Thursday, August 9, 2007
10:40 A.M.
Ninety-Eighth Regular Session
The Senate met.
The Senate was called to order by Chief Clerk Marchant, pursuant to Senate Rule
5 (4)(b).
The Chair, with unanimous consent, asked that the proper entries be made in the journal.
__________________
Read first time and referred:
Senate Bill 249
Relating to: payment of the costs of advanced placement examinations taken by certain pupils.
By
Senators
Lehman, Breske, Darling, Erpenbach, Kreitlow, Hansen, Lassa, Miller, Plale, Risser, Schultz, Taylor and Vinehout; cosponsored by Representatives Pope-Roberts, Ballweg, Berceau, Black, Cullen, Fields, Grigsby, Hilgenberg, Hixson, A. Ott, Pocan, Sheridan, Smith, Soletski, Toles, Townsend, Travis, Turner, Van Akkeren, Vruwink and M. Williams.
To committee on Education.
Senate Bill 250
Relating to: persons registered as sex offenders.
By
Senators
Schultz, Olsen, A. Lasee, Kedzie and Darling; cosponsored by Representatives Pridemore, Gronemus, Musser, A. Ott, LeMahieu, Nerison, Hines and Steinbrink.
To committee on Judiciary and Corrections.
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State of Wisconsin
Senate
August 8, 2007
The Honorable, The Senate:
This letter is to inform you of a temporary replacement on the Committee of Conference on Senate Bill 40 on the part of the Senate. As the appointing authority pursuant to Assembly Joint Resolution 59, I hereby appoint Senator Lena Taylor to replace Senator Bob Jauch.
This appointment will be effective for a portion of the meeting on August 8, 2007, at which time Senator Jauch will resume his appointment to the conference committee.
Thank you for your attention to this matter.
Most sincerely,
Fred A. Risser
Senate President
State of Wisconsin
Senate
August 8, 2007
The Honorable, The Senate:
Pursuant to 2007 Assembly Joint Resolution 59, I am appointing Senator Ted Kanavas to serve on the committee of conference on Senate Bill 40 for the meeting scheduled for Thursday, August 9, 2007.
Sincerely,
Scott Fitzgerald
Senate Republican Leader
State of Wisconsin
Office of the Governor
August 9
, 2007
To the Honorable, the Senate:
The following bill(s), originating in the Senate, have been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number Date Approved
Senate Bill 122 Act 19
August 8
, 2007
Respectfully submitted,
JIM DOYLE
Governor
State of Wisconsin
Department of Administration
August 1, 2007
The Honorable, The Legislature:
In compliance with Wisconsin statute 16.548, please find the Wisconsin Office of Federal/State Relations quarterly report to be submitted to the Legislature for the Second Quarter of 2007. This report provides information on the activities of the office and the status of federal legislation of concern to the State of Wisconsin.
Please contact me if you have any questions about this material.
Sincerely,
Michael Morgan
Secretary
State of Wisconsin
Legislative Audit Bureau
August 1, 2007
The Honorable, The Legislature:
We have completed an evaluation of the State of Wisconsin Investment Board, as directed by s.
25.17(51m), Wis. Stats. As of December 31, 2006, the Investment Board managed a total of $88.4 billion in investments that included assets of the Wisconsin Retirement System, the State Investment Fund, and five smaller insurance and trust funds.
S307
The retirement funds provided mixed returns for periods ending December 31, 2005 and 2006. The Core Fund exceeded all of its benchmarks. The Variable Fund met or exceeded all of its benchmarks in 2005 but lagged its three- and five-year benchmarks at the end of 2006. We include a recommendation for the Investment Board to re-evaluate its policies and procedures for making decisions affecting the Variable Fund's performance.
The Core Fund's performance ranked in the middle in comparison to nine other public pension funds surveyed as of December 2006. A relatively lower allocation to private equity and real estate and underperformance of its domestic equities contributed to this ranking.
