Committee: Senate Commerce and Energy
Tuesday, February 21, 2012
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 16TH.
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)
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
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
Eldon Nygaard, Vice-Chair
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