ID H0594

Amends Idaho Code Section 57-814 to revise procedures for transferring state general fund moneys to the Budget Stabilization Fund.

Requires the state controller to transfer general fund collections exceeding 4% year-over-year growth to the Budget Stabilization Fund, up to a maximum of 1% of actual general fund collections, in four equal quarterly installments.

Caps the Budget Stabilization Fund balance at 5% of total general fund receipts for the fiscal year, with excess amounts transferred back to the general fund.

Adds new provisions beginning June 30, 2013 requiring transfer of all unexpended and unencumbered moneys up to the expenditure limitation in Section 67-6803 to the Budget Stabilization Fund.

Limits appropriations from the Budget Stabilization Fund to 50% annually once the fund balance reaches 5% of total general fund receipts.

Declares the act an emergency measure effective upon passage and approval.