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ID H0325
Bill
Status
2/25/2025
Primary Sponsor
Ways and Means Committee
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AI Summary
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Removes obsolete language from Idaho Code Section 67-6203 regarding initial commissioner appointment terms from the 1970s and 1980s for the Idaho Housing and Finance Association
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Requires any new federal grant received by the Idaho Housing and Finance Association on or after July 1, 2026, to comply with Chapter 35, Title 67, Idaho Code, which governs expenditure of federal funds and recognition of non-cognizable funds
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Maintains the association's authority to administer state, private, and federal assistance programs including tax credit programs, guaranty funds, loan programs, investment funds, and block grants
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Declares an emergency and establishes an effective date of July 1, 2025
Legislative Description
Amends existing law to remove obsolete provisions and to provide that federal grants received on or after July 1, 2026, shall be subject to certain requirements.
IDAHO HOUSING AND FINANCE ASSOCIATION
Last Action
Reported Printed and Referred to Appropriations
2/26/2025