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ID H0427

Bill

Official Source

Status

Passed

3/23/2016

Primary Sponsor

State Affairs Committee

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Section 67-8729, Idaho Code, regarding the Idaho Bond Bank Administrative Fund created in the state treasury
  • Appropriates moneys in the fund continuously to the Idaho Bond Bank Authority instead of the State Treasurer
  • Authorizes the Idaho Bond Bank Authority to approve reimbursement of the State Treasurer's costs for implementation, administration, and oversight of the bond bank authority
  • Limits reimbursable costs to no more than one-half of one percent (0.5%) of the fund's annual revenues
  • Specifies that moneys in the fund shall only be used for purposes of Chapter 87, Title 67, Idaho Code, with any remaining balance at fiscal year-end not appropriated to other funds

Legislative Description

Amends existing law to appropriate funds to the Idaho Bond Bank Authority and to authorize reimbursement of costs incurred by the State Treasurer.

IDAHO BOND BANK AUTHORITY

Last Action

Reported Signed by Governor on March 23, 2016 Session Law Chapter 160 Effective: 07/01/2016

3/23/2016

Committee Referrals

State Affairs2/15/2016
State Affairs2/1/2016

Full Bill Text

No bill text available