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Biosciences and Emerging Technology

TWENTY FIRST MEETING

2007-2008 Regular Session - February 20, 2008

STATE OF MINNESOTA TWENTY FIRST MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FIFTH SESSION

BIOSCIENCES AND EMERGING TECHNOLOGIES COMMITTEE

MINUTES


Representative Tim Mahoney, Chair of the Committee, called the meeting to order at 10:06AM on February 20, 2008 in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

MAHONEY, Tim (Chair)
NORTON, Kim (Vice Chair)
BERNS, John
BUNN, Julie
HAWS, Larry
MASIN, Sandra
PEPPIN, Joyce
THISSEN, Paul
WINKLER, Ryan

Members excused:

BEARD, Michael
RUTH, Connie

A quorum was present.

Representative Haws moved that the minutes from February 19, 2007 be adopted. THE MOTION PREVAILED.

Howard Bicker, Executive Director of the State Board of Investment discussed his work.

HF 3142 (Winkler)

Representative Winkler moved that HF 3142, a bill for an act relating to state government; encouraging the State Board of Investment to make certain of its venture capital investments in Minnesota businesses, be recommended to pass and be re-referred to the Government Operations, Reform, Technology and Elections Committee.

Representative Winkler moved to amend HF 3142 as follows:

Page 1 to 2, delete sections 2 and 3
Page 2, line 21, delete "Sections 1 to 3 are" and insert "Section 1 is"

Page 2, line 22, delete "under section 1" and delete everything after the period

Page 2, delete lines 23 and 24

Renumber the sections in sequence

Amend the title as follows:

Page 1, line 5, delete "subdivisions" and insert "a subdivision"

Discussion followed.
Testifying in support of the bill:

Don Gerhardt, CEO LifeScience Alley

Representative Winkler moved that HF 3142 be recommended to pass, as amended, and be re-referred to the Government Operations, Reform, Technology and Elections Committee. THE MOTION PREVAILED.

The meeting was adjourned at 11:39AM.


______________________________
Rep Tim Mahoney, Chair


______________________________
Autumn Williams-Wussow,
Committee Legislative Assistant
More Info On This Meeting..

State Board of Investment
HF3142 (Winkler) Encouraging the State Board of Investment to make certain of its venture capital investments in Minnesota businesses