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SB1026,21 25Section 21. 16.855 (10m) (am) 2. of the statutes is amended to read:
SB1026,7,4
116.855 (10m) (am) 2. In awarding construction contracts, the department shall
2attempt exhaust all efforts to ensure that at least 1 percent of the total amount
3expended in each fiscal year is awarded to contractors and subcontractors that are
4disabled veteran-owned businesses.
SB1026,22 5Section 22. 16.855 (10m) (am) 3. of the statutes is amended to read:
SB1026,7,106 16.855 (10m) (am) 3. The department may shall make every effort to award any
7contract to a minority business or disabled veteran-owned business, or a business
8that is both a minority business and a disabled veteran-owned business, if the
9business is a qualified responsible bidder and the business submits a bid that is no
10more than 5 percent higher than the apparent low bid.
SB1026,23 11Section 23. 16.855 (10m) (b) of the statutes is amended to read:
SB1026,7,1412 16.855 (10m) (b) Upon completion of any contract, the contractor shall report
13to the department any amount of the contract that was subcontracted to minority
14businesses or disabled veteran-owned businesses.
SB1026,24 15Section 24. 16.855 (10m) (c) of the statutes is amended to read:
SB1026,7,1816 16.855 (10m) (c) The department shall maintain and annually publish data on
17contracts awarded to minority businesses and disabled veteran-owned businesses
18under this subsection and ss. 16.87 and 84.075.
SB1026,25 19Section 25. 16.87 (1) (am) of the statutes is renumbered 16.87 (1) (d) and
20amended to read:
SB1026,7,2221 16.87 (1) (d) “Disabled veteran-owned “Veteran-owned business" means a
22business certified by the department of administration under s. 16.283 (3).
SB1026,26 23Section 26. 16.87 (2) (c) of the statutes is amended to read:
SB1026,8,3
116.87 (2) (c) The department shall attempt exhaust all efforts to ensure that
2at least 1 percent of the total amount expended under this section in each fiscal year
3is paid to disabled veteran-owned businesses.
SB1026,27 4Section 27. 18.16 (title) of the statutes is amended to read:
SB1026,8,6 518.16 (title) Minority financial advisers and investment firms; disabled
6veteran-owned financial advisers and investment firms.
SB1026,28 7Section 28. 18.16 (1) (a) of the statutes is renumbered 18.16 (1) (e) and
8amended to read:
SB1026,8,119 18.16 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser"
10means a financial adviser certified by the department of administration under s.
1116.283 (3).
SB1026,29 12Section 29. 18.16 (1) (b) of the statutes is renumbered 18.16 (1) (f) and
13amended to read:
SB1026,8,1614 18.16 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm"
15means an investment firm certified by the department of administration under s.
1616.283 (3).
SB1026,30 17Section 30. 18.16 (2) (b) of the statutes is amended to read:
SB1026,8,2118 18.16 (2) (b) Except as provided in sub. (7), in contracting public debt by
19competitive sale, the commission shall make all reasonable and good faith efforts to
20ensure that at least 1 percent of the total public indebtedness contracted in each
21fiscal year is underwritten by disabled veteran-owned investment firms.
SB1026,31 22Section 31. 18.16 (3) (b) of the statutes is amended to read:
SB1026,9,223 18.16 (3) (b) Except as provided under sub. (7), in contracting public debt by
24negotiated sale, the commission shall make all reasonable and good faith efforts to

1ensure that at least 1 percent of total public indebtedness contracted in each fiscal
2year is underwritten by disabled veteran-owned investment firms.
SB1026,32 3Section 32. 18.16 (4) (b) of the statutes is amended to read:
SB1026,9,84 18.16 (4) (b) Except as provided under sub. (7), in contracting public debt by
5competitive sale or negotiated sale, the commission shall make all reasonable and
6good faith
efforts to ensure that at least 1 percent of the total moneys expended in
7each fiscal year for the services of financial advisers are expended for the services of
8disabled veteran-owned financial advisers.
SB1026,33 9Section 33. 18.16 (5) (b) of the statutes is amended to read:
SB1026,9,1410 18.16 (5) (b) Except as provided under s. 18.06 (9) and sub. (7), an individual
11underwriter or syndicate of underwriters shall make all reasonable and good faith
12efforts to ensure that each bid or proposal, submitted by that individual or syndicate
13in a competitive or negotiated sale of public debt, provides for at least 1 percent of
14sales to disabled veteran-owned investment firms.
SB1026,34 15Section 34. 18.16 (6) of the statutes is amended to read:
SB1026,9,2116 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
19investment firms and the total amount of moneys expended for the services of
20minority financial advisers and disabled veteran-owned financial advisers during
21the preceding fiscal year.
SB1026,35 22Section 35. 18.64 (title) of the statutes is amended to read:
SB1026,9,24 2318.64 (title) Minority financial advisers and investment firms; disabled
24veteran-owned financial advisers and investment firms.
SB1026,36
1Section 36. 18.64 (1) (a) of the statutes is renumbered 18.64 (1) (e) and
2amended to read:
SB1026,10,53 18.64 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser"
4means a financial adviser certified by the department of administration under s.
516.283 (3).
SB1026,37 6Section 37. 18.64 (1) (b) of the statutes is renumbered 18.64 (1) (f) and
7amended to read:
SB1026,10,108 18.64 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm"
9means an investment firm certified by the department of administration under s.
1016.283 (3).
SB1026,38 11Section 38. 18.64 (2) (b) of the statutes is amended to read:
SB1026,10,1612 18.64 (2) (b) Except as provided under sub. (7), in issuing evidences of revenue
13obligations by competitive sale, the commission shall make all reasonable and good
14faith
efforts to ensure that at least 1 percent of the total of revenue obligations
15contracted in each fiscal year is underwritten by disabled veteran-owned
16investment firms.
SB1026,39 17Section 39. 18.64 (3) (b) of the statutes is amended to read:
SB1026,10,2218 18.64 (3) (b) Except as provided under sub. (7), in issuing evidences of revenue
19obligations by negotiated sale, the commission shall make all reasonable and good
20faith
efforts to ensure that at least 1 percent of the total of revenue obligations
21contracted in each fiscal year is underwritten by disabled veteran-owned
22investment firms.
SB1026,40 23Section 40. 18.64 (4) (b) of the statutes is amended to read:
SB1026,11,324 18.64 (4) (b) Except as provided under sub. (7), in issuing evidences of revenue
25obligations by competitive sale or negotiated sale, the commission shall make all

1reasonable and good faith
efforts to ensure that at least 1 percent of the total moneys
2expended in each fiscal year for the services of financial advisers are expended for
3the services of disabled veteran-owned financial advisers.
SB1026,41 4Section 41. 18.64 (5) (b) of the statutes is amended to read:
SB1026,11,95 18.64 (5) (b) Except as provided under sub. (7), an individual underwriter or
6syndicate of underwriters shall make all reasonable and good faith efforts to ensure
7that each bid or proposal, submitted by that individual or syndicate in a competitive
8or negotiated sale of a revenue obligation, provides for at least 1 percent of sales to
9disabled veteran-owned investment firms.
SB1026,42 10Section 42. 18.64 (6) of the statutes is amended to read:
SB1026,11,1611 18.64 (6) The commission shall annually report to the department of
12administration the total amount of revenue obligations contracted with the
13underwriting services of minority investment firms and disabled veteran-owned
14investment firms and the total amount of moneys expended for the services of
15minority financial advisers and disabled veteran-owned financial advisers during
16the preceding fiscal year.
SB1026,43 17Section 43. 18.77 (title) of the statutes is amended to read:
SB1026,11,19 1818.77 (title) Minority financial advisers and investment firms; disabled
19veteran-owned financial advisers and investment firms.
SB1026,44 20Section 44. 18.77 (1) (a) of the statutes is renumbered 18.77 (1) (e) and
21amended to read:
SB1026,11,2422 18.77 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser"
23means a financial adviser certified by the department of administration under s.
2416.283 (3).
SB1026,45
1Section 45. 18.77 (1) (b) of the statutes is renumbered 18.77 (1) (f) and
2amended to read:
SB1026,12,53 18.77 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm"
4means an investment firm certified by the department of administration under s.
516.283 (3).
SB1026,46 6Section 46. 18.77 (2) (b) of the statutes is amended to read:
SB1026,12,107 18.77 (2) (b) Except as provided under sub. (7), in contracting operating notes
8by competitive sale, the commission shall make all reasonable and good faith efforts
9to ensure that at least 1 percent of total operating note indebtedness contracted in
10each fiscal year is underwritten by disabled veteran-owned investment firms.
SB1026,47 11Section 47. 18.77 (3) (b) of the statutes is amended to read:
SB1026,12,1512 18.77 (3) (b) Except as provided under sub. (7), in contracting operating notes
13by negotiated sale, the commission shall make all reasonable and good faith efforts
14to ensure that at least 1 percent of total operating note indebtedness contracted in
15each fiscal year is underwritten by disabled veteran-owned investment firms.
SB1026,48 16Section 48. 18.77 (4) (b) of the statutes is amended to read:
SB1026,12,2117 18.77 (4) (b) Except as provided under sub. (7), in contracting operating notes
18by competitive sale or negotiated sale, the commission shall make all reasonable and
19good faith
efforts to ensure that at least 1 percent of the total moneys expended in
20such fiscal year for the services of financial advisers are expended for the services of
21disabled veteran-owned financial advisers.
SB1026,49 22Section 49. 18.77 (5) (b) of the statutes is amended to read:
SB1026,13,223 18.77 (5) (b) Except as provided under sub. (7), an individual underwriter or
24syndicate of underwriters shall make all reasonable and good faith efforts to ensure
25that each bid or proposal, submitted by that individual or syndicate in a competitive

1or negotiated sale of an operating note, provides for at least 1 percent of sales to
2disabled veteran-owned investment firms.
SB1026,50 3Section 50. 18.77 (6) of the statutes is amended to read:
SB1026,13,84 18.77 (6) The commission shall annually report to the department of
5administration the total amount of operating note indebtedness contracted with the
6underwriting services of minority investment firms and the total amount of moneys
7expended for the services of minority financial advisers and disabled veteran-owned
8financial advisers during the preceding fiscal year.
SB1026,51 9Section 51. 20.505 (1) (gr) of the statutes is amended to read:
SB1026,13,1610 20.505 (1) (gr) Disabled veteran-owned, woman-owned, Woman-owned and
11minority business certification fees.
All moneys received from fees collected under s.
1216.283 (3) (c) for the costs of certifying disabled veteran-owned businesses under s.
1316.283; all moneys received from fees collected
under s. 16.285 (1) (bm), for the costs
14of certifying woman-owned businesses under s. 16.285; , and all moneys received
15from fees collected under s. 16.287 (2) (dm) for the costs of certifying minority
16businesses under s. 16.287.
SB1026,52 17Section 52. 23.41 (6) (b) of the statutes is amended to read:
SB1026,13,2018 23.41 (6) (b) The department shall attempt exhaust all efforts to ensure that
19at least 1 percent of the total amount expended under this section in each fiscal year
20is paid to disabled veteran-owned businesses, as defined in s. 16.75 (3m) (a) 1. 5.
SB1026,53 21Section 53. 25.185 (title) of the statutes is amended to read:
SB1026,13,23 2225.185 (title) Minority financial advisers and investment firms;
23disabled veteran-owned financial advisers and investment firms.
SB1026,54 24Section 54. 25.185 (1) (a) of the statutes is renumbered 25.185 (1) (e) and
25amended to read:
SB1026,14,3
125.185 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser"
2means a financial adviser certified by the department of administration under s.
316.283 (3).
SB1026,55 4Section 55. 25.185 (1) (b) of the statutes is renumbered 25.185 (1) (f) and
5amended to read:
SB1026,14,86 25.185 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm"
7means an investment firm certified by the department of administration under s.
816.283 (3).
SB1026,56 9Section 56. 25.185 (2) (b) of the statutes is amended to read:
SB1026,14,1410 25.185 (2) (b) The board shall attempt exhaust all efforts to ensure that at least
111 percent of the total funds expended for financial and investment analysis and for
12common stock and convertible bond brokerage commissions in each fiscal year is
13expended for the services of disabled veteran-owned financial advisers or disabled
14veteran-owned investment firms.
SB1026,57 15Section 57. 25.185 (3) of the statutes is amended to read:
SB1026,14,2016 25.185 (3) The board shall annually report to the department of administration
17the total amount of moneys expended under sub. (2) for common stock and
18convertible bond brokerage commissions, the services of minority and disabled
19veteran-owned financial advisers, and the services of minority and disabled
20veteran-owned investment firms during the preceding fiscal year.
SB1026,58 21Section 58. 45.12 (1) (intro.) and (b) (intro.) of the statutes are consolidated,
22renumbered 45.12 (1) (intro.) and amended to read:
SB1026,14,2423 45.12 (1) (intro.) In this section: (b) “Veteran-owned, “veteran-owned
24business" means each of the following:
SB1026,59 25Section 59. 45.12 (1) (a) of the statutes is repealed.
SB1026,60
1Section 60. 45.12 (1) (b) 1., 2. and 3. of the statutes are renumbered 45.12 (1)
2(a), (b) and (c), and 45.12 (1) (a) and (c), as renumbered, are amended to read:
SB1026,15,43 45.12 (1) (a) A disabled veteran-owned business certified by the department
4of administration under s. 16.283 (3)
.
SB1026,15,75 (c) A business not included under subds. 1. pars. (a) and 2. (b) that the
6department certifies for purposes of this section as being at least 51 percent owned
7by one or more veterans.
SB1026,61 8Section 61 . 45.12 (3) of the statutes is repealed.
SB1026,62 9Section 62 . 45.12 (4) of the statutes is amended to read:
SB1026,15,1210 45.12 (4) The department shall consult with the department of administration
11to design the official logotype under sub. (2) and the official logotype under sub. (3),
12if any
.
SB1026,63 13Section 63. 84.075 (title) of the statutes is amended to read:
SB1026,15,15 1484.075 (title) Contracting with minority businesses and disabled
15veteran-owned businesses.
SB1026,64 16Section 64. 84.075 (1c) (a) of the statutes is renumbered 84.075 (1c) (c) and
17amended to read:
SB1026,15,1918 84.075 (1c) (c) “Disabled veteran-owned “Veteran-owned business" means a
19business certified by the department of administration under s. 16.283 (3).
SB1026,65 20Section 65. 84.075 (1m) (b) of the statutes is amended to read:
SB1026,16,621 84.075 (1m) (b) In purchasing services under s. 84.01 (13), in awarding
22construction contracts under s. 84.06, and in contracting with private contractors
23and agencies under s. 84.07, the department shall attempt exhaust all efforts to
24ensure that at least 1 percent of the total amount expended in each fiscal year is paid
25to contractors, subcontractors, and vendors that are disabled veteran-owned

1businesses. In attempting to meet this goal, the department may award any contract
2to a disabled veteran-owned business that submits a qualified responsible bid that
3is no more than 5 percent higher than the low bid unless doing so would violate the
4provisions of any federal law or regulation or any contract between the department
5and a federal agency or would otherwise result in a reduction of the amount of federal
6highway aid received by this state.
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