LRBa0650/1
PJK&RAC:lmk&jld:nwn
2007 - 2008 LEGISLATURE
SENATE AMENDMENT 2,
TO 2007 SENATE BILL 226
August 13, 2007 - Offered by Senator Breske.
SB226-SA2,1,11 At the locations indicated, amend the bill as follows:
SB226-SA2,1,2 21. Page 3, line 1: before that line insert:
SB226-SA2,1,3 3" Section 1b. 20.145 (5) of the statutes is repealed.
SB226-SA2, s. 1d 4Section 1d. 25.14 (1) (a) (intro.) of the statutes is amended to read:
SB226-SA2,1,95 25.14 (1) (a) (intro.) There is created a state investment fund under the
6jurisdiction and management of the board to be operated as an investment trust for
7the purpose of managing the securities of all funds that are required by law to be
8invested in the state investment fund and
all of the state's funds consisting of the
9funds
specified in s. 25.17 (1), except all of the following:
SB226-SA2, s. 1e 10Section 1e. 25.17 (63) of the statutes is created to read:
SB226-SA2,1,1311 25.17 (63) If requested by the Health Insurance Risk-Sharing Plan Authority,
12invest funds of the Health Insurance Risk-Sharing Plan Authority in the state
13investment fund.
SB226-SA2, s. 1h
1Section 1h. 40.02 (54) (L) of the statutes is created to read:
SB226-SA2,2,22 40.02 (54) (L) The Health Insurance Risk-Sharing Plan Authority.
SB226-SA2, s. 1m 3Section 1m. 149.11 (2) (a) 1. of the statutes is amended to read:
SB226-SA2,2,54 149.11 (2) (a) 1. Insurer assessments under s. 149.13 , paid to the authority
5under s. 20.145 (5) (g)
.
SB226-SA2, s. 1n 6Section 1n. 149.11 (2) (a) 3. of the statutes is repealed and recreated to read:
SB226-SA2,2,87 149.11 (2) (a) 3. Moneys received from the federal government in high risk pool
8grants.
SB226-SA2, s. 1p 9Section 1p. 149.11 (2) (b) of the statutes is amended to read:
SB226-SA2,2,1310 149.11 (2) (b) The authority controls the assets of the fund and shall select
11regulated financial institutions in this state that receive deposits in which to
12establish and maintain accounts for assets needed on a current basis. If practicable,
13the accounts shall earn interest
.".
SB226-SA2,2,14 142. Page 3, line 1: delete " Section 1" and substitute "Section 1r".
SB226-SA2,2,15 153. Page 3, line 9: after that line insert:
SB226-SA2,2,16 16" Section 2m. 149.13 (3) (a) of the statutes is amended to read:
SB226-SA2,2,2217 149.13 (3) (a) Each insurer's proportion of participation under sub. (2) shall be
18determined annually by the commissioner based on annual statements and other
19reports filed by the insurer with the commissioner. The commissioner shall assess
20an insurer for the insurer's proportion of participation based on the total
21assessments estimated by the authority. An insurer shall pay the amount of the
22assessment directly to the authority.
".
SB226-SA2,2,23 234. Page 4, line 25: after that line insert:
SB226-SA2,2,24 24" Section 9m. 149.143 (1) (intro.) of the statutes is amended to read:
SB226-SA2,3,6
1149.143 (1) Costs excluding subsidies. (intro.) The authority shall pay plan
2costs, excluding any premium, deductible, and copayment subsidies, first from any
3federal funds, if any, that are transferred to the fund under s. 20.145 (5) (m) and
4under s. 149.11 (2) (a) 3. that exceed premium, deductible, and copayment subsidy
5costs in a policy year. The remainder of the plan costs, excluding premium,
6deductible, and copayment subsidy costs, shall be paid as follows:
SB226-SA2, s. 9p 7Section 9p. 149.143 (2) (intro.) of the statutes is amended to read:
SB226-SA2,3,118 149.143 (2) Subsidy costs. (intro.) The authority shall pay for premium,
9deductible, and copayment subsidies in a policy year first from any federal funds, if
10any, that are transferred to the fund under s. 20.145 (5) (m)
under s. 149.11 (2) (a)
113. received
in that year. The remainder of the subsidy costs shall be paid as follows:".
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