76th Legislative Session _ 2001

Committee: House State Affairs
Friday, February 02, 2001

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Brown (Richard)
P    Duenwald
P    Duniphan
P    Eccarius
P    Glenski
P    Hanson (Gary)
P    Jaspers
P    Juhnke
P    Michels
P    Olson (Mel)
P    Smidt
P    Napoli, Vice-Chair
P    Peterson (Bill), Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chairman Bill Peterson

MOTION:     TO APPROVE THE MINUTES OF WEDNESDAY, JANUARY 31, 2001.

Moved by:    Duniphan
Second by:    Brown (Richard)
Action:    Prevailed by voice vote.

          HB 1176: repeal the prohibition of certain disclosures by a state agency of information concerning a private entity.

Presented By:    Representative Mel Olson, prime sponsor
Proponents:    Donald Hoogestraat, lobbyist, Dakota Rural Action
        David Bordewyck, lobbyist, SD Newspaper Association


MOTION:     DO PASS HB 1176

Moved by:    Olson (Mel)
Second by:    Hanson (Gary)
Action:    Was not acted on.

MOTION:     SUBSTITUTE MOTION DEFER HB 1176 TO THE 41ST LEGISLATIVE DAY

Moved by:    Napoli
Second by:    Duenwald
Action:    Prevailed by roll call vote.(10-3-0-0)

Voting Yes:    Brown (Richard), Duenwald, Duniphan, Eccarius, Jaspers, Juhnke, Michels, Smidt, Napoli, Peterson (Bill)

Voting No:    Glenski, Hanson (Gary), Olson (Mel)

         HB 1106: revise the classes of investments available for state funds.

Presented By:    Representative Bill Napoli, prime sponsor
Proponents:    Tim Dougherty, lobbyist, SD Credit Union League
        Dan Cumbee, self, Huron
        Pat McElgunn, self, Rapid City
Opponents:    Bob Sutton, Executive Vice President, SD Banking Association (handout 1)
        Dean Krogman, lobbyist, SD Independent Bankers
        Representative Stan Adelstein, self and banker investor Rushmore State Bank

MOTION:     DO PASS HB 1106

Moved by:    Olson (Mel)
Second by:    Napoli
Action:    Was not acted on.

MOTION:     SUBSTITUTE MOTION AMEND HB 1106

1106oa
     On page 2, line 1 of the printed bill, delete " credit unions, " .

     On page 2 , line 1, overstrike " . " and insert " ; ".

     On page 2 , after line 1, insert:

"
             (6)    In addition to the investments authorized by subdivisions (1) to (5) of this section, inclusive, the investment council may also allocate a sum certain of state public funds for investment in the accounts and certificates of South Dakota banks and associations. This sum shall initially be offered exclusively to South Dakota banks and associations, and if not initially fully subscribed, the investment officer shall again immediately reoffer the unsubscribed sum to the banks and associations. Thereafter, any sum remaining and not subscribed by the banks and associations may be offered to other qualified public depositories defined by subdivision 4-6A-1(7). ".

Moved by:    Jaspers
Second by:    Duniphan
Action:    Failed by roll call vote.(5-8-0-0)

Voting Yes:    Duniphan, Eccarius, Jaspers, Juhnke, Peterson (Bill)

Voting No:    Brown (Richard), Duenwald, Glenski, Hanson (Gary), Michels, Olson (Mel), Smidt, Napoli

 ORIGINAL MOTION:     DO PASS HB 1106

Action:    Prevailed by roll call vote.(8-5-0-0)

Voting Yes:    Brown (Richard), Duenwald, Glenski, Hanson (Gary), Michels, Olson (Mel), Smidt, Napoli

Voting No:    Duniphan, Eccarius, Jaspers, Juhnke, Peterson (Bill)

The Chair deferred HB 1180 until Wednesday, February 7, 2001.

The Chair deferred HB 1182 until Monday, February 5, 2001.

The Chair deferred HB 1190 until Monday, February 5, 2001.

The Chair deferred HB 1208 until Wednesday, February 7, 2001.

MOTION:     ADJOURN

Moved by:    Duniphan
Second by:    Hanson (Gary)
Action:    Prevailed by voice vote.



Clara Shelbourn

____________________________

Committee Secretary
Bill Peterson, Chair

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