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S1301............................................................by FINANCE
BUDGET STABILIZATION FUND - Stating findings of the Legislature;
appropriating $9,923,000 from the Budget Stabilization Fund to the General
Fund; and directing the State Controller not to transfer moneys to the
Budget Stabilization Fund for fiscal year 2002.
01/18 Senate intro - 1st rdg - to printing
01/21 Rpt prt - to Fin
Rpt out - rec d/p - to 2nd rdg
2nd rdg - to 3rd rdg
01/23 3rd rdg - PASSED - 34-0-1
AYES -- Andreason, Boatright, Brandt, Bunderson, Burtenshaw, Cameron,
Darrington, Davis, Deide, Dunklin, Frasure, Geddes, Goedde, Hawkins,
Hill, Ingram, Ipsen(Messinger), Keough, King-Barrutia, Little, Lodge,
Marley, Noh, Richardson, Risch, Sandy, Schroeder, Sims, Sorensen,
Stegner, Stennett, Thorne, Wheeler, Williams
NAYS -- None
Absent and excused -- Branch
Floor Sponsor - Cameron
Title apvd - to House
01/24 House intro - 1st rdg - to 2nd rdg
01/25 2nd rdg - to 3rd rdg
01/28 3rd rdg - PASSED - 70-0-0
AYES -- Aikele, Barraclough, Barrett, Bedke, Bell, Bieter, Black,
Block, Boe, Bolz, Bradford, Bruneel, Callister, Campbell, Clark,
Collins, Crow, Cuddy, Deal, Denney, Ellis, Ellsworth, Eskridge,
Field(13), Field(20), Gagner, Gould, Hadley, Hammond, Harwood,
Henbest, Higgins, Hornbeck, Jaquet, Jones, Kellogg, Kendell, Kunz,
Lake, Langford, Loertscher, Mader, Martinez, McKague, Meyer,
Montgomery, Mortensen, Moyle, Pearce, Pischner, Pomeroy, Raybould,
Ridinger, Roberts, Robison, Sali, Schaefer, Sellman, Shepherd,
Smith(33), Smith(23), Smylie, Stevenson, Stone, Tilman, Trail,
Wheeler, Wood, Young, Mr. Speaker
NAYS -- None
Absent and excused -- None
Floor Sponsor - Clark
Title apvd - to Senate
01/29 To enrol
01/30 Rpt enrol - Pres signed
01/31 Sp signed
02/01 To Governor
02/05 Governor signed
Session Law Chapter 4
Effective: 02/05/02
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature Second Regular Session - 2002
IN THE SENATE
SENATE BILL NO. 1301
BY FINANCE COMMITTEE
1 AN ACT
2 STATING FINDINGS OF THE LEGISLATURE; APPROPRIATING MONEYS FROM THE BUDGET STA-
3 BILIZATION FUND TO THE GENERAL FUND; DIRECTING THE STATE CONTROLLER NOT TO
4 TRANSFER ADDITIONAL GENERAL FUNDS INTO THE BUDGET STABILIZATION FUND; AND
5 DECLARING AN EMERGENCY.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. The Legislature finds that the current economic situation fac-
8 ing the state of Idaho, and underscored by the revenue projection from the
9 Governor's Office and the analysis done by the Legislature's Economic Outlook
10 Committee, warrants setting aside the transfer of General Funds to the Budget
11 Stabilization Fund in fiscal year 2002 in order to ensure a balanced budget.
12 SECTION 2. There is hereby appropriated and transferred from the Budget
13 Stabilization Fund to the General Fund the sum of $9,923,000.
14 SECTION 3. Notwithstanding the provisions of Section 57-814, Idaho Code,
15 to the contrary, the State Controller is hereby directed not to transfer any
16 additional General Funds to the Budget Stabilization Fund pursuant to Section
17 57-814, Idaho Code, during fiscal year 2002.
18 SECTION 4. An emergency existing therefor, which emergency is hereby
19 declared to exist, this act shall be in full force and effect on and after its
20 passage and approval.
STATEMENT OF PURPOSE
RS11721
This bill will insure that no funds are transferred from the
General Fund to the Budget Stabilization Fund during this
current fiscal year (FY 2002) . This action is necessary as a
key component of balancing the current General Fund Budget, and
will augment scarce General Funds by almost $20 million.
FISCAL NOTE
The transfers take place in four equal installments; in
September, December, March, and June. Because the September
and December transfers have already taken place ($4,961,500 for
each transfer) , it is necessary to transfer that money back out
of the Budget Stabilization Fund to the General Fund with an
appropriation. That appropriation totals $9,923,000 and is found
in section 2 of this bill. Section three takes care of the two
spring transfers by simply directing the State Controller not
to make those transfers, which will provide another $9,923,000
for the General Fund this year. The total amount therefore that
will stay in the General Fund is $19, 846, 000.
Contact:
STATEMENT OF PURPOSE/FISCAL NOTE S 1301
State of Idaho Budget Stabilization Fund
Section 57-814, Idaho Code
Date Action Balance
Apr. 1984 Creation of Fund (H747) ----
Jun. 1984 Transfer from General Fund at year-end (H747) $ 4,267,200 $ 4,267,200
Jun. 1985 Transfer from General Fund (H350) 1,490,300 5,757,500
Jul. 1985 Transfer to General Fund (H350) (5,757,500) -
Apr. 1989 Transfer from General Fund (Sl332aaH) 7,500,000 7,500,000
Jun. 1989 Transfer from General Fund (Sl332aaH) 4,500,000 12,000.000
Mar. 1990 Transfer from General Fund (S1573) 38,000,000 50,000,000
Apr. 1990 Interest earnings from Apr. 1989 to Mar. 1990
(See Note 684,432 50,684,432
Apr. 1990 Appropriation for local highway projects (H905)(15,500,000)35,184,432
Jun. 1992 Transfer to General Fund (S1464) (5,406,100) 29,778,332
Apr. 1993 Transfer to Parks & Recreation for Oregon
Trail Project (S1276) (100,000) 29,678,332
Jul. 1993 Transfer to General Fund for public
schools (H463) (3,000,000) 26,678,332
Oct. 1993 Transfer from Liquor Fund (H464) 748,800 27,427,132
Jan 1994 Transfer from Liquor Fund (H464) 748,800 28,175,932
Mar. 1994 Partial return from Oregon Trail Project (H862) 27,000 28,202,932
Apr 1994 Transfer from Liquor Fund (H464) 3,000,000 31,202,932
Apr 1994 Appropriation for juvenile justice study (H992) (100,000) 31,102,932
Apr. 1994 Transfer from Liquor Fund (H464) 879,100 31,982,032
Jun. 1994 Transfer from Liquor Fund (H464) 879,100 32,861,132
Jun 1995 Partial return from juvenile justice study 26,763 32,887,895
Mar 1996 Transfer for North Idaho floods
(Exec. Order #96-04) (1,000,000) 31,887,895
Jan 1997 Transfer for Floods (Exec. Order #97-01) (1,000,000) 30,887,895
Feb 1997 Transfer for Floods (Exec. Order #97-01) (1.000,000) 29,887,895
Jun 1997 Transfer for Floods (Exec. Order #97-01) (1,000,000) 28,887,895
Apr. 1997 Transfer for Floods (Exec. Order #97-01) (1,000,000) 27,887,895
Jul. 1997 State Controller - Y2K appropriation (S1285) (357,700) 27,530,195
Jun 1998 Transfers from General Fund (H572 and H443a) 8,500,000 36,030,195
Dec. 1999 Deposits from tobacco settlement (S 1002) 16,781,559 52,811,754
Feb. 2000 Transfer tobacco settlements to
Millennium Fund (S1296) (16.781,559) 36,030,195
Jul 2000 Transfer to American Trucking Association
Settlement Fund (H819) (17,000,000) 19,030,195
Jul 2000 Transfer from General Fund Surplus (H819) 17,000,000 36,030,195
Sept 2000 Quarterly fiscal year 2001 transfer from
General Fund (H569) 4,552,410 40,582,605
Dec 2000 Quarterly fiscal year 2001 transfer from
General Fund (H569) 4,552,410 45,135,016
Dec 2000 Transfer to Disaster Emergency Fund
(Exec. Order #2000-17) (1,000,000) 44,135,016
Mar 2001 Quarterly fiscal year 2001 transfer from
General Fund (H569) 4,552,410 48,687,426
Jun 2001 Quarterly fiscal year 2001 transfer from
General Fund (H569) 4,552,410 53,239,836
Aug 2001 Rainbow Gathering (Exec. Order 2001 -09) (150,000) 53,089,836
Sept 2001 Quarterly fiscal year 2002 transfer from
General Fund §57-814a 4,961,599 58,051,435
Dec 2001 Quarterly fiscal year 2002 transfer from
General Fund §57-814a 4,961,599 63,013,034
FY 2002 Remaining fiscal year 2002 transfers from
General Fund §57-814a 9,923,198 72,936,232
Note 1:
Prior to April, 1989, interest accrued to the General Fund.
Since March, 1990, interest has accrued to the Permanent Building Fund.
Idaho Legislative Budget Book Statewide Report