AB64-SA2,16
6Section
16. 16.52 (7) of the statutes is amended to read:
AB64-SA2,27,167
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.
AB64-SA2,17
17Section
17. 16.528 (1) (a) of the statutes is amended to read:
AB64-SA2,27,2318
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.
AB64-SA2,18
24Section
18. 16.53 (2) of the statutes is amended to read:
AB64-SA2,28,9
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.
AB64-SA2,19
10Section
19. 16.54 (9) (a) 1. of the statutes is amended to read:
AB64-SA2,28,1611
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.
AB64-SA2,20
17Section
20. 16.765 (1) of the statutes is amended to read:
AB64-SA2,29,318
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.
AB64-SA2,21
4Section
21. 16.765 (2) of the statutes is amended to read:
AB64-SA2,29,225
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".
AB64-SA2,22
23Section
22. 16.765 (5) of the statutes is amended to read:
AB64-SA2,30,1524
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.
AB64-SA2,23
16Section
23. 16.765 (6) of the statutes is amended to read:
AB64-SA2,30,2517
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.
AB64-SA2,24
1Section
24. 16.765 (7) (intro.) of the statutes is amended to read:
AB64-SA2,31,122
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:
AB64-SA2,25
13Section
25. 16.765 (7) (d) of the statutes is amended to read:
AB64-SA2,31,2014
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.
AB64-SA2,26
21Section
26. 16.765 (8) of the statutes is amended to read:
AB64-SA2,32,1422
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.
AB64-SA2,27
15Section
27. 16.85 (2) of the statutes is amended to read:
AB64-SA2,32,2516
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.
AB64-SA2,28
1Section
28. 16.865 (8) of the statutes is amended to read:
AB64-SA2,33,162
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.
AB64-SA2,29
17Section
29. 19.42 (10) (t) of the statutes is created to read:
AB64-SA2,33,1918
19.42
(10) (t) The chief executive officer and members of the board of directors
19of the Wisconsin Student Loan Refinancing Authority.
AB64-SA2,30
20Section
30. 19.42 (13) (q) of the statutes is created to read:
AB64-SA2,33,2221
19.42
(13) (q) The chief executive officer and members of the board of directors
22of the Wisconsin Student Loan Refinancing Authority.
AB64-SA2,31
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](https://docs.legis.wisconsin.gov/assets/image/file_acrobat.gif)
AB64-SA2,32
1Section
32. 20.195 of the statutes is created to read:
AB64-SA2,34,4
220.195 Wisconsin Student Loan Refinancing Authority. There is
3appropriated to the Wisconsin Student Loan Refinancing Authority for the following
4programs:
AB64-SA2,34,8
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.
AB64-SA2,33
9Section
33. 39.28 (7) of the statutes is created to read:
AB64-SA2,34,1210
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).
AB64-SA2,34
13Section
34. 39.54 of the statutes is created to read:
AB64-SA2,35,2
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
1associate degree or higher or provides a program that is acceptable toward such a
2degree.
AB64-SA2,35,5
3(2) Each institution of higher education shall provide to a prospective or newly
4accepted student and to the student's parents clearly outlined and
5easy-to-understand information pertaining to all of the following:
AB64-SA2,35,66
(a) The total cost of attendance at the institution of higher education.
AB64-SA2,35,117
(b) The approximate or, if known, the actual total amount of financial aid that
8the student would receive from the institution of higher education, and the
9approximate or, if known, the actual total amount of student loan debt that the
10student would accumulate, over the course of 4 years if the student were to attend
11the institution of higher education for 4 years.
AB64-SA2,35,1412
(c) Student loan rates, repayment plans, default rates, and the actual monthly
13payment that would be required to pay the student loan debt described in par. (b)
14when the loan becomes due.
AB64-SA2,35,17
15(3) Each institution of higher education shall create on its Internet site a link
16to that portion of the department of financial institutions' Internet site created under
17s. 224.30 (6) (c) and (d).
AB64-SA2,35
18Section
35. 39.56 of the statutes is created to read:
AB64-SA2,35,23
1939.56 Loan counseling. (1) Definition. In this section, “institution of higher
20education" means an institution or college campus within the University of
21Wisconsin System, a technical college under ch. 38, or any private, nonprofit,
22educational institution located in this state that provides an educational program for
23which it awards an associate degree or higher.
AB64-SA2,36,2
24(2) Applicability. This section applies to any student loan offered by an
25institution of higher education or a private lender or recommended to a student by
1an institution of higher education, other than a federally funded, federally insured,
2or federally guaranteed loan for which counseling is required by
20 USC 1092.
AB64-SA2,36,10
3(3) Entrance counseling. (a) Before a student enters into a student loan
4agreement, an institution of higher education shall provide the student with
5comprehensive information on the terms and conditions of a loan and the
6responsibilities the student has with respect to the loan. The institution shall
7provide the information during a counseling session conducted in person, on a
8written form provided to the student that the student signs and returns, or online,
9with the student acknowledging receipt of the information. The information
10provided shall include all of the following:
AB64-SA2,36,1211
1. To the extent practicable, the effect of accepting the loan to be disbursed on
12the eligibility of the borrower for other forms of student financial assistance.
AB64-SA2,36,1413
2. How interest accrues and is capitalized during periods when the interest is
14not paid by the borrower.
AB64-SA2,36,1715
3. The definitions of full-time and half-time enrollment at the institution of
16higher education, during regular terms and intersession terms, if applicable, and the
17consequences of not maintaining full-time or half-time enrollment.
AB64-SA2,36,2018
4. The importance of contacting the appropriate office at the institution of
19higher education if the borrower withdraws before completing his or her program of
20study so that the institution can provide counseling under sub. (4).
AB64-SA2,36,2221
5. Sample monthly repayment amounts, based on a range of levels of
22indebtedness.
AB64-SA2,36,2523
6. The obligation of the borrower to repay the full amount of the loan,
24irrespective of whether the borrower completes his or her program of study at the
25institution.
AB64-SA2,37,2
17. The likely consequences of default on the loan, including adverse credit
2reports, delinquent debt collection procedures, and litigation.
AB64-SA2,37,43
8. Whether the student has reached the limit on his or her federal student loan
4opportunities.
AB64-SA2,37,75
9. The name of, and contact information for, an individual the borrower may
6contact if he or she has any questions about the borrower's rights and responsibilities
7or the terms and conditions of the loan.
AB64-SA2,37,128
10. How a student or any member of the public may file a complaint about a
9lender with the federal Consumer Financial Protection Bureau by calling a toll-free
10telephone number, or by completing a complaint form, which may be obtained on the
11bureau's Internet site. The institution of higher education shall also include the
12toll-free telephone number and Internet site address of the bureau.
AB64-SA2,37,1413
(b) In conjunction with providing information under par. (a), the institution of
14higher education shall also do all of the following:
AB64-SA2,37,1715
1. Clearly distinguish private loans from federal loans in individual financial
16aid awards by stating, for any private loans included by the institution as part of the
17institution's award package, all of the following:
AB64-SA2,37,1818
a. Whether the rate is fixed or variable.
AB64-SA2,37,2019
b. An explanation that private student loan lenders can offer variable interest
20rates that can increase or decrease over time, depending on market conditions.
AB64-SA2,37,2421
c. An explanation that private student loans have a range of interest rates and
22fees and students should determine the interest rate of, and any fees associated with,
23the private student loan included in their financial aid award package before
24accepting the loan.
AB64-SA2,38,3
1d. An explanation that students should contact the lender of the private
2student loan or their institution's financial aid office if they have any questions about
3a private student loan.
AB64-SA2,38,54
e. An explanation that the interest rate on a private student loan may depend
5on the borrower's credit rating.
AB64-SA2,38,96
2. If the institution of higher education provides a private loan lender list,
7provide general information about the loans available through the lender and
8disclose the basis for each lender's inclusion on the list. The institution shall also
9disclose with the list that the student may choose any lender.
AB64-SA2,38,1510
(c) 1. A lender may not accept a final and complete application for a private
11student loan from an applicant, or assess any fees upon an applicant, without first
12receiving certification from the applicant's institution of higher education that the
13applicant has received counseling from the institution under pars. (a) and (b) and
14that the counseling was conducted in person, unless the certification specified that
15the applicant elected to receive the counseling in a manner other than in person.
AB64-SA2,38,2116
2. The certification required by subd. 1. shall be signed by the applicant and
17the institutional counselor, and shall include the date of the counseling and the
18name, address, and telephone number of both the counselor and the applicant. An
19electronic facsimile copy of the counseling certification satisfies the requirement
20under this subdivision. The lender shall maintain the certification in an accurate,
21reproducible, and accessible format for the term of the student loan.
AB64-SA2,38,25
22(4) Exit counseling. (a) As close as practicable to the date that a student
23graduates from, transfers from, withdraws from, or otherwise completes his or her
24program of study at the institution of higher education, the institution shall provide
25the student with information relating to all of the following:
AB64-SA2,39,4
11. Repayment plans that are available, including a description of the different
2features of each plan and sample information showing the average anticipated
3monthly payments, and the difference in interest paid and total payments, under
4each plan.
AB64-SA2,39,65
2. Debt management strategies designed to facilitate the repayment of
6indebtedness.
AB64-SA2,39,87
3. The options to prepay each loan, pay each loan on a shorter schedule, or
8change repayment plans.
AB64-SA2,39,109
4. The likely consequences of default on the loan, including adverse credit
10reports, delinquent debt collection procedures, and litigation.
AB64-SA2,39,1111
5. The effects of consolidation on a borrower's underlying loan benefits.
AB64-SA2,39,1212
6. Grace periods, loan forgiveness, cancellation, and deferment opportunities.
AB64-SA2,39,1313
7. The borrower benefit programs of different lenders.
AB64-SA2,39,1414
8. The tax benefits that may be available to borrowers.
AB64-SA2,39,1515
9. How to enroll in income-based repayment.
AB64-SA2,39,1816
(b) With respect to a student who leaves an institution of higher education
17without the knowledge of the institution, the institution shall attempt to provide the
18information described in par. (a) to the student in writing.
AB64-SA2,39,22
19(5) Fee. An institution of higher education may assess a reasonable fee to the
20lender to defray the cost of counseling under this section in an amount not exceeding
21$50. The higher educational aids board and the department of financial institutions
22shall jointly promulgate rules to implement and administer this subsection.
AB64-SA2,36
23Section
36. 39.57 of the statutes is created to read:
AB64-SA2,40,12
2439.57 Student loan debt reports.
(1) By January 1 of each year, the Board
25of Regents of the University of Wisconsin System shall provide to the board the
1average amount of student loan incurred in the previous year by resident
2undergraduate students enrolled in each institution within that system, the
3technical college system board shall provide to the board the average amount of
4student loan debt incurred in the previous year by resident undergraduate students
5enrolled in each technical college within that system, each tribally controlled college
6in this state shall provide to the board the average amount of student loan debt
7incurred in the previous year by resident undergraduate students enrolled in that
8tribally controlled college, and the Wisconsin Association of Independent Colleges
9and Universities or a successor organization shall provide to the board the average
10amount of student loan debt incurred in the previous year by resident undergraduate
11students enrolled in each of the private, nonprofit accredited institutions of higher
12education in this state.
AB64-SA2,40,13
13(2) By March 1 of each year, the board shall do all of the following:
AB64-SA2,40,1714
(a) Compile the information provided to the board under sub. (1) and, from that
15information, compute the statewide average amount of student loan debt incurred
16in the previous year by resident undergraduate students enrolled in the institutions
17specified in sub. (1).
AB64-SA2,40,2018
(b) Compare the amount computed under par. (a) to the national average
19amount of student loan debt incurred in the previous year by undergraduate
20students enrolled in institutions of higher education in the United States.
AB64-SA2,40,2421
(c) Compare the amount computed under par. (a) to the statewide average
22amount of student loan debt incurred in the previous year by undergraduate
23students in the state with the lowest ratio of statewide average student loan debt to
24the lowest quintile of state per capita income.
AB64-SA2,41,5
1(d) Submit to the joint committee on finance a report regarding student loan
2debt incurred in the previous year by resident undergraduate students at the
3institutions specified in sub. (1). The report shall include the information provided
4to the board under sub. (1), the statewide average amount of student loan debt
5computed under par. (a), and the comparisons described in pars. (b) and (c).
AB64-SA2,37
6Section
37. 40.02 (54) (n) of the statutes is created to read:
AB64-SA2,41,77
40.02
(54) (n) The Wisconsin Student Loan Refinancing Authority.
AB64-SA2,38
8Section
38. 70.11 (38v) of the statutes is created to read: