ID H0502

Amends Idaho Forest Products Commission statutes to standardize all commission member terms at three years and require legislative approval for any rules defining vacancy and term procedures

Establishes formal officer structure requiring election of a chair by majority vote, with optional vice chair position, both serving one-year terms commencing July 30 annually

Revises assessment payment options to allow either full payment within 30 days or four equal quarterly payments due by December 31, with delinquent accounts accruing 1% monthly interest starting 31 days after notice

Adds detailed nomination process requiring financial supporters to submit nominations by June 1 for expiring seats, with the commission forwarding qualified nominees and recommendations to the governor

Nullifies existing administrative rules in IDAPA 15.03.01 effective July 1, 2026, with the act declared an emergency taking effect on that date