2005 WISCONSIN ACT 77
An Act to create 36.53 of the statutes; relating to: authorizing a program for tuition gift certificates at the University of Wisconsin System.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
77,1
Section
1. 36.53 of the statutes is created to read:
36.53 Tuition gift certificates. (1) The board may establish a gift certificate program for the payment of nonresident tuition and academic fees. The program shall include all of the following components:
(a) The individual named in a gift certificate may use the gift certificate to pay all or a portion of his or her nonresident tuition or academic fees, or for a study-abroad program, at any institution or college campus.
(b) A gift certificate is not transferable, except to a parent, child, spouse, or sibling of the named individual in par. (a).
(c) A gift certificate does not expire.
(2) (a) The board may charge no more than the actual processing cost as a fee for each sale of a gift certificate.
(b) All moneys received by the board from the sales of gift certificates under this section shall be credited to the appropriation account under s. 20.285 (1) (im).