Tuesday, April 1, 2008
Ninety‐Eighth Regular Session
The Chief Clerk makes the following entries under the above date:
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Chief Clerk Reports
The Chief Clerk records:
Assembly Bill 297
Presented to the Governor on Monday, March 31.
Patrick E. Fuller
Assembly Chief Clerk
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Speaker's Communications
March 28, 2008
Patrick Fuller
Assembly Chief Clerk
17 West Main Street, Suite 401
Madison, WI 53708
Dear Chief Clerk Fuller:
Pursuant to
2007 Wisconsin Act 117, I have appointed Representative Mark Gottlieb to serve on the Midwest Interstate Passenger Rail Commission.
Sincerely,
Mike Huebsch
Assembly Speaker
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Executive Communications
State of Wisconsin
Office of the Governor
Madison
March 28, 2008
To the Honorable Members of the Assembly:
The following bills, originating in the Assembly, have been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number
Date Approved
Assembly Bill 400 200 March 28, 2008
Respectfully submitted,
JIM Doyle
Governor
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Communications
State of Wisconsin
Office of the Secretary of State
Madison
To Whom It May Concern:
Acts, Joint Resolutions and Resolutions deposited in this office have been numbered and published as follows:
Bill Number Act Number
Publication Date
Assembly Bill 501 169 April 8, 2008
Sincerely,
Douglas La Follette
Secretary of State
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Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
March 31, 2008
To the Honorable, the Legislature:
This report is transmitted as required by s.
20.002(11)(f), Wisconsin Statutes, (for distribution to the appropriate standing committees under s.
13.172(3), Wisconsin Statutes) and confirms that the Department of Administration has found it necessary to exercise the “temporary reallocation of balances" authority provided by this section in order to meet payment responsibilities and cover resulting negative cash balances during the month of February 2008.
On February 1, 2008, the Wisconsin Health Education Loan Repayment Fund cash balance closed at a negative $2 thousand. This negative balance continued through February 29, 2008, when the fund's cash balance closed at a negative $2 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
A727
On February 1, 2008, the Injured Patients and Families Compensation Fund cash balance closed at a negative $44.8 million. This negative balance continued through February 29, 2008, when the fund's cash balance closed at a negative $28.7 million. The Injured Patients and Families Compensation Fund cash balance reached its intra‐month low of a negative $46.6 million on February 14, 2008. The negative balance was due to the transfer of $71.5 million to the General Fund per
2007 Wisconsin Act 20, and the pending liquidation of fund securities necessary to offset this shortfall.
On February 1, 2008, the Dry Cleaner Environmental Response Fund cash balance closed at a negative $14 thousand (its intra‐month low). This negative balance continued through February 5, 2008, when the fund's cash balance closed at a positive $33.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
On February 1, 2008, the Conservation Fund cash balance closed at a negative $3.0 million. This negative balance continued through February 29, 2008, when the fund's cash balance closed at a negative $12.1 million (its intra‐month low). The negative balance was due to the difference in the timing of revenues and expenditures.
The Wisconsin Health Education Loan Repayment Fund, Injured Patients and Families Compensation Fund, Dry Cleaner Environmental Response Fund, and Conservation Fund shortfalls were not in excess of the statutory interfund borrowing limitations and did not exceed the balances of the funds available for interfund borrowing.
The distribution of interest earnings to investment pool participants is based on the average daily balance in the pool and each fund's share. Therefore, the monthly calculation by the State Controller's Office will automatically reflect the use of these temporary reallocations of balance authority, and as a result, the funds requiring the use of the authority will effectively bear the interest cost.
Sincerely,
Michael L. Morgan
Secretary
Referred to committee on Ways and Means.
