SB91,9,2415 16.52 (7) Petty cash account. With the approval of the secretary, each agency
16that is authorized to maintain a contingent fund under s. 20.920 may establish a
17petty cash account from its contingent fund. The procedure for operation and
18maintenance of petty cash accounts and the character of expenditures therefrom
19shall be prescribed by the secretary. In this subsection, “agency" means an office,
20department, independent agency, institution of higher education, association,
21society, or other body in state government created or authorized to be created by the
22constitution or any law, that is entitled to expend moneys appropriated by law,
23including the legislature and the courts, but not including an authority created in
24subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, 239, or 279.
SB91,17 25Section 17. 16.528 (1) (a) of the statutes is amended to read:
SB91,10,6
116.528 (1) (a) “Agency" means an office, department, independent agency,
2institution of higher education, association, society, or other body in state
3government created or authorized to be created by the constitution or any law, that
4is entitled to expend moneys appropriated by law, including the legislature and the
5courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 233,
6234, 237, 238, 239, or 279.
SB91,18 7Section 18. 16.53 (2) of the statutes is amended to read:
SB91,10,168 16.53 (2) Improper invoices. If an agency receives an improperly completed
9invoice, the agency shall notify the sender of the invoice within 10 working days after
10it receives the invoice of the reason it is improperly completed. In this subsection,
11“agency" means an office, department, independent agency, institution of higher
12education, association, society, or other body in state government created or
13authorized 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, 233, 234, 237, 238,
16239, or 279.
SB91,19 17Section 19. 16.54 (9) (a) 1. of the statutes is amended to read:
SB91,10,2318 16.54 (9) (a) 1. “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, which
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.
SB91,20 24Section 20. 16.765 (1) of the statutes is amended to read:
SB91,11,11
116.765 (1) Contracting agencies, the University of Wisconsin Hospitals and
2Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
3Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
4Student Loan Refinancing Authority,
the Wisconsin Economic Development
5Corporation, and the Bradley Center Sports and Entertainment Corporation shall
6include in all contracts executed by them a provision obligating the contractor not
7to discriminate against any employee or applicant for employment because of age,
8race, religion, color, handicap, sex, physical condition, developmental disability as
9defined in s. 51.01 (5), sexual orientation as defined in s. 111.32 (13m), or national
10origin and, except with respect to sexual orientation, obligating the contractor to take
11affirmative action to ensure equal employment opportunities.
SB91,21 12Section 21. 16.765 (2) of the statutes is amended to read:
SB91,12,513 16.765 (2) Contracting agencies, the University of Wisconsin Hospitals and
14Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
15Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
16Student Loan Refinancing Authority,
the Wisconsin Economic Development
17Corporation, and the Bradley Center Sports and Entertainment Corporation shall
18include the following provision in every contract executed by them: “In connection
19with the performance of work under this contract, the contractor agrees not to
20discriminate against any employee or applicant for employment because of age, race,
21religion, color, handicap, sex, physical condition, developmental disability as defined
22in s. 51.01 (5), sexual orientation or national origin. This provision shall include, but
23not be limited to, the following: employment, upgrading, demotion or transfer;
24recruitment or recruitment advertising; layoff or termination; rates of pay or other
25forms of compensation; and selection for training, including apprenticeship. Except

1with respect to sexual orientation, the contractor further agrees to take affirmative
2action to ensure equal employment opportunities. The contractor agrees to post in
3conspicuous places, available for employees and applicants for employment, notices
4to be provided by the contracting officer setting forth the provisions of the
5nondiscrimination clause".
SB91,22 6Section 22. 16.765 (5) of the statutes is amended to read:
SB91,12,237 16.765 (5) The head of each contracting agency and the boards of directors of
8the University of Wisconsin Hospitals and Clinics Authority, 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, and the Bradley Center Sports
12and Entertainment Corporation shall be primarily responsible for obtaining
13compliance by any contractor with the nondiscrimination and affirmative action
14provisions prescribed by this section, according to procedures recommended by the
15department. The department shall make recommendations to the contracting
16agencies and the boards of directors of the University of Wisconsin Hospitals and
17Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
18Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
19Student Loan Refinancing Authority,
the Wisconsin Economic Development
20Corporation, and the Bradley Center Sports and Entertainment Corporation for
21improving and making more effective the nondiscrimination and affirmative action
22provisions of contracts. The department shall promulgate such rules as may be
23necessary for the performance of its functions under this section.
SB91,23 24Section 23. 16.765 (6) of the statutes is amended to read:
SB91,13,9
116.765 (6) The department may receive complaints of alleged violations of the
2nondiscrimination provisions of such contracts. The department shall investigate
3and determine whether a violation of this section has occurred. The department may
4delegate this authority to the contracting agency, the University of Wisconsin
5Hospitals and Clinics Authority, the Fox River Navigational System Authority, the
6Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
7Wisconsin Student Loan Refinancing Authority,
the Wisconsin Economic
8Development Corporation, or the Bradley Center Sports and Entertainment
9Corporation for processing in accordance with the department's procedures.
SB91,24 10Section 24. 16.765 (7) (intro.) of the statutes is amended to read:
SB91,13,2111 16.765 (7) (intro.) When a violation of this section has been determined by the
12department, the contracting agency, the University of Wisconsin Hospitals and
13Clinics Authority, the Fox River Navigational System Authority, the Wisconsin
14Aerospace Authority, the Lower Fox River Remediation Authority, the Wisconsin
15Student Loan Refinancing Authority,
the Wisconsin Economic Development
16Corporation, or the Bradley Center Sports and Entertainment Corporation, the
17contracting agency, the University of Wisconsin Hospitals and Clinics Authority, the
18Fox River Navigational System Authority, the Wisconsin Aerospace Authority, the
19Lower Fox River Remediation Authority, the Wisconsin Student Loan Refinancing
20Authority,
the Wisconsin Economic Development Corporation, or the Bradley Center
21Sports and Entertainment Corporation shall:
SB91,25 22Section 25. 16.765 (7) (d) of the statutes is amended to read:
SB91,14,423 16.765 (7) (d) Direct the violating party to take immediate steps to prevent
24further violations of this section and to report its corrective action to the contracting
25agency, the 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, or the Bradley Center Sports
4and Entertainment Corporation.
SB91,26 5Section 26. 16.765 (8) of the statutes is amended to read:
SB91,14,236 16.765 (8) If further violations of this section are committed during the term
7of the contract, the contracting agency, the Fox River Navigational System Authority,
8the Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
9Wisconsin Student Loan Refinancing Authority,
the Wisconsin Economic
10Development Corporation, or the Bradley Center Sports and Entertainment
11Corporation may permit the violating party to complete the contract, after complying
12with this section, but thereafter the contracting agency, the Fox River Navigational
13System Authority, the Wisconsin Aerospace Authority, the Lower Fox River
14Remediation Authority, the Wisconsin Student Loan Refinancing Authority, the
15Wisconsin Economic Development Corporation, or the Bradley Center Sports and
16Entertainment Corporation shall request the department to place the name of the
17party on the ineligible list for state contracts, or the contracting agency, the Fox River
18Navigational System Authority, the Wisconsin Aerospace Authority, the Lower Fox
19River Remediation Authority, the Wisconsin Student Loan Refinancing Authority,
20the Wisconsin Economic Development Corporation, or the Bradley Center Sports
21and Entertainment Corporation may terminate the contract without liability for the
22uncompleted portion or any materials or services purchased or paid for by the
23contracting party for use in completing the contract.
SB91,27 24Section 27. 16.85 (2) of the statutes is amended to read:
SB91,15,10
116.85 (2) To furnish engineering, architectural, project management, and other
2building construction services whenever requisitions therefor are presented to the
3department by any agency. The department may deposit moneys received from the
4provision of these services in the account under s. 20.505 (1) (kc) or in the general
5fund as general purpose revenue — earned. In this subsection, “agency" means an
6office, department, independent agency, institution of higher education, association,
7society, or other body in state government created or authorized to be created by the
8constitution or any law, which is entitled to expend moneys appropriated by law,
9including the legislature and the courts, but not including an authority created in
10subch. II of ch. 114 or in ch. 231, 233, 234, 237, 238, 239, or 279.
SB91,28 11Section 28. 16.865 (8) of the statutes is amended to read:
SB91,16,212 16.865 (8) Annually in each fiscal year, allocate as a charge to each agency a
13proportionate share of the estimated costs attributable to programs administered by
14the agency to be paid from the appropriation under s. 20.505 (2) (k). The department
15may charge premiums to agencies to finance costs under this subsection and pay the
16costs from the appropriation on an actual basis. The department shall deposit all
17collections under this subsection in the appropriation account under s. 20.505 (2) (k).
18Costs assessed under this subsection may include judgments, investigative and
19adjustment fees, data processing and staff support costs, program administration
20costs, litigation costs, and the cost of insurance contracts under sub. (5). In this
21subsection, “agency" means an office, department, independent agency, institution
22of higher education, association, society, or other body in state government created
23or authorized to be created by the constitution or any law, that is entitled to expend
24moneys appropriated by law, including the legislature and the courts, but not

1including an authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237,
2238, 239, or 279.
SB91,29 3Section 29. 19.42 (10) (t) of the statutes is created to read:
SB91,16,54 19.42 (10) (t) The chief executive officer and members of the board of directors
5of the Wisconsin Student Loan Refinancing Authority.
SB91,30 6Section 30. 19.42 (13) (q) of the statutes is created to read:
SB91,16,87 19.42 (13) (q) The chief executive officer and members of the board of directors
8of the Wisconsin Student Loan Refinancing Authority.
SB91,31 9Section 31. 20.005 (3) (schedule) of the statutes: at the appropriate place,
10insert the following amounts for the purposes indicated: - See PDF for table PDF
SB91,32 11Section 32. 20.195 of the statutes is created to read:
SB91,16,14 1220.195 Wisconsin Student Loan Refinancing Authority. There is
13appropriated to the Wisconsin Student Loan Refinancing Authority for the following
14programs:
SB91,16,18 15(1) Student loan refinancing program. (a) Initial funding. Biennially, the
16amounts in the schedule to fund the initial costs of operating the Wisconsin Student
17Loan Refinancing Authority and to start the student loan refinancing program under
18ch. 239.
SB91,33 19Section 33. 39.28 (7) of the statutes is created to read:
SB91,17,3
139.28 (7) The board shall create on its Internet site a link to that portion of the
2department of financial institutions' Internet site created under s. 224.30 (6) (c) and
3(d).
SB91,34 4Section 34. 39.52 of the statutes is created to read:
SB91,17,18 539.52 Student loan debt reports. (1) By January 1 of each year, the Board
6of Regents of the University of Wisconsin System shall provide to the board the
7average amount of student loan incurred in the previous year by resident
8undergraduate students enrolled in each institution within that system, the
9technical college system board shall provide to the board the average amount of
10student loan debt incurred in the previous year by resident undergraduate students
11enrolled in each technical college within that system, each tribally controlled college
12in this state shall provide to the board the average amount of student loan debt
13incurred in the previous year by resident undergraduate students enrolled in that
14tribally controlled college, and the Wisconsin Association of Independent Colleges
15and Universities or a successor organization shall provide to the board the average
16amount of student loan debt incurred in the previous year by resident undergraduate
17students enrolled in each of the private, nonprofit accredited institutions of higher
18education in this state.
SB91,17,19 19(2) By March 1 of each year, the board shall do all of the following:
SB91,17,2320 (a) Compile the information provided to the board under sub. (1) and, from that
21information, compute the statewide average amount of student loan debt incurred
22in the previous year by resident undergraduate students enrolled in the institutions
23specified in sub. (1).
SB91,18,3
1(b) Compare the amount computed under par. (a) to the national average
2amount of student loan debt incurred in the previous year by undergraduate
3students enrolled in institutions of higher education in the United States.
SB91,18,74 (c) Compare the amount computed under par. (a) to the statewide average
5amount of student loan debt incurred in the previous year by undergraduate
6students in the state with the lowest ratio of statewide average student loan debt to
7the lowest quintile of state per capita income.
SB91,18,128 (d) Submit to the joint committee on finance a report regarding student loan
9debt incurred in the previous year by resident undergraduate students at the
10institutions specified in sub. (1). The report shall include the information provided
11to the board under sub. (1), the statewide average amount of student loan debt
12computed under par. (a), and the comparisons described in pars. (b) and (c).
SB91,35 13Section 35. 39.54 of the statutes is created to read:
SB91,18,20 1439.54 Student lending transparency. (1) In this section, “institution of
15higher education" means an institution or college campus within the University of
16Wisconsin System, a technical college within the technical college system, a tribally
17controlled college, or a private, nonprofit institution of higher education located in
18this state that provides an educational program for which the institution awards an
19associate degree or higher or provides a program that is acceptable toward such a
20degree.
SB91,18,23 21(2) Each institution of higher education shall provide to a prospective or newly
22accepted student and to the student's parents clearly outlined and
23easy-to-understand information pertaining to all of the following:
SB91,18,2424 (a) The total cost of attendance at the institution of higher education.
SB91,19,5
1(b) The approximate or, if known, the actual total amount of financial aid that
2the student would receive from the institution of higher education, and the
3approximate or, if known, the actual total amount of student loan debt that the
4student would accumulate, over the course of 4 years if the student were to attend
5the institution of higher education for 4 years.
SB91,19,86 (c) Student loan rates, repayment plans, default rates, and the actual monthly
7payment that would be required to pay the student loan debt described in par. (b)
8when the loan becomes due.
SB91,19,11 9(3) Each institution of higher education shall create on its Internet site a link
10to that portion of the department of financial institutions' Internet site created under
11s. 224.30 (6) (c) and (d).
SB91,36 12Section 36. 39.56 of the statutes is created to read:
SB91,19,17 1339.56 Loan counseling. (1) Definition. In this section, “institution of higher
14education" means an institution or college campus within the University of
15Wisconsin System, a technical college under ch. 38, or any private, nonprofit,
16educational institution located in this state that provides an educational program for
17which it awards an associate degree or higher.
SB91,19,21 18(2) Applicability. This section applies to any student loan offered by an
19institution of higher education or a private lender or recommended to a student by
20an institution of higher education, other than a federally funded, federally insured,
21or federally guaranteed loan for which counseling is required by 20 USC 1092.
SB91,20,4 22(3) Entrance counseling. (a) Before a student enters into a student loan
23agreement, an institution of higher education shall provide the student with
24comprehensive information on the terms and conditions of a loan and the
25responsibilities the student has with respect to the loan. The institution shall

1provide the information during a counseling session conducted in person, on a
2written form provided to the student that the student signs and returns, or online,
3with the student acknowledging receipt of the information. The information
4provided shall include all of the following:
SB91,20,65 1. To the extent practicable, the effect of accepting the loan to be disbursed on
6the eligibility of the borrower for other forms of student financial assistance.
SB91,20,87 2. How interest accrues and is capitalized during periods when the interest is
8not paid by the borrower.
SB91,20,119 3. The definitions of full-time and half-time enrollment at the institution of
10higher education, during regular terms and intersession terms, if applicable, and the
11consequences of not maintaining full-time or half-time enrollment.
SB91,20,1412 4. The importance of contacting the appropriate office at the institution of
13higher education if the borrower withdraws before completing his or her program of
14study so that the institution can provide counseling under sub. (4).
SB91,20,1615 5. Sample monthly repayment amounts, based on a range of levels of
16indebtedness.
SB91,20,1917 6. The obligation of the borrower to repay the full amount of the loan,
18irrespective of whether the borrower completes his or her program of study at the
19institution.
SB91,20,2120 7. The likely consequences of default on the loan, including adverse credit
21reports, delinquent debt collection procedures, and litigation.
SB91,20,2322 8. Whether the student has reached the limit on his or her federal student loan
23opportunities.
SB91,21,3
19. The name of, and contact information for, an individual the borrower may
2contact if he or she has any questions about the borrower's rights and responsibilities
3or the terms and conditions of the loan.
SB91,21,84 10. How a student or any member of the public may file a complaint about a
5lender with the federal Consumer Financial Protection Bureau by calling a toll-free
6telephone number, or by completing a complaint form, which may be obtained on the
7bureau's Internet site. The institution of higher education shall also include the
8toll-free telephone number and Internet site address of the bureau.
SB91,21,109 (b) In conjunction with providing information under par. (a), the institution of
10higher education shall also do all of the following:
SB91,21,1311 1. Clearly distinguish private loans from federal loans in individual financial
12aid awards by stating, for any private loans included by the institution as part of the
13institution's award package, all of the following:
SB91,21,1414 a. Whether the rate is fixed or variable.
SB91,21,1615 b. An explanation that private student loan lenders can offer variable interest
16rates that can increase or decrease over time, depending on market conditions.
SB91,21,2017 c. An explanation that private student loans have a range of interest rates and
18fees and students should determine the interest rate of, and any fees associated with,
19the private student loan included in their financial aid award package before
20accepting the loan.
SB91,21,2321 d. An explanation that students should contact the lender of the private
22student loan or their institution's financial aid office if they have any questions about
23a private student loan.
SB91,21,2524 e. An explanation that the interest rate on a private student loan may depend
25on the borrower's credit rating.
SB91,22,4
12. If the institution of higher education provides a private loan lender list,
2provide general information about the loans available through the lender and
3disclose the basis for each lender's inclusion on the list. The institution shall also
4disclose with the list that the student may choose any lender.
SB91,22,105 (c) 1. A lender may not accept a final and complete application for a private
6student loan from an applicant, or assess any fees upon an applicant, without first
7receiving certification from the applicant's institution of higher education that the
8applicant has received counseling from the institution under pars. (a) and (b) and
9that the counseling was conducted in person, unless the certification specified that
10the applicant elected to receive the counseling in a manner other than in person.
SB91,22,1611 2. The certification required by subd. 1. shall be signed by the applicant and
12the institutional counselor, and shall include the date of the counseling and the
13name, address, and telephone number of both the counselor and the applicant. An
14electronic facsimile copy of the counseling certification satisfies the requirement
15under this subdivision. The lender shall maintain the certification in an accurate,
16reproducible, and accessible format for the term of the student loan.
SB91,22,20 17(4) Exit counseling. (a) As close as practicable to the date that a student
18graduates from, transfers from, withdraws from, or otherwise completes his or her
19program of study at the institution of higher education, the institution shall provide
20the student with information relating to all of the following:
SB91,22,2421 1. Repayment plans that are available, including a description of the different
22features of each plan and sample information showing the average anticipated
23monthly payments, and the difference in interest paid and total payments, under
24each plan.
SB91,23,2
12. Debt management strategies designed to facilitate the repayment of
2indebtedness.
SB91,23,43 3. The options to prepay each loan, pay each loan on a shorter schedule, or
4change repayment plans.
SB91,23,65 4. The likely consequences of default on the loan, including adverse credit
6reports, delinquent debt collection procedures, and litigation.
SB91,23,77 5. The effects of consolidation on a borrower's underlying loan benefits.
SB91,23,88 6. Grace periods, loan forgiveness, cancellation, and deferment opportunities.
SB91,23,99 7. The borrower benefit programs of different lenders.
SB91,23,1010 8. The tax benefits that may be available to borrowers.
SB91,23,1111 9. How to enroll in income-based repayment.
SB91,23,1412 (b) With respect to a student who leaves an institution of higher education
13without the knowledge of the institution, the institution shall attempt to provide the
14information described in par. (a) to the student in writing.
SB91,23,18 15(5) Fee. An institution of higher education may assess a reasonable fee to the
16lender to defray the cost of counseling under this section in an amount not exceeding
17$50. The higher educational aids board and the department of financial institutions
18shall jointly promulgate rules to implement and administer this subsection.
SB91,37 19Section 37. 40.02 (54) (n) of the statutes is created to read:
SB91,23,2020 40.02 (54) (n) The Wisconsin Student Loan Refinancing Authority.
SB91,38 21Section 38. 70.11 (38v) of the statutes is created to read:
SB91,23,2522 70.11 (38v) Wisconsin Student Loan Refinancing Authority. All property
23owned by the Wisconsin Student Loan Refinancing Authority, provided that use of
24the property is primarily related to the purposes of the Wisconsin Student Loan
25Refinancing Authority.
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