Print Friendly HOUSE BILL NO. 753 – Timber sales/state land/school bldg
HOUSE BILL NO. 753
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TIMBER SALES - Amends existing law to provide that annually the state
treasurer shall set aside the first ten million dollars of the moneys
received from the sale of timber on public school lands for transfer to the
School District Building Account.
02/19 House intro - 1st rdg - to printing
02/20 Rpt prt - to Rev/Tax
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fourth Legislature Second Regular Session - 1998
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 753
BY EDUCATION COMMITTEE
1 AN ACT
2 RELATING TO SALE OF TIMBER ON STATE LANDS; AMENDING SECTION 58-116, IDAHO
3 CODE, TO PROVIDE THAT ANNUALLY THE STATE TREASURER SHALL SET ASIDE THE
4 FIRST TEN MILLION DOLLARS RECEIVED FOR THE SALE OF TIMBER ON PUBLIC SCHOOL
5 LANDS FOR REMITTANCE TO THE SCHOOL DISTRICT BUILDING ACCOUNT.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 58-116, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 58-116. GROSS RECEIPTS PAYABLE INTO TREASURY. (1) The gross
10 amount of money received by the department, from whatever source, belonging to
11 or for the use of the state, shall be paid into the state treasury, without
12 delay, without any deduction on account of salaries, fees, costs, charges,
13 expenses or claim of any description whatever and shall be credited to such
14 fund or funds as are now or may hereafter be designated by law for the deposit
15 thereof. No money belonging to, or for the use of, the state shall be expended
16 or applied by the department except in consequence of an appropriation made by
17 law and upon the warrant of the state controller.
18 (2) Annually, the state treasurer shall set aside the first ten
19 million dollars ($10,000,000) received for the sale of timber on public school
20 lands owned by the state and the state treasurer shall remit such amount to
21 the school district building account created in section 33-905, Idaho Code.
STATEMENT OF PURPOSE
This legislation would give Idaho schools an added $10
million a year for facilities. It would be distributed in
the same way that lottery money for schools is now
distributed. Ten million dollars a year from the sale of
timber on state school endowment land would go directly to
schools rather than into the endowment fund. State land
timber sale income in the current year is projected at $39
million. This bill would recognize current school facility
needs as a higher priority than the long-term growth of the
The legislation would approximately double the amount of
money from state sources going to schools for facilities.
It would reduce the future growth of the school endowment
fund. That fund had a fiscal 1997 balance of $435 million
and is expected to grow by more than $40 million in the
current fiscal year.
CONTACT: Rep Maynard Miller
Representative Pat Bieter
Representative Donna Boe