LRB-2364/1
GMM:kjf:jf
2007 - 2008 LEGISLATURE
April 19, 2007 - Introduced by Senators Lassa, Harsdorf, Kreitlow, Olsen,
Roessler, Schultz, Vinehout
and Plale, cosponsored by Representatives
Hines, A. Ott, Albers, Benedict, Berceau, Gronemus, Gunderson, Hixson,
Molepske, Montgomery, Mursau, Musser, Owens, Townsend, Van Roy
and
Wasserman. Referred to Committee on Agriculture and Higher Education.
SB155,1,4 1An Act to create 20.235 (1) (cp) and 39.397 of the statutes; relating to: a loan
2program for veterinary medicine students who agree to provide veterinary
3medical services to food-producing animals in this state, requiring the exercise
4of rule-making authority, and making an appropriation.
Analysis by the Legislative Reference Bureau
Under current law, the Higher Educational Aids Board (HEAB) administers
various student loan programs under which certain percentages of the loans are
forgiven for each year that a loan recipient is employed in certain professions after
the completion of the recipient's program of study. Those programs include programs
under which loans are forgiven after the recipient has been employed as a nurse in
this state, as a teacher in the Milwaukee Public Schools, as a teacher of visually
impaired pupils or as an orientation and mobility instructor in this state, and as a
teacher in a school district in this state in which minority students constitute at least
29 percent of the membership of the school district.
This bill creates a loan program, to be administered by HEAB, to defray a
portion of the cost of tuition, fees, and expenses for persons who are enrolled at an
accredited school of veterinary medicine in this state in a curriculum leading to a
doctor of veterinary medicine degree and who agree to engage full time in this state
for not less than six years in a veterinary medicine practice in which not less than
75 percent of the revenue produced by the loan recipient is derived from providing
veterinary medical services to animals that are raised to produce food for human
consumption (food-producing animal veterinary practice). The maximum amount

of a loan that a person may receive during any fiscal year is $12,500 and the
maximum amount that a person may receive under the program is $50,000. After
a loan recipient has completed his or her curriculum of study, HEAB must forgive 10
percent of the loan's principal and interest after the first full year, 10 percent of the
loan's principal and interest after the second full year, 10 percent of the loan's
principal and interest after the third full year, 10 percent of the loan's principal and
interest after the fourth full year, 20 percent of the loan's principal and interest after
the fifth full year, and 20 percent of the loan's principal and interest after the sixth
full year that the recipient has been employed full time in this state in a
food-producing animal veterinary practice.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB155, s. 1 1Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert
2the following amounts for the purposes indicated: - See PDF for table PDF
SB155, s. 2 3Section 2. 20.235 (1) (cp) of the statutes is created to read:
SB155,2,64 20.235 (1) (cp) Loan program for veterinarians of food-producing animals. The
5amounts in the schedule for the loan program for veterinarians of food-producing
6animals under s. 39.397.
SB155, s. 3 7Section 3. 39.397 of the statutes is created to read:
SB155,3,5 839.397 Loan program for veterinarians of food-producing animals. (1)
9The board shall establish a loan program to defray a portion of the cost of tuition, fees,
10and expenses for persons who are enrolled at an accredited school of veterinary

1medicine in this state in a curriculum leading to a doctor of veterinary medicine
2degree and who agree to engage full time in this state for not less than 6 years in a
3veterinary medicine practice in which not less than 75 percent of the revenue
4produced by the loan recipient is derived from providing veterinary medical services
5to food-producing animals, as defined in s. 453.02 (4m).
SB155,3,12 6(2) The board shall make loans under sub. (1) from the appropriation account
7under s. 20.235 (1) (cp). The maximum amount of a loan that a person may receive
8during any fiscal year is $12,500. The maximum amount that a person may receive
9under this section is $50,000. The terms of a loan shall provide that the loan recipient
10is not required to repay the loan while the recipient is enrolled in the curriculum
11described in sub. (1) or during any period of loan deferment authorized by the board
12under rules promulgated under sub. (5).
SB155,4,2 13(3) After the recipient of a loan under sub. (1) has completed the curriculum
14described in sub. (1), the board shall forgive 10 percent of the loan's principal and
15interest after the first full year, 10 percent of the loan's principal and interest after
16the 2nd full year, 10 percent of the loan's principal and interest after the 3rd full year,
1710 percent of the loan's principal and interest after the 4th full year, 20 percent of the
18loan's principal and interest after the 5th full year, and 20 percent of the loan's
19principal and interest after the 6th full year that the recipient has been employed full
20time in this state in a veterinary medicine practice described in sub. (1). The board
21may forgive loans on a prorated basis for persons who are employed less than full
22time. If a loan recipient ceases employment in this state in a veterinary medicine
23practice described in sub. (1) during the the time period allowed for forgiveness or
24if after the end of that time period there remains any unpaid balance on the loan, the

1loan recipient shall repay the unpaid balance of the loan plus interest at a rate
2determined by the board by rule promulgated under sub. (5).
SB155,4,4 3(4) The board shall deposit in the general fund as general purpose revenue —
4earned all repayments of loans made under sub. (1) and the interest on those loans.
SB155,4,6 5(5) The board shall promulgate rules to implement and administer this section,
6including all of the following:
SB155,4,87 (a) Rules relating to verification that a person has been employed as required
8under sub. (3).
SB155,4,109 (b) Rules providing circumstances under which the board may defer repayment
10of a loan.
SB155,4,1211 (c) Rules establishing an interest rate for loans that are not forgiven and must
12be repaid.
SB155, s. 4 13Section 4. Effective date.
SB155,4,1514 (1) This act takes effect on the day after publication, or on the 2nd day after
15publication of the 2007-09 biennial budget act, whichever is later.
SB155,4,1616 (End)
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