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.