Loading chat...
ID H0538
Bill
Status
Introduced
2/20/2014
Primary Sponsor
Health and Welfare Committee
Click for details
AI Summary
- Requires all reports from the Department of Lands to be fully transparent and continuously provided on the Idaho Department of Lands website
- Director must submit quarterly statements to the state controller and treasurer showing moneys received and deposited, classified by land type and source
- Director must submit annual report to the governor by December 1st detailing land transactions, receipts, and values and rates of net cash and capital appreciation returns by asset class
- Effective July 1, 2014, all department reports must employ both cash and accrual methods of accounting for each asset classification and meet or exceed reporting standards of the western states land commissioners association
- Department cannot rely solely on county assessor appraisals as the basis for fair market value of property in any reports
Legislative Description
Amends existing law to revise requirements of the Department of Lands relating to reports and methods of accounting.
LANDS DEPARTMENT
Last Action
Reported Printed and Referred to Resources & Conservation
2/21/2014
Full Bill Text
No bill text available