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ID S1307
Bill
Status
3/11/2020
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Amends Idaho Code Section 67-3516 to allow receipts from the sale of a motor vehicle to be transferred to operating expenditures with approval of the division of financial management.
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Previously, receipts from the sale of capital outlay items were restricted to capital outlay expenditures; this change creates an exception for motor vehicle sales.
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Requires division of financial management approval for transferring motor vehicle sale receipts to operating expenditures, notwithstanding the restrictions in Section 67-3511(3).
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Makes technical corrections to clarify that receipts from capital outlay sales and insurance claim settlements must be identified at an object code level.
Legislative Description
Amends existing law to provide that receipts from the sale of a motor vehicle may be transferred to operating expenditures in certain instances.
STATE BUDGET
Last Action
Session Law Chapter 92 Effective: 07/01/2020
3/11/2020