This substitute amendment requires the Department of Financial Institutions
(DFI) to compile data related to private student loans for the purpose of comparing
private lending institutions' student loan interest rates and repayment plans. A
"private student loan" is a loan issued by a private lending institution for the purpose
of paying for or financing higher education expenses, including tuition and fees,
books and supplies, and room and board. DFI must create and maintain a list of
private lending institutions that provide the lowest rates and best repayment
options on student loans. DFI must also compile a list of the top ten best private
lending institutions based on rates and policies that are most favorable to the
student borrower. DFI must place these lists on DFI's Internet site and update the
Internet site monthly to ensure that the student loan information in these lists is
current and accurate. DFI's Internet site must also contain information pertaining
to lending institutions that do not make the top ten list, including identifying those
lending institutions that provide the worst rates and strictest repayment options.
DFI may satisfy its duties under the substitute amendment through a designee or
third-party contractor.

The substitute amendment also requires an institution or college campus
within the University of Wisconsin (UW) System, a technical college within the
technical college system, a tribally controlled college, or a private, nonprofit
institution of higher education located in this state (institution of higher education)
to provide to a prospective or newly accepted student and to the student's parents
clearly outlined and easy-to-understand information pertaining to all of the
following:
1. The total cost of attendance at the institution of higher education.
2. The approximate or, if known, the actual total amount of financial aid that
the student would receive from the institution of higher education, and the
approximate or, if known, the actual total amount of student loan debt that the
student would accumulate, over the course of four years, if the student were to attend
the institution of higher education for four years (student loan debt).
3. Student loan rates, repayment plans, default rates, and the actual monthly
payment that would be required to pay that student loan debt when the loan becomes
due.
Finally, the substitute amendment requires an institution of higher education
and the Higher Educational Aids Board (HEAB) to create on their Internet sites a
link to that portion of DFI's Internet site containing the lists and other information
required under the substitute amendment.
Income tax subtraction
Under current law, there is an individual income tax subtraction for amounts
paid by a claimant for tuition expenses and mandatory student fees for a student who
is the claimant or the claimant's dependent under the Internal Revenue Code, to
attend an institution of higher education that is approved by the Educational
Approval Board and that is located in Wisconsin, or to attend certain postsecondary
schools in Minnesota to which the Minnesota-Wisconsin reciprocity agreement
applies. The tuition expenses and fees for which a subtraction may be claimed are
calculated based on the amount of tuition charged by the UW System at four-year
institutions.
Also under current law, the subtraction that a claimant may claim for such
tuition expenses and mandatory student fees is reduced as the claimant's annual
federal adjusted gross income (FAGI) increases until, at a certain point, no
subtraction may be claimed. Currently, the allowable subtraction phases out, for a
single person or a married person filing as a head of household, as the claimant's
FAGI increases from $50,000 to $60,000. Once such a claimant's FAGI exceeds
$60,000, he or she may not claim the subtraction. For a married person filing a joint
return, the phaseout occurs as the married couple's joint FAGI increases from
$80,000 to $100,000, and no subtraction is allowed once the married couple's joint
FAGI exceeds $100,000. The phaseout for a married person filing a separate return
occurs as the claimant's FAGI increases from $40,000 to $50,000, and no subtraction
is allowed once the claimant's FAGI exceeds $50,000.
Under this substitute amendment, the phase-out provisions do not apply to a
taxable year that begins after December 31, 2013.

This substitute amendment also expands the definition of tuition expenses to
include any amount paid by a claimant in the year to which the claim relates on a
student loan, the proceeds of which were used by the claimant to pay the claimant's
expenses for tuition, fees, books, room and board, and educational supplies that were
directly related to the claimant's attendance at an eligible institution. The substitute
amendment defines eligible institution as a regionally accredited, nonprofit,
postsecondary educational institution.
Student loan debt report
Under current law, HEAB administers certain grant and loan programs for
resident students enrolled in institutions of higher education in this state.
This substitute amendment requires HEAB to submit an annual report to the
Joint Committee on Finance regarding student loan debt incurred in the previous
year by resident undergraduate students enrolled in institutions of higher education
located in this state. The report must include that information, together with all of
the following:
1. The statewide average amount of student loan debt incurred in the previous
year by resident undergraduate students enrolled in institutions of higher education
located in this state.
2. A comparison of that statewide average to the national average amount of
student loan debt incurred in the previous year by undergraduate students enrolled
in institutions of higher education in the United States.
3. A comparison of that statewide average to the statewide average amount of
student loan debt incurred in the previous year by undergraduate students in the
state with the lowest ratio of statewide average student loan debt to the lowest
quintile of state per capita income.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB739-ASA1,1 1Section 1. 13.172 (1) of the statutes is amended to read:
AB739-ASA1,4,72 13.172 (1) In this section, "agency" means an office, department, agency,
3institution of higher education, association, society, or other body in state
4government created or authorized to be created by the constitution or any law, that
5is entitled to expend moneys appropriated by law, including the legislature and the
6courts, and any authority created in subch. II of ch. 114 or in ch. 231, 233, 234, 238,
7239, or 279.
AB739-ASA1,2 8Section 2. 13.48 (13) (a) of the statutes is amended to read:
AB739-ASA1,5,13
113.48 (13) (a) Except as provided in par. (b) or (c), every building, structure or
2facility that is constructed for the benefit of or use of the state, any state agency,
3board, commission or department, the University of Wisconsin Hospitals and Clinics
4Authority, the Fox River Navigational System Authority, the Wisconsin Student
5Loan Refinancing Authority,
the Wisconsin Economic Development Corporation, or
6any local professional baseball park district created under subch. III of ch. 229 if the
7construction is undertaken by the department of administration on behalf of the
8district, shall be in compliance with all applicable state laws, rules, codes and
9regulations but the construction is not subject to the ordinances or regulations of the
10municipality in which the construction takes place except zoning, including without
11limitation because of enumeration ordinances or regulations relating to materials
12used, permits, supervision of construction or installation, payment of permit fees, or
13other restrictions.
AB739-ASA1,3 14Section 3. 13.62 (2) of the statutes is amended to read:
AB739-ASA1,5,1815 13.62 (2) "Agency" means any board, commission, department, office, society,
16institution of higher education, council, or committee in the state government, or any
17authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238, 239,
18or 279, except that the term does not include a council or committee of the legislature.
AB739-ASA1,4 19Section 4. 13.94 (1) (dt) of the statutes is created to read:
AB739-ASA1,5,2420 13.94 (1) (dt) Biennially, beginning in 2017, conduct a financial audit of the
21Wisconsin Student Loan Refinancing Authority and a program evaluation audit of
22the programs administered by the Wisconsin Student Loan Refinancing Authority
23under ch. 239. The legislative audit bureau shall file a copy of each audit report
24under this paragraph with the distributees specified in par. (b).
AB739-ASA1,5 25Section 5. 13.94 (1s) (c) 9. of the statutes is created to read:
AB739-ASA1,6,2
113.94 (1s) (c) 9. The Wisconsin Student Loan Refinancing Authority for the cost
2of the audit required to be performed under sub. (1) (dt).
AB739-ASA1,6 3Section 6. 13.94 (4) (a) 1. of the statutes is amended to read:
AB739-ASA1,6,204 13.94 (4) (a) 1. Every state department, board, examining board, affiliated
5credentialing board, commission, independent agency, council or office in the
6executive branch of state government; all bodies created by the legislature in the
7legislative or judicial branch of state government; any public body corporate and
8politic created by the legislature including specifically the Fox River Navigational
9System Authority, the Lower Fox River Remediation Authority, the Wisconsin
10Aerospace Authority, the Wisconsin Student Loan Refinancing Authority, the
11Wisconsin Economic Development Corporation, a professional baseball park district,
12a local professional football stadium district, a local cultural arts district, and a
13long-term care district under s. 46.2895; every Wisconsin works agency under subch.
14III of ch. 49; every provider of medical assistance under subch. IV of ch. 49; technical
15college district boards; every county department under s. 51.42 or 51.437; every
16nonprofit corporation or cooperative or unincorporated cooperative association to
17which moneys are specifically appropriated by state law; and every corporation,
18institution, association or other organization which receives more than 50% of its
19annual budget from appropriations made by state law, including subgrantee or
20subcontractor recipients of such funds.
AB739-ASA1,7 21Section 7. 13.95 (intro.) of the statutes is amended to read:
AB739-ASA1,7,9 2213.95 Legislative fiscal bureau. (intro.) There is created a bureau to be
23known as the "Legislative Fiscal Bureau" headed by a director. The fiscal bureau
24shall be strictly nonpartisan and shall at all times observe the confidential nature
25of the research requests received by it; however, with the prior approval of the

1requester in each instance, the bureau may duplicate the results of its research for
2distribution. Subject to s. 230.35 (4) (a) and (f), the director or the director's
3designated employees shall at all times, with or without notice, have access to all
4state agencies, the University of Wisconsin Hospitals and Clinics Authority, the
5Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
6Wisconsin Student Loan Refinancing Authority,
the Wisconsin Economic
7Development Corporation, and the Fox River Navigational System Authority, and to
8any books, records, or other documents maintained by such agencies or authorities
9and relating to their expenditures, revenues, operations, and structure.
AB739-ASA1,8 10Section 8. 16.002 (2) of the statutes is amended to read:
AB739-ASA1,7,1511 16.002 (2) "Departments" means constitutional offices, departments, and
12independent agencies and includes all societies, associations, and other agencies of
13state government for which appropriations are made by law, but not including
14authorities created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238, 239,
15or 279.
AB739-ASA1,9 16Section 9. 16.004 (4) of the statutes is amended to read:
AB739-ASA1,7,2217 16.004 (4) Freedom of access. The secretary and such employees of the
18department as the secretary designates may enter into the offices of state agencies
19and authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237,
20238, 239, and 279, and may examine their books and accounts and any other matter
21that in the secretary's judgment should be examined and may interrogate the
22agency's employees publicly or privately relative thereto.
AB739-ASA1,10 23Section 10. 16.004 (5) of the statutes is amended to read:
AB739-ASA1,8,224 16.004 (5) Agencies and employees to cooperate. All state agencies and
25authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237, 238,

1239, and 279, and their officers and employees, shall cooperate with the secretary
2and shall comply with every request of the secretary relating to his or her functions.
AB739-ASA1,11 3Section 11. 16.004 (12) (a) of the statutes is amended to read:
AB739-ASA1,8,114 16.004 (12) (a) In this subsection, "state agency" means an association,
5authority, board, department, commission, independent agency, institution, office,
6society, or other body in state government created or authorized to be created by the
7constitution or any law, including the legislature, the office of the governor, and the
8courts, but excluding the University of Wisconsin Hospitals and Clinics Authority,
9the Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
10Wisconsin Economic Development Corporation, the Wisconsin Student Loan
11Refinancing Authority,
and the Fox River Navigational System Authority.
AB739-ASA1,12 12Section 12. 16.045 (1) (a) of the statutes is amended to read:
AB739-ASA1,8,1813 16.045 (1) (a) "Agency" means an office, department, independent agency,
14institution of higher education, association, society, or other body in state
15government created or authorized to be created by the constitution or any law, that
16is entitled to expend moneys appropriated by law, including the legislature and the
17courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 232,
18233, 234, 237, 238, 239, or 279.
AB739-ASA1,13 19Section 13. 16.15 (1) (ab) of the statutes is amended to read:
AB739-ASA1,8,2320 16.15 (1) (ab) "Authority" has the meaning given under s. 16.70 (2), but
21excludes the University of Wisconsin Hospitals and Clinics Authority, the Lower Fox
22River Remediation Authority, the Wisconsin Student Loan Refinancing Authority,
23and the Wisconsin Economic Development Corporation.
AB739-ASA1,14 24Section 14. 16.41 (4) of the statutes is amended to read:
AB739-ASA1,9,2
116.41 (4) In this section, "authority" means a body created under subch. II of
2ch. 114 or under ch. 231, 233, 234, 237, 238, 239, or 279.
AB739-ASA1,15 3Section 15 . 16.417 (1) (b) of the statutes is amended to read:
AB739-ASA1,9,54 16.417 (1) (b) "Authority" means a body created under subch. II of ch. 114 or
5ch. 231, 232, 233, 234, 237, 238, 239, or 279.
AB739-ASA1,16 6Section 16. 16.52 (7) of the statutes is amended to read:
AB739-ASA1,9,167 16.52 (7) Petty cash account. With the approval of the secretary, each agency
8that is authorized to maintain a contingent fund under s. 20.920 may establish a
9petty cash account from its contingent fund. The procedure for operation and
10maintenance of petty cash accounts and the character of expenditures therefrom
11shall be prescribed by the secretary. In this subsection, "agency" means an office,
12department, independent agency, institution of higher education, association,
13society, or other body in state government created or authorized to be created by the
14constitution or any law, that is entitled to expend moneys appropriated by law,
15including the legislature and the courts, but not including an authority created in
16subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, 239, or 279.
AB739-ASA1,17 17Section 17. 16.528 (1) (a) of the statutes is amended to read:
AB739-ASA1,9,2318 16.528 (1) (a) "Agency" means an office, department, independent agency,
19institution of higher education, association, society, or other body in state
20government created or authorized to be created by the constitution or any law, that
21is entitled to expend moneys appropriated by law, including the legislature and the
22courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 233,
23234, 237, 238, 239, or 279.
AB739-ASA1,18 24Section 18. 16.53 (2) of the statutes is amended to read:
AB739-ASA1,10,9
116.53 (2) Improper invoices. If an agency receives an improperly completed
2invoice, the agency shall notify the sender of the invoice within 10 working days after
3it receives the invoice of the reason it is improperly completed. In this subsection,
4"agency" means an office, department, independent agency, institution of higher
5education, association, society, or other body in state government created or
6authorized to be created by the constitution or any law, that is entitled to expend
7moneys appropriated by law, including the legislature and the courts, but not
8including an authority created in subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238,
9239, or 279.
AB739-ASA1,19 10Section 19. 16.54 (9) (a) 1. of the statutes is amended to read:
AB739-ASA1,10,1611 16.54 (9) (a) 1. "Agency" means an office, department, independent agency,
12institution of higher education, association, society or other body in state
13government created or authorized to be created by the constitution or any law, which
14is entitled to expend moneys appropriated by law, including the legislature and the
15courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 233,
16234, 237, 238, 239, or 279.
AB739-ASA1,20 17Section 20. 16.765 (1) of the statutes is amended to read:
AB739-ASA1,11,318 16.765 (1) Contracting agencies, the University of Wisconsin Hospitals and
19Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
20Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
21Student Loan Refinancing Authority,
the Wisconsin Economic Development
22Corporation, and the Bradley Center Sports and Entertainment Corporation shall
23include in all contracts executed by them a provision obligating the contractor not
24to discriminate against any employee or applicant for employment because of age,
25race, religion, color, handicap, sex, physical condition, developmental disability as

1defined in s. 51.01 (5), sexual orientation as defined in s. 111.32 (13m), or national
2origin and, except with respect to sexual orientation, obligating the contractor to take
3affirmative action to ensure equal employment opportunities.
AB739-ASA1,21 4Section 21. 16.765 (2) of the statutes is amended to read:
AB739-ASA1,11,225 16.765 (2) Contracting agencies, the University of Wisconsin Hospitals and
6Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
7Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
8Student Loan Refinancing Authority,
the Wisconsin Economic Development
9Corporation, and the Bradley Center Sports and Entertainment Corporation shall
10include the following provision in every contract executed by them: "In connection
11with the performance of work under this contract, the contractor agrees not to
12discriminate against any employee or applicant for employment because of age, race,
13religion, color, handicap, sex, physical condition, developmental disability as defined
14in s. 51.01 (5), sexual orientation or national origin. This provision shall include, but
15not be limited to, the following: employment, upgrading, demotion or transfer;
16recruitment or recruitment advertising; layoff or termination; rates of pay or other
17forms of compensation; and selection for training, including apprenticeship. Except
18with respect to sexual orientation, the contractor further agrees to take affirmative
19action to ensure equal employment opportunities. The contractor agrees to post in
20conspicuous places, available for employees and applicants for employment, notices
21to be provided by the contracting officer setting forth the provisions of the
22nondiscrimination clause".
AB739-ASA1,22 23Section 22. 16.765 (5) of the statutes is amended to read:
AB739-ASA1,12,1524 16.765 (5) The head of each contracting agency and the boards of directors of
25the University of Wisconsin Hospitals and Clinics Authority, the Fox River

1Navigational System Authority, the Wisconsin Aerospace Authority, the Lower Fox
2River Remediation Authority, the Wisconsin Student Loan Refinancing Authority,
3the Wisconsin Economic Development Corporation, and the Bradley Center Sports
4and Entertainment Corporation shall be primarily responsible for obtaining
5compliance by any contractor with the nondiscrimination and affirmative action
6provisions prescribed by this section, according to procedures recommended by the
7department. The department shall make recommendations to the contracting
8agencies and the boards of directors of the University of Wisconsin Hospitals and
9Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
10Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
11Student Loan Refinancing Authority,
the Wisconsin Economic Development
12Corporation, and the Bradley Center Sports and Entertainment Corporation for
13improving and making more effective the nondiscrimination and affirmative action
14provisions of contracts. The department shall promulgate such rules as may be
15necessary for the performance of its functions under this section.
AB739-ASA1,23 16Section 23. 16.765 (6) of the statutes is amended to read:
AB739-ASA1,12,2517 16.765 (6) The department may receive complaints of alleged violations of the
18nondiscrimination provisions of such contracts. The department shall investigate
19and determine whether a violation of this section has occurred. The department may
20delegate this authority to the contracting agency, the University of Wisconsin
21Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
22Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
23Wisconsin Student Loan Refinancing Authority,
the Wisconsin Economic
24Development Corporation, or the Bradley Center Sports and Entertainment
25Corporation for processing in accordance with the department's procedures.
AB739-ASA1,24
1Section 24. 16.765 (7) (intro.) of the statutes is amended to read:
AB739-ASA1,13,122 16.765 (7) (intro.) When a violation of this section has been determined by the
3department, the contracting agency, the University of Wisconsin Hospitals and
4Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
5Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
6Student Loan Refinancing Authority,
the Wisconsin Economic Development
7Corporation, or the Bradley Center Sports and Entertainment Corporation, the
8contracting agency, the University of Wisconsin Hospitals and Clinics Authority, the
9Fox River Navigational System Authority, the Wisconsin Aerospace Authority, the
10Lower Fox River Remediation Authority, the Wisconsin Student Loan Refinancing
11Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
12Sports and Entertainment Corporation shall:
AB739-ASA1,25 13Section 25. 16.765 (7) (d) of the statutes is amended to read:
AB739-ASA1,13,2014 16.765 (7) (d) Direct the violating party to take immediate steps to prevent
15further violations of this section and to report its corrective action to the contracting
16agency, the University of Wisconsin Hospitals and Clinics Authority, the Fox River
17Navigational System Authority, the Wisconsin Aerospace Authority, the Lower Fox
18River Remediation Authority, the Wisconsin Student Loan Refinancing Authority,
19the Wisconsin Economic Development Corporation, or the Bradley Center Sports
20and Entertainment Corporation.
AB739-ASA1,26 21Section 26. 16.765 (8) of the statutes is amended to read:
AB739-ASA1,14,1422 16.765 (8) If further violations of this section are committed during the term
23of the contract, the contracting agency, the Fox River Navigational System Authority,
24the Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
25Wisconsin Student Loan Refinancing Authority,
the Wisconsin Economic

1Development Corporation, or the Bradley Center Sports and Entertainment
2Corporation may permit the violating party to complete the contract, after complying
3with this section, but thereafter the contracting agency, the Fox River Navigational
4System Authority, the Wisconsin Aerospace Authority, the Lower Fox River
5Remediation Authority, the Wisconsin Student Loan Refinancing Authority, the
6Wisconsin Economic Development Corporation, or the Bradley Center Sports and
7Entertainment Corporation shall request the department to place the name of the
8party on the ineligible list for state contracts, or the contracting agency, the Fox River
9Navigational System Authority, the Wisconsin Aerospace Authority, the Lower Fox
10River Remediation Authority, the Wisconsin Student Loan Refinancing Authority,
11the Wisconsin Economic Development Corporation, or the Bradley Center Sports
12and Entertainment Corporation may terminate the contract without liability for the
13uncompleted portion or any materials or services purchased or paid for by the
14contracting party for use in completing the contract.
AB739-ASA1,27 15Section 27. 16.85 (2) of the statutes is amended to read:
AB739-ASA1,14,2516 16.85 (2) To furnish engineering, architectural, project management, and other
17building construction services whenever requisitions therefor are presented to the
18department by any agency. The department may deposit moneys received from the
19provision of these services in the account under s. 20.505 (1) (kc) or in the general
20fund as general purpose revenue — earned. In this subsection, "agency" means an
21office, department, independent agency, institution of higher education, association,
22society, or other body in state government created or authorized to be created by the
23constitution or any law, which is entitled to expend moneys appropriated by law,
24including the legislature and the courts, but not including an authority created in
25subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, 239, or 279.
AB739-ASA1,28
1Section 28. 16.865 (8) of the statutes is amended to read:
AB739-ASA1,15,162 16.865 (8) Annually in each fiscal year, allocate as a charge to each agency a
3proportionate share of the estimated costs attributable to programs administered by
4the agency to be paid from the appropriation under s. 20.505 (2) (k). The department
5may charge premiums to agencies to finance costs under this subsection and pay the
6costs from the appropriation on an actual basis. The department shall deposit all
7collections under this subsection in the appropriation account under s. 20.505 (2) (k).
8Costs assessed under this subsection may include judgments, investigative and
9adjustment fees, data processing and staff support costs, program administration
10costs, litigation costs, and the cost of insurance contracts under sub. (5). In this
11subsection, "agency" means an office, department, independent agency, institution
12of higher education, association, society, or other body in state government created
13or authorized to be created by the constitution or any law, that is entitled to expend
14moneys appropriated by law, including the legislature and the courts, but not
15including an authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237,
16238, 239, or 279.
AB739-ASA1,29 17Section 29. 19.42 (10) (t) of the statutes is created to read:
AB739-ASA1,15,1918 19.42 (10) (t) The chief executive officer and members of the board of directors
19of the Wisconsin Student Loan Refinancing Authority.
AB739-ASA1,30 20Section 30. 19.42 (13) (p) of the statutes is created to read:
AB739-ASA1,15,2221 19.42 (13) (p) The chief executive officer and members of the board of directors
22of the Wisconsin Student Loan Refinancing Authority.
AB739-ASA1,31 23Section 31. 20.005 (3) (schedule) of the statutes: at the appropriate place,
24insert the following amounts for the purposes indicated: - See PDF for table PDF
AB739-ASA1,32 1Section 32. 20.195 of the statutes is created to read:
AB739-ASA1,16,4 220.195 Wisconsin Student Loan Refinancing Authority. There is
3appropriated to the Wisconsin Student Loan Refinancing Authority for the following
4programs:
AB739-ASA1,16,8 5(1) Student loan refinancing program. (a) Initial funding. Biennially, the
6amounts in the schedule to fund the initial costs of operating the Wisconsin Student
7Loan Refinancing Authority and to start the student loan refinancing program under
8ch. 239.
AB739-ASA1,33 9Section 33. 39.28 (7) of the statutes is created to read:
AB739-ASA1,16,1210 39.28 (7) The board shall create on its Internet site a link to that portion of the
11department of financial institutions' Internet site created under s. 224.30 (6) (c) and
12(d).
AB739-ASA1,34 13Section 34. 39.52 of the statutes is created to read:
AB739-ASA1,17,8 1439.52 Student loan debt reports. (1) By January 1 of each year, the Board
15of Regents of the University of Wisconsin System shall provide to the board the
16average amount of student loan incurred in the previous year by resident
17undergraduate students enrolled in each institution within that system, the
18technical college system board shall provide to the board the average amount of
19student loan debt incurred in the previous year by resident undergraduate students

1enrolled in each technical college within that system, each tribally controlled college
2in this state shall provide to the board the average amount of student loan debt
3incurred in the previous year by resident undergraduate students enrolled in that
4tribally controlled college, and the Wisconsin Association of Independent Colleges
5and Universities or a successor organization shall provide to the board the average
6amount of student loan debt incurred in the previous year by resident undergraduate
7students enrolled in each of the private, nonprofit accredited institutions of higher
8education in this state.
AB739-ASA1,17,9 9(2) By March 1 of each year, the board shall do all of the following:
AB739-ASA1,17,1310 (a) Compile the information provided to the board under sub. (1) and, from that
11information, compute the statewide average amount of student loan debt incurred
12in the previous year by resident undergraduate students enrolled in the institutions
13specified in sub. (1).
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