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H0348......................................................by STATE AFFAIRS
ENDOWMENT LANDS - Adds to existing law to provide for an exchange of
certain endowment lands, managed by the State Board of Land Commissioners,
which are adjacent to the Idaho State University/University of Idaho Center
for Higher Education in Idaho Falls, Idaho, with lands of equivalent market
value owned by the State Board of Education; and to provide intent of the
Legislature to facilitate the land exchange by including moneys in the
State Board of Education's General Fund appropriation for fiscal year 2002
to purchase real property of equivalent market value for the land exchange.
02/28 House intro - 1st rdg - to printing
03/01 Rpt prt - to Educ
03/05 Rpt out - rec d/p - to 2nd rdg
03/06 2nd rdg - to 3rd rdg
03/08 3rd rdg - PASSED - 52-15-3
AYES -- Barraclough(Barraclough), Bedke, Bieter, Black, Boe, Bolz,
Bradford, Bruneel, Campbell, Chase, Clark, Collins, Crow, Cuddy,
Deal, Ellis, Field(13), Field(20), Gagner, Gould, Hadley, Hammond,
Harwood, Henbest, Higgins, Hornbeck, Jones, Kellogg, Kendell, Kunz,
Lake, Langford, Loertscher, Mader, Marley, Mortensen, Moss, Pischner,
Raybould, Robison, Schaefer, Shepherd, Smith, Smylie, Stevenson,
Stone, Swan(Hansen), Tilman, Trail, Wheeler, Young, Mr. Speaker
NAYS -- Barrett, Bell, Callister, Denney, Ellsworth, Eskridge,
Jaquet, McKague, Meyer, Moyle, Pearce, Pomeroy, Ridinger, Roberts,
Sali
Absent and excused -- Montgomery, Sellman, Wood
Floor Sponsor -- Gagner
Title apvd - to Senate
03/09 Senate intro - 1st rdg - to St Aff
03/19 Rpt out - rec d/p - to 2nd rdg
Ref'd to Fin
03/26 Rpt out - rec d/p - to 2nd rdg
2nd rdg - to 3rd rdg
Rls susp - PASSED - 35-0-0
AYES -- Andreason, Boatright, Branch, Brandt, Bunderson, Burtenshaw,
Cameron, Danielson, Darrington, Davis, Deide, Dunklin, Frasure,
Geddes, Goedde, Hawkins, Ingram, Ipsen, Keough, King-Barrutia, Lee,
Lodge, Noh, Richardson, Risch, Sandy, Schroeder, Sims, Sorensen,
Stegner, Stennett, Thorne, Wheeler, Whitworth, Williams,
NAYS -- None
Absent and excused -- None
Floor Sponsor -- Hawkins
Title apvd - to House
03/28 To enrol - rpt enrol - Sp signed
Pres signed
03/29 To Governor
04/09 Governor signed
Session Law Chapter H0351
Effective: 07/01/01
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 348
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO ACQUIRING SPECIFIED ENDOWMENT LANDS FOR THE IDAHO STATE
3 UNIVERSITY/UNIVERSITY OF IDAHO CENTER FOR HIGHER EDUCATION IN IDAHO FALLS,
4 IDAHO; AMENDING CHAPTER 1, TITLE 58, IDAHO CODE, BY THE ADDITION OF A NEW
5 SECTION 58-156, IDAHO CODE, TO PROVIDE LEGISLATIVE FINDINGS AND PURPOSES,
6 TO DESCRIBE CERTAIN ENDOWMENT LANDS LOCATED ADJACENT TO THE IDAHO STATE
7 UNIVERSITY/UNIVERSITY OF IDAHO CENTER FOR HIGHER EDUCATION IN IDAHO FALLS,
8 IDAHO, TO ACKNOWLEDGE THE STATE BOARD OF EDUCATION'S MANAGEMENT OF THE
9 IDAHO STATE UNIVERSITY/UNIVERSITY OF IDAHO CENTER FOR HIGHER EDUCATION IN
10 IDAHO FALLS, IDAHO, TO ACKNOWLEDGE THAT THE LANDS ARE HELD IN TRUST BY THE
11 STATE BOARD OF LAND COMMISSIONERS, TO PROVIDE THAT THE STATE BOARD OF LAND
12 COMMISSIONERS SHALL RECEIVE TITLE TO REAL PROPERTY OF EQUIVALENT VALUE
13 THROUGH LAND EXCHANGE, TO PROVIDE LEGISLATIVE APPROVAL OF SUCH A LAND
14 EXCHANGE, TO ACKNOWLEDGE THAT THE STATE BOARD OF EDUCATION AND THE STATE
15 BOARD OF LAND COMMISSIONERS HAVE AGREED TO ENTER INTO A CONTRACT TO EFFECT
16 THE LAND EXCHANGE, TO PROVIDE THAT THE STATE BOARD OF EDUCATION SHALL PAY
17 FOR ALL COSTS OF THE TRANSACTION AND TO PROVIDE THAT IT IS THE INTENT OF
18 THE LEGISLATURE TO PROVIDE FUNDS FOR THE DESCRIBED LAND EXCHANGE.
19 Be It Enacted by the Legislature of the State of Idaho:
20 SECTION 1. That Chapter 1, Title 58, Idaho Code, be, and the same is
21 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
22 ignated as Section 58-156, Idaho Code, and to read as follows:
23 58-156. LEGISLATIVE FINDINGS AND PURPOSES. The legislature of the state
24 of Idaho finds:
25 (1) That the following described tracts of public school endowment land,
26 containing nineteen and twenty-seven one-hundredths (19.27) acres of endowment
27 land, more or less, managed by the state board of land commissioners, are
28 located adjacent to the Idaho State University/University of Idaho Center for
29 Higher Education in Idaho Falls, Idaho, in Township 2 North, Range 37 East,
30 B.M., Bonneville County:
31 (a) Lot 9, Pt. NW1/4 NE1/4, Pt. NE1/4 NW1/4, containing six and four-
32 tenths (6.4) acres;
33 (b) Lot 10, Pt. SW1/4 NE1/4, Pt. SE1/4 NW1/4, containing twelve and
34 eighty-seven one-hundredths (12.87) acres.
35 (2) That Idaho State University and the University of Idaho, their
36 respective foundations, and the state board of education own and manage the
37 Center for Higher Education in Idaho Falls, Idaho, and the state board of edu-
38 cation has expressed its desire to obtain and manage the described parcels of
39 endowment land as part of the Center for Higher Education in Idaho Falls,
40 Idaho;
41 (3) That the endowment lands are held in trust by the state board of land
42 commissioners and are managed to generate the maximum long-term financial
43 returns to the public school endowment;
2
1 (4) That any transaction in which the state board of education acquires
2 title to these endowment lands, the state board of land commissioners shall
3 receive title to real property of equivalent market value through land
4 exchange;
5 (5) That the legislature approves of a course of action by which the
6 state board of education on behalf of Idaho State University and the Univer-
7 sity of Idaho acquires the described endowment lands now owned by the state
8 board of land commissioners, through land exchange at not less than fair mar-
9 ket value, as determined by qualified appraisals;
10 (6) That the state board of education and the state board of land commis-
11 sioners have agreed to enter into a contract by which the state board of edu-
12 cation may acquire the described endowment lands, through land exchange at not
13 less than fair market value, as determined by qualified appraisals;
14 (7) That any acquisition by the state board of education of title to the
15 described endowment lands shall be subject to any outstanding rights and res-
16 ervations of record, and the state board of education shall pay all costs of
17 the transactions including, but not limited to, surveys and appraisals.
18 (8) It is the intent of the legislature to provide funds for this
19 exchange to the state board of education within the state board of education's
20 general fund appropriation for fiscal year 2002, to facilitate the state board
21 of education, on behalf of Idaho State University and the University of Idaho,
22 to purchase real property of equivalent market value and to enter into a land
23 exchange with the state board of land commissioners to acquire the nineteen
24 and twenty-seven one-hundredths (19.27) acres, more or less, of endowment
25 lands.
STATEMENT OF PURPOSE
RS 11193
This legislation authorizes the Department of Lands to exchange
land from the public school endowment lands (the two particular
parcels are adjacent to the Center for Higher Education in Idaho
Falls) for land of equivalent market value owned by the State
Board of Education on behalf of Idaho State University and the
University of Idaho. The two parcels of endowment property total
19.27 acres, more or less, and have a combined value of
approximately $500,000. The State Board of Education intends
that the land will become part of the campus of the Center for
Higher Education in Idaho Falls that currently includes two
classroom buildings, a student union building and a soon-to-be-
constructed laboratory building called the Center for Science and
Technology.
FISCAL IMPACT
The Legislature will be asked to appropriate $500,000 in one-time
funds as part of the State Board of Education's FY 2002 general
fund appropriation.
Contact
Name: Rep. Lee Gagner
Name: Sen. Mel Richardson
Phone: 332-1000
STATEMENT OF PURPOSE/FISCAL IMPACT H 348