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ID H0495
Bill
Status
3/5/2012
Primary Sponsor
Resources and Conservation Committee
Click for details
AI Summary
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Requires the State Board of Land Commissioners to lease or sell all nonagricultural improvements on state endowment lands to private persons, except where the land is used by a public entity for a public purpose.
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Mandates that all nonagricultural business operations on state endowment lands be sold to private persons, natural or artificial.
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Extends the period the State Board of Land Commissioners may hold proceeds from land sales in the land bank fund from five (5) years to five (5) years six (6) months, after which unused proceeds must be deposited into the permanent endowment fund.
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Establishes legislative findings that state endowment lands constitute a trust requiring long-term stability and permanency, and that operating unlimited business enterprises poses undue risk to trust assets.
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Makes technical corrections to Idaho Code sections relating to prescriptive overflow easements and code references.
Legislative Description
Amends existing law relating to state endowment lands to revise the powers and duties of the State Board of Land Commissioners by providing that, except where state endowment land is used by a public entity for a public purpose, all nonagricultural improvements shall be leased to private persons, natural or artificial, and all business operations shall be sold to private persons, natural or artificial; to revise provisions relating to the acquisition of state endowment lands; and to revise provisions relating to authorization for the State Board of Land Commissioners to hold proceeds from the sale of land for a specified time.
STATE ENDOWMENT LANDS
Last Action
to Res/Env
3/6/2012