The Wisconsin Student Loan Refinancing Authority
This bill creates an authority, which is a public body corporate and politic, to be
known as the Wisconsin Student Loan Refinancing Authority (WSLRA). The
WSLRA is governed by a board that consists of four members of the legislature, three
members who are students of an institution of higher education, and two members
with experience in making student loans. The five members of the board who are not
members of the legislature are nominated by the governor, and with the advice and
consent of the senate appointed, to serve two- or three-year terms. The board
appoints the chief executive officer of WSLRA and annually elects the chairperson
of the board. The board is given all the powers necessary or convenient to carry out
its duties, as well as specific powers to conduct its corporate business, including the
power to issue bonds for any corporate purpose.
Under the bill, the board must develop and implement a loan program under
which state residents may refinance student loans. Under the program, WSLRA
provides a loan to an individual to pay off some or all of his or her outstanding student
loan debt. To qualify for the program, an individual must satisfy eligibility
requirements established by WSLRA. Under the bill, WSLRA must provide loans
under the program at the lowest possible interest rate that is still sufficient to cover
the expenses of the program. A loan issued under the program is not dischargeable
in a bankruptcy proceeding.
Financial aid information
This bill requires the Department of Financial Institutions 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 bill through a designee or third-party contractor.
The bill also requires an institution or college campus within the University of
Wisconsin 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 bill requires an institution of higher education and the Higher
Educational Aids Board 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 bill.
Student loan counseling
This bill requires any institution of higher education in this state that offers an
associate degree or higher to provide loan counseling for its students. Under the bill,
before a student enters into a student loan agreement, the institution must provide
the student with comprehensive information on the terms and conditions of a loan
and the responsibilities the student has with respect to the loan. A lender may not
accept an application for a private student loan, or assess any fees for the loan, unless
the lender has received certification from the applicant's institution of higher
education that the applicant has received such counseling.
The bill also requires an institution of higher education to provide a student
with information when the student leaves the institution, whether through
graduation, transfer, or otherwise. The information must include available loan
repayment plans, debt management strategies, options for prepayment of loans, and
the consequences of defaulting on a loan.
Finally, the bill authorizes an institution of higher education to assess a lender
a reasonable fee of up to $50 to defray the cost of the student counseling required
under the bill.
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 bill, the phase-out provisions do not apply to a taxable year that
begins after December 31, 2017.
This bill 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 bill 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 bill 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.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
For further information see the state and local 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:
AB143,1
1Section
1. 13.172 (1) of the statutes is amended to read:
AB143,5,72
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.
AB143,2
8Section 2
. 13.48 (13) (a) of the statutes is amended to read:
AB143,5,219
13.48
(13) (a) Except as provided in par. (b) or (c), every building, structure or
10facility that is constructed for the benefit of or use of the state, any state agency,
11board, commission or department, the University of Wisconsin Hospitals and Clinics
12Authority, the Fox River Navigational System Authority,
the Wisconsin Student
13Loan Refinancing Authority, the Wisconsin Economic Development Corporation, or
14any local professional baseball park district created under subch. III of ch. 229 if the
15construction is undertaken by the department of administration on behalf of the
16district, shall be in compliance with all applicable state laws, rules, codes and
17regulations but the construction is not subject to the ordinances or regulations of the
18municipality in which the construction takes place except zoning, including without
19limitation because of enumeration ordinances or regulations relating to materials
20used, permits, supervision of construction or installation, payment of permit fees, or
21other restrictions.
AB143,3
22Section 3
. 13.62 (2) of the statutes is amended to read:
AB143,6,223
13.62
(2) “Agency" means any board, commission, department, office, society,
24institution of higher education, council, or committee in the state government, or any
1authority created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238,
239, 2or 279, except that the term does not include a council or committee of the legislature.
AB143,4
3Section 4
. 13.94 (1) (dt) of the statutes is created to read:
AB143,6,84
13.94
(1) (dt) Biennially, beginning in 2019, conduct a financial audit of the
5Wisconsin Student Loan Refinancing Authority and a program evaluation audit of
6the programs administered by the Wisconsin Student Loan Refinancing Authority
7under ch. 239. The legislative audit bureau shall file a copy of each audit report
8under this paragraph with the distributees specified in par. (b).
AB143,5
9Section 5
. 13.94 (1s) (c) 9. of the statutes is created to read:
AB143,6,1110
13.94
(1s) (c) 9. The Wisconsin Student Loan Refinancing Authority for the cost
11of the audit required to be performed under sub. (1) (dt).
AB143,6
12Section 6
. 13.94 (4) (a) 1. of the statutes is amended to read:
AB143,7,413
13.94
(4) (a) 1. Every state department, board, examining board, affiliated
14credentialing board, commission, independent agency, council or office in the
15executive branch of state government; all bodies created by the legislature in the
16legislative or judicial branch of state government; any public body corporate and
17politic created by the legislature including specifically the Fox River Navigational
18System Authority, the Lower Fox River Remediation Authority, the Wisconsin
19Aerospace Authority,
the Wisconsin Student Loan Refinancing Authority, the
20Wisconsin Economic Development Corporation, a professional baseball park district,
21a local professional football stadium district, a local cultural arts district
, and a
22long-term care district under s. 46.2895; every Wisconsin works agency under subch.
23III of ch. 49; every provider of medical assistance under subch. IV of ch. 49; technical
24college district boards; every county department under s. 51.42 or 51.437; every
25nonprofit corporation or cooperative or unincorporated cooperative association to
1which moneys are specifically appropriated by state law; and every corporation,
2institution, association or other organization which receives more than 50 percent
3of its annual budget from appropriations made by state law, including subgrantee or
4subcontractor recipients of such funds.
AB143,7
5Section 7
. 13.95 (intro.) of the statutes is amended to read:
AB143,7,18
613.95 Legislative fiscal bureau. (intro.) There is created a bureau to be
7known as the “Legislative Fiscal Bureau" headed by a director. The fiscal bureau
8shall be strictly nonpartisan and shall at all times observe the confidential nature
9of the research requests received by it; however, with the prior approval of the
10requester in each instance, the bureau may duplicate the results of its research for
11distribution. Subject to s. 230.35 (4) (a) and (f), the director or the director's
12designated employees shall at all times, with or without notice, have access to all
13state agencies, the University of Wisconsin Hospitals and Clinics Authority, the
14Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority,
the
15Wisconsin Student Loan Refinancing Authority, the Wisconsin Economic
16Development Corporation, and the Fox River Navigational System Authority, and to
17any books, records, or other documents maintained by such agencies or authorities
18and relating to their expenditures, revenues, operations, and structure.
AB143,8
19Section 8
. 16.002 (2) of the statutes is amended to read:
AB143,7,2420
16.002
(2) “Departments" means constitutional offices, departments, and
21independent agencies and includes all societies, associations, and other agencies of
22state government for which appropriations are made by law, but not including
23authorities created in subch. II of ch. 114 or in ch. 231, 232, 233, 234, 237, 238,
239, 24or 279.
AB143,9
25Section 9
. 16.004 (4) of the statutes is amended to read:
AB143,8,6
116.004
(4) Freedom of access. The secretary and such employees of the
2department as the secretary designates may enter into the offices of state agencies
3and authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237,
4238,
239, and 279, and may examine their books and accounts and any other matter
5that in the secretary's judgment should be examined and may interrogate the
6agency's employees publicly or privately relative thereto.
AB143,10
7Section 10
. 16.004 (5) of the statutes is amended to read:
AB143,8,118
16.004
(5) Agencies and employees to cooperate. All state agencies and
9authorities created under subch. II of ch. 114 and under chs. 231, 233, 234, 237, 238,
10239, and 279, and their officers and employees, shall cooperate with the secretary
11and shall comply with every request of the secretary relating to his or her functions.
AB143,11
12Section 11
. 16.004 (12) (a) of the statutes is amended to read:
AB143,8,2013
16.004
(12) (a) In this subsection, “state agency" means an association,
14authority, board, department, commission, independent agency, institution, office,
15society, or other body in state government created or authorized to be created by the
16constitution or any law, including the legislature, the office of the governor, and the
17courts, but excluding the University of Wisconsin Hospitals and Clinics Authority,
18the Wisconsin Aerospace Authority, the Lower Fox River Remediation Authority, the
19Wisconsin Economic Development Corporation,
the Wisconsin Student Loan
20Refinancing Authority, and the Fox River Navigational System Authority.
AB143,12
21Section 12
. 16.045 (1) (a) of the statutes is amended to read:
AB143,9,222
16.045
(1) (a) “Agency" means an office, department, independent agency,
23institution of higher education, association, society, or other body in state
24government created or authorized to be created by the constitution or any law, that
25is entitled to expend moneys appropriated by law, including the legislature and the
1courts, but not including an authority created in subch. II of ch. 114 or in ch. 231, 232,
2233, 234, 237, 238,
239, or 279.
AB143,13
3Section 13
. 16.15 (1) (ab) of the statutes is amended to read:
AB143,9,74
16.15
(1) (ab) “Authority" has the meaning given under s. 16.70 (2), but
5excludes the University of Wisconsin Hospitals and Clinics Authority, the Lower Fox
6River Remediation Authority,
the Wisconsin Student Loan Refinancing Authority, 7and the Wisconsin Economic Development Corporation.
AB143,14
8Section 14
. 16.41 (4) of the statutes is amended to read:
AB143,9,109
16.41
(4) In this section, “authority" means a body created under subch. II of
10ch. 114 or under ch. 231, 233, 234, 237, 238,
239, or 279.
AB143,15
11Section 15
. 16.417 (1) (b) of the statutes is amended to read:
AB143,9,1312
16.417
(1) (b) “Authority" means a body created under subch. II of ch. 114 or
13ch. 231, 232, 233, 234, 237, 238,
239, or 279.
AB143,16
14Section 16
. 16.52 (7) of the statutes is amended to read:
AB143,9,2415
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.
AB143,17
25Section 17
. 16.528 (1) (a) of the statutes is amended to read:
AB143,10,6
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.
AB143,18
7Section 18
. 16.53 (2) of the statutes is amended to read:
AB143,10,168
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.
AB143,19
17Section 19
. 16.54 (9) (a) 1. of the statutes is amended to read:
AB143,10,2318
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.
AB143,20
24Section 20
. 16.765 (1) of the statutes is amended to read:
AB143,11,11
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.
AB143,21
12Section 21
. 16.765 (2) of the statutes is amended to read:
AB143,12,513
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".
AB143,22
6Section 22
. 16.765 (5) of the statutes is amended to read:
AB143,12,237
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.
AB143,23
24Section 23
. 16.765 (6) of the statutes is amended to read:
AB143,13,9
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.
AB143,24
10Section 24
. 16.765 (7) (intro.) of the statutes is amended to read:
AB143,13,2111
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:
AB143,25
22Section 25
. 16.765 (7) (d) of the statutes is amended to read:
AB143,14,423
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.
AB143,26
5Section 26
. 16.765 (8) of the statutes is amended to read:
AB143,14,236
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.
AB143,27
24Section 27
. 16.85 (2) of the statutes is amended to read:
AB143,15,10
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.
AB143,28
11Section 28
. 16.865 (8) of the statutes is amended to read:
AB143,16,212
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.
AB143,29
3Section 29
. 19.42 (10) (t) of the statutes is created to read:
AB143,16,54
19.42
(10) (t) The chief executive officer and members of the board of directors
5of the Wisconsin Student Loan Refinancing Authority.
AB143,30
6Section 30
. 19.42 (13) (q) of the statutes is created to read: