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ID S1443
Bill
Status
3/27/2024
Primary Sponsor
State Affairs Committee
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AI Summary
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Adds new Section 58-304B to Idaho Code establishing the State Board of Land Commissioners' duty to manage state endowment trust lands to secure maximum long-term financial return through location, protection, sale, or rental.
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Requires all leases to include terms and conditions ensuring sustainable management and stewardship of leased lands appropriate for the type of use.
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Authorizes the Idaho Department of Lands to require bonds secured from lessees to ensure reclamation and restoration of leased lands upon lease expiration or cancellation.
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Grants the Idaho Department of Lands authority to promulgate rules, subject to legislative approval, for leasing activities considered by the board or department.
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Declares an emergency and makes the act effective July 1, 2024.
Legislative Description
Adds to existing law to clarify the duties of the state board of land commissioners in the lease of state endowment trust lands, to require bonds under certain circumstances, and to provide for rulemaking.
ENDOWMENT TRUST LANDS
Last Action
Read First Time, Referred to Resources & Conservation
3/28/2024