Loading chat...
ID S1346
Bill
Status
3/27/2012
Primary Sponsor
Finance Committee
Click for details
AI Summary
-
Amends Section 25-1174 of Idaho Code to redirect unclaimed livestock proceeds that escheat to the state into the State Board of Education's miscellaneous revenue fund instead of the public school fund.
-
Directs funds to be used for appropriation to public education and/or higher education programs that advance the livestock industry and agriculture in general.
-
Requires the Idaho Cattle Foundation, Inc. to provide recommendations for fund allocation to the State Board of Education no later than April 15 of each year.
-
Maintains the 18-month period for claimants to present certificates to the state controller before money escheats to the state.
-
Takes effect July 1, 2012.
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 recommended by the Idaho Cattle Foundation, Inc.
LIVESTOCK PROCEEDS
Last Action
Governor signed Session Law Chapter 151 Effective: 07/01/12
3/27/2012