18.64 Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

278 words·~1 min read·/wi/chapter-18/18-64-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)In this section:

(a)“Disabled veteran-owned financial adviser” means a financial adviser certified by the department of administration under s. 16.283

(3).

(b)“Disabled veteran-owned investment firm” means an investment firm certified by the department of administration under s. 16.283

(3).

(c)“Minority financial adviser” means a financial adviser certified by the department of administration under s. 16.287

(2).

(d)“Minority investment firm” means an investment firm certified by the department of administration under s. 16.287

(2).

(a)Except as provided under sub.

(7), in issuing evidences of revenue obligations by competitive sale, the commission shall ensure that at least 6 percent of the total of revenue obligations contracted in each fiscal year is underwritten by minority investment firms.

(b)Except as provided under sub.

(7), in issuing evidences of revenue obligations by competitive sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.

(a)Except as provided under sub.

(7), in issuing evidences of revenue obligations by negotiated sale, the commission shall ensure that at least 6 percent of the total of revenue obligations contracted in each fiscal year is underwritten by minority investment firms.

(b)Except as provided under sub.

(7), in issuing evidences of revenue obligations by negotiated sale, the commission shall make efforts to ensure that at least 1 percent of the total of revenue obligations contracted in each fiscal year is underwritten by disabled veteran-owned investment firms.