CHICAGO -- Gov. Tommy Thompson of Wisconsin has signed into law legislation that allows Milwaukee to sell a $35 million note issue for its public schools without voter approval and sets a goal of 50% participation by minority underwriting firms.

The legislation also requires the city to hire a minority firms as financial adviser for the note issue.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.