AB56,385 Section 385 . 38.38 of the statutes is amended to read:

AB56,449,11 38.38 Services for handicapped students with disabilities. Annually the board may award a grant to each district board, from the appropriation under s. 20.292 (1) (f), to assist in funding transitional services for handicapped students with disabilities. Each district board shall contribute matching funds equal to 25 percent of the amount awarded.

AB56,386 Section 386. 39.11 (16) of the statutes is created to read:

AB56,449,16 39.11 (16) When appropriate and related to the programs of the state educational radio and television network, procure or publish instructional material. A reasonable handling charge may be established to cover the costs of providing this material.

AB56,387 Section 387. 39.285 (1) (b) of the statutes is amended to read:

AB56,450,5 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 may implement 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.

AB56,388 Section 388. 39.36 (title) of the statutes is amended to read:

AB56,450,8 39.36 (title) Repayment of stipends for teachers of the handicapped impaired.

AB56,389 Section 389. 39.40 (5) of the statutes is amended to read:

AB56,450,15 39.40 (5) The board may not make loans under sub. (2) after the effective date of this subsection .... [LRB inserts date]. The board shall administer the repayment and forgiveness of loans made under sub. (2) on or before the effective date of this subsection .... [LRB inserts date] and under s. 36.25 (16), 1993 stats. The board shall treat such loans made under s. 36.25 (16), 1993 stats., as if they had been made under sub. (2).

AB56,390 Section 390. 39.435 (2) of the statutes is renumbered 39.435 (2) (a) and amended to read:

AB56,451,3 39.435 (2) (a) The board shall award talent incentive grants to uniquely needy students enrolled at least half-time as first-time freshmen at public and private nonprofit institutions of higher education located in this state and to sophomores, juniors, and seniors who received such grants as freshmen. No grant under this subsection paragraph may exceed $1,800 for any academic year. The board may award a grant under this subsection paragraph to the same student for up to 10 semesters or their equivalent, but may not award such a grant to the same student more than 6 years after the initial grant is awarded to that student. A student need not maintain continuous enrollment at an institution of higher education to remain eligible for a grant under this subsection paragraph. The board shall promulgate rules establishing eligibility criteria for grants under this subsection paragraph.

AB56,391 Section 391. 39.435 (2) (b) of the statutes is created to read:

AB56,451,10 39.435 (2) (b) Before the end of a fiscal biennium, the board may make supplemental talent incentive grants to students to whom the board has awarded talent incentive grants under par. (a) in that fiscal biennium, but only if the board determines that, after the board makes all of the grants under par. (a) in that fiscal biennium, moneys are available in the appropriation account under s. 20.235 (1) (fd) for grants under this paragraph.

AB56,392 Section 392. 39.435 (5) of the statutes is amended to read:

AB56,451,18 39.435 (5) The board shall ensure that grants under this section are made available to students attending private or public institutions in this state who are deaf or hard of hearing or visually handicapped impaired and who demonstrate need. Grants may also be made available to such handicapped students attending private or public institutions in other states under criteria established by the board. In determining the financial need of these students special consideration shall be given to their unique and unusual costs.

AB56,393 Section 393. 40.01 (2) of the statutes is amended to read:

AB56,452,5 40.01 (2) Purpose. The public employee trust fund is a public trust and shall be managed, administered, invested and otherwise dealt with solely for the purpose of ensuring the fulfillment at the lowest possible cost of the benefit commitments to participants, as set forth in this chapter, and shall not be used for any other purpose. Revenues collected for and balances in the accounts of a specific benefit plan shall be used only for the purposes of that benefit plan, including amounts allocated under s. 20.515 (1) (um) or (ut) or 40.04 (2), and shall not be used for the purposes of any other benefit plan. Each member of the employee trust funds board shall be a trustee of the fund and the fund shall be administered by the department of employee trust funds. All statutes relating to the fund shall be construed liberally in furtherance of the purposes set forth in this section.

AB56,394 Section 394 . 40.03 (1) (cm) of the statutes is created to read:

AB56,452,8 40.03 (1) (cm) Shall appoint an internal auditor. The internal auditor shall report directly to the board.

AB56,395 Section 395. 40.03 (1) (i) of the statutes is amended to read:

AB56,452,14 40.03 (1) (i) May determine that some or all of the disability annuities and death benefits provided from the Wisconsin retirement system shall instead be provided through group insurance plans to be established by the group insurance board either as separate plans or as integral parts of the group life and income continuation insurance plans established under this chapter.

AB56,396 Section 396. 40.03 (1) (p) of the statutes is amended to read:

AB56,452,19 40.03 (1) (p) May, upon the recommendation of the actuary, transfer in whole or in part the assets and reserves held in any account described in s. 40.04 (9) to a different account described in s. 40.04 (9), for the purpose of providing any group insurance benefit offered by the group insurance board.

AB56,397 Section 397. 40.03 (1) (q) of the statutes is created to read:

AB56,452,23 40.03 (1) (q) For the purpose of the group income continuation insurance plan established under ss. 40.61 and 40.62 and the group long-term disability insurance plan established under s. 40.64:

AB56,453,3 1. May, on behalf of the state, enter into a contract or contracts with one or more insurers authorized to transact insurance business in this state for the purpose of providing the plans.

AB56,453,5 2. May, wholly or partially in lieu of subd. 1., on behalf of the state, provide the plans on a self-insured basis.

AB56,453,8 3. May take any action as trustees that is considered advisable and not specifically prohibited or delegated to some other governmental agency to carry out the purpose and intent of the plans.