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ID S1306
Bill
AI Summary
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Amends Idaho Code Section 33-601 to allow school district boards to trade personal property for like-kind personal property without sealed bid or public auction requirements when in the district's best interests.
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Permits boards to abstain from requiring appraisals of personal property being traded if the estimated value is less than $5,000.
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Clarifies that during sealed bid or public auction processes, real property cannot be sold for less than its appraised value, and if no satisfactory bid is received, the board may sell at market price but not below appraisal value.
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Makes technical corrections to references in Section 33-402, Idaho Code regarding publication notice requirements for property sales.
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Effective date: January 1, 2011.
Legislative Description
Amends existing law to provide that if the Board of Trustees finds it is in the school district's best interests to trade personal property to a person or entity for like kind personal property, the board may vote to elect to do so.
EDUCATION
Last Action
Governor signed Session Law Chapter 42 Effective: 01/01/11
3/9/2010