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ID H0181

Bill

Status

Passed

3/24/2017

Primary Sponsor

State Affairs Committee

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Amends Section 67-1226 of Idaho Code to add public charter schools to the list of entities authorized to participate in the Local Government Investment Pool.

  • Authorizes the state treasurer to establish and maintain a pooled investment program for public agencies including municipalities, districts, political subdivisions, political or public corporations, and public charter schools.

  • Allows public charter schools to invest funds not immediately required for their activities in the pooled investment program.

  • Permits the state treasurer to invest pooled program funds in any investments authorized by law for use with idle state moneys.

  • Specifies that costs of administering the pooled investment program shall be paid from the invested funds or earnings generated by those funds.

Legislative Description

Amends existing law to authorize public charter school participation in the Local Government Investment Pool.

LOCAL GOVERNMENT INVESTMENT POOL

Last Action

Reported Signed by Governor on March 24, 2017 Session Law Chapter 138 Effective: 07/01/2017

3/24/2017

Committee Referrals

State Affairs3/2/2017
State Affairs2/15/2017

Full Bill Text

No bill text available