LRB-5584/1
MPG:kjf
2017 - 2018 LEGISLATURE
March 21, 2018 - Introduced by Representatives Spreitzer, Pope, Subeck, Sinicki
and Zamarripa, cosponsored by Senator Vinehout. Referred to Committee on
Constitution and Ethics.
AB1039,4,2 1An Act to repeal 14.58 (4), 16.401 (title), 16.401 (intro.), 16.401 (1), 20.566 (4),
220.907 (5) (e) 12e. and 20.907 (5) (e) 12r.; to renumber 16.401 (3), 16.401 (7)
3(intro.) and (a) to (c), 16.401 (14), 16.401 (15) and 20.505 (1) (gc); to renumber
4and amend
15.105 (25m), 16.40 (21), 16.401 (2), 16.401 (4), 16.401 (5), 16.401
5(6), 16.401 (8), 16.401 (9), 16.401 (10), 16.401 (11), 16.401 (12), 16.401 (13),
616.64, 16.641, 16.642, 20.505 (1) (tb), 20.505 (1) (td), 20.505 (1) (tf), 20.505 (1)
7(th), 20.505 (1) (tj), 20.505 (1) (tL), 20.505 (1) (tn) and 20.505 (1) (tp); to amend
814.58 (1) (intro.), 16.255 (1) (intro.), 16.255 (3) (d), 16.412, 16.415 (1), 16.53 (5),
916.53 (10) (a), 16.53 (10) (b), 18.60 (3), 19.43 (7), 20.437 (2) (qm), 20.505 (1) (kj),
1020.585 (1) (k), 20.906 (1), 20.906 (4), 20.906 (5), 20.906 (6), 20.907 (2), 20.907 (5)
11(a), 20.907 (5) (b), 20.907 (5) (c), 20.907 (5) (d), 20.909 (2), 20.912 (1), 20.912 (3),
1220.912 (4), 20.912 (5), 20.920 (2) (a), 20.929, 23.49, 23.85, 24.17 (1) (intro.), 24.17
13(2), 24.20, 24.25 (1), 24.29, 24.32 (2) (a) 2., 24.33 (1) (c), 24.64, 24.69 (1), 24.71
14(2), 25.14 (3), 25.17 (2) (f), 25.17 (61), 25.19 (3), 25.19 (4), 25.31 (1), 25.50 (3) (a),

125.50 (4), 25.50 (5m) (a), 25.50 (7), 25.50 (8) (b), 25.50 (9), 25.50 (10), 25.80,
225.85, 25.853, 25.855, 26.14 (4), 26.30 (9) (b) (intro.), 29.983 (1) (e), 29.983 (1)
3(f), 29.983 (2), 29.985 (1) (c), 29.985 (1) (d), 29.987 (1) (c), 29.987 (1) (d), 29.989
4(1) (c), 29.989 (1) (d), 29.99 (3), 29.99 (4), 34.08 (2), 36.51 (6), 38.36 (6), 40.04 (3)
5(c), 43.70 (3), 45.45 (5) (b), 45.51 (11), 46.973 (3), 48.275 (2) (d), 48.715 (3) (a) 3.,
649.19 (3) (b), 49.19 (14) (b), 49.498 (16) (g), 49.687 (3) (a), 49.688 (6) (a), 50.03
7(5g) (c) 1. c., 50.034 (8) (d), 50.035 (11) (d), 50.04 (5) (f), 50.377 (4), 50.55 (1) (e),
850.98 (5), 51.605 (2), 55.107 (2), 59.25 (3) (f), 59.25 (3) (k), 59.25 (3) (L), 59.25
9(3) (m), 59.25 (3) (p), 66.0114 (1) (bm), 66.0114 (3) (c), 66.0517 (3) (b) 1., 69.22
10(1m), 69.22 (1q) (intro.), 70.385, 70.39 (4) (b), 71.05 (6) (a) 26. (intro.), 71.05 (6)
11(a) 26. c., 71.05 (6) (b) 23., 71.05 (6) (b) 28. h., 71.05 (6) (b) 31., 71.05 (6) (b) 32.
12(intro.), 71.05 (6) (b) 32m., 71.05 (6) (b) 33. (intro.), 71.10 (5) (h) (intro.), 71.10
13(5e) (h) (intro.), 71.30 (10) (h) (intro.), 71.30 (11) (h) (intro.), 71.74 (13) (a), 71.74
14(13) (b), 71.80 (1) (e), 71.80 (16) (b), 71.80 (17), 71.91 (5) (h), 71.91 (7) (e), 72.24,
1573.03 (6), 73.10 (6), 74.25 (1) (a) 5., 74.27, 74.30 (1) (e), 74.30 (1m), 76.13 (2),
1676.13 (3), 76.15 (2), 76.22 (3), 76.24 (1), 76.28 (4) (b), 76.39 (4) (d), 76.48 (3), 76.48
17(5), 84.11 (4), 84.12 (4), 85.14 (1) (b), 85.14 (2), 87.07 (4), 87.11 (2), 87.13, 93.31,
18100.261 (2), 100.261 (3) (a), 100.261 (3) (b), 100.60 (8) (d) 3., 101.573 (1), 101.573
19(3), 101.573 (4), 102.28 (7) (a), 102.63, 102.85 (4) (c), 102.85 (4) (d), 108.15 (6)
20(c), 108.15 (6) (d) (intro.), 108.15 (6) (e), 108.20 (2), 115.345 (5), 125.14 (2) (e),
21125.14 (2) (f), 139.10 (1), 139.39 (4), 145.12 (5) (c), 146.903 (5) (d), 150.963 (3)
22(e), 165.30 (3), 165.755 (3), 165.755 (4), 165.755 (5), 165.755 (6), 165.755 (7),
23167.31 (5) (c), 167.31 (5) (d), 169.46 (1) (c), 169.46 (1) (d), 169.46 (2) (c), 169.46
24(2) (d), 177.01 (1), 177.23 (2) (e), 180.1440, 181.1440, 185.75 (2), 186.235 (11) (p)
253., 193.735 (1) (intro.), 193.905 (4) (b), 194.51, 195.60 (3), 195.60 (4) (d), 195.60

1(5), 196.199 (3) (d), 196.85 (3), 196.85 (4) (d), 196.85 (5), 215.33 (3) (b) 2., 217.11
2(5), 220.08 (14), 220.08 (20), 223.02 (1) (intro.), 223.02 (1) (b), 223.02 (1) (c),
3223.02 (1) (d), 223.02 (1) (e), 223.20 (3), 224.77 (1m) (c) 1., 253.06 (4) (c) 2., 253.06
4(5) (e), 254.45 (4) (b), 254.59 (2), 254.59 (5), 281.99 (4), 299.93 (3), 299.93 (4),
5301.105 (intro.), 344.185 (2) (e) 2., 345.08, 346.177 (3), 346.177 (4), 346.495 (3),
6346.495 (4), 346.65 (4r) (c), 346.65 (4r) (d), 346.655 (2), 346.655 (3), 346.657 (2),
7349.04 (3), 349.04 (4), 350.115 (1) (c), 350.115 (1) (d), 351.07 (1g), 562.02 (1) (g),
8565.37 (3), 601.13 (1) (intro.), 601.13 (3) (intro.), 601.13 (5), 601.13 (6), 601.13
9(8) (intro.), 601.13 (11), 601.45 (3), 601.62 (4), 604.04 (4), 604.05, 604.06 (1),
10604.07, 605.30, 611.76 (4) (e), 645.73 (1), 645.73 (2), 704.90 (5) (b) 2. d., 704.90
11(6) (b), 707.28 (3) (f) 2. b., 753.07 (2) (a), 753.07 (3) (a), 753.07 (4), 757.05 (1) (b),
12757.05 (1) (c), 757.05 (1) (d), 778.135, 778.17, 812.42 (2) (c), 813.31, 814.60 (1),
13814.61 (1) (a), 814.61 (3), 814.61 (7) (a), 814.61 (7) (b), 814.61 (8) (c), 814.61 (8)
14(d), 814.62 (1), 814.62 (3) (d) 2., 814.62 (3) (d) 3., 814.63 (5), 814.65 (1), 814.66
15(3), 815.18 (3) (o), 815.18 (3) (p), 863.37 (2) (a), 863.39 (1), 863.39 (3) (a), 938.275
16(2) (d), 938.34 (8d) (b), 938.34 (8d) (c), 961.41 (5) (b), 973.042 (4), 973.042 (5),
17973.042 (6), 973.043 (2), 973.043 (4), 973.045 (2), 973.045 (4), 973.046 (2),
18973.046 (3), 973.046 (4), 973.055 (2), 973.055 (3), 973.057 (2) (a), 973.057 (2) (b),
19973.057 (3), 978.12 (5) (c) 1., 978.13 (1) (b), 978.13 (1) (c) and 978.13 (1) (d); and
20to create 14.58 (2m), 14.58 (8) (d), 14.58 (21), 20.585 (1) (a), 20.585 (1) (e),
2120.585 (1) (j), 20.585 (1) (jt), 20.585 (1) (kf), 20.585 (1) (km) and 20.585 (2) (title)
22of the statutes; relating to: the duties and functions of the Department of

1Administration, the Department of Revenue, and the Office of the State
2Treasurer and making appropriations.
Analysis by the Legislative Reference Bureau
This bill transfers the following duties and functions back to the Office of the
State Treasurer (state treasurer) after having been transferred from that office at
various times, as indicated below:
1. Cash management functions. In 2003 Wisconsin Act 33, the state's cash
management functions and related duties were transferred from the state treasurer
to the Department of Administration. This bill transfers those functions and related
duties back to the state treasurer.
2. Local government investment pool. The local government
pooled-investment fund (fund) consists of moneys placed in the state investment
fund by local governmental units. 2011 Wisconsin Act 32 transferred the state
treasurer's duties relating to the fund, including prescribing the mechanisms and
procedures for deposits and withdrawals into and from the fund, to DOA. This bill
transfers those duties back to the state treasurer.
3. Unclaimed property program. 2013 Wisconsin Act 20 transferred the state's
unclaimed property program from the state treasurer to the Department of Revenue.
This bill transfers the program back to the state treasurer.
4. College savings programs. 2011 Wisconsin Act 32 attached the College
Savings Program Board, which had previously been attached to the state treasurer,
to DOA. That board administers the EdVest program, which is a college savings plan
established to enable families to contribute moneys to accounts for the college
expenses of dependents. This bill reattaches the College Savings Program Board to
the state treasurer and requires the state treasurer to administer the state's other
college savings program, which was also transferred from the state treasurer to DOA
under 2011 Wisconsin Act 32.
5. Administrative services. The bill transfers to the state treasurer the duty
to provide administrative services to the Board of Commissioners of Public Lands.
Currently, DOA provides those services, but the state treasurer had previously done
so.
For further information see the state 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:
AB1039,1 3Section 1. 14.58 (1) (intro.) of the statutes is amended to read:
AB1039,5,6
114.58 (1) Sign checks, share drafts, and other drafts have custody of moneys.
2(intro.) Sign Receive and have charge of all moneys paid into the treasury and any
3other moneys received by officers and employees of state agencies; pay out the
4moneys as directed by law, except as provided in ss. 16.52 (7), 20.907 (5) (b), 20.920,
5and 20.929; and sign
checks, share drafts, and other drafts on depositories in which
6moneys may be deposited in one of the following methods:
AB1039,2 7Section 2. 14.58 (2m) of the statutes is created to read:
AB1039,5,98 14.58 (2m) Administrative services. Provide all administrative services to the
9board of commissioners of public lands.
AB1039,3 10Section 3. 14.58 (4) of the statutes is repealed.
AB1039,4 11Section 4 . 14.58 (8) (d) of the statutes is created to read:
AB1039,5,1312 14.58 (8) (d) Any other information pertaining to the duties of the state
13treasurer, as determined by the state treasurer or required by the governor.
AB1039,5 14Section 5 . 14.58 (21) of the statutes is created to read:
AB1039,5,1715 14.58 (21) Pay credit card use charges. From moneys received under ss. 59.25
16(3) (j) and (k) and 85.14, pay the charges under ss. 23.49 and 85.14 (1) (b) and (2) from
17the appropriation under s. 20.585 (1) (km).
AB1039,6 18Section 6. 15.105 (25m) of the statutes is renumbered 14.57, and 14.57 (intro.)
19and (1), as renumbered, are amended to read:
AB1039,5,23 2014.57 College savings program board Same, attached boards. (intro.)
21There is created a college savings program board that is attached to the department
22of administration
state treasurer under s. 15.03 and that consists of all of the
23following members:
AB1039,5,24 24(1) The secretary of administration state treasurer or his or her designee.
AB1039,7 25Section 7 . 16.255 (1) (intro.) of the statutes is amended to read:
AB1039,6,2
116.255 (1) (intro.) The department shall determine the factors to be considered
2in selecting a vendor of the program under s. 16.641 14.64, which shall include:
AB1039,8 3Section 8 . 16.255 (3) (d) of the statutes is amended to read:
AB1039,6,54 16.255 (3) (d) That the vendor communicate to the beneficiary and account
5owner the requirements of s. 16.641 14.64 (8).
AB1039,9 6Section 9. 16.40 (21) of the statutes is renumbered 14.58 (3) and amended to
7read:
AB1039,6,148 14.58 (3) Administrative services provided to the board of commissioners of
9public lands
; accounting. Render an accounting to the board of commissioners of
10public lands for the costs of all administrative services provided by the department
11and other state agencies, as defined in s. 20.001 (1),
state treasurer to the board. All
12moneys received from the board under s. 24.64 for the costs of administrative services
13provided by the department and other state agencies shall be deposited in the
14general fund.
AB1039,10 15Section 10 . 16.401 (title) of the statutes is repealed.
AB1039,11 16Section 11 . 16.401 (intro.) of the statutes is repealed.
AB1039,12 17Section 12 . 16.401 (1) of the statutes is repealed.
AB1039,13 18Section 13. 16.401 (2) of the statutes is renumbered 14.58 (2) and amended
19to read:
AB1039,6,2120 14.58 (2) Issue receipts. Issue receipts for all money paid to the department
21state treasurer.
AB1039,14 22Section 14. 16.401 (3) of the statutes is renumbered 14.58 (3).
AB1039,15 23Section 15. 16.401 (4) of the statutes is renumbered 14.58 (4m) and amended
24to read:
AB1039,7,12
114.58 (4m) Pay on warrants sums authorized by law. (a) Pay out of the
2treasury, on demand, upon the warrants of the department of administration, except
3as provided in s. 20.929, such sums only as are authorized by law to be so paid, if there
4are appropriate funds therein to pay the same, and, when any sum is required to be
5paid out of a particular fund, pay it out of such fund only; and upon each such
6warrant, when payment is made in currency, take the receipt endorsed on or annexed
7thereto, of the payee therein named or an authorized agent or assignee. The
8secretary state treasurer shall accept telephone advice believed by him or her to be
9genuine from any public depository, as defined in s. 34.01 (5), stating that a specified
10amount of money has been deposited with such public depository for the credit of the
11state treasurer, and shall act upon such telephone advice as though it had been in
12writing.
AB1039,7,1913 (b) When in the judgment of the secretary state treasurer balances in state
14public depository accounts are temporarily in excess of that required under par. (a),
15the treasurer, with the concurrence of the secretary of administration, may transfer
16the excess balance to
authorize the preparation of a warrant in excess of the funds
17contained in
the investment fund for the purpose of investment only. The earnings
18attributable to the investment of temporary excess balances shall be distributed as
19provided in sub. (14) (19).
AB1039,16 20Section 16. 16.401 (5) of the statutes is renumbered 14.58 (5) and amended
21to read:
AB1039,8,222 14.58 (5) Account for interest. Pay into the treasury and account for all sums
23directly or indirectly received by the secretary treasurer by virtue of the secretary's
24treasurer's office, or as interest or compensation for the use, deposit, or forbearance

1of any state moneys in the secretary's treasurer's hands or under the secretary's
2treasurer's control.
AB1039,17 3Section 17. 16.401 (6) of the statutes is renumbered 14.58 (6) and amended
4to read:
AB1039,8,165 14.58 (6) Keep cash and fund accounts. Keep records showing the number,
6date, and amount of each cash receipt issued by the department treasurer's office and
7classify said receipts by state funds; submit a summary statement of collections by
8fund together with a copy of each remittance advice in support thereof; keep also
9records showing the check, share draft, or other draft number, date, payee, and
10amount of each cash disbursement and classify said disbursements by state funds;
11keep a record of the date, payee, and amount of each disbursement made by a money
12transfer technique other than a check or draft and classify the disbursement by state
13fund; and verify at the end of each week the amounts shown by the secretary's
14treasurer's records to represent total cash balance and cash balances of individual
15state funds by comparing said amounts with corresponding balances appearing on
16records maintained by the department of administration.
AB1039,18 17Section 18 . 16.401 (7) (intro.) and (a) to (c) of the statutes are renumbered
1814.58 (8) (intro.) and (a) to (c).
AB1039,19 19Section 19. 16.401 (8) of the statutes is renumbered 14.58 (9) and amended
20to read:
AB1039,9,1221 14.58 (9) Submit biennial report. As part of the report submitted under s.
2215.04 (1) (d),
On or before October 15 of each odd-numbered year, submit to the
23governor and the chief clerk of each house of the legislature, for distribution to the
24legislature under s. 13.172 (2), a report containing the same information required of
25departments and independent agencies under s. 15.04 (1) (d). The report shall also

1include a statement showing for each of the 2 preceding fiscal years the cash balance
2in each state fund at the beginning of the fiscal year, the aggregate amount of receipts
3credited, and the aggregate amount of disbursements charged to each said fund
4during the fiscal year and the resultant cash balance in each state fund at the end
5of the fiscal year. This statement shall further show as of the end of each said 2 fiscal
6years, at par, the aggregate value of securities held for each state fund and the
7aggregate value of securities held in trust or deposited for safekeeping, and shall
8show the manner in which the total cash balance was accounted for by listing the
9balances on deposit in each state account in a public depository, deducting from the
10total of such balances the aggregate amount of checks, share drafts, or other drafts
11outstanding and adding thereto the aggregate amount of cash and cash items in
12office.
AB1039,20 13Section 20. 16.401 (9) of the statutes is renumbered 14.58 (10) and amended
14to read:
AB1039,9,2115 14.58 (10) Report certain payments. Whenever the secretary state treasurer
16or any state department shall remit to any county, city, town, or village any sum in
17payment of a state aid or other item, the remitter shall transmit a statement of the
18amount and purpose thereof to the clerk of such municipality. After the receipt
19thereof, the clerk of such municipality shall present such statement at the next
20regular meeting of the governing body and shall thereafter file and keep such
21statement for 6 years.
AB1039,21 22Section 21. 16.401 (10) of the statutes is renumbered 14.58 (12) and amended
23to read:
AB1039,9,2524 14.58 (12) Stamp checks and drafts. Cause to be plainly printed or stamped
25upon each check, share draft, and other draft issued by the secretary state treasurer

1the period of time, as determined by the secretary state treasurer but not to exceed
2one year, during which the check or other draft may be presented for payment. The
3secretary state treasurer shall cancel on his or her records any check or other draft
4that is not presented for payment within the prescribed time period and shall credit
5the amount thereof to the fund upon which it is drawn. Notice of such cancellation
6and credit shall immediately be submitted by the state treasurer to the department
7of administration.
AB1039,22 8Section 22. 16.401 (11) of the statutes is renumbered 14.58 (13) and amended
9to read:
AB1039,10,2310 14.58 (13) Provide services in connection with securities held in trust. Upon
11request therefor from any company, corporation, society, order, or association that
12has securities on deposit with the secretary state treasurer, in trust, mail to its
13address not to exceed 60 days before the same become due, any or all interest
14coupons; return to it any or all bonds, notes, or other deposits as they become due and
15are replaced by other securities; cut all interest coupons, make any endorsement of
16interest or otherwise on any such securities; and collect therefor from the company,
17corporation, society, order, or association making the request, a 25-cent fee for a
18single coupon cut, or for each entry of interest endorsed on a note or return of a bond,
19note, or other security, and a 10-cent fee for each additional coupon cut, or entry of
20interest endorsed on a note, bond, or other security, and may withhold any and all
21coupons cut or refuse endorsement of interest on securities until such fee is paid.
22Such fees shall be paid into the state treasury as a part of the general fund, and an
23extra charge may be required for postage or registered mail.
AB1039,23 24Section 23. 16.401 (12) of the statutes is renumbered 14.58 (17) and amended
25to read:
AB1039,11,6
114.58 (17) Hold safekeeping receipts for federal securities. Whenever any
2federal securities are purchased under authority of any law and the secretary state
3treasurer
is custodian thereof the secretary state treasurer may accept and hold
4safekeeping receipts of a federal reserve bank for such securities. Each such receipt
5shall be identified on its face with the name of the fund to which the securities
6described in the receipt belong.
AB1039,24 7Section 24. 16.401 (13) of the statutes is renumbered 14.58 (18) and amended
8to read:
AB1039,11,169 14.58 (18) Sale of Sell investments. Whenever the department of
10administration
draws a check, share draft, or other draft dated the next following
11business day upon a fund whose investment and collection is under the exclusive
12control of the investment board pursuant to s. 25.17 (1), and the receipts of the state
13treasurer are insufficient to permit a disbursement from said fund in the amount of
14such check, share draft, or other draft, the investment board shall sell investments
15owned by such fund for delivery in time to provide sufficient money to cover such
16check, share draft, or other draft on the date that it bears.
AB1039,25 17Section 25 . 16.401 (14) of the statutes is renumbered 14.58 (19).
AB1039,26 18Section 26 . 16.401 (15) of the statutes is renumbered 14.58 (22).
AB1039,27 19Section 27. 16.412 of the statutes is amended to read:
AB1039,11,24 2016.412 Agency payments. At the request of any agency, the secretary, with
21the approval of the state treasurer,
may authorize the processing of specified regular
22periodic payments through the use of money transfer techniques including, without
23limitation because of enumeration, direct deposit, electronic funds transfer, and
24automated clearinghouse procedures.
AB1039,28 25Section 28. 16.415 (1) of the statutes is amended to read:
AB1039,12,12
116.415 (1) Neither the secretary nor any other fiscal officer of this state may
2draw, sign, or issue, or authorize the drawing, signing, or issuing of any warrant on
3any the state treasurer or other disbursing officer of the state to pay any
4compensation to any person in the classified service of the state unless an estimate,
5payroll, or account for such compensation, containing the names of every person to
6be paid, bears the certificate of the appointing authority that each person named in
7the estimate, payroll, or account has been appointed, employed, or subject to any
8other personnel transaction in accordance with, and that the pay for the person has
9been established in accordance with, the law, compensation plan, or applicable
10collective bargaining agreement, and applicable rules of the administrator of the
11division of personnel management in the department and the director of the bureau
12of merit recruitment and selection in the department then in effect.
AB1039,29 13Section 29. 16.53 (5) of the statutes is amended to read:
AB1039,12,2214 16.53 (5) Warrants; what to specify. The secretary shall draw a warrant on
15the state treasury treasurer payable to the claimant for the amount allowed by the
16secretary upon every claim audited under sub. (1), except as authorized in s. 16.52
17(7), 20.920, or 20.929, specifying from what fund to be paid, the particular law that
18authorizes the claim to be paid out of the state treasury, and at the secretary's
19discretion the post-office address of the payee. No moneys may be paid out of the
20state treasury under this section
The secretary may not credit the state treasurer for
21any sum of money paid out by the state treasurer
otherwise than upon such
22warrants.
AB1039,30 23Section 30. 16.53 (10) (a) of the statutes is amended to read:
AB1039,13,1624 16.53 (10) (a) If an emergency arises which requires the department to draw
25vouchers for payments which will be in excess of available moneys in any state fund,

1the secretary, in consultation with the state treasurer, and after notifying the joint
2committee on finance under par. (b), may prorate and establish priority schedules for
3all payments within each fund, including those payments for which a specific
4payment date is provided by statute, except as otherwise provided in this paragraph.
5The secretary shall draw all vouchers according to the preference provided in this
6paragraph. All direct or indirect payments of principal or interest on state bonds and
7notes issued under subch. I of ch. 18 and payments due, if any, under an agreement
8or ancillary arrangement entered into under s. 18.06 (8) (a) relating to any public
9debt contracted under subchs. I and IV of ch. 18 have first priority. All direct or
10indirect payments of principal or interest on state notes issued under subch. III of
11ch. 18 have 2nd priority. No payment having a 1st or 2nd priority may be prorated
12or reduced under this subsection. All state employee payrolls have 3rd priority. The
13secretary shall draw all remaining vouchers according to a priority determined by
14the secretary. The secretary shall maintain records of all claims prorated under this
15subsection and shall provide written notice to the state treasurer when a potential
16cash flow emergency is anticipated
.
AB1039,31 17Section 31. 16.53 (10) (b) of the statutes is amended to read:
AB1039,13,2518 16.53 (10) (b) Before exercising authority under par. (a) the secretary shall,
19after consultation with the state treasurer,
notify the joint committee on finance as
20to the need for and the procedures under which proration or priority schedules under
21par. (a) shall occur. If the joint committee on finance has not, within 2 working days
22after the notification, scheduled a meeting to review the secretary's proposal, the
23secretary may proceed with the proposed action. If, within 2 working days after the
24notification, the committee schedules a meeting, the secretary may not proceed with
25the proposed action until after the meeting is held.
AB1039,32
1Section 32. 16.64 of the statutes is renumbered 14.63, and 14.63 (2) (intro.)
2and (b), (3) (a), (c) and (d), (5) (b) (intro.), (6) (a) 5. and (b), (7) (a) (intro.), 4. and 5. and
3(b), (7m) (a) (intro.), (b) and (c), (9), (10) (a) and (b), (12) (title), (a) (intro.) and (b)
4(intro.) and (13), as renumbered, are amended to read:
AB1039,14,65 14.63 (2) Weighted average tuition; tuition unit cost. (intro.) Annually, the
6department state treasurer and the board jointly shall determine all of the following:
AB1039,14,137 (b) The price of a tuition unit, which shall be valid for a period determined
8jointly by the department state treasurer and the board. The price shall be sufficient
9to ensure the ability of the department state treasurer to meet its his or her
10obligations under this section. To the extent possible, the price shall be set so that
11the value of the tuition unit in the anticipated academic year of its use will be equal
12to 1 percent of the weighted average tuition for that academic year plus the costs of
13administering the program under this section attributable to the unit.
AB1039,14,16 14(3) (a) An individual, trust, legal guardian, or entity described under 26 USC
15529
(e) (1) (C) may enter into a contract with the department state treasurer for the
16sale of tuition units on behalf of a beneficiary.
AB1039,14,1717 (c) The department state treasurer may charge a purchaser an enrollment fee.
AB1039,14,2018 (d) The department state treasurer shall promulgate rules authorizing a
19person who has entered into a contract under this subsection to change the
20beneficiary named in the contract.
AB1039,14,23 21(5) (b) (intro.) Upon request by the beneficiary, the department state treasurer
22shall pay to the institution or beneficiary, whichever is appropriate, in each semester
23of attendance the lesser of the following:
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