Amendment SA3-AB56

AB56-SA3,155,7 1. The secretary of financial institutions.

AB56-SA3,155,8 2. The state treasurer.

AB56-SA3,155,9 3. The executive secretary of the higher educational aids board.

AB56-SA3,155,13 (c) No later than October 1, 2020, the student loan refinancing study committee shall submit to the governor and to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a report that includes all of the following:

AB56-SA3,155,15 1. Recommendations regarding the corporate and legal structure of the refinancing entity, including governance.

AB56-SA3,155,19 2. A profile of the loan portfolio, projected start-up and operational costs, estimated staffing needs, underwriting requirements, and other information pertinent to the creation of a refinancing entity that can offer interest rate savings to this state's student loan debtors.

AB56-SA3,155,22 3. An assessment of the feasibility of and options for offering protections to borrowers refinancing student debt through the refinancing entity that are similar to the protections under federal student loan programs.

AB56-SA3,155,25 (d) The department of financial institutions shall pay the administrative expenses of the student loan refinancing study committee, not exceeding a total of $50,000, from the appropriation account under s. 20.144 (1) (g).

AB56-SA3,156,2 (e) The student loan refinancing study committee terminates upon the submission of the report under par. (c).”.

AB56-SA3,156,3 60. Page 504, line 23: after that line insert:

AB56-SA3,156,6 “(1c) WRS teacher annuitants. This act first applies to participants under the Wisconsin Retirement System who terminate employment on the effective date of this subsection.”.

AB56-SA3,156,7 61. Page 505, line 12: after that line insert:

AB56-SA3,156,10 “(1) Minority teacher loan program; sunset. The treatment of s. 39.40 (5) first applies to loan applications received by the higher educational aids board on the effective date of this subsection.”.

AB56-SA3,156,11 62. Page 506, line 4: after that line insert:

AB56-SA3,156,16 “(1) State aid. The treatment of ss. 20.255 (2) (ac), 121.004 (7) (c) 1. a. and 2., 121.07 (6) (d), and 121.105 (1), (2) (am) 1. and 2. (intro.), and (5), the renumbering and amendment of s. 121.07 (8), and the creation of s. 121.07 (8) (a) and (b) first apply to the distribution of school aid in, and the calculation of revenue limits for, the 2020-21 school year.

AB56-SA3,156,19 (2) High-cost transportation aid. The treatment of s. 121.59 (2) (intro.), (2m) (a) (intro.), 1., and 2. and (b), and (3) first applies to aid paid in the 2019-20 school year.

AB56-SA3,156,21 (3) State aid for summer class transportation. The treatment of s. 121.58 (4) first applies to state aid for transportation paid in the 2019-20 school year.

AB56-SA3,157,2 (4) Parental choice programs; program caps. The treatment of ss. 118.60 (3) (am) and (ar) (intro.) and 5. and 119.23 (3) (ar), the renumbering and amendment of s. 118.60 (3) (ar) 3. and 4., and the creation of s. 118.60 (3) (ar) 3. a. and b. and 4. a. and b. first apply to an application to attend in a private school under s. 118.60 or 119.23 in the 2020-21 school year.

AB56-SA3,157,7 (5) Parental choice programs; transferring applicants between programs. The treatment of ss. 118.60 (4v) (b), (c), and (d) and 119.23 (4v) (b), (c), (d), and (e) first applies to counting pupils for the pupil participation limits under s. 118.60 (2) (be) and the program caps under ss. 118.60 (2) (bh) 2. a. and b. and 119.23 (2) (b) for the 2020-21 school year.

AB56-SA3,157,11 (6) Grants for national teacher certification or master educator licensure. The renumbering and amendment of s. 115.42 (1) and (2) (c) and the creation of s. 115.42 (1c) and (2) (c) 1. b. and 2. first apply to grants awarded in the 2019-20 school year.

AB56-SA3,157,13 (7) Summer school grant program. The treatment of s. 115.447 (2) (intro.) first applies to the 2019-20 school year.

AB56-SA3,157,15 (8) Additional special education aid. The treatment of ss. 20.255 (2) (bd) and 115.881 (2) and (3) first applies to aid paid in the 2019-20 school year.”.

AB56-SA3,157,16 63. Page 507, line 12: after that line insert:

AB56-SA3,157,19 “(1i) Dentist loan assistance program. The treatment of s. 36.60 (2) (a) 2. and (4m) (intro.) first applies to dentists whose applications for the program under s. 36.60 are received on the effective date of this subsection.”.

AB56-SA3,157,20 64. Page 509, line 10: after that line insert:

AB56-SA3,158,2 “(1) Office of school safety transfer. The treatment of ss. 15.253 (3), 20.455 (2) (f) and (im), 20.923 (4) (c) 6., 115.28 (15) (a) and (b), 118.017 (1) (a), 119.04 (1) (by Section 1639 ), 165.28 (intro.), (1), (2), and (3), 165.88 (title), (1) (intro.), (a), (b), (c), and (d), (2), (3), and (4), and 230.08 (2) (wc), and subch. VIII (title) of ch. 115, the renumbering of subch. VII (title) of ch. 115, the creation of subch. VII (title) of ch. 115, and Section 9127 (1 ) of this act take effect on January 1, 2020.”.

AB56-SA3,158,4 65. Page 509, line 22: delete the material beginning with that line and ending with page 510, line 4, and substitute:

AB56-SA3,158,6 “(1) Wisconsin reading corps. The treatment of s. 20.255 (3) (fr) takes effect on July 1, 2019.

AB56-SA3,158,8 (2) Sparsity aid. The treatment of s. 115.436 (2) (intro.), (b), and (c) and (3) (ac), (ag), and (b) takes effect on July 1, 2020.

AB56-SA3,158,10 (3) Personal electronic computing devices; grant program. The repeal of ss. 20.255 (2) (aw) and 115.438 takes effect on July 1, 2020.

AB56-SA3,158,12 (4) School performance improvement grants. The treatment of s. 20.255 (2) (dg) and the repeal of s. 115.387 take effect on July 1, 2020.

AB56-SA3,158,14 (5) Supplemental special education aid. The treatment of ss. 20.255 (2) (be), 115.881 (4), and 115.883 takes effect on July 1, 2020.

AB56-SA3,158,16 (6) Teacher licensure in certain private schools. The treatment of s. 118.19 (1), (1b), (1c) (b) (intro.), and (3) (b) takes effect on July 1, 2022.”.

AB56-SA3,158,17 (End)