-owned
; lesbian, gay, bisexual, or transgender-owned; and
3disability-owned
financial advisers and investment firms.
AB68,216 4Section 216. 18.64 (1) (a) of the statutes is renumbered 18.64 (1) (ah).
AB68,217 5Section 217. 18.64 (1) (ae) of the statutes is created to read:
AB68,279,76 18.64 (1) (ae) “Disability-owned financial adviser" means a financial adviser
7certified by the department of administration under s. 16.289 (3).
AB68,218 8Section 218. 18.64 (1) (af) of the statutes is created to read:
AB68,279,109 18.64 (1) (af) “Disability-owned investment firm" means an investment firm
10certified by the department of administration under s. 16.289 (3).
AB68,219 11Section 219. 18.64 (1) (br) of the statutes is created to read:
AB68,279,1412 18.64 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser"
13means a financial adviser certified by the department of administration under s.
1416.288 (3).
AB68,220 15Section 220. 18.64 (1) (bs) of the statutes is created to read:
AB68,279,1816 18.64 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm"
17means an investment firm certified by the department of administration under s.
1816.288 (3).
AB68,221 19Section 221. 18.64 (2) (c) of the statutes is created to read:
AB68,279,2320 18.64 (2) (c) Except as provided under sub. (7), in issuing evidences of revenue
21obligations by competitive sale, the commission shall make efforts to ensure that at
22least 1 percent of the total of revenue obligations contracted in each fiscal year is
23underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.
AB68,222 24Section 222. 18.64 (2) (d) of the statutes is created to read:
AB68,280,4
118.64 (2) (d) Except as provided under sub. (7), in issuing evidences of revenue
2obligations by competitive sale, the commission shall make efforts to ensure that at
3least 1 percent of the total of revenue obligations contracted in each fiscal year is
4underwritten by disability-owned investment firms.
AB68,223 5Section 223. 18.64 (3) (c) of the statutes is created to read:
AB68,280,96 18.64 (3) (c) Except as provided under sub. (7), in issuing evidences of revenue
7obligations by negotiated sale, the commission shall make efforts to ensure that at
8least 1 percent of the total of revenue obligations contracted in each fiscal year is
9underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.
AB68,224 10Section 224. 18.64 (3) (d) of the statutes is created to read:
AB68,280,1411 18.64 (3) (d) Except as provided under sub. (7), in issuing evidences of revenue
12obligations by negotiated sale, the commission shall make efforts to ensure that at
13least 1 percent of the total of revenue obligations contracted in each fiscal year is
14underwritten by disability-owned investment firms.
AB68,225 15Section 225. 18.64 (4) (c) of the statutes is created to read:
AB68,280,2016 18.64 (4) (c) Except as provided under sub. (7), in issuing evidences of revenue
17obligations by competitive sale or negotiated sale, the commission shall make efforts
18to ensure that at least 1 percent of the total moneys expended in each fiscal year for
19the services of financial advisers are expended for the services of lesbian, gay,
20bisexual, or transgender-owned financial advisers.
AB68,226 21Section 226. 18.64 (4) (d) of the statutes is created to read:
AB68,281,222 18.64 (4) (d) Except as provided under sub. (7), in issuing evidences of revenue
23obligations by competitive sale or negotiated sale, the commission shall make efforts
24to ensure that at least 1 percent of the total moneys expended in each fiscal year for

1the services of financial advisers are expended for the services of disability-owned
2financial advisers.
AB68,227 3Section 227. 18.64 (5) (c) of the statutes is created to read:
AB68,281,84 18.64 (5) (c) Except as provided under sub. (7), an individual underwriter or
5syndicate of underwriters shall make efforts to ensure that each bid or proposal,
6submitted by that individual or syndicate in a competitive or negotiated sale of a
7revenue obligation, provides for at least 1 percent of sales to lesbian, gay, bisexual,
8or transgender-owned investment firms.
AB68,228 9Section 228. 18.64 (5) (d) of the statutes is created to read:
AB68,281,1410 18.64 (5) (d) Except as provided under sub. (7), an individual underwriter or
11syndicate of underwriters shall make efforts to ensure that each bid or proposal,
12submitted by that individual or syndicate in a competitive or negotiated sale of a
13revenue obligation, provides for at least 1 percent of sales to disability-owned
14investment firms.
AB68,229 15Section 229. 18.64 (6) of the statutes is amended to read:
AB68,281,2316 18.64 (6) The commission shall annually report to the department of
17administration the total amount of revenue obligations contracted with the
18underwriting services of minority investment firms and, disabled veteran-owned,
19lesbian, gay, bisexual, or transgender-owned, and disability-owned
investment
20firms and the total amount of moneys expended for the services of minority financial
21advisers and
, disabled veteran-owned, lesbian, gay, bisexual, or
22transgender-owned, and disability-owned
financial advisers during the preceding
23fiscal year.
AB68,230 24Section 230. 18.77 (title) of the statutes is amended to read:
AB68,282,3
118.77 (title) Minority financial advisers and investment firms; disabled
2veteran-owned
; lesbian, gay, bisexual, or transgender-owned; and
3disability-owned
financial advisers and investment firms.
AB68,231 4Section 231. 18.77 (1) (a) of the statutes is renumbered 18.77 (1) (ah).
AB68,232 5Section 232. 18.77 (1) (ae) of the statutes is created to read:
AB68,282,76 18.77 (1) (ae) “Disability-owned financial adviser" means a financial adviser
7certified by the department of administration under s. 16.289 (3).
AB68,233 8Section 233. 18.77 (1) (af) of the statutes is created to read:
AB68,282,109 18.77 (1) (af) “Disability-owned investment firm" means an investment firm
10certified by the department of administration under s. 16.289 (3).
AB68,234 11Section 234. 18.77 (1) (br) of the statutes is created to read:
AB68,282,1412 18.77 (1) (br) “Lesbian, gay, bisexual, or transgender-owned financial adviser"
13means a financial adviser certified by the department of administration under s.
1416.288 (3).
AB68,235 15Section 235. 18.77 (1) (bs) of the statutes is created to read:
AB68,282,1816 18.77 (1) (bs) “Lesbian, gay, bisexual, or transgender-owned investment firm"
17means an investment firm certified by the department of administration under s.
1816.288 (3).
AB68,236 19Section 236. 18.77 (2) (c) of the statutes is created to read:
AB68,282,2320 18.77 (2) (c) Except as provided under sub. (7), in contracting operating notes
21by competitive sale, the commission shall make efforts to ensure that at least 1
22percent of total operating note indebtedness contracted in each fiscal year is
23underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.
AB68,237 24Section 237. 18.77 (2) (d) of the statutes is created to read:
AB68,283,4
118.77 (2) (d) Except as provided under sub. (7), in contracting operating notes
2by competitive sale, the commission shall make efforts to ensure that at least 1
3percent of total operating note indebtedness contracted in each fiscal year is
4underwritten by disability-owned investment firms.
AB68,238 5Section 238. 18.77 (3) (c) of the statutes is created to read:
AB68,283,96 18.77 (3) (c) Except as provided under sub. (7), in contracting operating notes
7by negotiated sale, the commission shall make efforts to ensure that at least 1
8percent of total operating note indebtedness contracted in each fiscal year is
9underwritten by lesbian, gay, bisexual, or transgender-owned investment firms.
AB68,239 10Section 239. 18.77 (3) (d) of the statutes is created to read:
AB68,283,1411 18.77 (3) (d) Except as provided under sub. (7), in contracting operating notes
12by negotiated sale, the commission shall make efforts to ensure that at least 1
13percent of total operating note indebtedness contracted in each fiscal year is
14underwritten by disability-owned investment firms.
AB68,240 15Section 240. 18.77 (4) (c) of the statutes is created to read:
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