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ID S1296
Bill
Status
2/8/2012
Primary Sponsor
Agricultural Affairs Committee
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AI Summary
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Amends Section 25-1174, Idaho Code, to change the disposition of unclaimed livestock proceeds that escheat to the state after 18 months.
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Redirects escheated livestock proceeds from the public school fund to the State Board of Education's Miscellaneous Revenue Fund instead.
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Specifies that appropriated funds must support public education and/or higher education programs that advance the livestock industry and agriculture in general.
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Designates the Idaho Cattle Foundation, Inc., to direct how the State Board of Education appropriates these funds.
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Requires the Idaho Cattle Foundation, Inc., to provide its funding direction to the State Board of Education no later than April 15 of each year.
Legislative Description
Amends existing law relating to livestock proceeds to provide that certain moneys that escheat to the state shall be deposited into the State Board of Education's Miscellaneous Revenue Fund for appropriation to certain public education and/or higher education programs as directed by the Idaho Cattle Foundation, Inc.
LIVESTOCK PROCEEDS
Last Action
Ret'd to Agric Aff
2/22/2012