84th Legislative Session _ 2009

Committee: Senate Commerce
Tuesday, March 03, 2009

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Adelstein
P    Gant
P    Merchant
P    Nelson, Vice-Chair
P    Nesselhuf
E    Turbak Berry
P    Olson (Russell), Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair, Senator Russell Olson.

MOTION:     TO APPROVE THE MINUTES OF TUESDAY, FEBRUARY 24, 2009

Moved by:    Gant
Second by:    Merchant
Action:    Prevailed by voice vote.

         HB 1212: revise certain requirements of written contract documents for public improvements.

        THE CHAIR DEFERRED HB 1212 UNTIL THURSDAY, MARCH 5, 2009

         HB 1060: revise certain provisions regarding the mortgage lender business and to provide for fees and penalties related thereto.

Presented by:    Bret Afdahl, SD Division of Banking (Handout #1)
Proponents:    Jeremiah D. Murphy, Citibank
        Julie Johnson, Absolutely Aberdeen and Prairie Vision    

        Senator Corey Brown
        Curt Everson, SD Bankers Association
Opponents:    Dick Gregerson, American Council of Life Insurance
        Darla Pollman-Rogers, SD National Association of Insurance and Financial Advisors

MOTION:     AMEND HB 1060

1060ja

     On page 10, line 20, of the House engrossed bill, delete " and ".

     On page 10, line 21, delete " ; " and insert "; and ".

     On page 10, delete lines 23 and 24, and insert:

"

             (7) (6)     Any insurance company or any person acting as an intermediary thereto, if participating in mortgage lending activities solely with its own assets and for its own".

     On page 11, remove the overstrikes from line 1.


Moved by:    Gant
Second by:    Nelson
Action:    Prevailed by roll call vote. (4-2-1-0)

Voting Yes:    Gant, Nelson, Nesselhuf, Olson (Russell)

Voting No:    Adelstein, Merchant

Excused:    Turbak Berry

 MOTION:     AMEND THE AMENDMENT

1060jd

On the previously adopted amendment (1060ja), insert " nonresidential " before "mortgage".

Moved by:    Nesselhuf
Second by:    Adelstein
Action:    Prevailed by voice vote.
 MOTION:     DO PASS HB 1060 AS AMENDED

Moved by:    Nesselhuf
Second by:    Merchant
Action:    Prevailed by roll call vote. (6-0-1-0)

Voting Yes:    Adelstein, Gant, Merchant, Nelson, Nesselhuf, Olson (Russell)

Excused:    Turbak Berry

         HB 1268: revise certain provisions concerning the maximum number of alcoholic beverage retail licenses that may be held by any person, corporation, or business.

Presented by:    Senator Ben Nesselhuf
Proponents:    Tim Dougherty, Licensed Beverage Dealers of SD

MOTION:     DO PASS HB 1268

Moved by:    Nesselhuf
Second by:    Gant
Action:    Prevailed by roll call vote. (5-0-2-0)

Voting Yes:    Gant, Merchant, Nelson, Nesselhuf, Olson (Russell)

Excused:    Adelstein, Turbak Berry

MOTION:     PLACE HB 1268 ON CONSENT CALENDAR

Moved by:    Nesselhuf
Second by:    Nelson
Action:    Prevailed by voice vote.

         HB 1265: allow sellers to receive attorney fees in actions involving the disclosure statement required for certain real estate transfers.

Presented by:    Senator Dan Ahlers
Proponents:    Representative Brian Gosch

MOTION:     DO PASS HB 1265

Moved by:    Gant
Second by:    Merchant
Action:    Prevailed by roll call vote. (5-0-2-0)

Voting Yes:    Gant, Merchant, Nelson, Nesselhuf, Olson (Russell)

Excused:    Adelstein, Turbak Berry

MOTION:     PLACE HB 1265 ON CONSENT CALENDAR

Moved by:    Merchant
Second by:    Gant
Action:    Prevailed by voice vote.

         HB 1219: allow a filing entity or qualified foreign entity to file a short form in lieu of an annual report under certain conditions.

        THE CHAIR DEFERRED HB 1219 UNTIL THURSDAY, MARCH 5, 2009

MOTION:     ADJOURN

Moved by:    Gant
Second by:    Nelson
Action:    Prevailed by voice vote.

Lois Henry

____________________________

Committee Secretary
Russell Olson, Chair