SB70-SSA2-SA3,13,10 39.435 (title) Wisconsin grants and talent incentive grants. (1) There is established, to be administered by the board, a grant program for postsecondary resident students enrolled at least half-time and registered as freshmen, sophomores, juniors, or seniors in accredited institutions of higher education or in tribally controlled colleges in this state, or enrolled at least quarter-time in a technical college within the technical college system in this state. Except as authorized under sub. (5), such These grants shall be made only to students enrolled in nonprofit public institutions or tribally controlled colleges in this state.”.

SB70-SSA2-SA3,13,11 40. Page 374, line 11: after that line insert:

SB70-SSA2-SA3,13,12 “ Section 26. 39.435 (3) of the statutes is amended to read:

SB70-SSA2-SA3,13,24 39.435 (3) Grants under sub. (1) shall not be less than $250 during any one academic year, unless the joint committee on finance approves an adjustment in the amount of the minimum grant. Grants under sub. (1) shall not exceed $3,000 $3,150 during any one academic year, except that beginning in academic year 2009-10 2023-24, grants under sub. (1) shall not exceed $3,150 during any one academic year for students enrolled in a University of Wisconsin System institution or college campus shall not exceed during any one academic year half of the in-state, undergraduate tuition and fees charged at the University of Wisconsin-Madison for an academic year corresponding to the academic year for which the grant is made. The board shall, by rule, establish a reporting system to periodically provide student economic data and shall promulgate other rules the board deems necessary to assure uniform administration of the program.”.

SB70-SSA2-SA3,14,1 41. Page 374, line 11: after that line insert:

SB70-SSA2-SA3,14,2 “ Section 27. 39.437 (3) (a) of the statutes is amended to read:

SB70-SSA2-SA3,14,11 39.437 (3) (a) In this subsection, “expected family contribution" means the amount that a student and the student's family are expected to contribute in an academic year to the cost of the student's postsecondary education, as determined by use of the most recent federal Free Application for Federal Student Aid, as described in 20 USC 1090 (a), except that, upon implementation of the FAFSA Simplification Act, Pub. Law 116-260, section 702, as affected by the FAFSA Simplification Technical Corrections Act, Pub. Law 117-103, section 102, “expected family contribution” shall be determined consistently with requirements for determining the student aid index under 20 USC 472 to 477.”.

SB70-SSA2-SA3,14,12 42. Page 374, line 11: after that line insert:

SB70-SSA2-SA3,14,13 “ Section 28. 20.235 (1) (fd) of the statutes is amended to read:

SB70-SSA2-SA3,14,15 20.235 (1) (fd) Talent incentive grants. Biennially, the amounts in the schedule for talent incentive grants under s. 39.435 (2) 39.436 (1).

SB70-SSA2-SA3,29 Section 29. 20.235 (1) (fe) of the statutes is amended to read:

SB70-SSA2-SA3,14,20 20.235 (1) (fe) Wisconsin grants; University of Wisconsin System students. Biennially, the amounts in the schedule for the Wisconsin grant program under s. 39.435 for University of Wisconsin System students, except for grants awarded under s. 39.435 (2) or (5).

SB70-SSA2-SA3,30 Section 30. 20.235 (1) (ff) of the statutes is amended to read:

SB70-SSA2-SA3,14,24 20.235 (1) (ff) Wisconsin grants; technical college students. Biennially, the amounts in the schedule for the Wisconsin grant program under s. 39.435 for technical college students, except for grants awarded under s. 39.435 (2) or (5).

SB70-SSA2-SA3,31 Section 31. 20.235 (1) (fj) of the statutes is amended to read:

SB70-SSA2-SA3,15,3 20.235 (1) (fj) Impaired student grants. Biennially, the amounts in the schedule for impaired student grants under s. 39.435 (5) 39.436 (2).

SB70-SSA2-SA3,32 Section 32. 20.235 (1) (km) of the statutes is amended to read:

SB70-SSA2-SA3,15,11 20.235 (1) (km) Wisconsin grants; tribal college students. Biennially, the amounts in the schedule for the Wisconsin grant program under s. 39.435 for tribal college students, except for grants awarded under s. 39.435 (2) or (5). All moneys transferred from the appropriation account under s. 20.505 (8) (hm) 10. shall be credited to this appropriation account. Notwithstanding s. 20.001 (3) (b), the unencumbered balance on June 30 of each odd-numbered year shall revert to the appropriation account under s. 20.505 (8) (hm).

SB70-SSA2-SA3,33 Section 33. 36.11 (6) (c) of the statutes is amended to read:

SB70-SSA2-SA3,15,16 36.11 (6) (c) By February 10 of each year, the board shall develop and submit to the higher educational aids board for its review under s. 39.285 (1) a proposed formula for the awarding of grants under s. 39.435, except for grants awarded under s. 39.435 (2) or (5), for the next fiscal year to students enrolled in the system.

SB70-SSA2-SA3,34 Section 34. 38.04 (7m) of the statutes is amended to read:

SB70-SSA2-SA3,15,22 38.04 (7m) Financial aids. By February 10 of each year, the board shall develop and submit to the higher educational aids board for its review under s. 39.285 (1) a proposed formula for the awarding of grants under s. 39.435, except for grants awarded under s. 39.435 (2) or (5), for the next fiscal year to students enrolled in the technical colleges.

SB70-SSA2-SA3,35 Section 35. 39.285 (1) (b) of the statutes is amended to read:

SB70-SSA2-SA3,16,10 39.285 (1) (b) If the board determines during a fiscal year that any formula approved under par. (a) during the prior fiscal year needs to be modified during the fiscal year in order to expend the entire amount appropriated for grants to students under s. 39.30 or 39.435, except s. 39.435 (2) or (5), in that fiscal year, the board shall submit the modified formula to the joint committee on finance. If the cochairpersons of the committee do not notify the board that the committee has scheduled a meeting for the purpose of reviewing the modified formula within 14 working days after the date of the submittal, the modified formula may be implemented as proposed by the board. If, within 14 working days after the date of the submittal, the cochairpersons of the committee notify the board that the committee has scheduled a meeting for the purpose of reviewing the modified formula, the modified formula may be implemented only upon approval of the committee.

SB70-SSA2-SA3,36 Section 36. 39.285 (3) of the statutes is amended to read:

SB70-SSA2-SA3,16,16 39.285 (3) By February 10 of each year, each tribally controlled college in this state is requested to develop and submit to the board for its review under sub. (1) a proposed formula for the awarding of grants under s. 39.435, except for grants awarded under s. 39.435 (2) or (5), for the next fiscal year to students enrolled at that tribally controlled college.

SB70-SSA2-SA3,37 Section 37. 39.31 (intro.) of the statutes is amended to read:

SB70-SSA2-SA3,16,21 39.31 Determination of student costs. (intro.) In determining a student's total cost of attending a postsecondary institution for the purpose of calculating the amount of a grant under s. 39.30, 39.38, 39.435, 39.436, or 39.44, the board shall include the following:

SB70-SSA2-SA3,38 Section 38. 39.435 (2) of the statutes is renumbered 39.436 (1).