Wednesday, January 21, 2009
Ninety-Ninth Regular Session
The Chief Clerk makes the following entries under the above date.
__________________
The Chief Clerk records:
Senate Joint Resolution
1
Deposited in the office of the Secretary of State on 1-21-2009.
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Read first time and referred:
Senate Bill 7
Relating to: the filing of certain forms related to tax incremental financing district number ten in the city of Chippewa Falls.
By
Senator
Kreitlow
; cosponsored by Representatives Dexter, Wood and Suder.
To committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue.
Senate Bill 8
Relating to: state procurement of contractual services.
By
Senators
Wirch, Coggs, Hansen, Lassa, Lehman, Miller, Robson and Sullivan; cosponsored by Representatives Pocan, Zigmunt, Barca, Benedict, Berceau, Bernard Schaber, Black, Clark, Danou, Fields, Grigsby, Hraychuck, Hubler, Jorgensen, Krusick, Mason, Molepske, Jr., Nelson, Parisi, Pasch, Pope-Roberts, Radcliffe, Richards, Roys, Seidel, Sheridan, Shilling, Sinicki, Smith, Van Akkeren, A. Williams and Young.
To committee on Small Business, Emergency Preparedness, Technical Colleges, and Consumer Protection.
Senate Bill 9
Relating to: a tort action for intentional misrepresentation in a residential real estate transaction.
By
Senators
Erpenbach, Hansen, Taylor, Lehman, Lassa, Wirch, Sullivan, Olsen, Schultz and Cowles; cosponsored by Representatives Radcliffe, Hebl, Colon, Soletski, Roys, Richards, Berceau, Shilling, Parisi, Hraychuck, Molepske, Jr., A. Ott and Van Roy.
To committee on Judiciary, Corrections, Insurance, Campaign Finance Reform, and Housing.
Senate Bill 10
Relating to: the income and franchise tax credit that supplements the federal historic rehabilitation tax credit.
By
Senators
Lassa, Lehman, Hopper, Risser, Harsdorf, Coggs, Erpenbach, Schultz, Hansen, Kedzie and Plale; cosponsored by Representatives Shilling, Richards, Davis, Roys, Strachota, Molepske, Jr., Ballweg, Roth, Barca, Petrowski, Vruwink, Nygren, Spanbauer, Berceau, Stone, Suder, Gunderson and A. Ott.
To committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue.
Senate Bill 11
Relating to: a requirement that all employers in this state grant a paid leave of absence on Veterans Day to employees who are veterans.
By
Senators
Hansen and Erpenbach; cosponsored by Representatives Turner, Sinicki, Berceau, Grigsby, Hilgenberg and Young.
To committee on Labor, Elections and Urban Affairs.
Senate Bill 12
Relating to: the operation of motorboats, other than personal watercraft, at slow-no-wake speed within a given distance of the shoreline of a lake.
By
Senators
Jauch, Holperin, Lehman, Miller and Risser; cosponsored by Representatives Sherman, Berceau, Black, Clark, Hilgenberg, Knodl, Milroy, Molepske, Jr., Pasch, Richards, Roys and Turner.
To committee on Environment.
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State of Wisconsin
Office of the Senate President
January
21
, 2009
The Honorable, the Senate:
Pursuant to Senate Rule
46 (2)(c), I am writing to inform you that I have directed the following proposal(s) to be withdrawn from committee and rereferred. I have obtained the consent of the appropriate standing committee chairperson and the chairperson of the committee on Senate Organization.
Senate Bill
6
, relating to
designating a portion of the Brunsweiler River as a wild river,
withdrawn from committee on Transportation, Tourism, Forestry, and Natural Resources and rereferred to committee on Environment
.
Sincerely,
FRED A. RISSER
Senate President
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S27
Pursuant to Senate Rule 17 (5), Senator Taylor added as a coauthor of
Senate Bill
3
.
Pursuant to Senate Rule 17 (5), Senator Taylor added as a coauthor of
Senate Bill
4
.
Pursuant to Senate Rule 17 (5), Senator Taylor added as a coauthor of
Senate Bill
6
.
__________________
State of Wisconsin
Investment Board
January 7, 2008
The Honorable, The Legislature:
Pursuant to s.
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 last six months of 2008. These guidelines apply to SWIB's internally managed portfolios. I am sending you electronic copies of the revised guidelines plus a red-lined copy that show the language added or deleted.
Many of these changes were made as a result of the prudent investor language that was enacted in
2007 Wisconsin Act 212. These changes:
•Replace references to the limitations on external management with a discussion of how SWIB will determine the optimal structure for externally managed assets. The statutes previously restricted external management in separate accounts to 20% of the assets, which limited the Board's ability to manage the funds in the most prudent way.
•Remove limitations on derivatives, which had previously been imposed by reference to the insurance statutes, and allow expanded authority for the Global Fixed Income Portfolio. This expanded authority allows the portfolio manager to use derivatives, within established limits, to manage credit and currency risk as well as the opportunity to short certain currencies. The guidelines also make it clear that all investments, including derivatives, are subject to risk measurement and monitoring. The Investment Committee must review all derivative strategies before they are implemented.
