AB150-engrossed,658,25
20(2) The
board department shall establish plans to be administered by the
board 21department for participation by this state under any federal acts relating to higher
22education and submit them to the U.S. commissioner of education for the
23commissioner's approval. The
board department may utilize such criteria for
24determination of priorities, participation or purpose as are delineated in the federal
25acts.
AB150-engrossed,659,43
39.28
(4) The
board department may assign, sell, convey or repurchase student
4loans made under s. 39.32 subject to prior approval by the joint committee on finance.
AB150-engrossed,659,10
739.285 Education commission review of proposed formulae. (1) By May
81, 1996, and annually thereafter, the education commission shall approve, modify or
9disapprove any proposed formula for the awarding of grants for the upcoming
10academic year submitted under sub. (2) or s. 36.11 (6) (c) or 38.04 (7m).
AB150-engrossed,659,15
11(2) By April 10, 1996, and annually thereafter, the Wisconsin Association of
12Independent Colleges and Universities shall develop and submit to the education
13commission for its review under sub. (1) a proposed formula for the awarding of
14grants under s. 39.30 for the upcoming academic year to students enrolled at private
15institutions of higher education.
AB150-engrossed,659,2018
39.30
(2) (e) The
board department may not make a grant to a student if
it the
19department receives a certification under s.
46.255 73.255 (7) that the student is
20delinquent in child support or maintenance payments.
AB150-engrossed,659,2422
39.30
(2) (f) No grants may be awarded under this section unless the applicable
23formula submitted under s. 39.285 (2) is approved or modified by the education
24commission under s. 39.285 (1).
AB150-engrossed,660,3
139.30
(3) (e) The
board
department shall establish criteria for the treatment
2of financially independent students which are consistent with procedures in pars. (a)
3to (d).
AB150-engrossed,660,85
39.30
(3) (f) The
board department may not make initial awards of grants
6under this section for an academic year in an amount that exceeds 122% of the
7amount appropriated under s. 20.235 (1) (b) for the fiscal year in which the grant may
8be paid.
AB150-engrossed,660,1310
39.30
(4) Forms. The
board department shall prescribe, furnish and make
11available, at locations in the state convenient to the public, application forms for
12grants under this section. Upon request,
it the department shall advise and assist
13applicants in making out such forms.
AB150-engrossed,660,18
1539.31 Determination of student costs. (intro.) In determining a student's
16total cost of attending a postsecondary institution for the purpose of calculating the
17amount of a grant under s. 39.30, 39.38, 39.435 or 39.44 the
board department shall
18include the following:
AB150-engrossed,660,2020
39.31
(2) Miscellaneous expenses, as determined by the
board department.
AB150-engrossed,660,2222
39.31
(3) The cost of child care, as determined by the
board department.
AB150-engrossed,660,2424
39.32
(2) (intro.) The
board department shall:
AB150-engrossed,661,2
139.32
(3) (intro.) The
board
department may make and authorize loans to be
2made to students if:
AB150-engrossed,661,64
39.32
(3) (b) The student's eligibility for a loan is certified to the
board 5department by the institution of higher education in which the student is enrolled
6or has been accepted for enrollment.
AB150-engrossed,661,108
39.32
(3) (g) The student is not in default on any previous loan or the
board 9department has determined that the student has made satisfactory arrangements
10to repay the defaulted loan.
AB150-engrossed,661,1412
39.32
(5) The
board department may collect any loans made or authorized to
13be made by the
board department pursuant to this section or made prior to July 1,
141966, under s. 49.42, 1963 stats.
AB150-engrossed,661,2516
39.32
(6) The
board department shall satisfy the loan of any student who
17obtained a loan under this section or s. 39.023, 1965 stats., between July 1, 1966, and
18December 15, 1968, where such student died or dies after July 1, 1966, and before
19completing repayment thereof, and shall write off the balance of principal and
20interest owing on the loan on the date it received confirmation of such student's
21death. Obligation to repay such a loan shall terminate on the date of the student's
22death and any payments made thereon to the
board
department after such date shall
23be refunded to the payor or the payor's heirs, executor or administrator from the
24appropriation in s. 20.235 (2) (ba) upon receipt by the
board department of an
25application for refund.
AB150-engrossed,662,62
39.32
(7) The
board department may write off defaulted student loans made
3pursuant to this section or made prior to July 1, 1966, under s. 49.42, 1963 stats.,
4from moneys other than advances from the investment board originally
5appropriated for student loans, and from moneys other than moneys resulting from
6assignment, sale or conveyance of student loans.
AB150-engrossed,662,118
39.32
(8) The
board department may use up to $150,000 annually of student
9revenue bond proceeds for the purpose of consolidating loans for needy students who
10have a state direct loan and one or more federally guaranteed student loans from one
11or more private lenders.
AB150-engrossed,662,1913
39.32
(10) (a) The
board department may enter into contractual agreements
14with lenders in this state and lenders in other states which grant loans to residents
15of this state, and with institutions and agencies wherein the
board department may
16provide and furnish to such lenders, institutions and agencies administrative
17services related to the operation of any programs involving the granting of loans to
18students including but not limited to any and all services and functions related to the
19granting, administering and collecting of any loans made to students.
AB150-engrossed,663,320
(b) The
board department shall have all powers as are reasonably appropriate
21to the provision of such services and the performance of such contracts and may
22include charges or fees to be paid by the lenders, institutions and agencies to the
23board department for the provision of such administrative services or any services
24or activities related to the collection of any student loans for which the
board 25department may become responsible by operation of law or by contractual
1agreements under this paragraph, but such charges or fees, before being instituted
2by the
board department, shall be approved by the secretary of
the department of 3administration.
AB150-engrossed,663,125
39.32
(11) (a) In lieu of the procedure under ch. 812, the
board department, on
6behalf of the corporation under s. 39.33, or the corporation, on its own behalf, may
7certify the department of administration to deduct money from a state employe's
8earnings. The
board department shall specify an amount, not to exceed 25% of the
9employe's disposable earnings, as defined in s. 812.30 (6), to be deducted on a
10continuing basis until the amount certified by the
board department or corporation
11has been paid. The department of administration shall remit moneys deducted to
12the
board department or the corporation.
AB150-engrossed,663,2113
(b) The procedure in this section may be used only if the amount owed to the
14board department or corporation is reduced to a judgment. At least 30 days prior to
15certification, the
board department or corporation shall notify the debtor under s.
16879.05 (2) or (3) of the intent to certify the debt to the department of administration
17and of the debtor's right to a contested case hearing before the
board department 18under s. 227.42. If the debtor requests a hearing within 20 days after receiving
19notice, the
board department shall notify the department of administration which
20shall not make deductions under par. (a) until a decision is reached under s. 227.47
21or the case is otherwise concluded.
AB150-engrossed,663,2322
(c) The department of administration shall prescribe the manner and form for
23certification of debts by the
board department or corporation under this subsection.
AB150-engrossed,664,6
139.325 Wisconsin health education loan program. (1) There is
2established, to be administered by the
board department, a Wisconsin health
3education loan program under P.L.
94-484, on July 29, 1979, in order to provide
4financial aid to medical and dentistry students enrolled in the university of
5Wisconsin medical school, the medical college of Wisconsin or Marquette university
6school of dentistry.
AB150-engrossed,664,16
7(2) The
board department shall lend to students who qualify under sub. (1) any
8moneys appropriated or authorized through the issuance of revenue obligations. The
9board department shall require a student borrowing moneys under this section to
10pay interest while in medical or dental school and during his or her residency
11training at the rate of at least 3% per year on the sum of the principal amount of the
12student's obligation and the accumulated interest, unless federal law provides
13otherwise as a condition of guaranteeing the loan. Principal and interest payable on
14maturing revenue obligations shall, when necessary, be paid from funded reserves,
15authorized under subch. II of ch. 18, or from moneys made available under
chapter
1620, laws of 1981, section
2022 (1).
AB150-engrossed,664,21
17(3) The
board department shall promulgate rules and establish standards and
18methods of determining the amounts of loans, rates of interest and other
19administrative procedures consistent with P.L.
94-484, on July 29, 1979. The rates
20of interest shall be set as low as possible, but shall remain sufficient to cover all costs
21of the program under this section.
AB150-engrossed,665,2
2339.33 Guaranteed student loan program. (1) The
board department may
24organize and maintain a nonstock corporation under ch. 181 to provide for a
25guaranteed student loan program in this state under P.L.
89-287 and P.L.
89-329
1as may from time to time be amended. The
board department may make use of and
2pay for the use of the facilities and services of such corporation.
AB150-engrossed,665,8
3(2) The
board department may provide administrative services for the
4nonstock corporation with which the
board department has entered into a
5contractual agreement for purposes of providing for a guaranteed student loan
6program in this state. Services provided under this section shall be in accordance
7with the decision of the
board department as to the type and scope of services
8requested and the civil service range of any employe assigned to them.
AB150-engrossed,665,12
9(3) The
board department or the legislature or any person delegated by the
10legislature may inspect and examine or cause an inspection and examination of all
11records relating to all programs that are, or are to be, administered under
12contractual agreement between the
board department and the corporation.
AB150-engrossed,665,16
1439.34 Medical student loan program. Notwithstanding s. 39.34, 1991
15stats., the
board department shall terminate on August 12, 1993, any obligation to
16repay a loan awarded under this section.
AB150-engrossed,665,21
1839.35 Repayment of scholarships for teachers in educationally
19disadvantaged areas. Notwithstanding s. 39.35, 1969 stats., and s. 39.35, 1991
20stats., the
board department shall terminate on August 12, 1993, any obligation to
21repay a student aid award made under this section.
AB150-engrossed,666,2
2339.36 Repayment of stipends for teachers of the handicapped. 24Notwithstanding s. 39.36, 1969 stats., s. 39.37 (3) (b), 1969 stats., and s. 39.36, 1991
1stats., the
board department shall terminate on August 12, 1993, any obligation to
2repay a stipend awarded under this section.
AB150-engrossed,666,104
39.37
(2) There is created a separate nonlapsible trust fund designated the
5student loan repayment fund consisting of all revenues received in repayment of
6student loans funded under this section, and any other revenues dedicated to it by
7the
board department. The
board department may pledge revenues received or to
8be received by the fund to secure revenue obligations issued under this section, and
9shall have all other powers necessary and convenient to distribute the proceeds of
10the revenue obligations and loan repayments in accordance with subch. II of ch. 18.
AB150-engrossed,666,1612
39.37
(3) All student loans funded with revenue obligations issued under this
13section shall be fully guaranteed as to repayment of principal and interest from
14among a nonstock corporation organized under s. 39.33 (1), the United States, its
15agencies or instrumentalities. The
board department may enter into agreements
16necessary to affect this guaranty.
AB150-engrossed,666,2518
39.374
(2) There is created a separate nonlapsible trust fund designated the
19Wisconsin health education loan repayment fund consisting of all revenues received
20in repayment of loans funded under this section or loans financed from moneys made
21available under
chapter 20, laws of 1981, section
2022 (1). The
board department 22may pledge revenues received or to be received by the fund to secure revenue
23obligations issued under this section, and shall have all other powers necessary and
24convenient to distribute the proceeds of the revenue obligations and loan repayments
25in accordance with subch. II of ch. 18.
AB150-engrossed,667,52
39.374
(3) All loans funded with revenue obligations issued under this section
3shall be fully guaranteed as to repayment of principal and interest by the United
4States, its agencies or instrumentalities. The
board
department may enter into
5agreements necessary to effect this guaranty.
AB150-engrossed,667,97
39.38
(1) There is established, to be administered by the
board department, a
8grant program to assist those Indian students who are residents of this state to
9receive a higher education.
AB150-engrossed,667,2411
39.38
(2) Grants under this section shall be based on financial need, as
12determined by the board. The maximum grant shall not exceed $2,200 per year
, of
13which not more than $1,100 may be from the appropriation under s. 20.235 (1) (fb).
14State aid from this appropriation may be matched by a contribution from a federally
15recognized American Indian tribe or band that is deposited in the general fund and
16credited to the appropriation account under s. 20.235 (1) (gm). Grants shall be
17awarded to students for full-time or part-time attendance at any accredited
18institution of higher education in this state. The board may not make a grant under
19this section to a student if it receives a certification under s. 46.255 (7) that the
20student is delinquent in child support or maintenance payments. Grants shall be
21renewable for up to 5 years if a recipient remains in good academic standing at the
22institution he or she is attending. The American Indian language and culture
23education board shall advise the board on the allocation of grants to students
24enrolled less than half-time.
AB150-engrossed, s. 1887g
1Section 1887g. 39.38 (2) of the statutes, as affected by 1995 Wisconsin Act ....
2(this act), is repealed and recreated to read:
AB150-engrossed,668,163
39.38
(2) Grants under this section shall be based on financial need, as
4determined by the department. The maximum grant shall not exceed $2,200 per
5year, of which not more than $1,100 may be from the appropriation under s. 20.235
6(1) (fb). State aid from this appropriation may be matched by a contribution from a
7federally recognized American Indian tribe or band that is deposited in the general
8fund and credited to the appropriation account under s. 20.235 (1) (gm). Grants shall
9be awarded to students for full-time or part-time attendance at any accredited
10institution of higher education in this state. The department may not make a grant
11under this section to a student if the department receives a certification under s.
1273.255 (7) that the student is delinquent in child support or maintenance payments.
13Grants shall be renewable for up to 5 years if a recipient remains in good academic
14standing at the institution that he or she is attending. The American Indian
15language and culture education board shall advise the department on the allocation
16of grants to students enrolled less than half-time.
AB150-engrossed,668,2018
39.39
(1) (a) (intro.) There is established, to be administered by the
board 19department, a stipend loan program for resident students, including registered
20nurses, who are:
AB150-engrossed,668,2222
39.39
(2) (intro.) The
board department shall:
AB150-engrossed,669,324
39.39
(2) (b) Promulgate rules to administer this section, including rules
25establishing loan amounts and the criteria and procedures for loan forgiveness and
1for selecting loan recipients. Loan recipients shall be selected on the basis of
2financial need, as determined by the
board department, using the needs analysis
3methodology used under s. 39.435.
AB150-engrossed,669,65
39.39
(4) The board may not make any original stipend loans under this section
6after the effective date of this subsection .... [revisor inserts date].
AB150-engrossed, s. 1892
7Section
1892. 39.39 (4) of the statutes, as created by 1995 Wisconsin Act ....
8(this act), is repealed and recreated to read:
AB150-engrossed,669,109
39.39
(4) The department may not make any original stipend loans under this
10section.
AB150-engrossed,669,1312
39.40
(2) (intro.) The
board department shall establish a loan program for
13minority students who meet all of the following requirements: