•
The new guidelines clarify allowable investments. Although this has no material impact on the manner in which the Fund operates, the new guidelines specify that the Fund may participate in the U.S. Treasuries and government agencies market as well as the corporate market without a restriction on the amount of the fund which may be invested in this sector. (Corporate purchases are limited, however, to 3% of the fund's market value per issuer.) The policy also states that the LGPI may hold up to 3% of its market value in "AAA" rated mortgage-backed or asset-backed securities.
•
The maturity limit of LGPI investments was specified to be 10 years. This reflects the liquidity need of the Fund.
Please contact me if you have any questions.
Sincerely,
Patricia Lipton
Executive Director
__________________
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Franklin, LaMarr,
of Glendale, as a member of the Real Estate Appraisers Board, to serve for the term ending May 1, 2001.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Economic Development, Housing and Government Operations.
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Simic
, William J., Jr.,
of Woodruff, as a member of the Hearing and Speech Examining Board, to serve for the term ending July 1, 2001.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Kupperman, Gerard L.,
of Oconomowoc, as a member of the Hearing and Speech Examining Board, to serve for the term ending July 1, 2001.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Thelen
, Michael K.,
of Neenah, as a member of the Hearing and Speech Examining Board, to serve for the term ending July 1, 2001.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Flaherty, Barbara M.,
of DeForest, as a member of the Barbering and Cosmetology Examining Board, to serve for the interim term ending July 1, 1999.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
State of Wisconsin
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Lauer
, Leon G.,
of Green Bay, as a member of the Barbering and Cosmetology Examining Board, to serve for the term ending July 1, 2000.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
Office of the Governor
June 20, 1997
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Martin
, Marvile L.,
of Milwaukee, as a member of the Barbering and Cosmetology Examining Board, to serve for the term ending July 1, 2000.
Sincerely,
TOMMY G. THOMPSON
Governor
Read and referred to committee on Health, Human Services, Aging, Corrections, Veterans and Military Affairs.
__________________
__________________
The joint committee for review of Administrative Rules reports and recommends:
Relating to the minimum wage.
No action taken.
Richard Grobschmidt
Senate Chairperson
__________________
Senator Risser, with unanimous consent, asked that the Senate adjourn until Tuesday, June 24 at 10:00 A.M..
Adjourned.
2:30 P.M.
