ID S1265

Removes outdated language regarding initial appointment terms for the seven-member Board of Trustees of the Idaho Petroleum Clean Water Trust Fund, as these transitional provisions from the fund's creation are no longer applicable

Eliminates obsolete distribution provisions related to the April 1, 1997 one-time distribution of transfer fees from a suspense account, including the $6 million allocation to the state highway account

Repeals Section 41-4910A (apportionment of moneys) and Section 41-4925 (application for trust registration) as unnecessary provisions

Updates code references throughout the Petroleum Clean Water Trust Fund Act to reflect the repealed sections and modernize statutory language

Declares an emergency with an effective date of July 1, 2026