Wednesday, October 18, 2006
Ninety-Seventh Regular Session
STATE OF WISCONSIN
Senate Journal
The Chief Clerk makes the following entries under the above date.
__________________
Chief Clerk's entries
The Chief Clerk makes the following entries dated Thursday , October 12, 2006.
__________________
State of Wisconsin
Senate
October 11, 2006
The Honorable, The Senate:
This letter is to inform you of a temporary replacement on the Senate Committee on Organization. Senator Risser will be replacing Senator Hansen for the public hearing and executive session taking place on Thursday, October 12, 2006.
Please contact me if you have any questions pertaining to this matter.
Sincerely,
DALE W. SCHULTZ
Senate Majority Leader
__________________
The Chief Clerk makes the following entries dated Monday , October 16, 2006.
__________________
The committee on Natural Resources and Transportation reports and recommends:
Relating to licensing of driver schools and instructors.
No action taken.
Neal Kedzie
Chairperson
__________________
The Chief Clerk makes the following entries dated Tuesday , October 17, 2006.
__________________
The committee on Judiciary, Corrections and Privacy reports and recommends:
Relating to the establishment of an annual fee to partially offset the costs of monitoring persons who are required to register as sex offenders and who are in the custody of the Department of Corrections or are on probation, parole, or extended supervision.
No action taken.
David Zien
Chairperson
The committee on Labor and Election Process Reform reports and recommends:
Relating to an unemployment insurance work search.
No action taken.
Relating to unemployment benefit claiming procedures.
No action taken.
Thomas Reynolds
Chairperson
__________________
The Chief Clerk makes the following entries dated Tuesday , October 18, 2006.
__________________
The committee on Agriculture and Insurance reports and recommends:
Relating to defined network plans, preferred provider plans, limited service health organizations and limited scope plans and affecting small businesses.
Modifications requested, Ayes 7, Noes 0.
Ayes: 7 - Kapanke, Kedzie, Brown, Olsen, Erpenbach, Hansen and Miller
Noes: 0 - None.
Dan Kapanke
Chairperson
__________________
Petitions and Communications
State of Wisconsin
Investment Board
October 10, 2006
The Honorable, The Legislature:
Since the enactment of s. 25.17 (14r), Stats., as a part of 1995 Wisconsin Act 274, the Investment Board has provided you with a copy of all changes the Trustees adopt to investment policies and guidelines. The guidelines we have filed have dealt with assets invested by internal investment managers.
S934 When the law was enacted, most assets under the Investment Board's management were invested by our internal staff. However, as funds have grown and markets have changed, the Board has further diversified how assets are managed and invested. This was done to take advantage of market changes and to achieve optimum returns while still controlling the risk. Today, the majority of assets in the Wisconsin Retirement System are invested externally. This includes both active external management, where the investments are held in SWIB's name, and commingled funds (e.g., index funds), where SWIB's assets are combined with other investors' assets and invested in the name of the commingled fund.
The Investment Board's direct investments managed by external managers are governed by a contract between the investment manager and the Investment Board. Each of these contracts includes investment guidelines established by SWIB's internal Investment Committee within investment limits set by applicable laws. These guidelines are tailored for a specific external manager to take advantage of the manager's unique skills.
Loading...
Loading...