2003 Legislation
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HOUSE BILL NO. 427 – Approp, Treasurer, silver medallion

HOUSE BILL NO. 427

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Daily Data Tracking History



H0427.....................................................by APPROPRIATIONS
APPROPRIATIONS - Appropriates an additional $80,000 to the State Treasurer
for fiscal year 2003 for expenses relating to the initial purchase of Idaho
commemorative silver medallions and startup costs relating to sale of the
medallions to the public for fiscal year 2003; appropriates an additional
$30,000 to the State Treasurer for operating expenditures for fiscal years
2003 and 2004; and directing the State Treasurer to repay the General Fund
by the end of fiscal year 2004.
                                                                        
04/25    House intro - 1st rdg - to printing
04/28    Rpt prt - to 2nd rdg
04/29    2nd rdg - to 3rd rdg
05/01    Ret'd to Approp

Bill Text


                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-seventh Legislature                 First Regular Session - 2003
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 427
                                                                        
                                BY APPROPRIATIONS COMMITTEE
                                                                        
  1                                        AN ACT
  2    APPROPRIATING ADDITIONAL MONEYS TO THE STATE TREASURER FOR FISCAL  YEAR  2003;
  3        APPROPRIATING  ADDITIONAL  MONEYS  TO  THE STATE TREASURER FOR FISCAL YEAR
  4        2003 AND 2004; DIRECTING THE STATE TREASURER TO REPAY  THE  GENERAL  FUND;
  5        AND DECLARING AN EMERGENCY.
                                                                        
  6    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  7        SECTION  1.  In  addition  to the appropriation made in Section 1, Chapter
  8    196, Laws of 2002, there is hereby appropriated to the State Treasurer $80,000
  9    for operating expenditures from the General Fund for the period July 1,  2002,
 10    through June 30, 2003. These moneys shall be used for expenses relating to the
 11    initial purchase of commemorative silver medallions and startup costs relating
 12    to  sale  of  the  medallions to the public, as authorized in section 67-1223,
 13    Idaho Code.
                                                                        
 14        SECTION 2.  In addition to the appropriation made in  Section  1,  Chapter
 15    196, Laws of 2002, there is hereby appropriated to the State Treasurer $30,000
 16    for  operating expenditures from the Miscellaneous Revenue Fund for the period
 17    July 1, 2002, through June 30, 2004.
                                                                        
 18        SECTION 3.  The State Treasurer shall transfer to the General Fund  moneys
 19    sufficient to repay the moneys appropriated in Section 1 of this act from rev-
 20    enues generated from the sale of medallions as provided in section 67-1223(2),
 21    Idaho Code. Such repayment shall occur on or before June 30, 2004.
                                                                        
 22        SECTION  4.  An  emergency  existing  therefor,  which emergency is hereby
 23    declared to exist, this act shall be in full force and effect on and after its
 24    passage and approval.

Statement of Purpose / Fiscal Impact


Statement of Purpose
RS13299C1

This is a trailer appropriation bill to H415 which authorizes the issuance of a series of Idaho Commemorative Silver Medallions. Section 1 of this bill would provide $80,000 in one-time General Funds to the Treasurer’s Office for the initial purchase of 10,000 medallions and startup costs relating to the sale of the medallions to the public. Section 2 provides the Treasurer’s Office $30,000 in dedicated fund spending authority. Finally, Section 3 directs the Treasurer to repay the General Fund from revenues generated from the sale of the medallions.

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Fiscal Note

Fiscal impact to the General Fund is $80,000.

Contact: Matt Freeman 334-4740

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. H427