Terms Used In Wisconsin Statutes 39.393

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
  • Promulgate: when used in connection with a rule, as defined under…. See Wisconsin Statutes 990.01
  • State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
  • Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
   (1)    The board shall establish a loan program to defray the cost of tuition, fees, and expenses for persons enrolled in any of the following:
      (a)    A program in this state that confers an associate degree in nursing.
      (b)    A program in this state that confers a bachelor’s degree in nursing.
      (c)    A program in this state that confers a 2nd degree that will make the person eligible for licensure under s. 441.06 or 441.10.
      (d)    A program in this state that confers a diploma in nursing.
      (e)    A program in this state that confers a master’s degree in nursing.
      (f)    A program in this state that confers a doctoral degree in nursing.
   (2)   Beginning in the 2002-03 fiscal year, the board shall make loans under this section from the appropriation under s. 20.235 (1) (cm). The maximum amount of loan for a person during any fiscal year is $3,000. The maximum that a person may receive under this section is $15,000. The board shall ensure that the terms of the loan do not require a loan recipient to repay the loan while the recipient is enrolled in a program under sub. (1).
   (3)   After the recipient of a loan under sub. (1) has completed the program described in sub. (1), the board shall forgive 25 percent of the loan’s principal and interest after the first full year and 25 percent of the loan’s principal and interest after the 2nd full year that the recipient has been employed full time in this state as a nurse or nurse educator. The board may forgive loans on a prorated basis for persons who are employed less than full time.
   (4)   The board shall promulgate rules to implement and administer this section.