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ID H0272
Bill
Status
4/2/2015
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
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Appropriates $3,828,700 to the State Treasurer for fiscal year 2016 (July 1, 2015 - June 30, 2016) from General Fund, LGIP Fund, Professional Services Fund, Idaho Millennium Income Fund, and Abandoned Property Trust Fund.
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Authorizes the State Treasurer to maintain no more than 26 full-time equivalent positions during the fiscal year, with Joint Finance-Appropriations Committee notification required for any increases authorized by the Governor.
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Limits conference-related activities spending to $10,000 maximum from any fund source or combination thereof, including sponsorships, in-kind donations, and information booths.
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Allocates $435,900 from General Fund and $192,400 from Professional Services Fund solely for bank service fees and directs the State Treasurer to make efforts to reduce or eliminate such fees through competitive bidding.
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Requires the State Treasurer Investment Advisory Board to consult regarding any private or third-party audits of fund investments and report to the Legislature by January 22, 2016 on consultation outcomes, recommendations, and meeting frequency.
Legislative Description
Appropriates $3,828,700 to the State Treasurer for fiscal year 2016; limits the number of full-time equivalent positions to 26; provides for reappropriation authority for the LGIP Fund; provides legislative intent regarding conference-related activities; provides legislative intent regarding payment of bank service fees; provides legislative intent regarding mitigation of bank service fees; and provides legislative intent regarding consultation with the State Treasurer Investment Advisory Board.
APPROPRIATIONS
Last Action
Reported Signed by Governor on April 2, 2015 Session Law Chapter 227 Effective: 07/01/2015
4/2/2015