SB1026,53 Section 53. 25.185 (title) of the statutes is amended to read:

SB1026,13,23 25.185 (title) Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

SB1026,54 Section 54. 25.185 (1) (a) of the statutes is renumbered 25.185 (1) (e) and amended to read:

SB1026,14,3 25.185 (1) (e) “Disabled veteran-owned “Veteran-owned financial adviser" means a financial adviser certified by the department of administration under s. 16.283 (3).

SB1026,55 Section 55. 25.185 (1) (b) of the statutes is renumbered 25.185 (1) (f) and amended to read:

SB1026,14,8 25.185 (1) (f) “Disabled veteran-owned “Veteran-owned investment firm" means an investment firm certified by the department of administration under s. 16.283 (3).

SB1026,56 Section 56. 25.185 (2) (b) of the statutes is amended to read:

SB1026,14,14 25.185 (2) (b) The board shall attempt exhaust all efforts to ensure that at least 1 percent of the total funds expended for financial and investment analysis and for common stock and convertible bond brokerage commissions in each fiscal year is expended for the services of disabled veteran-owned financial advisers or disabled veteran-owned investment firms.

SB1026,57 Section 57. 25.185 (3) of the statutes is amended to read:

SB1026,14,20 25.185 (3) The board shall annually report to the department of administration the total amount of moneys expended under sub. (2) for common stock and convertible bond brokerage commissions, the services of minority and disabled veteran-owned financial advisers, and the services of minority and disabled veteran-owned investment firms during the preceding fiscal year.

SB1026,58 Section 58. 45.12 (1) (intro.) and (b) (intro.) of the statutes are consolidated, renumbered 45.12 (1) (intro.) and amended to read:

SB1026,14,24 45.12 (1) (intro.) In this section: (b) “Veteran-owned, “veteran-owned business" means each of the following:

SB1026,59 Section 59. 45.12 (1) (a) of the statutes is repealed.

SB1026,60 Section 60. 45.12 (1) (b) 1., 2. and 3. of the statutes are renumbered 45.12 (1) (a), (b) and (c), and 45.12 (1) (a) and (c), as renumbered, are amended to read:

SB1026,15,4 45.12 (1) (a) A disabled veteran-owned business certified by the department of administration under s. 16.283 (3).

SB1026,15,7 (c) A business not included under subds. 1. pars. (a) and 2. (b) that the department certifies for purposes of this section as being at least 51 percent owned by one or more veterans.

SB1026,61 Section 61 . 45.12 (3) of the statutes is repealed.

SB1026,62 Section 62 . 45.12 (4) of the statutes is amended to read:

SB1026,15,12 45.12 (4) The department shall consult with the department of administration to design the official logotype under sub. (2) and the official logotype under sub. (3), if any.

SB1026,63 Section 63. 84.075 (title) of the statutes is amended to read:

SB1026,15,15 84.075 (title) Contracting with minority businesses and disabled veteran-owned businesses.

SB1026,64 Section 64. 84.075 (1c) (a) of the statutes is renumbered 84.075 (1c) (c) and amended to read:

SB1026,15,19 84.075 (1c) (c) “Disabled veteran-owned “Veteran-owned business" means a business certified by the department of administration under s. 16.283 (3).

SB1026,65 Section 65. 84.075 (1m) (b) of the statutes is amended to read:

SB1026,16,6 84.075 (1m) (b) In purchasing services under s. 84.01 (13), in awarding construction contracts under s. 84.06, and in contracting with private contractors and agencies under s. 84.07, the department shall attempt exhaust all efforts to ensure that at least 1 percent of the total amount expended in each fiscal year is paid to contractors, subcontractors, and vendors that are disabled veteran-owned businesses. In attempting to meet this goal, the department may award any contract to a disabled veteran-owned business that submits a qualified responsible bid that is no more than 5 percent higher than the low bid unless doing so would violate the provisions of any federal law or regulation or any contract between the department and a federal agency or would otherwise result in a reduction of the amount of federal highway aid received by this state.

SB1026,66 Section 66. 84.075 (1m) (c) of the statutes is amended to read:

SB1026,16,12 84.075 (1m) (c) If a contractor, subcontractor, or vendor is both a minority business and a disabled veteran-owned business, the department may shall make every effort to award a contract under par. (a) or (b) but the qualified responsible bid must be no more than 5 percent higher than the low bid, as provided under pars. (a) and (b).

SB1026,67 Section 67. 84.075 (2) of the statutes is amended to read:

SB1026,16,16 84.075 (2) The contractor shall report to the department any amount of the contract paid to subcontractors and vendors which are minority businesses or disabled veteran-owned businesses.