36.53 Tuition gift certificates.
36.53
36.53 Tuition gift certificates.36.53(1)
(1) The board may establish a gift certificate program for the payment of nonresident tuition and academic fees. The program shall include all of the following components:36.53(1)(a)
(a) The individual named in a gift certificate may use the gift certificate to pay all or a portion of his or her nonresident tuition or academic fees, or for a study-abroad program, at any institution or college campus.36.53(1)(b)
(b) A gift certificate is not transferable, except to a parent, child, spouse, or sibling of the named individual in par. (a).36.53(1)(c)
(c) A gift certificate does not expire.36.53(2)
(2)36.53(2)(a)
(a) The board may charge no more than the actual processing cost as a fee for each sale of a gift certificate.36.53(2)(b)
(b) All moneys received by the board from the sales of gift certificates under this section shall be credited to the appropriation account under s. 20.285 (1) (im).36.53 - ANNOT.
History: 2005 a. 77.