87^th Legislative Session _ 2012

Committee: Senate Commerce and Energy

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Adelstein
P    Buhl
E    Johnston
P    Lederman
P    Rave
P    Nygaard, Vice-Chair
P    Nelson (Tom), Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Vice-Chair, Senator Eldon Nygaard.

MOTION:    TO APPROVE THE MINUTES OF THURSDAY, FEBRUARY 16^TH.

Moved by:    Rave
Second by:    Buhl
Action:    Prevailed by voice vote.

        HB 1097: revise certain provisions regulating the investment of unneeded state operating expenses in banks.

Presented by:    Representative David Novstrup
Proponents:    Curt Everson, SD Bankers Association
        Dean Krogman, Independent Community Bankers of SD

MOTION:    DO PASS HB 1097

Moved by:    Rave
Second by:    Buhl
Action:    Prevailed by roll call vote. (4-0-3-0)

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Voting Yes:    Buhl, Rave, Nygaard, Nelson (Tom)

Excused:    Adelstein, Johnston, Lederman

MOTION:    PLACE HB 1097 ON CONSENT CALENDAR

Moved by:    Rave
Second by:    Nelson (Tom)
Action:    Prevailed by voice vote.

        HB 1125: clarify the definition of engaging in business in certain circumstances.

Presented by:    Senator Elizabeth Kraus
Proponents:    Representative Roger Hunt
        Cameron Gage, Lifelight, Sioux Falls (Handouts: # 1)
        Representative Manny Steele

MOTION:    DO PASS HB 1125

Moved by:    Nelson (Tom)
Second by:    Adelstein
Action:    Prevailed by roll call vote. (5-0-2-0)

Voting Yes:    Adelstein, Buhl, Rave, Nygaard, Nelson (Tom)

Excused:    Johnston, Lederman

MOTION:    PLACE HB 1125 ON CONSENT CALENDAR

Moved by:    Nelson (Tom)
Second by:    Adelstein
Action:    Prevailed by voice vote.

        HB 1229: exempt certain persons from the requirement to license as a mortgage loan originator.

Presented by:    Representative David Lust

MOTION:    DO PASS HB 1229

Moved by:    Adelstein

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Second by:    Rave
Action:    Prevailed by roll call vote. (5-0-2-0)

Voting Yes:    Adelstein, Buhl, Rave, Nygaard, Nelson (Tom)

Excused:    Johnston, Lederman

MOTION:    PLACE HB 1229 ON CONSENT CALENDAR

Moved by:    Rave
Second by:    Buhl
Action:    Prevailed by voice vote.

MOTION:    ADJOURN

Moved by:    Rave
Second by:    Buhl
Action:    Prevailed by voice vote.

Lois Henry

Committee Secretary

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