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H0475......................................................by STATE AFFAIRS
COMMERCIAL AFFAIRS ADMINISTRATIVE FUND - Repeals existing law to delete the
Commercial Affairs Administrative Fund in the office of the Secretary of
State; and to transfer the moneys in the Commercial Affairs Administrative
Fund to the General Fund.
02/01 House intro - 1st rdg - to printing
02/02 Rpt prt - to St Aff
02/10 Rpt out - rec d/p - to 2nd rdg
02/11 2nd rdg - to 3rd rdg
02/16 3rd rdg - PASSED - 61-0-9
AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Boe, Bruneel,
Callister, Campbell, Chase, Cheirrett, Clark, Crow, Cuddy, Deal,
Denney, Ellsworth, Gagner, Geddes, Hadley, Hammond, Hansen(23),
Hansen(29), Henbest, Jaquet, Jones, Judd, Kellogg, Kempton, Kendell,
Kunz, Lake, Linford, Mader, Marley, McKague, Meyer, Montgomery,
Mortensen, Moss, Moyle, Pearce, Pischner, Pomeroy, Reynolds,
Ridinger, Ringo, Robison, Sali, Schaefer, Shepherd, Smith, Smylie,
Stevenson, Stoicheff, Stone, Taylor, Tilman, Trail(Miller), Wheeler,
Zimmermann
NAYS -- None
Absent and excused -- Black, Field(13), Field(20), Gould, Hornbeck,
Loertscher Sellman, Wood, Mr Speaker
Floor Sponsor - Pearce
Title apvd - to Senate
02/17 Senate intro - 1st rdg - to St Aff
02/29 Rpt out - rec d/p - to 2nd rdg
03/01 2nd rdg - to 3rd rdg
03/27 3rd rdg - 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 - Richardson
Title apvd - to House
03/28 To enrol
03/29 Rpt enrol - Sp signed
03/30 Pres signed
03/31 To Governor
04/03 Governor signed
Session Law Chapter 152
Effective: 07/01/00
H0475
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 475
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO THE SECRETARY OF STATE; REPEALING SECTION 67-916, IDAHO CODE;
3 TRANSFERRING MONEYS IN THE COMMERCIAL AFFAIRS ADMINISTRATIVE FUND TO THE
4 GENERAL FUND; AND PROVIDING AN EFFECTIVE DATE.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 67-916, Idaho Code, be, and the same is hereby
7 repealed.
8 SECTION 2. All moneys in the Commercial Affairs Administrative Fund (fund
9 number 0235) shall be transferred to the General Fund on July 1, 2000.
10 SECTION 3. This act shall be in full force and effect on and after July
11 1, 2000.
STATEMENT OF PURPOSE
RS09702
The purpose of this legislation is to eliminate the Secretary
of State's "commercial affairs" dedicated account, and thereby
require all Secretary of State revenues to be deposited into
the general fund. The "commercial affairs" account was
established in 1992 to establish a revenue source outside the
general fund to fund capital expenditures. After considering
the continued necessity and viability of this dedicated account,
the Secretary of State office has concluded that the extra
programming costs and record keeping involved in tracking two
accounts (general and dedicated) is not necessary. In regard
to capital expenditures needs, the legislature has responded
when a need has been demonstrated.
FISCAL NOTE
This legislation should result in a $700,000 gain to the general
fund in F.Y. 2001, as well as $500,000 positive cash flow to the
general fund on an annual basis.
CONTACT: Ben Ysursa,
Chief Deputy Secretary of State
(208) 334-2852
STATEMENT OF PURPOSE/ FISCAL NOTE H 475