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ID H0134
Bill
Status
2/11/2013
Primary Sponsor
Local Government Committee
Click for details
AI Summary
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Adds new 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, or notes from U.S. corporations rated A or higher by commonly known rating services.
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Limits the authorization to funds generated from operational revenues only, excluding funds derived from ad valorem taxes, assessments, or levies.
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Clarifies that this authorization does not expand the investment powers of hospital treasurers beyond the scope of investments already enumerated in Section 67-1210, Idaho Code.
Legislative Description
Adds to existing law relating to public funds to authorize treasurers for public hospital districts and 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.
HOSPITALS
Last Action
Reported Printed and Referred to Local Government
2/12/2013