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ID H0612
Bill
Status
2/29/2012
Primary Sponsor
Ways and Means Committee
Click for details
AI Summary
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Authorizes the State Land Board to exchange endowment lands for lands of equal value or to purchase lands with proceeds from public auction sales of endowment lands that are not deposited into land bank funds or permanent endowment funds.
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Defines "lands" as a three-dimensional space based on land law principles, including areas below and above the surface that may encompass gases and liquids.
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Restricts land exchanges and purchases to five categories: forestland, agricultural lands, rangeland, minerals, and conservation lands with temporarily or permanently restricted property rights.
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Establishes that the State Land Board's authority for endowment land exchanges and purchases is derived from section 7, article IX, of the Idaho Constitution.
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Exempts lands below the meander line of national wildlife refuge lake beds established under federal law from application of these provisions.
Legislative Description
Amends existing law relating to endowment lands to revise the powers and duties of the State Land Board to provide requirements associated with the exchange of endowment lands or the use of proceeds from the sale at public auction of endowment lands.
ENDOWMENT LANDS
Last Action
to Res/Con
3/1/2012