(a) “Actual practice total” is the total number of months that a student upon graduation practices
dentistry in a dental health shortage area in this state. For purposes of this paragraph, a fraction of a month is counted as one month.
(b) “Dental health shortage area” has the meaning given in s. 36.60 (1) (ad), except that “dental health shortage area” does not include an area in the county of Brown, Dane, Kenosha, Milwaukee, or Waukesha.
(c) “Repayment liability percentage” means the percentage that results from dividing the difference between a student's required practice total and the student's actual practice total by the student's required practice total.
(d) “Required practice total” means the total number of months a student upon graduation is required under sub. (3) to practice dentistry in a
dental health shortage area in this state.
(e) “School” means the Marquette University School of Dentistry.
(2) Scholarships. In consultation with the department of health services, the board shall establish a program for awarding
to no more than 5 first-year students an annual scholarship, including a stipend, equal to $40,000 for each year of a student's enrollment but not exceeding 4 years. The board shall pay the scholarships from the appropriation account under s. 20.235 (1) (dg).
(3) Eligibility; agreements. (a) A student is not eligible for a scholarship under the program established under sub. (2) unless he or she is a resident of the state and enters into an agreement with board in which he or she agrees upon graduation to practice dentistry in a
dental health shortage area in this state for a period equal to 18 months multiplied by the number of annual scholarships the board awards to the student under the program.
(b) An agreement under par. (a) shall specify that if a student fails to practice dentistry in a
dental health shortage area in this state for the period required under par. (a), he or she is liable to the state for an amount equal to the total dollar amount of annual scholarships awarded to the student multiplied by the student's repayment liability percentage.
(4) Geographic diversity.
In cooperation with the school, the board shall make every effort to ensure that students who are awarded scholarships under the program established under sub. (2) practice
dentistry upon graduation in geographically diverse dental health shortage areas in this state.
(5) Administrative grants. The board shall make grants from the appropriation account under s. 20.235 (1) (dr) to the school to defray the school's administrative costs related to the program established under sub. (2).
9,393
Section
393. 40.01 (2) of the statutes is amended to read:
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.
9,406
Section
406. 40.04 (2) (a) of the statutes is amended to read:
40.04 (2) (a) An administrative account shall be maintained within the fund from which administrative costs of the department shall be paid, except charges for services performed by the investment board, costs of medical and vocational evaluations used in determinations of eligibility for benefits under ss. 40.61, 40.63 and 40.65 and costs of contracting for insurance data collection and analysis services under s. 40.03 (6) (j).
9,407
Section
407. 40.04 (2) (e) of the statutes is repealed.
9,427
Section
427. 45.03 (15) of the statutes is amended to read:
45.03 (15) Deferral of payments and interest on loans. When a veteran or a member of the veteran's family makes application for deferment of payment of monthly installments and waiver of interest charges on veterans loans made under this chapter, showing that the ability of the veteran to make payment is materially and adversely affected by reason of military service, the department may, with the approval of the board, defer payment of monthly installments and waive interest charges on veterans loans made under this chapter for the duration of any period of service in the armed forces of the United States during a national emergency or in time of war or under P.L. 87-117 and 6 months from date of discharge or separation and the time for payment may be extended for the same period. However, when funds estimated to be received in the veterans mortgage loan repayment fund to pay debt service on public debt contracted under s. 20.866 (2) (zn) and (zo) are less than the funds estimated to be required for the payment of the debt service, the board may grant deferral of payments and interest on loans provided under s. 45.37 only when so required by federal law.
9,428
Section
428. 45.03 (16) (c) 2. (intro.) of the statutes is amended to read:
45.03 (16) (c) 2. (intro.) The department shall declare immediately due and payable any loan made after July 29, 1979, under a program administered by the department under s. 45.40 or subch. III, if it finds that the loan was granted to an ineligible person due to any of the following circumstances:
9,429
Section
429. 45.03 (16) (c) 3. (intro.) of the statutes is amended to read:
45.03 (16) (c) 3. (intro.) Loan application forms processed by the department for programs administered under s. 45.40 or subch. III shall do all of the following:
9,430
Section
430. 45.03 (16) (c) 4. of the statutes is amended to read:
45.03 (16) (c) 4. The department shall incorporate the payment acceleration requirements of subd. 2. in all loan documents for programs administered by the department under s. 45.40 or subch. III.
9,431
Section
431. Subchapter III of chapter 45 [precedes 45.30] of the statutes is repealed.
9,432
Section
432. 45.42 (4) of the statutes is amended to read:
45.42 (4) The department may execute necessary instruments, collect interest and principal, compromise indebtedness, sue and be sued, post bonds, and write off indebtedness that it considers uncollectible. If a loan under this section is secured by a real estate mortgage, the department may exercise the rights of owners and mortgagees generally and the rights and powers set forth in s. 45.32, 2017 stats. The department shall pay all interest and principal repaid on the loan into the veterans trust fund.
9,433
Section
433. 45.42 (8) (a) of the statutes is repealed.
9,434
Section
434. 45.42 (8) (b) of the statutes is renumbered 45.42 (8).
9,435
Section
435. 45.48 of the statutes is created to read: