Chairperson
The committee on Insurance, Tourism, and Transportation reports and recommends:
Assembly Bill 147
Relating to: creating a permit authorizing the operation upon a highway of a specialized hauling rig that exceeds statutory size and weight limits.
Concurrence.
Ayes, 4 - Senators
Breske, Grobschmidt, A. Lasee and Schultz.
Noes, 1 - Senator
Baumgart.
OConnell, Connie L.,
of Sun Prairie, as Commissioner of Insurance, to serve for the term ending at the pleasure of the Governor.
Confirmation.
Ayes, 5 - Senators
Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes, 0 - None.
Senate Bill 273
Relating to: creating definitions for common and contract carriers for sales tax and use tax purposes.
Introduction and adoption of Senate substitute amendment 1.
Ayes, 5 - Senators
Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes, 0 - None.
Passage as amended.
Ayes, 5 - Senators
Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes, 0 - None.
Senate Bill 332
Relating to: overpayment of state transit operating aids to the city of Rhinelander.
Passage.
Ayes, 5 - Senators
Breske, Grobschmidt, Baumgart, A. Lasee and Schultz.
Noes, 0 - None.
Roger Breske
Chairperson
The committee on Senate Organization reports and recommends:
Assembly Joint Resolution 42
Relating to: the life and accomplishments of Edwin Lee Mathews, Sr.
Concurrence.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
Assembly Joint Resolution 46
Relating to: urging all Wisconsinites to observe March as "Women's History Month."
Concurrence.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
Assembly Joint Resolution 72
Relating to: the 1,700th anniversary of Armenian Christianity.
Concurrence.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
Assembly Joint Resolution 77
Relating to: the life and public service of Ervin Butch Conradt.
Concurrence.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
S501
Senate Joint Resolution 52
Relating to: the life and public service of Judge Stanley A. Miller.
Adoption.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
Senate Joint Resolution 53
Relating to: the life and public service of Frederick F. Kaftan.
Adoption.
Ayes, 5 - Senators
Chvala, Risser, Moen, Panzer and A. Lasee.
Noes, 0 - None.
Charles Chvala
Chairperson
The committee on Universities, Housing, and Government Operations reports and recommends:
Senate Bill 299
Relating to: increasing the amount appropriated to the state hygiene laboratory.
Passage.
Ayes, 4 - Senators
M. Meyer, Grobschmidt, Hansen and Zien.
Noes, 2 - Senators
Ellis and Huelsman.
Mark Meyer
Chairperson
__________________
State of Wisconsin
January 10, 2002
The Honorable, The Senate:
Please remove my name from co-sponsorship of Senate Bill 339, which requires that milk be made available wherever soft drinks are sold in schools. I have also asked Chief Clerk John Scocos to remove my name from co-sponsorship of the Assembly companion bill, Assembly Bill 678.
Sincerely,
John Lehman
62nd Assembly District
State of Wisconsin
State Treasurer of Wisconsin
December 28, 2001
The Honorable, The Senate:
Attached to this letter is the EdVest College Savings Program Annual Report for the 2000-2001 Fiscal Year. 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 fourth annual report includes summaries of the required actuarial valuation, prepared by Milliman & Robertson, Inc. and a program audit prepared by the PriceWaterhouseCoopers, LLP as well as discussions of the key developments in the program over the past fiscal year.
The most significant event of the year for the program involved the implementation of state legislation designed specifically to give EdVest new authority to take advantage of benefits and flexibility currently allowed under federal law. The legislation provided broader eligibility and coverage for the program, created a new state tax deduction for parents, expanded the number of investment options, eliminated the residency requirement and established protection of eligibility for state financial aid. It directed the state to contract with a private firm to assist with the new program. At the conclusion of a national search, Strong Capital Management of Menomonee Falls, Wisconsin was selected as the EdVest program manager. A second partnership was developed with American Express, which offers a slightly reconfigured "tomorrow's scholar" version of the program through its financial advisors nationwide. After a period of intense planning and development, as well as passage of state legislation to formally provide the trust fund structure necessary for operation [
2001 Wisconsin Act 7] the EdVest program was relaunched in May, 2001.
These program improvements were an immediate success with the public, proving that we are now meeting the college savings needs of families nationwide. By the close of the fiscal year on June 30, there were 5,337 EdVest accounts and assets under management totaled $21.5 million. For your information, the program has continued to grow dramatically and as we are near the end of the calendar year we have over 45,000 accounts and $230 million under management.
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
Greater Milwaukee Committee
January 8, 2001
