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ID H0534
Bill
Status
2/4/2022
Primary Sponsor
Commerce and Human Resources Committee
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AI Summary
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State Insurance Fund employees hired after December 31, 2022, are excluded from participation in the state sick leave program established under Idaho Code Section 67-5333.
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The manager of the State Insurance Fund becomes the custodian of the fund, replacing the State Treasurer in this role, with authority to deposit surplus funds in interest-bearing accounts and submit expenditures for public transparency reporting.
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The State Insurance Manager is authorized to sign sight drafts for fund disbursements and direct the Endowment Fund Investment Board regarding surplus and reserve fund investments.
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Technical corrections replace references to "State Treasurer" with "State Insurance Manager" throughout Sections 72-910, 72-912, and 72-927 relating to fund management and worker's compensation payment procedures.
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The act takes effect as an emergency measure on July 1, 2022.
Legislative Description
Amends and repeals existing law to provide that the manager of the State Insurance Fund shall be the custodian of the fund and to provide that employees of the fund hired after a certain date shall participate in a sick leave program.
INSURANCE
Last Action
Reported Printed and Referred to Commerce & Human Resources
2/7/2022