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H0124............................................by RESOURCES AND CONSERVATION
IRRIGATION DISTRICTS - Amends existing law to permit the investment of surplus
funds of irrigation districts in certain additional warrants or bonds.
01/28 House intro - 1st rdg - to printing
01/29 Rpt prt - to Res/Con
02/18 Rpt out - rec d/p - to 2nd rdg
02/19 2nd rdg - to 3rd rdg
02/21 3rd rdg - PASSED - 70-0-0
AYES -- Andersen, Barraclough, Barrett, Bauer, Bedke, Bell, Bieter,
Black, Block, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins,
Crow, Cuddy, Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth,
Eskridge, Field(18), Field(23), Gagner, Garrett, Harwood, Henbest,
Jaquet, Jones, Kellogg, Kulczyk, Lake, Langford, Langhorst, Martinez,
McGeachin, McKague, Meyer, Miller, Mitchell, Moyle, Naccarato, Nielsen,
Raybould, Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali,
Sayler, Schaefer(Schaefer), Shepherd, Shirley, Skippen, Smith(30),
Smith(24), Smylie, Snodgrass, Stevenson, Tilman, Trail, Wills, Wood, Mr.
Speaker.
NAYS -- None
Absent and excused -- None
Floor Sponsor - Bedke
Title apvd - to Senate
02/24 Senate intro - 1st rdg - to Res/Env
03/03 Rpt out - rec d/p - to 2nd rdg
03/04 2nd rdg - to 3rd rdg
03/10 3rd rdg - PASSED - 33-0-2
AYES -- Andreason, Bailey, Brandt, Bunderson, Burtenshaw, Calabretta,
Cameron, Compton, Darrington, Gannon, Geddes, Goedde, Hill, Ingram,
Kennedy, Keough, Little, Lodge, Malepeai, Marley, McKenzie, McWilliams,
Noble, Noh, Pearce, Richardson, Schroeder, Sorensen, Stegner, Stennett,
Sweet, Werk, Williams
NAYS -- None
Absent and excused -- Burkett, Davis
Floor Sponsor - Kennedy
Title apvd - to House
03/11 To enrol
03/12 Rpt enrol - Sp signed
03/13 Pres signed
03/14 To Governor
03/17 Governor signed
Session Law Chapter 82
Effective: 07/01/03
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-seventh Legislature First Regular Session - 2003
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 124
BY RESOURCES AND CONSERVATION COMMITTEE
1 AN ACT
2 RELATING TO INVESTMENT OF IRRIGATION DISTRICT FUNDS; AMENDING SECTION 43-1507,
3 IDAHO CODE, TO CORRECT A CODE CITATION, TO PERMIT INVESTMENT OF SURPLUS
4 FUNDS IN CERTAIN ADDITIONAL WARRANTS OR BONDS, TO INCLUDE REFERENCE TO
5 WARRANTS AND TO MAKE TECHNICAL CORRECTIONS.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 43-1507, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 43-1507. INVESTMENT OF CERTAIN FUNDS AUTHORIZED. In addition to the
10 authority conferred upon the board of directors of an irrigation district by
11 section 57-601127, Idaho Code, such board shall have the authority to invest
12 the surplus funds of such district, collected for the purpose of paying an
13 outstanding obligation to the United States of America or for the payment of
14 outstanding bonds of said district or funds in an emergency fund created by
15 the directors, in the negotiable, general obligation bonds or other evidences
16 of indebtedness of the United States or of this state or in local improvement
17 district bonds or warrants authorized by chapter 17, title 50, or chapter 25,
18 title 43, Idaho Code, in lieu of depositing the same in designated deposito-
19 ries as provided by the Ppublic Ddepository Llaw and to dispose of such bonds,
20 warrants, or evidences of indebtedness as and when said board may direct.
STATEMENT OF PURPOSE
RS 12706
This legislation would correct an outdated Idaho Code reference
relating to the investment of the surplus funds of irrigation
districts and would grant to irrigation districts the authority,
already held by cities under Section 50-1013, Idaho Code, to
invest surplus funds in local improvement district bonds or
warrants in addition to other types of state or local government
bonds.
FISCAL IMPACT
No fiscal impact to the state general fund.
Contact
Name: Norm M. Semanko, Idaho Water Users Association
Phone: (208) 344-6690
STATEMENT OF PURPOSE/FISCAL NOTE H 124