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H0468.....................................................by APPROPRIATIONS
GENERAL FUND - Stating findings regarding a balanced budget; and
transferring moneys to the General Fund from the Capitol Endowment Income
Fund and the Multistate Tax Compact Fund.
05/02 House intro - 1st rdg - to printing
05/03 Rpt prt - to 2nd rdg
Rls susp - PASSED - 65-0-5
AYES -- Andersen(Guyon), Barraclough(Schanz), Barrett, Bauer, Bedke,
Bell, Bieter, Black, Block, Boe, Bolz, Bradford, Campbell, Cannon,
Collins, Crow, Deal, Douglas, Eberle, Edmunson, Ellsworth, Eskridge,
Field(18), Field(23), Gagner, Garrett, Harwood, Henbest, Jaquet,
Jones, Kellogg, Kulczyk, Lake, Langford, Langhorst, McGeachin,
McKague, Meyer, Miller, Moyle, Naccarato, Nielsen, Raybould,
Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali, Sayler,
Schaefer, Shepherd, Shirley, Skippen, Smith(30), Smith(24), Smylie,
Snodgrass, Stevenson, Tilman, Trail, Wills, Wood, Mr. Speaker
NAYS -- None
Absent and excused -- Clark, Cuddy, Denney, Martinez(Echohawk),
Mitchell
Floor Sponsor - Bell
Title apvd - to Senate
05/03 Senate intro - 1st rdg - to Fin
Rpt out - rec d/p - to 2nd rdg
Rls susp - PASSED - 33-1-1
AYES -- Bailey, Bunderson, Burkett, Burtenshaw, Calabretta, Cameron,
Compton, Darrington, Davis, Gannon, Geddes, Goedde, Hill, Ingram,
Kennedy, Keough, Little, Lodge, Malepeai, Marley, McKenzie,
McWilliams, Noble, Noh, Pearce(Banner), Richardson, Schroeder,
Sorensen, Stegner, Stennett, Sweet, Werk, Williams
NAYS -- Andreason
Absent and excused -- Brandt
Floor Sponsor - Cameron
Title apvd - to House
05/05 To enrol - Rpt enrol - Sp signed
Pres signed - To Governor
05/12 Governor signed
Session Law Chapter 379
Effective: 05/12/03
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-seventh Legislature First Regular Session - 2003
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 468
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 RELATING TO A BALANCED BUDGET; STATING FINDINGS OF THE LEGISLATURE REGARDING
3 THE FINANCIAL SITUATION FOR FISCAL YEAR 2003; TRANSFERRING MONEYS FROM THE
4 CAPITOL ENDOWMENT INCOME FUND TO THE GENERAL FUND; TRANSFERRING MONEYS
5 FROM THE MULTISTATE TAX COMPACT FUND TO THE GENERAL FUND; AND DECLARING AN
6 EMERGENCY.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. The Legislature finds that the current economic situation fac-
9 ing the state of Idaho requires certain prudent and necessary steps to augment
10 General Fund revenues for fiscal year 2003 and to enable the development of a
11 balanced budget for the period July 1, 2003, through June 30, 2004.
12 SECTION 2. Notwithstanding the provisions of Section 67-1611, Idaho Code,
13 there is hereby appropriated, and the State Controller is directed to trans-
14 fer, the sum of one million five hundred thousand dollars ($1,500,000) from
15 the Capitol Endowment Income Fund to the General Fund.
16 SECTION 3. Pursuant to Section 63-3709, Idaho Code, there is hereby
17 appropriated, and the State Controller is directed to transfer, the sum of one
18 million one hundred thousand dollars ($1,100,000) from the Multistate Tax Com-
19 pact Fund to the General Fund.
20 SECTION 4. An emergency existing therefor, which emergency is hereby
21 declared to exist, this act shall be in full force and effect on and after its
22 passage and approval.
| Statement of Purpose |
| RS13351 |
This bill transfers $2.6 Million to the General Fund from two sources of cash reserves to augment General Fund revenues for fiscal year 2003.
Section 2 transfers $1.5 million from the Capitol Endowment Income Fund, which is earnings on Lands and moneys held in trust for the maintenance of the State Capitol building. Since the restoration project has been put on hold indefinitely, this money is sitting idle and could be better used for general fund supported projects.
Section 3 transfers $1.1 million from the Multistate Tax Compact Fund to the General Fund. This transfer is the result of a recommendation by the Legislative Auditor’s Office pursuant to Idaho Code 63-3709.
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| Fiscal Note |
The total increase to the General Fund in Fiscal Year 2003 is $2.6 million, with a corresponding decrease in dedicated funds.
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Contact: Jeff Youtz 334-4743
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note | Bill No. H468 |