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HJR001.....................................................by STATE AFFAIRS
PUBLIC SCHOOL PERMANENT ENDOWMENT FUND - Proposes an amendment to the
Constitution of the State of Idaho, relating to the Public School Fund, to
change the name of the Public School Fund to the Public School Permanent
Endowment Fund; to provide that the fund shall consist of proceeds from the
sale of school lands and amounts allocated from the Public School Earnings
Reserve Fund; to provide that proceeds from the sale of school lands may be
deposited into a land bank fund to be used to acquire other lands within
the state; and to provide that if those proceeds are not used to acquire
other lands within a time provided by the Legislature, the proceeds shall
be deposited into the Public School Permanent Endowment Fund, along with
earnings on the proceeds.
01/26 House intro - 1st rdg - to printing
01/27 Rpt prt - to St Aff
02/08 Rpt out - rec d/p - to 2nd rdg
02/09 2nd rdg - to 3rd rdg
02/10 3rd rdg - PASSED - 65-4-1
AYES -- Alltus, Barraclough, 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), Hansen(29), Henbest, Hornbeck, Jaquet,
Jones, Judd, Kellogg, Kempton, Kendell, Kunz, Lake, Linford, Mader,
Marley, McKague, Meyer, Montgomery, Mortensen, Moyle, Pearce,
Pischner, Pomeroy, Reynolds, Ridinger, Ringo, Robison, Schaefer,
Sellman, Shepherd, Smith, Smylie, Stevenson, Stoicheff, Stone,
Taylor, Tilman, Trail(Miller), Wheeler, Zimmermann, Mr Speaker
NAYS -- Barrett, Loertscher, Sali, Wood
Absent and excused -- Moss
Floor Sponsor - Deal
Title apvd - to Senate
02/11 Senate intro - 1st rdg - to St Aff
02/15 Rpt out - rec d/p - to 2nd rdg
02/16 2nd rdg - to 3rd rdg
03/22 3rd rdg - PASSED - 28-7-0
AYES--Andreason, Boatright, Bunderson, Cameron, Crow, Danielson,
Darrington, Davis, Deide, Frasure, Geddes, Ingram, Ipsen, Keough,
King-Barrutia, Lee, McLaughlin, Noh, Parry, Richardson, Riggs, Risch,
Sandy, Sorensen, Stegner, Thorne, Wheeler, Williams
NAYS--Branch, Burtenshaw, Dunklin, Hawkins, Schroeder, Stennett,
Whitworth
Absent and excused--None
Floor Sponsor - Danielson
Title apvd - to House
03/23 To enrol
03/24 Rpt enrol - Sp signed
03/27 Pres signed
To Secretary of State
HJR001
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE JOINT RESOLUTION NO. 1
BY STATE AFFAIRS COMMITTEE
1 A JOINT RESOLUTION
2 PROPOSING AN AMENDMENT TO SECTION 4, ARTICLE IX OF THE CONSTITUTION OF THE
3 STATE OF IDAHO, RELATING TO THE PUBLIC SCHOOL FUND, TO CHANGE THE NAME OF
4 THE PUBLIC SCHOOL FUND TO THE PUBLIC SCHOOL PERMANENT ENDOWMENT FUND, TO
5 PROVIDE THAT THE FUND SHALL CONSIST OF PROCEEDS FROM THE SALE OF SCHOOL
6 LANDS AND AMOUNTS ALLOCATED FROM THE PUBLIC SCHOOL EARNINGS RESERVE FUND,
7 TO PROVIDE THAT PROCEEDS FROM THE SALE OF SCHOOL LANDS MAY BE DEPOSITED
8 INTO A LAND BANK FUND TO BE USED TO ACQUIRE OTHER LANDS WITHIN THE STATE,
9 TO PROVIDE THAT IF THOSE PROCEEDS ARE NOT USED TO ACQUIRE OTHER LANDS
10 WITHIN A TIME PROVIDED BY THE LEGISLATURE, THE PROCEEDS SHALL BE DEPOSITED
11 INTO THE PUBLIC SCHOOL PERMANENT ENDOWMENT FUND ALONG WITH ANY EARNINGS ON
12 THE PROCEEDS; STATING THE QUESTION TO BE SUBMITTED TO THE ELECTORATE;
13 DIRECTING THE LEGISLATIVE COUNCIL TO PREPARE THE STATEMENTS REQUIRED BY
14 LAW; AND DIRECTING THE SECRETARY OF STATE TO PUBLISH THE AMENDMENT AND
15 ARGUMENTS AS REQUIRED BY LAW.
16 Be It Resolved by the Legislature of the State of Idaho:
17 SECTION 1. That Section 4, Article IX, of the Constitution of the State
18 of Idaho be amended to read as follows:
19 SECTION 4. PUBLIC SCHOOL PERMANENT ENDOWMENT FUND DEFINED. The
20 public school permanent endowment fund of the state shall consist of
21 the proceeds from the sale of such lands as have heretofore been
22 granted, or may hereafter be granted, to the state by the general
23 government, known as school lands, and those granted in lieu of such;
24 lands acquired by gift or grant from any person or corporation under
25 any law or grant of the general government; and of all other grants
26 of land or money made to the state from the general government for
27 general educational purposes, or where no other special purpose is
28 indicated in such grant; all estates or distributive shares of
29 estates that may escheat to the state; all unclaimed shares and divi-
30 dends of any corporation incorporated under the laws of the state;
31 all other grants, gifts, devises, or bequests made to the state for
32 general educational purposes; and amounts allocated from the public
33 school earnings reserve fund. Provided however, that proceeds from
34 the sale of school lands may be deposited into a land bank fund to be
35 used to acquire other lands within the state for the benefit of
36 endowment beneficiaries. If those proceeds are not used to acquire
37 other lands within a time provided by the legislature, the proceeds
38 shall be deposited into the public school permanent endowment fund
39 along with any earnings on the proceeds.
40 SECTION 2. The question to be submitted to the electors of the State of
41 Idaho at the next general election shall be as follows:
42 "Shall Section 4, Article IX of the Constitution of the State of Idaho be
2
1 amended to:
2 1. Change the name of the Public School Fund to the Public School Perma-
3 nent Endowment Fund;
4 2. Provide that the fund shall consist of proceeds from the sale of
5 school lands and amounts allocated from the Public School Earnings Reserve
6 Fund;
7 3. Provide that proceeds from the sale of school lands may be deposited
8 into a land bank fund to be used to acquire other lands within the state; and
9 4. To provide that if those proceeds are not used to acquire other lands
10 within a time provided by the legislature, the proceeds shall be deposited
11 into the Public School Permanent Endowment Fund along with any earnings on the
12 proceeds?".
13 SECTION 3. The Legislative Council is directed to prepare the statements
14 required by Section 67-453, Idaho Code, and file the same.
15 SECTION 4. The Secretary of State is hereby directed to publish this pro-
16 posed constitutional amendment and arguments as required by law.
STATEMENT OF PURPOSE
RS 09575
A joint resolution proposing an amendment to Section 4, Article
IX of the Idaho Constitution, relating to the public school fund.
To change the name of the fund to "Public School Permanent
Endowment Fund." To provide that the fund shall consist of
proceeds from the sale of school lands and amounts allocated
from the earnings reserve fund and that they be deposited
into a Land Bank fund.
FISCAL IMPACT
No fiscal impact
Contact:
Name: Representative Bill Deal
Phone: 332-1000
STATEMENT OF PURPOSE/FISCAL NOTE HJR 1