2006 Legislation
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HOUSE BILL NO. 512 – Mint comm, funds, disbursement

HOUSE BILL NO. 512

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Bill Status



H0512...............................................by AGRICULTURAL AFFAIRS
MINT COMMISSION - Amends existing law to revise provisions relating to the
disbursement of moneys from the accounts of the Idaho Mint Commission.
                                                                        
01/31    House intro - 1st rdg - to printing
02/01    Rpt prt - to Agric Aff

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   Second Regular Session - 2006
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 512
                                                                        
                             BY AGRICULTURAL AFFAIRS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO THE IDAHO MINT COMMISSION; AMENDING SECTION 22-3811,  IDAHO  CODE,
  3        TO  REVISE  PROVISIONS  RELATING  TO  THE  DISBURSEMENT OF MONEYS FROM THE
  4        ACCOUNTS OF THE IDAHO MINT COMMISSION AND TO MAKE TECHNICAL CORRECTIONS.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  That Section 22-3811, Idaho Code, be, and the same  is  hereby
  7    amended to read as follows:
                                                                        
  8        22-3811.  DISPOSITION OF RECEIPTS AND USE OF MONEYS COLLECTED. (1) As soon
  9    as  possible  after  receipt,  all  moneys received by the commission from the
 10    assessment levied under section 22-3806, of this act Idaho Code, and all other
 11    moneys received by the commission shall be deposited in one (1) or more  sepa-
 12    rate  accounts in the name of the commission in one (1) or more banks or trust
 13    companies approved under chapter 27, title 67, Idaho Code, as state  deposito-
 14    ries. The commission shall designate such accounts at such banks or trust com-
 15    panies.
 16        (2)  (a) No  moneys  shall  be withdrawn from or paid out of such accounts
 17        except upon order of the commission, and upon checks or other orders  upon
 18        such  accounts  signed  by such member of the commission as the commission
 19        designates. and countersigned by such other member, officer or employee of
 20        the commission as the commission designates. A receipt, voucher  or  other
 21        written record, showing clearly the nature and items covered by each check
 22        or other order, shall be kept.
 23        (b)  All  moneys  referred  to  in subsection (1) of this section shall be
 24        used by the commission only for the payment of expenses of the  commission
 25        in carrying out the powers conferred on the commission.
 26        (c)  The commission may require any commission member or agent or employee
 27        appointed  by  the commission, to give a bond payable to the commission in
 28        the amount, and with the security and containing the terms and  conditions
 29        the commission prescribes. The cost of such bond is an administrative cost
 30        under this act chapter.
 31        (3)  The right is reserved to the state of Idaho to audit all funds of the
 32    commission at any time.

Statement of Purpose / Fiscal Impact



                       STATEMENT OF PURPOSE

                             RS 15757 
 
Legislative auditors have indicated that it is no longer
necessary for small commodity commissions to require two (2)
signatures on checking accounts.  The commissions require action
by the commission to withdraw or pay out of accounts.  These
accounts are audited by legislative auditors.  In some instances
members of the commissions are some distance apart and it is
difficult to obtain two (2) signatures.


                           FISCAL IMPACT

There is no impact to the general fund.




Contact
Name: Rep. Darrell Bolz 
Phone: 332-1000


STATEMENT OF PURPOSE/FISCAL NOTE                         H 512