Assembly

Assembly
Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 579

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

October 29, 1997 Referred to committee on Financial Institutions.

December 2, 1997 PUBLIC HEARING HELD

Present: (12) Representatives Ward, Hoven, Lazich, Kedzie, Schafer, Sykora, R. Potter, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Absent: (3) Representatives Green, Foti and Travis.

Appearances for

· Representative David Ward

· Senator Gwendolynne Moore

· Mr. Timothy Elverman, Banc One Corporation

· Mr. Thomas Adamek, Bank One Capital Corporation - Louisiana

· Mr. Cornelius Lewis, Gulf Coast BIDCO - Louisiana

· Mr. Dave Dooley, Seasafe Company - Louisiana

· Mr. Scott Zajar, Advantage Capital - Missouri

· Mr. Chet Gerlach, State Farm Insurance

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Ms. Cordelia Mayberry, Church Women United

· Mr. James Tenuta, WI Assn. of Life and Health Insurers

· Mr. David Klauser, Firstar Corporation

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

· Mr. Kurt Bauer, Wisconsin Bankers Association

Registrations against

· None.

December 17, 1997 EXECUTIVE SESSION

Present: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Absent: (1) Representative Schafer.

Moved by Representative R. Potter, seconded by Representative Hoven, that Assembly Amendment 1

be recommended for introduction and adoption.

Ayes: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (1) Representative Schafer.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 14, Noes 0, Absent 1

Moved by Representative R. Potter, seconded by Representative Hoven, that Assembly Amendment 2

be recommended for introduction and adoption.

Ayes: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (1) Representative Schafer.

INTRODUCTION AND ADOPTION RECOMMENDED, Ayes 14, Noes 0, Absent 1

Moved by Representative R. Potter, seconded by Representative Green, that Assembly Bill 579

be recommended for passage as amended.

Ayes: (14) Representatives Ward, Hoven, Green, Lazich, Foti, Kedzie, Sykora, R. Potter, Travis, La Fave, Meyer, Morris-Tatum, Murat and Plale.

Noes: (0) None.

Absent: (1) Representative Schafer.

PASSAGE AS AMENDED RECOMMENDED, Ayes 14, Noes 0, Absent 1

Aaron Moede

Committee Clerk