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H0700aa....................................................by STATE AFFAIRS
PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT - Amends existing law to
revise the allocation formula regarding the Idaho Private Activity Bond
Ceiling Allocation Act; and to provide the Governor's executive order
regarding the Idaho Private Activity Bond Ceiling Allocation Act shall
establish priorities.
02/28 House intro - 1st rdg - to printing
02/29 Rpt prt - to St Aff
03/20 Rpt out - to Gen Ord
03/21 Rpt out amen - to engros
03/22 Rpt engros - 1st rdg - to 2nd rdg as amen
03/23 2nd rdg - to 3rd rdg as amen
Rules susp - PASSED - 59-6-5
AYES -- Alltus, Barraclough, Bell, Bieter, Black, Boe, Bruneel,
Callister, Campbell, Chase, Cheirrett, Clark, Crow, Cuddy, Deal,
Denney, Ellsworth, Field(13), Gagner, Geddes, Gould, Hadley, Hammond,
Hansen(23), Hansen(29), Henbest, Hornbeck, Jaquet, Jones, Judd,
Kellogg, Kendell, Kunz, Lake, Linford, Loertscher, Mader, Marley,
Meyer, Montgomery, Mortensen, Moss, Moyle, Pearce, Pischner, Pomeroy,
Ridinger, Robison, Sellman, Shepherd, Smith, Smylie, Stevenson,
Stoicheff, Stone, Taylor, Tilman, Wheeler, Zimmermann
NAYS -- Barrett, Field(20), McKague, Sali, Schaefer, Wood
Absent and excused -- Kempton, Reynolds, Ringo, Trail, Mr Speaker
Floor Sponsor - Deal
Title apvd - to Senate
03/24 Senate intro - 1st rdg as amen - to St Aff
03/29 Rpt out - rec d/p - to 2nd rdg as amen
03/30 2nd rdg - to 3rd rdg as amen
04/04 3rd rdg as amen - PASSED - 35-0-0
AYES -- Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
Hawkins, Ingram, Ipsen, Keough, King-Barrutia, Lee, McLaughlin, Noh,
Parry, Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
Stennett, Thorne, Wheeler, Whitworth, Williams
NAYS -- None
Absent and excused -- None
Floor Sponsor - Sandy
Title apvd - to House
04/05 To enrol - rpt enrol - Sp signed - Pres signed
04/06 To Governor
04/17 Governor signed
Session Law Chapter 432
Effective: 07/01/00
H0700
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 700, As Amended
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO THE IDAHO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT; AMENDING
3 SECTION 50-2803, IDAHO CODE, TO REVISE THE ALLOCATION FORMULA AND TO MAKE
4 A TECHNICAL CORRECTION; AND AMENDING SECTION 50-2804, IDAHO CODE, TO PRO-
5 VIDE THE GOVERNOR'S EXECUTIVE ORDER SHALL ESTABLISH PRIORITIES AND TO MAKE
6 TECHNICAL CORRECTIONS.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Section 50-2803, Idaho Code, be, and the same is hereby
9 amended to read as follows:
10 50-2803. ALLOCATION FORMULA. The entire state ceiling for the year,
11 including any carry-forward under section 146(f) of the Internal Revenue
12 Ccode, shall be allocated by the following formula. The state ceiling shall be
13 allocated by the state to governmental units, as needed to finance specific
14 qualified projects and programs under the Internal Revenue Code, as amended,
15 on the basis of the chronological order in which applications from governmen-
16 tal units for an allocation of the state ceiling are received effective utili-
17 zation, need, economic impact and efficient distribution of resources through-
18 out the state by the agency designated in the executive order the department
19 of commerce. The allocation formula established by this section shall be
20 implemented and administered by the governor pursuant to the terms and provi-
21 sions of the an executive order which shall make provisions for priorities of
22 projects and programs based on the formula. No qualified applicant for the
23 state ceiling shall render decisions in the allocation formula.
24 SECTION 2. That Section 50-2804, Idaho Code, be, and the same is hereby
25 amended to read as follows:
26 50-2804. AUTHORITY OF THE GOVERNOR. The governor is authorized and
27 directed to provide for the implementation and administration of the alloca-
28 tion formula established in section 50-2803, Idaho Code, by executive order.
29 The executive order shall: (i) establish rules and procedures for the form,
30 contents, submission, processing, priorities and approval of applications for
31 allocations of the state ceiling,; (ii) designate an agency for receipt, veri-
32 fication and approval of applications and for authorization of allocations,;
33 (iii) provide for the carry-forward of an allocation under section 146(f) of
34 the code,; (iv) provide for the issuance to governmental units of certificates
35 evidencing an allocation of the state ceiling,; (v) establish a period of time
36 within which allocations must be used,; (vi) provide for a means of
37 reallocating portions of the state ceiling with respect to allocations for
38 bonds or certificates that are not actually issued or are issued in a lesser
39 amount than that portion of the state ceiling which was allocated to the
40 bonds,; and (vii) provide for, through the establishment of rules and proce-
41 dures or otherwise, any other matters necessary or desirable to implement and
2
1 administer the allocation formula and to provide for an efficient use of the
2 state ceiling.
AH0700
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
Moved by Deal
Seconded by Wheeler
IN THE HOUSE OF REPRESENTATIVES
HOUSE AMENDMENT TO H.B. NO. 700
1 AMENDMENT TO SECTION 1
2 On page 1 of the printed bill, delete lines 9 through 20 and insert:
3 "50-2803. ALLOCATION FORMULA. The entire state ceiling for the year,
4 including any carry-forward under section 146(f) of the Internal Revenue
5 Ccode, shall be allocated by the following formula. The state ceiling shall be
6 allocated by the state to governmental units, as needed to finance specific
7 qualified projects and programs under the Internal Revenue Code, as amended,
8 on the basis of the chronological order in which applications from governmen-
9 tal units for an allocation of the state ceiling are received effective utili-
10 zation, need, economic impact and efficient distribution of resources through-
11 out the state by the agency designated in the executive order the department
12 of commerce. The allocation formula established by this section shall be
13 implemented and administered by the governor pursuant to the terms and provi-
14 sions of the an executive order which shall make provisions for priorities of
15 projects and programs based on the formula. No qualified applicant for the
16 state ceiling shall render decisions in the allocation formula.".
17 CORRECTION TO TITLE
18 On page 1, in line 3, following "FORMULA" insert: "AND TO MAKE A TECHNICAL
19 CORRECTION".
STATEMENT OF PURPOSE
RS 10192
This legislation amends Section 50-2803 to revise the allocation formula and
amends Section 5-0-2804 to provide that the Governor's Executive Order shall
establish precedence for the Idaho Private Activity Bond Ceiling Allocation Act.
FISCAL IMPACT
No Fiscal Impact.
Contact
Name: Representative Bill Deal
Phone: (208) 332-1000
STATEMENT OF PURPOSE/FISCAL NOTE H 700