SB 242-FN (2007): establishing the intellectual property business loan development program.
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@misc{bill-2007-sb242, title = {SB 242-FN (2007): establishing the intellectual property business loan development program.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2007/sb242}, note = {Accessed 24 Oct. 2026} }
SB 242-FN (2007)
establishing the intellectual property business loan development program.
- Status: Signed into law
- Term: 2007-2008
- House committee: Commerce
- Senate committee: Energy, Environment and Economic Development
- Subject: Housing
- Chapter law: 317
The Story
It was introduced on February 22, 2007 and referred to the Senate Energy, Environment and Economic Development committee. The committee held a public hearing on March 12, 2007. The committee recommended that the Senate pass it. On March 22, 2007 the Senate voted to pass it on a voice vote, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it. On April 5, 2007 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on April 11, 2007 and was referred to the House Commerce committee. The committee held a public hearing on April 24, 2007. The committee held a work session on May 1, 2007. The committee met in executive session on May 3, 2007 to vote on its recommendation. The committee voted unanimously, 18–0, to recommend that the House pass it, and the report was placed on the consent calendar. On May 16, 2007 the House voted to pass it on a voice vote. On May 16, 2007 the bill was referred to the Finance committee. The committee held work sessions on May 22, 2007, May 23, 2007, May 24, 2007 and May 29, 2007. The committee met in executive session on May 29, 2007 to vote on its recommendation. The committee voted 21–3 to recommend that the House pass it with changes, and the report was placed on the regular calendar. The committee's amendment (1987h) was adopted on a voice vote on June 6, 2007, changing the text of the bill. On June 6, 2007 the House voted to pass it with changes on a voice vote. On June 13, 2007 the Senate adopted “Sen. Fuller Clark Concurs with House Amendment{1987}” on a voice vote. The bill was enrolled on June 27, 2007 — the final check of the text before it goes to the governor. The governor signed it on July 20, 2007, making it Chapter 317 of the session laws.
Sponsors
- Sen. Peter Burling (D - SD5) (prime sponsor)
- Sen. Bob Odell (R - SD8)
Hearings and Sessions
- March 12, 2007, 8:45 AM: hearing, Senate Energy, Environment and Economic Development, LOB 102
- April 24, 2007, 1:00 PM: public hearing, House Commerce, LOB 302
- May 1, 2007, 2:00 PM: subcommittee work session, House Commerce, LOB 302
- May 3, 2007, 2:00 PM: executive session, House Commerce, LOB 302
- May 22, 2007, 1:00 PM: work session, House Finance, LOB 212
- May 23, 2007, 1:00 PM: work session, House Finance, LOB 212
- May 24, 2007, 10:00 AM: work session, House Finance, LOB 212
- May 29, 2007, 9:30 AM: work session, House Finance, LOB 210-211
- May 29, 2007, 10:00 AM: executive session, House Finance, LOB 210-211
Votes
- March 22, 2007, Senate: Ought to Pass — voice vote, passed
- April 5, 2007, Senate: Ought to Pass — voice vote, passed
- May 16, 2007, House: Ought to Pass — voice vote, passed
- June 6, 2007, House: Ought to Pass with Amendment #1987h — voice vote, passed
- June 13, 2007, Senate: Sen. Fuller Clark Concurs with House Amendment{1987} — voice vote, passed
The Docket
- February 22, 2007: Introduced and Referred to Energy, Environment and Economic Development
- March 12, 2007: Hearing; March 12, 2007, Room 102, LOB, 8:45 a.m.; SC11
- March 13, 2007: Committee Report; Ought to Pass [03/22/07]; SC12
- March 22, 2007: Ought to Pass, MA, VV; Refer to Finance [Rule 26]
- March 28, 2007: Committee Report; Ought to Pass [04/05/07]; SC14
- April 5, 2007: Ought to Pass, MA, VV; OT3rdg
- April 5, 2007: Passed By Third Reading Resolution
- April 11, 2007: Introduced and ref to Commerce
- April 24, 2007: Public Hearing: 4/24/2007 1:00 PM LOB 302
- May 1, 2007: Subcommittee Work Session: 5/1/2007 2:00 PM LOB 302
- May 3, 2007: Executive Session: 5/3/07 2:00 PM LOB 302
- May 8, 2007: Committee Report: Ought to Pass for May 16 (vote 18-0; CC)
- May 16, 2007: Ought to Pass: MA VV
- May 16, 2007: Referred to Finance
- May 22, 2007: Division I Work Session: 5/22/2007 1:00 PM LOB 212
- May 23, 2007: Division I Work Session: 5/23/2007 1:00 PM LOB 212
- May 24, 2007: Division I Work Session: 5/24/2007 10:00 AM LOB 212
- May 29, 2007: Division I Work Session: 5/29/07 9:30 AM LOB 210-211
- May 29, 2007: Executive Session: 5/29/07 10:00 AM LOB 210-211
- May 30, 2007: Committee Report: Ought to Pass with Amendment {1987h} for June 6 (vote 21-3; RC)
- May 30, 2007: Proposed Committee Amendment: #1987h
- June 6, 2007: Amendment {1987h} Adopted, VV
- June 6, 2007: Ought to Pass with Amendment #1987h: MA VV
- June 13, 2007: Sen. Fuller Clark Concurs with House Amendment{1987}; MA, VV
- June 27, 2007: Enrolled
- June 27, 2007: Enrolled
- July 20, 2007: Signed by the Governor on 07/13/07; Eff. Date 07/13/07, Chapter 0317