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ID S1408
Bill
Status
4/5/2012
Primary Sponsor
Finance Committee
Click for details
AI Summary
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Transfers $161,000 from Idaho Millennium Fund to Permanent Endowment Fund for fiscal year 2012 to repay prior year investment management consulting fees paid in error from 2009-2011
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Transfers $80,000 from Idaho Millennium Fund to Idaho Millennium Income Fund for fiscal year 2012 and appropriates additional $80,000 to State Treasurer for operating expenditures
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Appropriates $5,714,400 from Idaho Millennium Income Fund for fiscal year 2013 distributed to multiple programs including substance abuse treatment services ($1,859,200 to Department of Correction, $450,000 to Supreme Court), tobacco cessation and prevention programs ($2,000,000 to Department of Health and Welfare, $400,000 to Public Health Districts, $120,700 to American Lung Association), youth prevention programs ($177,500 to Boys and Girls Clubs, $100,000 to Idaho Meth Project, $150,000 to Idaho Drug Free Youth), and other health services
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Requires unexpended and unencumbered balances from fiscal year 2013 appropriations in specified sections to revert to Idaho Millennium Income Fund on June 30, 2013
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Declares Sections 1, 2, and 3 effective immediately upon passage and approval as emergency measures
Legislative Description
Appropriates and transfers $161,000 from the Idaho Millennium Fund to the Idaho Millennium Permanent Endowment Fund for fiscal year 2012 for the purpose of repaying prior year investment management consulting fees that were paid in error from the Idaho Millennium Permanent Endowment Fund from fiscal years 2009-2011; appropriates and transfers $80,000 from the Idaho Millennium Fund to the Idaho Millennium Income Fund for appropriation to the State Treasurer for fiscal year 2012; appropriates an additional $80,000 to the State Treasurer for fiscal year 2012 to cover investment management fees for fiscal year 2012; appropriates and distributes a total of $5,714,400 from the Idaho Millennium Income Fund for fiscal year 2013; and provides that certain unexpended and unencumbered moneys shall revert to the Idaho Millennium Income Fund at the end of fiscal year 2013.
MILLENNIUM FUND
Last Action
Governor signed Session Law Chapter 317 Effective: 04/05/12 Sections 1, 2 & 3; 07/01/12 All other sections
4/5/2012