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: