ID H0459

Increases the Higher Education Stabilization Fund from three to four separate accounts by adding a new community college start-up account.

Establishes a community college start-up account consisting of moneys from legislative transfers, appropriations, or other governmental sources to be used for establishment and support of a community college in eastern Idaho.

Requires distribution of community college start-up account moneys to be based upon voter approval of a community college district and appointment of a local board of trustees by the state board of education.

Mandates all expenditures from the community college start-up account be subject to legislative appropriation to the state board of education.

Provides that interest earned from investment of moneys in the community college start-up account shall be retained in that account.