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AB56-ASA1-AA4,7,15 1519. Page 289, line 8: after that line insert:
AB56-ASA1-AA4,7,16 16 Section 366m. 36.60 (2) (a) 2. of the statutes is amended to read:
AB56-ASA1-AA4,7,2117 36.60 (2) (a) 2. The board may repay, on behalf of a physician or dentist who
18agrees under sub. (3) to practice in a rural area, up to $100,000 in educational loans
19obtained by the physician or dentist from a public or private lending institution for
20education in an accredited school of medicine or dentistry or for postgraduate
21medical or dental training.
AB56-ASA1-AA4,367m 22Section 367m. 36.60 (4m) (intro.) of the statutes is amended to read:
AB56-ASA1-AA4,8,223 36.60 (4m) Loan repayment; rural physicians and dentists. (intro.) If a
24physician or dentist agrees under sub. (3) to practice in a rural area, principal and

1interest due on the loan, exclusive of any penalties, may be repaid by the board at
2the following rate:
AB56-ASA1-AA4,373m 3Section 373m. 36.615 of the statutes is created to read:
AB56-ASA1-AA4,8,5 436.615 Nurse educators. (1) Subject to sub. (2), the Board of Regents shall
5establish a program for providing all of the following:
AB56-ASA1-AA4,8,76 (a) Fellowships to students who enroll in programs for degrees in doctor of
7nursing practice or doctor of philosophy in nursing.
AB56-ASA1-AA4,8,88 (b) Postdoctoral fellowships to recruit faculty for system nursing programs.
AB56-ASA1-AA4,8,109 (c) Educational loan repayment assistance to recruit and retain faculty for
10system nursing programs.
AB56-ASA1-AA4,8,13 11(2) The program established under sub. (1) shall require individuals who
12receive fellowships under sub. (1) (a) or (b) or assistance under sub. (1) (c) to make
13a commitment to teach for 3 consecutive years in a system nursing program.
AB56-ASA1-AA4,8,15 14(3) Costs associated with the program established under sub. (1) shall be
15funded from the appropriation under s. 20.285 (1) (f).”.
AB56-ASA1-AA4,8,16 1620. Page 290, line 4: after that line insert:
AB56-ASA1-AA4,8,17 17 Section 387m. 39.285 (1) (b) of the statutes is amended to read:
AB56-ASA1-AA4,9,618 39.285 (1) (b) If the board determines during a fiscal year that any formula
19approved under par. (a) during the prior fiscal year needs to be modified during the
20fiscal year in order to expend the entire amount appropriated for grants to students
21under s. 39.30 or 39.435, except s. 39.435 (2) or (5), in that fiscal year, the board shall
22submit
may implement the modified formula to the joint committee on finance. If
23the cochairpersons of the committee do not notify the board that the committee has
24scheduled a meeting for the purpose of reviewing the modified formula within 14

1working days after the date of the submittal, the modified formula may be
2implemented as proposed by the board. If, within 14 working days after the date of
3the submittal, the cochairpersons of the committee notify the board that the
4committee has scheduled a meeting for the purpose of reviewing the modified
5formula, the modified formula may be implemented only upon approval of the
6committee
.”.
AB56-ASA1-AA4,9,7 721. Page 290, line 7: after that line insert:
AB56-ASA1-AA4,9,9 8 Section 391g. 39.435 (2) of the statutes is renumbered 39.435 (2) (a) and
9amended to read:
AB56-ASA1-AA4,9,2010 39.435 (2) (a) The board shall award talent incentive grants to uniquely needy
11students enrolled at least half-time as first-time freshmen at public and private
12nonprofit institutions of higher education located in this state and to sophomores,
13juniors, and seniors who received such grants as freshmen. No grant under this
14subsection paragraph may exceed $1,800 for any academic year. The board may
15award a grant under this subsection paragraph to the same student for up to 10
16semesters or their equivalent, but may not award such a grant to the same student
17more than 6 years after the initial grant is awarded to that student. A student need
18not maintain continuous enrollment at an institution of higher education to remain
19eligible for a grant under this subsection paragraph. The board shall promulgate
20rules establishing eligibility criteria for grants under this subsection paragraph.
AB56-ASA1-AA4,391j 21Section 391j. 39.435 (2) (b) of the statutes is created to read:
AB56-ASA1-AA4,9,2422 39.435 (2) (b) Before the end of a fiscal biennium, the board may make
23supplemental talent incentive grants to students to whom the board has awarded
24talent incentive grants under par. (a) in that fiscal biennium, but only if the board

1determines that, after the board makes all of the grants under par. (a) in that fiscal
2biennium, moneys are available in the appropriation account under s. 20.235 (1) (fd)
3for grants under this paragraph.”.
AB56-ASA1-AA4,10,4 422. Page 498, line 8: after that line insert:
AB56-ASA1-AA4,10,8 5“(2m) Student success and attainment. From the appropriation under s.
620.285 (1) (a), the Board of Regents of the University of Wisconsin System shall
7allocate $20,000,000 in fiscal year 2019-20 and $25,000,000 in fiscal year 2020-21
8to advance student success and attainment.”.
AB56-ASA1-AA4,10,9 923. Page 499, line 21: after that line insert:
AB56-ASA1-AA4,10,10 10(1p) Student loan refinancing study committee.
AB56-ASA1-AA4,10,14 11(a) There is created the student loan refinancing study committee to study the
12creation and administration of a bonding authority for the refinancing of student
13loans in this state in order to ease the burden of student loan debt for this state's
14residents.
AB56-ASA1-AA4,10,16 15(b) The student loan refinancing study committee shall consist of the following
16members:
AB56-ASA1-AA4,10,17 171. The secretary of financial institutions.
AB56-ASA1-AA4,10,18 182. The state treasurer.
AB56-ASA1-AA4,10,19 193. The executive secretary of the higher educational aids board.
AB56-ASA1-AA4,10,23 20(c) No later than October 1, 2020, the student loan refinancing study committee
21shall submit to the governor and to the chief clerk of each house of the legislature,
22for distribution to the appropriate standing committees under s. 13.172 (3), a report
23that includes all of the following:
AB56-ASA1-AA4,11,2
11. Recommendations regarding the corporate and legal structure of the
2refinancing entity, including governance.
AB56-ASA1-AA4,11,6 32. A profile of the loan portfolio, projected start-up and operational costs,
4estimated staffing needs, underwriting requirements, and other information
5pertinent to the creation of a refinancing entity that can offer interest rate savings
6to this state's student loan debtors.
AB56-ASA1-AA4,11,9 73. An assessment of the feasibility of and options for offering protections to
8borrowers refinancing student debt through the refinancing entity that are similar
9to the protections under federal student loan programs.
AB56-ASA1-AA4,11,12 10(d) The department of financial institutions shall pay the administrative
11expenses of the student loan refinancing study committee, not exceeding a total of
12$50,000, from the appropriation account under s. 20.144 (1) (g).
AB56-ASA1-AA4,11,14 13(e) The student loan refinancing study committee terminates upon the
14submission of the report under par. (c).”.
AB56-ASA1-AA4,11,15 1524. Page 507, line 12: after that line insert:
AB56-ASA1-AA4,11,18 16“(1m) Dentist loan assistance program. The treatment of s. 36.60 (2) (a) 2. and
17(4m) (intro.) first applies to dentists whose applications for the program under s.
1836.60 are received on the effective date of this subsection.”.
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