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ID H0609

Bill

Status

Introduced

2/21/2024

Primary Sponsor

Commerce and Human Resources Committee

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Amends Section 72-301 to define "public employer" as excluding cities, counties, and single-purpose districts organized to provide municipal services under Idaho law.

  • Amends Section 72-928 to define "public corporation" the same way, excluding cities, counties, and single-purpose districts organized to provide municipal services.

  • Adds requirements for worker's compensation insurers to hold bonds with credit ratings of at least "single A minus" from nationally recognized rating organizations, with 30-day replacement requirement if downgraded below that threshold.

  • Permits municipal bonds issued by Idaho state, subdivisions, counties, cities, towns, villages, and school districts as acceptable security instruments for insurers.

  • Declares an emergency and makes the act effective July 1, 2024.

Legislative Description

Amends existing law to define a public employer and a public corporation with respect to certain requirements regarding security for compensation.

WORKER'S COMPENSATION

Last Action

Filed in Office of the Chief Clerk

3/4/2024

Committee Referrals

Commerce and Human Resources2/22/2024

Full Bill Text

No bill text available