81^st Legislative Session _ 2006

Committee: Senate Commerce

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
E    Abdallah
P    Kelly
P    Koetzle
E    Schoenbeck
P    Sutton (Dan)
P    Broderick, Vice-Chair
P    McCracken, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Senator McCracken, Chair.

Senator McCracken introduced Committee staff members and reviewed Committee procedures for those in attendance.

DEPARTMENT OF REVENUE AND REGULATION PRESENTATIONS:

Gary Viken, Secretary of the Department of Revenue and Regulation, introduced staff members: Tim Weber, Deputy Secretary; Roger Novotny, Director, Division of Banking; Merle Scheiber, Director of Insurance; Gail Sheppick, Director of Securities; Erin McIntyre, Attorney; Cathy Brandner, Division of Banking; and Dee Jones Noordermeer, Executive Director of the SD Real Estate Commission.

Roger Novotny distributed a pamphlet entitled "South Dakota Department of Revenue and Regulation, Division of Banking, 2006 State Legislative Overview" (Handout A). He presented an overview of things regulated by the Division of Banking.

Mr. Novotny also referred to a "Payday Lending Report, Statistics & Trends 2004" (Handout B). Chairman McCracken requested that copies of the report be provided for the committee.
Following the presentation, Mr. Novotny answered questions of committee members.

---

Also providing information and/or answering questions of Committee members were: Merle Scheiber, Gail Sheppick, Dee Jones Noordermeer, and Randy Moses, Division of Insurance.

MOTION:     ADJOURN

Moved by:    Broderick
Second by:    Kelly
Action:    Prevailed by voice vote.

Grace Curtis

Committee Secretary

---

../01121000.SCO