Wisconsin Statutes 200.57 – Minority financial advisers and investment firms and disabled veteran-owned businesses
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 200.57
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
(1) In this section:
(a) “Disabled veteran-owned financial adviser” and “disabled veteran-owned investment firm” mean a financial adviser and investment firm, respectively, certified by the department of administration under s. 16.283 (3).
(b) “Minority financial adviser” and “minority investment firm” mean a financial adviser and investment firm, respectively, certified by the department of administration under s. 16.287 (2).
(2) The commission shall attempt to ensure that 5 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 minority financial advisers or minority investment firms.
(3) The commission shall make 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.