1999 Legislation
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HOUSE CONCURRENT RESOLUTION NO. 9 – Budget Stabiliztn Fnd/no $$ trnsfr

HOUSE CONCURRENT RESOLUTION NO. 9

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Daily Data Tracking History



HCR009....................................................by APPROPRIATIONS
BUDGET STABILIZATION FUND - Directing the State Controller to not transfer
moneys to the Budget Stabilization Fund in Fiscal Year 2000.

01/19    House intro - 1st rdg - to printing
01/20    Rpt prt - to Approp
02/08    Rpt out - rec d/p - to 2nd rdg
02/09    2nd rdg - to 3rd rdg
02/10    3rd rdg - ADOPTED - 66-0-4
      AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Black, Boe,
      Bruneel, Callister, Campbell, Chase, Clark, Crow, Cuddy, Deal,
      Denney, Ellsworth, Field(13), Field(20), Gagner, Geddes, Gould,
      Hadley, Hammond, Hansen(23), Hansen(29), Henbest, Hornbeck, Judd,
      Kellogg, Kempton, Kendell, Kjellander, Kunz, Lake, Limbaugh, Linford,
      Mader, Marley, McKague, Meyer, Montgomery, Mortensen, Moyle,
      Pischner, Pomeroy, Reynolds, Ridinger, Ringo, Robison, Sali,
      Schaefer, Sellman, Smith, Stevenson, Stoicheff, Stone, Tilman,
      Tippets, Trail, Watson, Wheeler, Williams, Wood, Zimmermann,
      Mr Speaker
      NAYS -- None
      Absent and excused -- Jaquet, Jones, Loertscher, Taylor
    Floor Sponsor - Bell
    Title apvd - to Senate
02/11    Senate intro - 1st rdg - to Fin
02/17    Rpt out - rec d/p - to 10th Ord
02/18    10th ord - ADOPTED - voice vote
    Title apvd - to House
02/19    To enrol
02/22    Rpt enrol - Sp signed
02/23    Pres signed
02/24    To Secretary of State

Bill Text


HCR009


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fifth Legislature                 First Regular Session - 1999
                                                                        

                             IN THE HOUSE OF REPRESENTATIVES

                            HOUSE CONCURRENT RESOLUTION NO. 9

                               BY APPROPRIATIONS COMMITTEE

 1                               A CONCURRENT RESOLUTION
 2    STATING FINDINGS OF THE LEGISLATURE REGARDING THE  BUDGET  STABILIZATION  FUND
 3        AND  DIRECTING  THE  STATE CONTROLLER TO NOT TRANSFER GENERAL FUNDS TO THE
 4        BUDGET STABILIZATION FUND IN FISCAL YEAR 2000.

 5    Be It Resolved by the Legislature of the State of Idaho:

 6        WHEREAS, the Economic Outlook and  Revenue  Assessment  Committee  of  the
 7    First Regular Session of the Fifty-fifth Idaho Legislature has determined that
 8    the executive revenue projection is a reasonable revenue estimate; and
 9        WHEREAS, Section 57-814(2)(a), Idaho Code, directs the State Controller to
10    transfer  certain  funds to the Budget Stabilization Fund only if revenues are
11    in excess of four percent over the previous fiscal year; and
12        WHEREAS, the executive revenue projection for fiscal  year  1999  is  less
13    than a four percent increase over the previous fiscal year; and
14        WHEREAS, Section 57-814(3), Idaho Code, authorizes the Legislature through
15    concurrent  resolution to reduce the transfers made by the State Controller to
16    the Budget Stabilization Fund.
17        NOW, THEREFORE, BE IT RESOLVED by the members of the First Regular Session
18    of the Fifty-fifth Idaho Legislature, the House  of  Representatives  and  the
19    Senate concurring therein, that the State Controller is hereby directed not to
20    transfer  general  funds  to the Budget Stabilization Fund pursuant to Section
21    57-814, Idaho Code, during fiscal year 2000.

Statement of Purpose / Fiscal Impact


                      STATEMENT OF PURPOSE
                          RS 08551
                                       
  This Concurrent Resolution is required to direct the State
  Controller to not transfer General Funds into the Budget
  Stabilization Fund during fiscal year 2000. Idaho Code 57814
  directs the State Controller to transfer an amount of General
  Fund appropriation into the Budget Stabilization Fund if revenues
  increase four percent or more from one fiscal year to the next.
  Since the Legislature has endorsed the Governor's revenue
  projection, and that projection is less than four percent for
  fiscal year 1999 and fiscal year 2000, this resolution would
  ensure that the transfer would not take place in fiscal year
  2000. The Budget Stabilization Fund statute allows the
  Legislature, by resolution, to reduce the amount transferred in
  any given year.
  
                            FISCAL NOTE
                                   
  As a result of this resolution, $16,108,000 in General Fund money
  will remain in the General Fund during FY 2000 rather than being
  transferred into the Budget Stabilization Fund.
  
           CONTACT: Senator Atwell Parry
                                     334-4735
           
                                   STATEMENT OF
  PURPOSE/FISCAL NOTE             Bill No.    HCR 9