Wis. Admin. Code Department of Administration § Adm 82.95 - Certification criteria for a corporation owned by a nonprofit organization
(1) The department may certify a corporation
owned by a nonprofit organization if the department determines that the
nonprofit organization is controlled and managed by disabled veterans or their
duly authorized representatives. Factors that the department may consider in
reaching this determination include the following:
(a) At least 51 percent of the members who
may elect the board of directors or trustees and who are entitled to vote on a
dissolution of the nonprofit organization are disabled veterans.
(b) At least 51 percent of the board of
directors or trustees of the nonprofit organization are disabled
veterans.
(c) The minutes of the
organization's meetings document the active control and participation of the
disabled-veteran members of the board in such areas as setting and monitoring
financial policy, personnel policy and program policy.
(d) The nonprofit organization is independent
of control or substantial influence by a nonprofit or for-profit organization
that is not owned by a disabled veteran. The department shall refutably presume
that the nonprofit disabled veteran-owned organization is dependent on an
organization which is not owned by a disabled veteran if the disabled
veteran-owned organization shares office space, staff, equipment, or other
resources, with a for-profit or nonprofit organization that is not owned by a
disabled veteran or if the disabled veteran-owned organization receives a
majority of its funding from a single organization that is not owned by a
disabled veteran.
(2)
The applicant and department shall follow the certification procedures
described in s.
Adm
82.50.
Notes
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