Relating to: the acquisition of in-state banks and in-state bank holding companies.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
Senate Bill 375
Relating to: comprehensive planning by local governmental units and fees imposed by political subdivisions.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
Senate Bill 376
Relating to: nonmetallic mining reclamation financial assurances.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
Senate Bill 377
Relating to: contributions by electric and gas utilities to the utility public benefits fund and granting rule-making authority.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
Senate Bill 378
Relating to: strategic energy assessments.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
Senate Bill 379
Relating to: energy conservation and efficiency grants, extending the time limit for emergency rule procedures, providing an exemption from emergency rule procedures, and granting rule-making authority.
By
Senator
Panzer
; cosponsored by Representative Gard
.
To select committee on Job Creation.
__________________
The committee on Homeland Security, Veterans and Military Affairs and Government Reform reports and recommends:
Assembly Bill 131
Relating to: the duration of the effect of emergency rules.
Concurrence.
Ayes, 5 - Senators
Brown, Zien, S. Fitzgerald, Wirch and Breske.
Noes, 0 - None.
Senate Bill 119
Relating to: payment of litigation expenses of emergency medical services personnel, fire fighters, and law enforcement or correctional officers.
Passage.
Ayes, 5 - Senators
Brown, Zien, S. Fitzgerald, Wirch and Breske.
Noes, 0 - None.
Senate Bill 120
Relating to: creating a public health council, reimbursement for quarantine costs, intrastate mutual aid, requiring use of the incident command system in an emergency, exemption from liability during a state of emergency, threats to release or disseminate harmful chemical, biological, or radioactive substances, making appropriations, and providing a penalty.
Introduction and adoption of Senate Amendment 1.
Ayes, 5 - Senators
Brown, Zien, S. Fitzgerald, Wirch and Breske.
Noes, 0 - None.
Passage as amended.
Ayes, 5 - Senators
Brown, Zien, S. Fitzgerald, Wirch and Breske.
Noes, 0 - None.
Ronald Brown
Chairperson
The committee on Labor, Small Business Development and Consumer Affairs reports and recommends:
Assembly Bill 202
Relating to: school board contracts for yearbook photographs.
Concurrence.
Ayes, 5 - Senators
Reynolds, Kedzie, Zien, Decker and Hansen.
Noes, 0 - None.
Thomas Reynolds
Chairperson
__________________
State of Wisconsin
Office of the State Treasurer
December 30, 2003
The Honorable, The Senate:
Attached to this letter is the EDVEST College Savings Program Annual Report for the 2002-2003 Fiscal Year ending June 30, 2003. Legislation for the EDVEST program requires the Office of the State Treasurer to annually report to the Governor and the Legislature on the program. This sixth annual report includes summaries of the required actuarial valuation, prepared by Millman USA and a program audit prepared by PriceWaterhouseCoopers, LLP as well as discussion of the key developments in the program over the past fiscal year.
The program experienced continued significant growth and success in FY03. As of June 30, we were meeting the college savings needs of nearly 156,000 families nationwide with over $865 million in assets under management.
Unfortunately the most significant event of the year for the program was discovered after the close of the fiscal year, when New York Attorney General Elliot Spitzer announced a widespread investigation into trading practices in the mutual fund industry, including Strong Funds. As you know, Strong serves as manager for the EDVEST program. We will report on the developments of this issue in next year's annual report.
The College Savings Program Board, EDVEST staff and I look forward to continued growth with quality service to participants in this exciting program. If you have any questions regarding the EDVEST Annual Report, please contact Marty Olle at 264-7886.
Sincerely,
Jack C. Voight
State Treasurer
State of Wisconsin
Investment Board
December 22, 2003
The Honorable, The Legislature:
S532
Annually under s.
25.17(14g), Stats., the Investment Board submits a report to the Legislature on investment goals and long-term strategies. As we have done the past three years, I am writing to advise you that we plan to submit the report in February. Although this will be after the December 31 due date, for the reasons noted below, it will enable us to provide a more complete and informative report to you.
The Board of Trustees will consider recommendations on investment strategies and asset allocations made by staff and outside experts at the January meeting. We believe it is helpful to reflect the outcome of those discussions in our reports to you. In addition, we will include in the report the effect of the market's resurgence on the trust funds in 2003 and steps we have taken to earn the optimum returns during the volatile markets of the past few years.
The report we submit in February will also include the performance assessment required under s.
25.17(14m). As in past years, combining the two reports will make it easier to understand the relationship between our strategies and our investment results.
Please feel free to contact me if you have any questions or concerns.
Sincerely,
David C. Mills
Executive Director
State of Wisconsin
December 22, 2003
The Honorable, The Senate:
I respectfully request that I be added as a cosponsor to the following bill: Senator Kedzie's Senate Bill 346, relating to allowing an individual income tax deduction for certain amounts contributed to any section 529 college tuition program.
Sincerely,
Karl Van Roy
State Representative
State of Wisconsin
Department of Administration
December 15, 2003
The Honorable, The Legislature:
