Legislature(2003 - 2004)

2003-05-12 Senate Journal

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2003-05-12                     Senate Journal                      Page 1344
HB 184                                                                                            
SENATE CS FOR CS FOR SPONSOR SUBSTITUTE FOR HOUSE                                                   
BILL NO. 184(L&C) "An Act relating to individual deferred                                           
annuities; and providing for an effective date" was read the third time.                            
                                                                                                    
Senator French moved and asked unanimous consent that the bill be                                   
returned to second reading for the purpose of a specific amendment,                                 
that being Amendment No. 1. Without objection, the bill was returned                                
to second reading.                                                                                  

2003-05-12                     Senate Journal                      Page 1345
Senator French offered Amendment No. 1:                                                             
                                                                                                    
Page 2, line 29, following "adjustment.":                                                           
 Insert "An adjustment to the calculation of minimum nonforfeiture                                  
amounts authorized under this subsection may not result in an interest                              
rate of less than one percent."                                                                     
Senator French moved for the adoption of Amendment No. 1. Senator                                   
Taylor objected, then withdrew his objection. There being no further                                
objections, Amendment No. 1 was adopted.                                                            
                                                                                                    
SENATE CS FOR CS FOR SPONSOR SUBSTITUTE FOR HOUSE                                                   
BILL NO. 184(L&C) am S was automatically in third reading.                                          
                                                                                                    
The question being: "Shall SENATE CS FOR CS FOR SPONSOR                                             
SUBSTITUTE FOR HOUSE BILL NO. 184(L&C) am S "An Act                                                 
relating to individual deferred annuities; and providing for an effective                           
date" pass the Senate?" The roll was taken with the following result:                               
                                                                                                    
SCS CSSSHB 184(L&C) am S                                                                            
Third Reading - Final Passage                                                                       
Effective Date                                                                                      
                                                                                                    
YEAS:  20   NAYS:  0   EXCUSED:  0   ABSENT:  0                                                   
                                                                                                    
Yeas:  Bunde, Cowdery, Davis, Dyson, Ellis, Elton, French, Green,                                   
Guess, Hoffman, Lincoln, Ogan, Olson, Seekins, Stevens B, Stevens                                   
G, Taylor, Therriault, Wagoner, Wilken                                                              
                                                                                                    
and so, SENATE CS FOR CS FOR SPONSOR SUBSTITUTE FOR                                                 
HOUSE BILL NO. 184(L&C) am S passed the Senate.                                                     
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the                                      
vote on the passage of the bill be considered the vote on the effective                             
date clause. Without objection, it was so ordered and the bill was                                  
referred to the Secretary for engrossment.