The Assembly Committee on State Affairs and Government
Operations voted 13-0 on Wednesday to pass
Assembly Bill 721,
which would allow the state to claim savings bonds that haven't been cashed in
within 5 years. The money collected by the state would go into the Common
School Fund. AB 721 can now be voted on by the full Assembly.
A fiscal note released by the
Department of Revenue said that the fiscal effect of the bill on the Common
School Fund is indeterminate. However, they estimate that they currently have
possession of $500,000 worth of savings bonds that they consider unclaimed
property.
Other legislative action from
Wednesday that may be of interest to WEMTA include:
The Assembly Committee on
Mining and Rural Development voted 9-2 to pass Assembly Bill 799,
which creates a Science, Technology, Engineering and Mathematics (STEM) grant
program for rural schools. AB 799 would provide grants between $3,000 and
$20,000 to schools with less than 1,000 students to establish, maintain, and
expand educational programming related to science, technology, engineering, and
mathematics. The bill’s author estimates that 191 rural school districts
would be eligible to apply for the grants. AB 799 can now be voted on by the
full Assembly.
The Committee on Mining and
Rural Development also voted 8-2 to approve Assembly Bill 793,
which would extend the current teacher loan assistance program to students who
take jobs in rural counties. Under current law, the loan assistance program is
only available to teachers who take jobs in Milwaukee. AB 793 can now be voted
on by the full Assembly.
Meanwhile, the Assembly Committee on Education held a public
hearing on legislation that would create a system to track incidences of school
violence.
The Assembly is expected to finish up their work for the 2015-16 legislative session by February 18 while the Senate is expected to finish up in early March.