ID HCR030

Authorizes the Legislative Council to appoint a committee to study the feasibility of creating a state-owned bank for Idaho.

Cites North Dakota's Bank of North Dakota as a model, noting it returned approximately one-third of $1 billion to the state general fund over the past decade and earned $57 million in net profits in 2008.

Bank of North Dakota partners with private financial institutions rather than competing with them and invests in loan programs for agriculture, education, community development, housing, and industry.

Committee may include nonlegislative members appointed by committee cochairs who will provide input but cannot vote on recommendations or receive legislative reimbursement for expenses.

Director of the Department of Finance and State Treasurer are designated to assist the interim committee in its deliberations, with findings and recommendations due to the First Regular Session of the Sixty-second Idaho Legislature.