To committee on State Government Operations and Corrections.
Senate Bill 317
Relating to: the expenditure of $2,087 from the general fund for payment of a claim against the state made by Winnebago County.
By
Senator
Ellis
.
To joint committee on Finance.
Senate Bill 318
Relating to: acquisition of in-state banks and in-state bank holding companies, ability of banks to contract with depository institutions for financial products and services, customer bank communications terminals, control of limited service banking institutions, meetings of bank boards of directors and committees, granting rule-making authority and providing penalties.
By
Senator
Darling
; cosponsored by Representative Hoven
.
To committee on Education and Financial Institutions.
Senate Bill 319
Relating to: the physical education high school graduation requirement.
By
Senators
Darling, Petak, Rosenzweig, Panzer and A. Lasee; cosponsored by Representatives Lehman, Ainsworth, Duff, Olsen, Jensen, Goetsch, Wilder, Baldus, Albers, Owens, F. Lasee, Seratti, Ladwig, Skindrud and Ott
.
To committee on Education and Financial Institutions.
State of Wisconsin
Senator Gary R. George
August 22, 1995
The Honorable, The Senate:
I would like to respectfully request that my name be added as a coauthor of Senate Bill 301, relating to specialty license plates with partial funding going to Wisconsin Special Olympics, submitted by Senator Huelsman.
Sincerely,
Gary R. George
State Senator
State of Wisconsin
Ethics Board
August 29, 1995
To the Honorable the Senate:
At the direction of s. 13.685(7), Wisconsin Statutes, I am furnishing you with the names of organizations recently registered with the Ethics Board that employ one or more individuals to affect state legislation or administrative rules, and notifying you of changes in the Ethics Board's records of licensed lobbyists and their employers. For each recently registered organization I have included the organization's description of the general area of legislative or administrative action that it attempts to influence and the name of each licensed lobbyist that the organization has authorized to act on its behalf.
Organizations recently registered:
Below are the names of organizations recently registered with the Ethics Board as employing one or more individuals to affect state legislation or administrative rules.
Crop Protection Assn., American
Subjects: All legislative and administrative actions directly and indirectly affecting the manufacture, distribution and use of crop protection and animal care products and procedures.
Weisensel, Russel
Saukville, Village of
Subjects: Federal ISTEA grant for transportation enhancement.
Hagerup, Chris
Stitt, Don
Organization's authorization of additional lobbyists:
The following organizations previously registered with the Ethics Board as employers of lobbyists have authorized to act on their behalf these additional licensed lobbyists:
Citizens Assn. for Alternative Medicine
Solie, Denise
Milwaukee Brewers Baseball Club
Hackett, Richard
Bablitch, Stephen
Milwaukee Metropolitan Sewerage District
Tries, John
Organization's termination of lobbyists:
The following organization previously registered with the Ethics Board as the employer of a lobbyist has withdrawn, on the date indicated, its authorization for the lobbyist identified to act on the organization's behalf.
Covenant Healthcare System, Inc.
Wilbur, Marjorie 8/23/95
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,
R. Roth Judd
Executive Director
State of Wisconsin
Department of Administration
Department of Natural Resources
August 25, 1995
The Honorable, The Senate:
Attached to this letter is the Clean Water Fund Biennial Finance Plan for the 1995-1997 biennium. Submission to and review of the Biennial Finance Plan by the Joint Committee on Finance, environmental legislative standing committees and the Building Commission is required under s.
144.2415(3), Wis. Stats. The statute allows the Joint Committee on Finance and each standing committee to submit to the Building Commission its recommendations and comments regarding the Biennial Finance Plan.
This plan was prepared jointly by the Department of Natural Resources and the Department of Administration Capitol Finance Office. This final version of the plan reflects
1995 Wis. Act 27. Previous Biennial Finance Plans included a list of grant and loan funds received by municipalities during the last biennium. That list will be part of the Biennial Finance Report which will be distributed on November 1, 1995.
If you have any questions regarding the Biennial Finance Plan, please contact Kathryn A. Curtner at 266-0860 or Frank Hoadley at 266-2305.
Sincerely,
Kathryn A. Curtner
Director, Bureau of Environmental Loans
Department of Natural Resources
Frank R. Hoadley
Capital Finance Director
Department of Administration
Referred to joint committee on Finance.
Referred to committee on Environment and Energy.
State of Wisconsin
Legislative Audit Bureau
August 29, 1995
The Honorable, The Legislature:
We have completed an evaluation of the State of Wisconsin Investment Board's bonus compensation plan and private placement investment activities, as directed by the Joint Legislative Audit Committee. This is in addition to report 95-16, which examined the Board's investment practices.
S313
Administration of the bonus compensation plan has improved since 1991, when the Legislature required changes to ensure that awards were based on merit. Nevertheless, the Investment Board remains concerned that staff turnover and recruiting efforts are affected by its ability to compete with private-sector investment firms for staff. In
Assembly Bill 150, the Governor proposed increasing the amount of funds available for bonuses and the size of bonuses available to individual staff. However, bonuses that have been paid have seldom approached the current limit of 25 percent of an individual's salary, because funds available are limited to 10 percent of annual salaries and because the Board's policy allows some available funds to lapse.
Private placements are loans or other direct investments in businesses. In 1995, the Investment Board's private placement portfolio includes almost $3.6 billion, of which 12 percent is invested in Wisconsin companies. A 1994 review by Price Waterhouse found only one instance in which investment staff did not follow all of the Board's investment guidelines for private placements. However, Price Waterhouse recommended more investment authority be delegated to staff and that investment procedures be made more explicit.
We also reviewed the Board's investments with companies controlled by Mr. Irwin Jacobs of Minneapolis, Minnesota. Although several steps in the transactions involving Mr. Jacobs raise questions, Investments Board staff indicate the process used in approving these investments was similar to that used in other private placement transactions.
We appreciate the courtesy and cooperation extended to us by the State of Wisconsin Investment Board's staff. A response from the Board's Executive Director is Appendix II.
Sincerely,
dale cattanach
State Auditor
__________________
State of Wisconsin
Office of the Governor
