Wednesday, July 3, 1996
The Chief Clerk makes the following entries under the above date:
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Relating to Physicians assistants.
Submitted by Department of Regulation and Licensing.
Report received from Agency, June 24, 1996.
To committee on Health.
Referred on July 2, 1996.
Relating to education for school age parents.
Submitted by Department of Public Instruction.
Report received from Agency, June 24, 1996.
To committee on Education.
Referred on July 2, 1996.
Relating to teacher licenses.
Submitted by Department of Public Instruction.
Report received from Agency, June 24, 1996.
To committee on Education.
Referred on July 2, 1996.
Relating to AODA programs.
Submitted by Department of Public Instruction.
Report received from Agency, June 24, 1996.
To committee on Education.
Referred on July 2, 1996.
Relating to sales finance companies.
Submitted by Office of Commissioner of Banking.
Report received from Agency, June 24, 1996.
To committee on Financial Institutions.
Referred on July 2, 1996.
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Executive Communications
State of Wisconsin
Office of the Governor
Madison
To the Honorable Members of the Assembly:
The following bill(s), originating in the Assembly, have been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number Date Approved
13451June 26, 1996
924 452
June 26, 1996
545 453
June 26, 1996
424 455
June 26, 1996
908 456
June 27, 1996
1080457June 27, 1996
630 460
June 27, 1996
992 (partial veto)462June 27, 1996
1044 (partial veto)463June 27, 1996
739 (partial veto)464June 27, 1996
733 468
June 27, 1996
608 469
June 27, 1996
Respectfully submitted,
Tommy G. Thompson
Governor
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Governor's Veto Message
June 27, 1996
To the Honorable Members of the Assembly:
I have approved
Assembly Bill 992 as
1995 Wisconsin Act 462 and deposited it in the Office of the Secretary of State. I have exercised my partial veto authority in several areas.
This bill ratifies the interstate insurance receivership compact which is a non-profit organization which will monitor and oversee settlements of insurance companies that have gone into receivership. The bill outlines the powers, duties and responsibilities of the commission and the compacting states and specifies that the commission will be supported by fees charged to member states and to insurers of that state on a 25%/75% split.
A1182
Several sections of the bill pertain to the state's share of financial support for the commission. Sections 3 and 4 appropriate $25,000 GPR annually as the state's share of the commission's cost. However, it is highly likely that costs will actually be much higher initially and will probably increase as more states join the compact. For example, the initial operating budget proposed by the commission is approaching $800,000 for the participation of only four states. Given that the Office of the Commissioner of Insurance (OCI) currently participates in receivership actions to protect Wisconsin claimants, it is not clear that the state's financial contribution to the commission will result in appreciably larger settlements for claimants in this state. As a result, I have vetoed the GPR funding appropriated in this bill.
This potential higher cost was also recognized when a mechanism was established under the second section 5 of the bill whereby OCI, without a finding of emergency, is required to submit a request under s.13.10 to the Joint Committee on Finance and the Committee is required to fund any excess cost of the commission from its supplemental GPR appropriation. OCI is precluded from proposing the use of any other agency funds and may not charge the excess to insurers. This mechanism essentially turns an annual GPR appropriation into a sum-sufficient one. Further, it establishes an undesirable precedent of allowing agencies to request, and, in this case, be preapproved for additional funds. This is not an appropriate use of the emergency request process established under s.13.10 and I have vetoed this section.
