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ID S1316
Bill
Status
2/23/2012
Primary Sponsor
Local Government and Taxation Committee
Click for details
AI Summary
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Adds Section 57-127B to Idaho Code authorizing treasurers for public hospital districts and county hospitals to invest operational revenue funds in prime commercial paper, bonds, debentures, and notes from U.S. corporations rated A or higher by a commonly known rating service.
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Investment authorization applies only to funds generated from operational revenues of public hospitals or county hospitals.
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Authorization does not extend to funds generated through ad valorem taxes, assessments, or levies, which remain subject to existing investment restrictions in Idaho Code Section 67-1210.
Legislative Description
Adds to existing law relating to public funds to authorize treasurers for public hospital districts and treasurers for county hospitals to invest funds generated from operational revenues in certain investments; and to provide that such authorization shall not be construed to enlarge or expand powers of treasurers for public hospital districts or county hospitals to invest funds generated through ad valorem taxes, assessments or levies outside the scope of investments enumerated in specified law.
PUBLIC FUNDS
Last Action
to Loc Gov
2/24/2012