77th Legislative Session _ 2002

Committee: Senate Commerce
Thursday, January 17, 2002

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
    Bogue
P    McCracken
P    Sutton (Dan)
P    Volesky
P    Whiting
P    Brown (Arnold), 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 15

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

          SB 51: increase certain license and renewal fees assessed to chiropractors.

The Chair deferred SB 51 until Thursday, January 24.

         SB 29: revise certain fees for special inspections and examination of certain weighing and measuring devices and certain standards and testing equipment.

Presented By:    Joe Hjermstad,Department of Commerce & Regulation

The Chair deferred SB 29 until Tuesday, January 22.

         SB 30: limit the ability of the director of the division of securities to review securities registration based on merit review.

Presented By:    Gail Sheppick, Securities Division of Commerce

MOTION:     DO PASS SB 30

Moved by:    Brown (Arnold)
Second by:    Whiting
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE SB 30 ON CONSENT CALENDAR

Moved by:    Brown (Arnold)
Second by:    McCracken
Action:    Prevailed by voice vote.

         SB 39: revise the duties of the filing office in dealing with uniform commercial code records.

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

MOTION:     DO PASS SB 39

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

Voting Yes:    McCracken, Volesky, Whiting, Brown (Arnold), Munson

Excused:    Bogue, Sutton (Dan)

MOTION:     PLACE SB 39 ON CONSENT CALENDAR

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

         SB 50: regulate the practice of accountancy.

Presented By:    Darrell Strivens, Sec of Accountancy Board, Aberdeen, SD (Handout A)
Proponents:    Bobbie Bainhill, Board of Accountancy
        Laura Coome, SD CPA Society, Sioux Falls, SD
        Larry Ahrendt, Dept of Revenue
        Harry Christianson, Dept of Revenue

MOTION:     AMEND SB 50

50ja
     On page 11, line 22 of the printed bill, delete " for which the applicant does not have " and insert "specified by the board, by rule promulgated pursuant to chapter 1-26;".

     On page 11 , delete line 23 .

     On page 12 , line 6, delete " not yet passed " and insert "as specified by the board, by rule promulgated pursuant to chapter 1-26".

Moved by:    Brown (Arnold)
Second by:    Whiting
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 50 AS AMENDED

Moved by:    Sutton (Dan)
Second by:    McCracken
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

          SB 55: revise the circumstances under which certain financial instruments are presumed abandoned.

Presented By:    Senator Olson, Prime Sponsor

MOTION:     DO PASS SB 55

Moved by:    Bogue
Second by:    McCracken
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE SB 55 ON CONSENT CALENDAR

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

         SB 37: modify the permissible exclusions for life insurance policies.

Presented By:    Darla Lyon, Division of Insurance

MOTION:     AMEND SB 37

37ja
     On page 2, line 8 of the printed bill, delete " approve after finding that the " and insert " adopt, by rule promulgated pursuant to chapter 1-26, if the ".

Moved by:    Bogue
Second by:    Brown (Arnold)
Action:    Prevailed by voice vote.

 MOTION:     DO PASS SB 37 AS AMENDED

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

Voting Yes:    McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

 MOTION:     ADJOURN

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

Margaret Nickels

____________________________
Committee Secretary
David R. Munson, Chair

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