2006 Legislation
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HOUSE BILL NO. 811 – Approp, State Treasurer

HOUSE BILL NO. 811

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Bill Status



H0811.....................................................by APPROPRIATIONS
APPROPRIATIONS - STATE TREASURER - Appropriates $1,856,400 to the State
Treasurer for fiscal year 2007; provides that moneys assessed for State
Treasurer banking services be placed in the Indirect Cost Recovery Fund and
provides for transfers of moneys from the fund; reappropriates certain
unexpended and unencumbered balances of moneys; limits the number of
full-time equivalent positions to 18; and directs the allocation of salary
savings.
                                                                        
03/14    House intro - 1st rdg - to printing
03/15    Rpt prt - to 2nd rdg
03/16    2nd rdg - to 3rd rdg
03/17    3rd rdg - PASSED - 64-0-6
      AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer,
      Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Brackett, Bradford,
      Cannon, Chadderdon, Clark, Collins, Deal, Denney, Edmunson, Eskridge,
      Field(18), Field(23), Garrett, Hart, Harwood, Henbest, Henderson,
      Jaquet, Kemp, Lake, LeFavour, Loertscher, Martinez, Mathews, McKague,
      Miller, Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence,
      Raybould, Ring, Ringo, Roberts, Rusche, Rydalch, Sayler, Schaefer,
      Shepherd(2), Shepherd(8), Shirley, Skippen, Smith(30), Smith(24),
      Smylie, Snodgrass, Stevenson, Trail, Mr. Speaker
      NAYS -- None
      Absent and excused -- Crow, Ellsworth, McGeachin, Sali, Wills, Wood
    Floor Sponsor - Harwood
    Title apvd - to Senate
03/20    Senate intro - 1st rdg - to Fin
03/21    Rpt out - rec d/p - to 2nd rdg
03/22    2nd rdg - to 3rd rdg
03/23    3rd rdg - PASSED - 34-0-1
      AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett(Clark),
      Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
      Fulcher, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst,
      Little, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson,
      Schroeder, Stegner, Stennett, Sweet, Werk, Williams
      NAYS -- None
      Absent and excused -- Gannon
    Floor Sponsor - Lodge
    Title apvd - to House
03/24    To enrol
03/27    Rpt enrol - Sp signed
03/28    Pres signed
03/29    To Governor
03/31    Governor signed
         Session Law Chapter 338
         Effective: 07/01/06

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                 Second Regular Session - 2006
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 811
                                                                        
                                BY APPROPRIATIONS COMMITTEE
                                                                        
  1                                        AN ACT
  2    APPROPRIATING MONEYS TO THE STATE TREASURER FOR FISCAL  YEAR  2007;  PROVIDING
  3        FOR  THE  RECOVERY OF BANKING SERVICES COSTS TO THE GENERAL FUND; REAPPRO-
  4        PRIATING CERTAIN UNEXPENDED AND UNENCUMBERED BALANCES OF MONEYS;  LIMITING
  5        THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS; AND DIRECTING THE ALLOCATION
  6        OF SALARY SAVINGS.
                                                                        
  7    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  8        SECTION  1.  There  is hereby appropriated to the State Treasurer the fol-
  9    lowing amounts to be expended according to the designated expense classes from
 10    the listed funds for the period July 1, 2006, through June 30, 2007:
 11                                 FOR               FOR
 12                              PERSONNEL         OPERATING
 13                                COSTS          EXPENDITURES         TOTAL
 14    FROM:
 15    General Fund             $  916,400          $314,700         $1,231,100
 16    State Treasurer
 17     LGIP Fund                  204,800           104,400            309,200
 18    Treasurer's
 19     Office -
 20     Professional
 21     Services
 22     Fund                       193,200           122,900            316,100
 23      TOTAL                  $1,314,400          $542,000         $1,856,400
                                                                        
 24        SECTION 2.  The moneys assessed by the Division of Financial Management in
 25    accordance with Section 67-3531, Idaho Code, for State Treasurer banking  ser-
 26    vices  shall  be  placed in the Indirect Cost Recovery Fund. On June 30, 2007,
 27    the State Controller shall transfer the amount assessed in the statewide  cost
 28    allocation plan from the Indirect Cost Recovery Fund to the General Fund.
                                                                        
 29        SECTION  3.  There  is  hereby  reappropriated  to the State Treasurer the
 30    unexpended and unencumbered balance of any appropriation  made  to  the  State
 31    Treasurer  from the State Treasurer LGIP Fund for fiscal year 2006, to be used
 32    for nonrecurring expenditures only for the period July 1, 2006,  through  June
 33    30,  2007. Provided however, that if said reappropriation exceeds the unencum-
 34    bered cash balance in the State Treasurer LGIP Fund as of June 30,  2006,  the
 35    reappropriation  is hereby reduced to an amount equal to the unencumbered cash
 36    balance.
                                                                        
 37        SECTION 4.  In accordance with Section 67-3519, Idaho Code, the Office  of
 38    the State Treasurer is authorized no more than eighteen (18) full-time equiva-
 39    lent  positions  at any point during the period July 1, 2006, through June 30,
 40    2007, for the program specified in Section 1 of this act, unless  specifically
 41    authorized by the Governor. The Joint Finance-Appropriations Committee will be
                                                                        
                                           2
                                                                        
  1    notified promptly of any increased positions so authorized.
                                                                        
  2        SECTION 5.  The State Treasurer is hereby directed to allocate salary sav-
  3    ings,  based on performance, to provide for employee salary needs before other
  4    operational budget priorities  are  considered.  Where  applicable,  employees
  5    whose  salaries  are  below  the  midpoint  of their pay grade or occupational
  6    groups with significant turnover rates shall be considered first in the  order
  7    of salary savings distributions.

Statement of Purpose / Fiscal Impact


Statement of Purpose
RS15315

This is a fiscal year 2007 appropriation for the State Treasurer in the amount of $1,856,400.

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Fiscal Note
FTP  Gen  Ded  Fed  Total 


FY 2006 Original Appropriation 18.00  1,223,500  620,800  1,844,300 
Reappropriations 0.00  95,600  95,600 
HB 395 One-time 1% Salary Increase 0.00  6,700  3,600  10,300 
Omnibus CEC Supplemental 0.00  8,100  4,000  12,100 


FY 2006 Total Appropriation 18.00  1,238,300  724,000  1,962,300 
Removal of One-Time Expenditures 0.00  (6,700)  (145,000)  (151,700) 


FY 2007 Base 18.00  1,231,600  579,000  1,810,600 
Benefit Costs 0.00  (13,100)  (4,900)  (18,000) 
Inflationary Adjustments 0.00  5,700  3,400  9,100 
Statewide Cost Allocation 0.00  900  900 
Change in Employee Compensation 0.00 


FY 2007 Program Maintenance 18.00  1,225,100  577,500  1,802,600 



Enhancements          
State Treasurer          
 1. Investment Portfolio Ratings 0.00  35,800  35,800 
 2. Bond Bank 0.00  5,000  5,000 
 3. Tradeweb 0.00  12,000  12,000 
 4. Credit Enhancement Committee 0.00  1,000  1,000 


FY 2007 Total 18.00  1,231,100  625,300  1,856,400 
Chg from FY 2006 Orig Approp 0.00  7,600  4,500  12,100 
% Chg from FY 2006 Orig Approp. 0.0%  0.6%  0.7%    0.7% 

Contact: Amy Castro 334-4745

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. H811