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Page 136 SENATE June 21, 2004 3. That the set of Senate Floor Amendments proposed by Senator Irons and adopted by the Senate on June 4, 2004, be rejected. 4. That the following amendment to the reengrossed bill be adopted: AMENDMENT NO. 1 On page 1, line 13, after "87," delete "93," Representatives: Jeffery Arnold John A. Alario, Jr. Rules Suspended Respectfully submitted, Senators: Lambert Boissiere, Jr. Walter Boasso Senator Heitmeier asked for and obtained a suspension of the rules for the purpose of considering the Conference Committee Report. Motion Senator Heitmeier moved the previous question on the entire subject matter. Without objection, so ordered. Motion Senator Heitmeier moved that the Senate adopt the Conference Committee Report. Senator Bajoie moved as a substitute motion that the Conference Committee Report be rejected. Senator Heitmeier objected. ROLL CALL The roll was called on the substitute motion with the following result: YEAS Bajoie Fields Marionneaux Boissiere Fontenot Mount Cain Holden Romero Cheek Irons Theunissen Duplessis Jackson Ullo Dupre Jones Total—17 NAYS Mr. President Ellington Lentini Adley Gautreaux, B Malone Amedee Gautreaux, N McPherson Barham Hainkel Nevers Boasso Heitmeier Smith Cravins Hollis Dardenne Kostelka Total—19 50th DAY'S PROCEEDINGS ABSENT Chaisson Michot Schedler Total—3 The Chair declared the Senate refused to reject the Conference Committee Report. ROLL CALL The roll was called on the original motion to adopt the Conference Committee Report with the following result: YEAS Mr. President Ellington Marionneaux Adley Gautreaux, B McPherson Amedee Gautreaux, N Michot Barham Hainkel Nevers Boasso Heitmeier Smith Cain Hollis Theunissen Dardenne Lentini Ullo Dupre Malone Total—23 NAYS Bajoie Duplessis Jackson Boissiere Fields Jones Chaisson Fontenot Kostelka Cheek Holden Mount Cravins Irons Romero Total—15 ABSENT Schedler Total—1 The Chair declared the Conference Committee Report was adopted. Senator Heitmeier moved to reconsider the vote by which the report was adopted and laid the motion on the table. CONFERENCE COMMITTEE REPORT House Bill No. 935 By Representative Schneider June 18, 2004 To the Honorable Speaker and Members of the House of Representatives and the Honorable President and Members of the Senate. Ladies and Gentlemen: We, the conferees appointed to confer over the disagreement between the two houses concerning House Bill No. 935 by Representative Schneider, recommend the following concerning the engrossed bill: 1. That the set of Senate Floor Amendments proposed by Senator Boissiere and adopted by the Senate on June 7, 2004, be rejected. 2238
50th DAY'S PROCEEDINGS 2. That the following amendments to the engrossed bill be adopted: AMENDMENT NO. 1 On page 1, line 2, between "To" and "enact" insert "amend and reenact R.S. 11:263(E) and R.S. 47:1907(A)(3) and to" AMENDMENT NO. 2 On page 1, line 2, after "Fund;" and before "to" insert "to provide relative to the prudent-man rule; to authorize participation in eligible deferred compensation programs;" AMENDMENT NO. 3 On page 1, line 9, after "Section 1." and before "R.S." insert "R.S. 11:263(E) is hereby amended and reenacted and" AMENDMENT NO. 4 On page 1, between lines 9 and 10, insert the following: "§263. Prudent-man rule; investments * * * E. (1) Notwithstanding the prudent-man rule, no governing authority of any system or fund governed by this Subpart shall invest more than fifty-five percent of the total portfolio in equities, except as provided in Paragraph (2) of this Subsection or in R.S. 11:267. (2) The governing authority of any system to which R.S. 11:267(A) is inapplicable may invest more than fifty-five percent of the total portfolio in equities, so long as not more than sixty-five percent of the total portfolio is invested in equities and at least ten percent of the total equity portfolio is invested in one or more index funds which seek to replicate the performance of the chosen index or indices. * * *" AMENDMENT NO. 5 On page 1, between lines 15 and 16, insert the following: "Section 2. R.S. 47:1907(A)(3) is hereby amended and reenacted to read as follows: §1907. Salaries A. * * * (3) Nothing in this Section shall be construed to limit an assessor from participation in an approved state deferred compensation plan as specified in R.S. 42:1301 et seq. eligible deferred compensation program established in accordance with Section 457 of Title 26 of the Internal Revenue Code. An assessor shall not authorize or receive an employer contribution that would be more favorable than that offered to the employees of the assessor's office. * * *" Representatives: Pete Schneider Joel Robideaux Jean M. Doerge Rules Suspended Respectfully submitted, Senators: Lambert Boissiere, Jr. Ken Hollis Tom Schedler Senator Boissiere asked for and obtained a suspension of the rules for the purpose of considering the Conference Committee Page 137 SENATE June 21, 2004 Report. On motion of Senator Boissiere, a vote was taken on the adoption of the report. ROLL CALL The roll was called with the following result: YEAS Mr. President Dupre Kostelka Adley Ellington Lentini Amedee Fields Malone Bajoie Fontenot Marionneaux Barham Gautreaux, B McPherson Boasso Gautreaux, N Michot Boissiere Heitmeier Mount Cain Holden Nevers Chaisson Hollis Romero Cheek Irons Smith Dardenne Jackson Theunissen Duplessis Jones Ullo Total—36 NAYS Total—0 ABSENT Cravins Hainkel Schedler Total—3 The Chair declared the Conference Committee Report was adopted. Senator Boissiere moved to reconsider the vote by which the report was adopted and laid the motion on the table. Messages from the House The following Messages from the House were received and read as follows: Message from the House CONCURRING IN SENATE CONCURRENT RESOLUTIONS June 21, 2004 To the Honorable President and Members of the Senate: I am directed to inform your honorable body that the House of Representatives has finally concurred in the following Senate Concurrent Resolutions: SENATE CONCURRENT RESOLUTION NO. 162— BY SENATORS CAIN, DUPLESSIS AND MICHOT A CONCURRENT RESOLUTION To direct the Louisiana Tax Commission to extend the current moratorium and to advise the assessors for the parishes of the state that a moratorium has been instituted prohibiting the revocation of homestead exemptions for persons who have heretofore been granted the extension where such revocations would be based upon Attorney General Opinions, which 2239
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SENATE - Louisiana

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