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ID S1255
Bill
Status
3/2/2020
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Authorizes use of matching funds from the Idaho Veterans Recognition Fund for grants, new construction, replacement, remodel, and life safety projects at state veterans homes, cemeteries, and other federal grant opportunities.
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Allows the administrator of the Division of Veterans Services to request transfers from the Idaho Veterans Recognition Fund to the Idaho Veterans Recognition Income Fund as necessary for matching grant funds and eligible projects.
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Removes the 5% monthly transfer cap and fair market value restrictions on distributions from the Idaho Veterans Recognition Fund.
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Removes the requirement that unencumbered funds remaining in the Idaho Veterans Recognition Income Fund on June 30 be transferred back to the main recognition fund.
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Allows fiscal year-end revenue in the Division of Veterans Services budget exceeding six months of operational costs to be transferred to the Idaho Veterans Recognition Fund as determined by the division.
Legislative Description
Amends existing law to provide for the use of certain matching funds and to provide for certain transfers of funds in the Idaho Veterans Recognition Income Fund and the Idaho Veterans Recognition Fund.
VETERANS SERVICES
Last Action
Session Law Chapter 32 Effective: 07/01/2020
3/2/2020