P - Present
Roll Call
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Representative Tim Rounds, Chair.
MOTION:
TO APPROVE THE MINUTES OF FEBRUARY 15, 2008
SB 158: clarify certain provisions regarding the supervision, rehabilitation, and
liquidation of insurers.
SB 17: revise certain provisions regarding the regulation of banks.
Carolyn Jorgensen
E - Excused
A - Absent
P Ahlers
P Boomgarden
P Dreyer
P Engels
P Hunt
P Juhnke
P Noem
P Novstrup (David)
P Nygaard
P Pederson (Gordon)
P Street
P Willadsen, Vice-Chair
P Rounds, Chair
Moved by: Street
Second by: Pederson (Gordon)
Action: Prevailed by voice vote.
SB 85: revise certain provisions regarding the trust business in banks and the trust
company business.
Presented by: Senator Dave Knudson
Proponents: Bret Afdahl, SD Division of Banking
MOTION:
DO PASS SB 85
Moved by: Dreyer
Second by: Willadsen
Action: Prevailed by roll call vote. (11-1-1-0)
Voting Yes: Ahlers, Boomgarden, Dreyer, Juhnke, Noem, Novstrup (David), Nygaard, Pederson
(Gordon), Street, Willadsen, Rounds
Voting No: Hunt
Excused: Engels
SB 52: revise certain provisions regarding the regulation of franchises and business
opportunities.
Presented by: Gail Sheppick, Division of Securities
Proponents: Erin McIntyre, Dept. Of Revenue and Regulation
MOTION:
DO PASS SB 52
Moved by: Dreyer
Second by: Boomgarden
Action: Prevailed by roll call vote. (13-0-0-0)
Voting Yes: Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David),
Nygaard, Pederson (Gordon), Street, Willadsen, Rounds
MOTION:
PLACE SB 52 ON CONSENT CALENDAR
Moved by: Engels
Action: Died for lack of a second.
SB 128: revise certain provisions regarding the modification of credit card
agreements.
Presented by: Curt Everson, SD Bankers Association
MOTION:
DO PASS SB 128
Moved by: Ahlers
Second by: Dreyer
Action: Prevailed by roll call vote. (13-0-0-0)
Voting Yes: Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David),
Nygaard, Pederson (Gordon), Street, Willadsen, Rounds
MOTION:
PLACE SB 128 ON CONSENT CALENDAR
Moved by: Street
Second by: Dreyer
Action: Prevailed by voice vote.
SB 157: revise the surety bond requirements for persons employed by mortgage
brokerages.
Presented by: Representative David Novstrup
Proponents: Craig Marquardt, SD Assn. Of Mortgage Brokers
MOTION:
DO PASS SB 157
Moved by: Nygaard
Second by: Noem
Action: Prevailed by roll call vote. (12-1-0-0)
Voting Yes: Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David), Nygaard,
Pederson (Gordon), Street, Willadsen, Rounds
Voting No: Ahlers
GAVEL PASSED TO VICE CHAIR WILLADSEN
Presented by: Representative David Lust
Proponents: Curt Everson, SD Bankers Association
MOTION:
DO PASS SB 158
Moved by: Ahlers
Second by: Nygaard
Action: Prevailed by roll call vote. (13-0-0-0)
Voting Yes: Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David),
Nygaard, Pederson (Gordon), Street, Willadsen, Rounds
MOTION:
PLACE SB 158 ON CONSENT CALENDAR
Moved by: Dreyer
Second by: Juhnke
Action: Prevailed by voice vote.
GAVEL PASSED TO CHAIR ROUNDS
Presented by: Curt Jensen, SD Banking Commission
Proponents: Richard Westra, SD Division of Banking
Curt Everson, SD Bankers Association
Roger Novotny, Division of Banking
Opponents: Mike Vehle
MOTION:
DO PASS SB 17
Moved by: Juhnke
Second by: Willadsen
Action: Prevailed by roll call vote. (13-0-0-0)
Voting Yes: Ahlers, Boomgarden, Dreyer, Engels, Hunt, Juhnke, Noem, Novstrup (David),
Nygaard, Pederson (Gordon), Street, Willadsen, Rounds
MOTION:
ADJOURN
Moved by: Pederson (Gordon)
Second by: Dreyer
Action: Prevailed by voice vote.
Committee Secretary
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