Senate

Senate
Record of Committee Proceedings

Committee on Economic Development, Housing and Government Operations

Senate Bill 333

Relating to: creating a certified capital company program for companies that make certain types of investments, providing tax credits to persons who make certain investments in certified capital corporations, granting rule-making authority and making an appropriation.

By Senators Moore, Plache, Darling, Fitzgerald, Breske, Grobschmidt, Wirch, Huelsman, C. Potter, George, Roessler and Rude; cosponsored by Representatives Ward, Hoven, R. Potter, Green, Plale, Kedzie, Lazich, Schafer, Notestein, Gunderson, Ladwig, Goetsch, Plouff, Porter, Lorge, Hasenohrl, Freese, F. Lasee, Brandemuehl and Staskunas.

October 29, 1997 Referred to committee on Economic Development, Housing and Government Operations.

December 2, 1997 PUBLIC HEARING HELD

Present: (5) Senators Moore, Plache, Grobschmidt Fitzgerald and Weeden.

Absent: (0) None.

Appearances for

· Senator Gwendolynne Moore

· Representative David Ward

· Timothy Elverman, Banc One Corporation

· Thomas Adamek, Ban One Capital Corporation Louisiana

· Cornelius Lewis, Gulf Coast BIDCO Louisiana

· Dave Dooley, Seasafe Company - Louisiana

· Scott Zajar, Advantage Capital - Missouri

· Chet Gerlach, State Farm Insurance

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Cordelia Mayberry, Church Women United

· James Tenuta, WI Assn of Life and Health Insurers

· David Klauser, Firstar Corporation

· Phil Thomas, Thomas Law Office, St. Louis, MO

· Kurt Bauer, Wisconsin Bankers Association

Registrations against

· None.

January 15, 1998 EXECUTIVE SESSION (POLLING)

Moved by Senator Moore that Senate Amendment 1 (LRBa1386/1)

be recommended for introduction and adoption.

Ayes: (4) Senator Moore, Plache, Fitzgerald and Weeden.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 4, Noes 0, Absent 0

Moved by Senator Moore that Senate Amendment 2 (LRBs1385/1)

be recommended for introduction and adoption.

Ayes: (4) Senator Moore, Plache, Fitzgerald and Weeden.

Noes: (0) None.

Absent: (0) None.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 4, Noes 0, Absent 0

Moved by Senator Moore that Senate Bill 333

be recommended for passage as amended.

Ayes: (4) Senators Moore, Plache, Fitzgerald and Weeden.

Noes: (0) None.

Absent: (0) None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 4, Noes 0, Absent 0

Shirley Ellis

Committee Clerk