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MINUTES OF THE SENATE BUSINESS & LABOR STANDING COMMITTEE

         THURSDAY, JANUARY 27, 2011
ROOM 215, SENATE BUILDING



Members Present:    Sen. John Valentine, Chair
        Sen. David Hinkins
        Sen. Dan Liljenquist
        Sen. Steve Urquhart
        Sen. Kevin VanTassell
        Sen. Gene Davis
        Sen. Karen Mayne

Member Absent:    Sen. Curt Bramble
    
Staff Present:    Bryant R. Howe, Policy Analystl
        Karen Allred, Committee Secretary
        

Public Speakers Present:     Keith Woodwell, Director, Utah Division of Securities
        Dennis Lloyd, Senior Vice President, Workers' Compensation Fund

A list of visitors and a copy of handouts are filed with the committee minutes.

Chair Valentine called the meeting to order at 4:08 p.m.

1.     S.B. 98 Securities Related Amendments (B. McAdams)

    
MOTION: Sen. Davis moved to delete in body and title S.B. 98 and replace it with
    1st Sub. S.B. 98.

    The motion passed unanimously with Sens. Liljenquist and Urquhart absent for the vote.

    Sen. McAdams assisted by Keith Woodwell, Director, Utah Division of Securities explained     the bill.

     MOTION: Sen. Van Tassell moved to transmit 1st Sub. S.B. 98 with a favorable     recommendation.    

    The motion passed unanimously.

2.     H.B. 27 Workers' Compensation Rate Filings (T. Kiser)

    
Rep. Kiser explained the bill.

    Dennis Lloyd, Senior Vice President, Workers' Compensation Fund further clarified the bill.



     MOTION: Sen. Mayne moved to transmit H.B. 27 with a favorable recommendation.

    The motion passed unanimously.

3.     H.B. 29 Business Entity Mergers (J. Dunnigan)

    
Rep. Dunnigan explained the bill.

     MOTION: Sen. Davis moved to transmit H.B. 29 with a favorable recommendation.

    The motion passed unanimously.    

     MOTION: Sen. VanTassell moved to adjourn.

    The motion passed unanimously.

    Chair Valentine adjourned the meeting at 4:24 p.m.

    


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Sen. John Valentine, Committee Chair