Sincerely,
Alice Clausing
State Senator
State of Wisconsin
Office of the Secretary of State
To the Honorable, the Senate:
Sincerely,
Douglas La follette
Secretary of State
State of Wisconsin
Joint Legislative Council
February 15, 2000
The Honorable, The Senate:
I am please to transmit to you the following report to the 1999 Legislature on legislation introduced by the Joint Legislative Council.
RL-15 Legislation on Historic Buildings and the Historic Building Code (1999 Senate Bill 371)
I would appreciate your including this letter in the Journal for the information of the membership. Additional copies of this report are available at the Legislative Council Staff Offices, One East Main, Suite 401, or from our web page at
www.legis.state.wi.us/lc/jlc99recs.htm.
Sincerely,
Laura D. Rose
Interim Director
State of Wisconsin
Investment Board
February 11, 2000
The Honorable, The Legislature:
Attached is the Investment Board's annual report to the Legislature regarding goals, long-term strategies and performance, as provided under ss.
25.17(14g) and
(14m). This year we have combined two separate reports to make it easier to understand the relationship between our strategies and performance.
The 1999 gain for the Fixed (balanced) retirement Fund was 15.7% compared to 14.2% for the benchmark used to measure investment performance. The Fund is also ahead of its five-year and ten-year benchmarks. At year-end, accumulated gains in the transaction amortization account (TAA) reached $17.4 billion, a record in terms 0f dollar amount and as a percentage of Fixed Fund assets.
The Variable Retirement Fund had its best return since 1985, gaining 27.8% compared to 23.3% for its benchmark. the Variable Fund is also ahead of its five-year benchmark.
The 4.9% return for State Investment Fund surpassed a 4.8% for its benchmark and placed the fund fifth out of 214 government funds in the IBC/Donoghue Government Index.
As part of an extensive annual review of our strategy, we gave particular attention to the Legislative Audit Bureau's October 1999 management review of SWIB. We also considered the potential effects of
1999 Wisconsin Act 11, which could make significant changes to pension benefits and financing, depending upon future action by the courts. Our review indicated that the trust funds are generally well positioned. however, we are implementing several strategy improvements that are discussed in the report.
Please contact me if you have any questions about this report or other matters.
Sincerely,
Patricia Lipton
Executive Director
Ethics Board
February 15, 2000
The Honorable, The Senate:
The following lobbyists have been authorized to act on behalf of the organizations set opposite their names.
For more detailed information about these lobbyists and organizations and a complete list of organizations and people authorized to lobby the 1999 session of the legislature, visit the Ethics Board's web site at
http://ethics.state.wi.us
Bergersen, Gunnar Railway Progress Institute
Boyce, Catherine Milwaukee Area Technical College
Bradfield, Mary Anne National Rifle Association Institute for Legislative Action
Broydrick, William Milwaukee Area Technical College
Czech-Mrochinski, Mary Marquette University
De Santis, Peter Marathon County
Elverman, Timothy J Milwaukee Area Technical College
Essie, Patrick Burlington Northern Santa Fe Railway Company
McClenahan, William American Express Company
McIntosh, Forbes Milwaukee Area Technical College
Osborne, Patrick BP Amoco (formerly Amoco)
Strohl, Joseph Blue Cross/Blue Shield United of Wisconsin
Also available from the Wisconsin Ethics Board are reports identifying the amount and value of time state agencies have spent to affect legislative action and reports of expenditures for lobbying activities filed by the organizations that employ lobbyists.
Sincerely,
Roth Judd
Director
__________________
Relating to reporting of blood lead test results.
Submitted by Department of Health and Family Services.
Report received from Agency, February 10, 2000.
Referred to committee on Health, Utilities, Veterans and Military Affairs, February 16, 2000.
Relating to credit union examinations.
Submitted by Department of Financial Institutions.
Report received from Agency, February 15, 2000.
Referred to committee on Privacy, Electronic Commerce and Financial Institutions, February 16, 2000.
Relating to the public inspection and copying of records of the office of credit unions.
Submitted by Department of Financial Institutions.
Report received from Agency, February 15, 2000.
Referred to committee on Privacy, Electronic Commerce and Financial Institutions, February 16, 2000.
__________________
The committee on Insurance, Tourism, Transportation and Corrections reports and recommends:
Relating to wood harvesting slasher.
No action taken.
Roger Breske
Chairperson
__________________
By Charles Sanders, chief clerk.
Mr. President:
I am directed to inform you that the Assembly has passed and asks concurrence in:
Assembly Bill 41
Assembly Bill 246
Concurred in:
Senate amendment 1 to Assembly Bill 315
__________________
Assembly Bill
41
Relating to: the filing of personal property reports.
By Representatives Ziegelbauer, Plale, Ainsworth, Albers, Huber, Lassa, Meyer, Musser, Reynolds, Ryba, Staskunas and Stone; cosponsored by Senators Wirch, Plache and Roessler.
