Print Friendly HOUSE BILL NO. 711 – Approp, Endowment Fund Bd
HOUSE BILL NO. 711
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H0711.....................................................by APPROPRIATIONS
APPROPRIATIONS - ENDOWMENT FUND INVESTMENT BOARD - Appropriates $603,000 to
the Office of the Governor for the Endowment Fund Investment Board for
fiscal year 2001; limits the number of full-time equivalent positions to
5.5; and provides for continuous appropriation authority for moneys in the
Endowment Administration Fund for consulting fees, bank custodial fees and
portfolio-related costs.
03/02 House intro - 1st rdg - to printing
03/03 Rpt prt - to 2nd rdg
03/06 2nd rdg - to 3rd rdg
03/10 3rd rdg - PASSED - 65-0-5
AYES -- Alltus, Barraclough(Barraclough), Barrett, Bell, Bieter,
Black, Boe, Bruneel, Callister, Campbell, Chase, Cheirrett, Clark,
Crow, Cuddy, Deal, Denney, Ellsworth, Field(13), Field(20), Gagner,
Geddes, Gould, Hadley, Hammond, Hansen(23), Henbest, Hornbeck,
Jaquet, Jones, Judd, Kellogg, Kempton, Kendell, Kunz, Lake,
Loertscher, Mader, Marley, Meyer, Montgomery, Mortensen, Moss, Moyle,
Pomeroy, Reynolds, Ridinger, Ringo, Robison, Sali, Schaefer, Sellman,
Shepherd, Smith, Smylie, Stevenson, Stoicheff, Stone, Taylor, Tilman,
Trail, Wheeler, Wood, Zimmermann, Mr Speaker
NAYS -- None
Absent and excused -- Hansen(29), Linford, McKague, Pearce, Pischner
Floor Sponsor - Clark
Title apvd - to Senate
03/13 Senate intro - 1st rdg - to Fin
03/14 Rpt out - rec d/p - to 2nd rdg
03/15 2nd rdg - to 3rd rdg
03/29 3rd rdg - PASSED - 26-0-9
AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Darrington, Deide, Dunklin, Frasure, Ipsen, King-Barrutia, Lee,
Noh, Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
Stennett, Wheeler, Whitworth, Williams
NAYS--None
Absent and excused--Danielson, Davis, Geddes, Hawkins, Ingram,
Keough, McLaughlin, Parry, Thorne
Floor Sponsor - Boatright
Title apvd - to House
03/30 To enrol
03/31 Rpt enrol - Sp signed
04/03 Pres signed - to Governor
04/17 Governor signed
Session Law Chapter 436
Effective: 07/01/00
H0711
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 711
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS TO THE BOARD OF LAND COMMISSIONERS FOR THE ENDOWMENT FUND
3 INVESTMENT BOARD FOR FISCAL YEAR 2001; LIMITING THE NUMBER OF FULL-TIME
4 EQUIVALENT POSITIONS; AND PROVIDING A CONTINUOUS APPROPRIATION FOR CERTAIN
5 COSTS.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. There is hereby appropriated to the State Board of Land Com-
8 missioners for the Endowment Fund Investment Board the following amounts, to
9 be expended according to the designated expense classes from the listed funds
10 for the period July 1, 2000, through June 30, 2001:
11 FOR FOR FOR
12 PERSONNEL OPERATING CAPITAL
13 COSTS EXPENDITURES OUTLAY TOTAL
14 ENDOWMENT FUND INVESTMENT BOARD:
15 FROM:
16 Endowment Administrative
17 Fund $268,900 $161,900 $5,700 $436,500
18 Miscellaneous
19 Revenue Fund 120,000 44,000 2,500 166,500
20 TOTAL $388,900 $205,900 $8,200 $603,000
21 SECTION 2. In accordance with Section 67-3519, Idaho Code, the Endowment
22 Fund Investment Board is authorized no more than five and five-tenths (5.5)
23 full-time equivalent positions at any point during the period July 1, 2000,
24 through June 30, 2001, for the program specified in Section 1 of this act,
25 unless specifically authorized by the Governor. The Joint Finance-
26 Appropriations Committee will be notified promptly of any increased positions
27 so authorized.
28 SECTION 3. The Endowment Fund Investment Board is hereby granted continu-
29 ous appropriation authority for moneys in the Endowment Administrative Fund
30 for consulting fees, bank custodial fees and portfolio-related external costs
31 for the period July 1, 2000, through June 30, 2001.
| Statement of Purpose |
| RS09258C1 |
This is the fiscal year 2001 appropriation to the Idaho State Board of Land Commissioners for the Endowment Fund Investment Board in the amount of $603,000.
.
 
| FY 2000 Original Appropriation |
5.50 |
392,400 |
193,700 |
0 |
586,100 |
| Supplementals |
0.00 |
100,000 |
0 |
0 |
100,000 |
| FY 2000 Total Appropriation |
5.50 |
492,400 |
193,700 |
0 |
686,100 |
| Base Adjustments |
0.00 |
(134,600) |
(18,400) |
0 |
(153,000) |
| Other Base Adjustments |
0.00 |
(357,800) |
357,800 |
0 |
0 |
| FY 2001 Base |
5.50 |
0 |
533,100 |
0 |
533,100 |
| Personnel Cost Rollups |
0.00 |
0 |
4,000 |
0 |
4,000 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
8,200 |
0 |
8,200 |
| Non-Standard Adjustments |
0.00 |
0 |
35,000 |
0 |
35,000 |
| Change in Employee Compensation |
0.00 |
0 |
12,700 |
0 |
12,700 |
| Fund Shifts |
0.00 |
0 |
0 |
0 |
0 |
| FY 2001 Program Maintenance |
5.50 |
0 |
593,000 |
0 |
593,000 |
| Enhancements |
|
|
|
|
|
| Endowment Fund Investment Board |
|
|
|
|
|
| 1. Continuous Appropriation |
0.00 |
0 |
0 |
0 |
0 |
| 2. Computer Programming |
0.00 |
0 |
10,000 |
0 |
10,000 |
| 3. Salary Enhancements |
0.00 |
0 |
0 |
0 |
0 |
| FY 2001 Total |
5.50 |
0 |
603,000 |
0 |
603,000 |
| Chg from FY 2000 Orig Approp |
0.00 |
(392,400) |
409,300 |
0 |
16,900 |
| % Chg from FY 2000 Orig Approp. |
0.0% |
(100.0%) |
211.3% |
0 |
2.9% |
This bill also provides a continuous (unlimited) appropriation from the Endowment Administrative Fund for consulting fees, bank custodial fees and certain portfolio-related costs.
.
Contact: Ray Houston 334-4741
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H711 |