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ID H0121
Bill
Status
4/2/2013
Primary Sponsor
State Affairs Committee
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AI Summary
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Removes requirement for the Idaho Credit Rating Enhancement Committee to meet at least once every six months, allowing meetings only when called by the chairperson or majority of members.
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Changes the committee's reporting requirement from reporting to the governor and legislature to reporting specifically to the Speaker of the House of Representatives and President Pro Tempore of the Senate by August 1 of each year.
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Streamlines the committee's duties by removing the requirement to develop a six-year debt capacity forecast and convert debt capacity targets to net available capacity estimates.
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Retains the committee's core function to advise on policies and actions that enhance and preserve the state's credit rating and maintain low-cost capital financing availability.
Legislative Description
Amends existing law relating to the Idaho Credit Rating Enhancement Committee to revise provisions relating to meetings of the committee; to revise powers and duties of the committee and to provide that the committee shall report to the Speaker of the House of Representatives and the President Pro Tempore of the Senate by August 1 of each year.
CREDIT RATING ENHANCEMENT COMMITTEE
Last Action
Reported Signed by Governor on April 2, 2013 Session Law Chapter 219 Effective: 07/01/13
4/2/2013