Referred to committee on Health, Human Services, Insurance, and Job Creation, August 26, 2008
.
Relating to multiple trip overweight permits for vehicles transporting granular roofing materials.
Submitted by Department of Transportation.
Report received from Agency, August 26, 2008.
Referred to committee on Transportation and Tourism, August 26, 2008
.
Relating to electrical construction.
Submitted by Department of Commerce.
Report received from Agency, August 22, 2008.
Referred to committee on Commerce, Utilities and Rail, August 26, 2008
.
Relating to the design, installation or construction, inspection and maintenance of plumbing.
Submitted by Department of Commerce.
Report received from Agency, August 22, 2008.
Referred to committee on Commerce, Utilities and Rail, August 26, 2008
.
Relating to increasing Wisconsin's minimum wages and affecting small businesses.
Submitted by Department of Workforce Development .
Report received from Agency, August 22, 2008.
Referred to committee on Labor, Elections and Urban Affairs, August 26, 2008
.
Relating to the occupational licensing program.
Submitted by Department of Transportation.
Report received from Agency, August 22, 2008.
Referred to committee on Transportation and Tourism, August 26, 2008
.
__________________
The committee on Transportation and Tourism reports and recommends:
Relating to internet and telephone call-in fees.
No action taken.
Jeffrey Plale
Chairperson
__________________
The Chief Clerk makes the following entries dated Wednesday, August 27, 2008.
State of Wisconsin
Office of the Governor
August 27, 2008
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Landes, Samuel,
of Dane, as a member of the Snowmobile Recreation Council, to serve for the term ending July 1, 2011.
Respectfully Submitted,
JIM DOYLE
Governor
Read and referred to committee on Transportation and Tourism.
State of Wisconsin
Office of the Governor
August 27, 2008
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Malecki, Andrew,
of Green Bay, as a member of the Snowmobile Recreation Council, to serve for the term ending July 1, 2011.
Respectfully Submitted,
JIM DOYLE
Governor
Read and referred to committee on Transportation and Tourism.
State of Wisconsin
Office of the Governor
August 27, 2008
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Thornton, Thomas,
of Grand View, as a member of the Snowmobile Recreation Council, to serve for the term ending July 1, 2011.
Respectfully Submitted,
JIM DOYLE
Governor
Read and referred to committee on Transportation and Tourism.
__________________
State of Wisconsin
Investment Board
July 17, 2008
The Honorable, The Legislature:
Pursuant to 25.17 (14r), Stats., I want to advise you of revisions to SWIB's “Investment Policies, Objectives and Guidelines" approved by the Board of Trustees during the first six months of 2008. These guidelines apply to SWIB's internal investment managers. I am sending you electronic copies of the revised guidelines plus a red-lined copy that shows the language added or deleted. In summary, these changes:
1. Narrowed authorized investments in which the State Investment Fund (SIF) may invest. Although it does not hold such investments, SIF was authorized to invest in Canadian government bills and notes, some derivatives and certain asset backed and mortgage backed securities. With the primary objective of the SIF being safety of principal, SWIB staff did not believe these instruments were appropriate in the current market environment. Staff requested, and the Board approved, a narrowing of the guidelines investments considered most appropriate for the SIF.
S881
2. Added guidelines and soft parameters for the newly created US Russell 1000 passive index portfolio, which is managed internally. After receiving increased budget and position authority, SWIB created this portfolio as one of several initiatives to reduce investment costs. Funds are being moved from external managers and will be managed with internal staff. Currently, this portfolio is managing approximately $1 billion, but plans are to move more assets in-house until the portfolio reaches nearly $12 billion.
3. Amended guidelines for the Local Government Property Insurance Fund (LGPIF) to permit investments in individual fixed income securities. Prior to enactment of
2007 Wisconsin Act 170, the law only permitted SWIB to invest LGPIF assets in SIF.
4. Clarified that a US equity portfolio may invest up to 10% of the portfolio's market value in international and emerging market companies that are traded on an exchange located in a developed country. These investments are subject to the Freedom House and Index of Economic Freedom restrictions that apply to all investments in non-US countries.
5. Granted discretion to the Wisconsin private equity portfolio staff to hold or sell a company's stock that becomes publicly traded. The authority applies to shares the portfolio received through a distribution or holds because the company went public.
6. Added the 2008 asset allocation targets and made a few other non-substantive clerical corrections.
The reporting requirements in the statues appear to only apply to internal management and not to contracts we initiate with external managers or changes we make to existing contracts. However, because of the growth of assets managed by external managers over the past few years, we decided in 2006 to inform you of any new contracts with external managers or changes to existing contracts. In keeping with that decision, we want to advise you that we amended the contracts for a global fixed income portfolio and a treasury inflation protection security (TIPS) portfolio to provide the external manager latitude on counterparty ratings and to remove the statutory references to the use of derivatives. SWIB made these changes to further diversify its holdings.
If you have any questions on any of the changes, please contact me at 266-9451 or Sandy Drew at 261-0182.
Sincerely,
Keith bozarth
Executive Director
Referred to committee on Veterans and Military Affairs, Biotechnology and Financial Institutions.
__________________
State of Wisconsin
Department of Health Services
August 13, 2008
The Honorable, The Senate:
The Department of Health Services is pleased to submit to you and the Legislature the Immunization Program Legislative Report for State Fiscal Year 2008. The attached report is required by Wisconsin Statute s.
252.04 (11).
Wisconsin continues to attain high preschool immunization levels and maintains a state of the art immunization registry. HIghlights of the Immunization Program include:
