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.”.
AB56-ASA1-AA4,11,1919 (End)