Wisconsin Legislature: AB579

AB579

Assembly
Record of Committee Proceedings

Committee on Economic Development
Assembly Bill 579
Relating to: certified capital investment limitations, qualified business requirements, and reviews of certified capital company financial statements.
By Representatives Ward, Lippert, Vrakas, Townsend, Hundertmark, Gronemus, Hahn, Sykora, Walker, Duff, Ladwig, Owens, D. Meyer, Krawczyk, Boyle, Olsen, M. Lehman, Miller, Staskunas, Plale, Gunderson, Ott, Balow, Colon, Starzyk, Seratti, Berceau, La Fave, Jensen, Turner, Young, Krug, Shilling, Wasserman, Williams, Freese, Suder, Kedzie, Kestell, Pettis, Richards, Huebsch, Jeskewitz, Musser and Riley; cosponsored by Senators Moore, Plache, Burke, M. Meyer, Kanavas, Erpenbach, Hansen, Wirch, Darling, George, Shibilski, Breske, Roessler, Welch, Huelsman, Schultz and S. Fitzgerald.

October 17, 2001 Referred to Committee on Economic Development.

October 23, 2001

PUBLIC HEARING HELD

Present: (8) Representatives Townsend, Wieckert, J. Fitzgerald, M. Lehman, Lippert, Lassa, Staskunas and Cullen.

Absent: (0) None.

Appearances for

· Thomas Somodi, UPS of Wisconsin

· Jim Leonhart, WI Biotech

· John Neis, WI Biotech Association

· Rep. David Ward

· Rep. Mary Ann Lipper

· Daryll Lund, Community Bankers of WI

· Chris Bauer, WILSHIRE Investors of WI

· Dan Broderick, Mason Wells

· Jeff Rusinow, Silicon Pastures

Appearances against

· None.

Appearances for Information Only

· Martha Kerner, Dept. of Commerce

· Peter Molloy, SLIL Biomedical

Registrations for

· Carl Gulbrandsen, Wisconsin Alumni Research Foundation

· Tod Linstroth, WI Technology Council

· Mark Zager, Alfalight

· Jane Homa, GALA Design

· Amy Boyer, WI Economic Development Association

· Jodi Bloch, WI Bankers Association

· Larry Kline, Wisconsin Technology Council

· Rep. Dan Vrakas

· Kent Velde, Wisconsin Growth Fund

· Charles Kearns, WILSHIRE

· Michael Korengold, Enhanced Capital Partners

· Seth Cohen, WILSHIRE

· Sen. Bob Welch

· Dr. Deepak Divan, Soft Switching Technologies

Registrations against

· None.

October 25, 2001

EXECUTIVE SESSION

Present: (6) Representatives Townsend, Wieckert, M. Lehman, Lippert, Lassa and Staskunas.

Absent: (2) Representatives J. Fitzgerald and Cullen.

Moved by Representative M. Lehman, seconded by Representative Wieckert, that

Assembly Bill 579

be recommended for passage.

Ayes: (6) Representatives Townsend, Wieckert, M. Lehman, Lippert, Lassa and Staskunas.

Noes: (0) None.

Absent: (2) Representatives J. Fitzgerald and Cullen.

PASSAGE RECOMMENDED, Ayes 6, Noes 0, Absent 2

Minette Bollig
Committee Clerk