76th Legislative Session _ 2001

Committee: Senate Commerce
Thursday, January 25, 2001

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Bogue
P    McCracken
P    Sutton (Dan)
P    Volesky
E    Whiting
P    Daugaard, Vice-Chair
P    Munson, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair Munson

MOTION:     TO APPROVE THE MINUTES OF JANUARY 23, 2001

Moved by:    McCracken
Second by:    Bogue
Action:    Prevailed by voice vote.

          SB 97: provide for implied covenants of good faith and fair dealing in certain employment contracts.

The Chair deferred SB 97 until Tuesday, January 30.

         SB 103: revise certain provisions regarding the confidentiality of lottery records.

Presented By:    Senator McCracken, Sponsor
Proponents:    Bob Riter, Music and Vending Assn
        Mike Shaw, SD Newspaper Assn

MOTION:     DO PASS SB 103

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

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Whiting

         SB 106: restrict the total amount of change orders to existing public construction contracts.

Presented By:    Senator Daugaard, Sponsor
Proponents:    Larry Zikmund, AGC
        Greg Brewers, AGC
        Jim Scull, AGC
        Glen Barber, AGC
        John White, Office of State Engineer
        David Owen, Chamber of Commerce & Industry
        Senator Vitter
        Jim Keyes, Associated General Contractors

MOTION:     DO PASS SB 106

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

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Whiting

         SB 81: provide for and regulate business trusts.

Presented By:    Tom Adam, SD Bankers Association

MOTION:     DO PASS SB 81

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


Voting Yes:    McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Bogue, Whiting

         SB 40: exempt from registration certain Canadian broker-dealers and the securities offered by them.

Presented By:    Gail Sheppick, Division of Securities

MOTION:     AMEND SB 40

40ja
     On page 1, line 6 of the Senate Commerce Committee engrossed bill, delete " broker " and insert "broker-dealer".

     On page 1 , line 14, delete " broker " and insert "broker-dealer".

Moved by:    Volesky
Second by:    Sutton (Dan)
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 40 AS AMENDED

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

Voting Yes:    McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Bogue, Whiting

          SB 89: provide for the regulation of registered pharmacy technicians.

Presented By:    Senator Sutton, Sponsor
Proponents:    Earl McKinstry, Pharmacist (Handout #1)
        Judy Rennick, Pharmacy Technition
        Cheri Kraemer, Pharmacist

The Chair deferred SB 89 until Tuesday, January 30.

         SB 58: establish certain fees for filing and indexing records pursuant to the Uniform Commercial Code, to establish a fund, and to appropriate the fund.

Presented By:    Tom Leckey, Secretary of State Office
        Tom Adam, SD Bankers Association

MOTION:     AMEND SB 58

58ja
     On page 3 of the printed bill, delete lines 20 to 22 , inclusive, and insert "farmer, or crops growing or to be grown, the secured party may file a standard form to be prescribed by the secretary of state, which may be a combined effective financing statement and a uniform commercial code financing statement.".

Moved by:    McCracken
Second by:    Daugaard
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 58 AS AMENDED

Moved by:    Volesky
Second by:    Sutton (Dan)
Action:    Prevailed by roll call vote.(5-0-2-0)

Voting Yes:    McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Bogue, Whiting

          SB 44: provide reciprocity for the licensing of insurance producers.

Presented By:    Darla Lyon, Div of Insrance
        Sam Meyer, Div of Insurance
        Ron Schmidt, American Insurance Assn
        Larry Ahrendt, Independent Insurance Agents of SD

MOTION:     DO PASS SB 44

Moved by:    Sutton (Dan)
Second by:    Bogue
Action:    Prevailed by roll call vote.(6-0-1-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Whiting

         SB 39: establish standards for disability insurance.

Presented By:    Randy Moses, Div of Insurance
Proponents:    Dick Tieszen, State Farm Insurance

MOTION:     AMEND SB 39

39jb
     On page 2, line 21 of the printed bill, delete " or " .

     On page 2 , between lines 23 and 24, insert:

"

             (d)    Three hundred sixty-five days for disability income policies with a benefit period of at least two years but less than five years; or

             (e)    Seven hundred thirty days for disability income policies with a benefit period greater than five years resulting from sickness or injury;".

Moved by:    Bogue
Second by:    McCracken
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 39 AS AMENDED

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

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Daugaard, Munson

Excused:    Whiting

 MOTION:     ADJOURN

Moved by:    Sutton (Dan)
Second by:    Volesky

Action:    Prevailed by voice vote.

Margaret Nickels

____________________________

Committee Secretary
David R. Munson, Chair

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