S1216............................................................by FINANCE APPROPRIATIONS - AGRICULTURE DEPARTMENT - Appropriates an additional $147,200 to the Department of Agriculture for fiscal year 2004. 01/21 Senate intro - 1st rdg - to printing 01/22 Rpt prt - to Fin Rpt out - rec d/p - to 2nd rdg 01/23 2nd rdg - to 3rd rdg 01/28 3rd rdg - PASSED - 32-0-3 AYES -- Andreason, Bailey, Bunderson, Burkett, Burtenshaw, Calabretta, Cameron, Compton, Darrington, Davis, Geddes, Goedde, Hill, Ingram, Kennedy, Keough, Little(Bilbao), Lodge, Malepeai, Marley, McKenzie, McWilliams, Noble, Pearce, Richardson, Schroeder, Sorensen, Stegner, Stennett, Sweet, Werk(Spindler), Williams NAYS -- None Absent and excused -- Brandt, Gannon, Noh Floor Sponsor - Calabretta Title apvd - to House 01/29 House intro - 1st rdg - to 2nd rdg 01/30 2nd rdg - to 3rd rdg 02/02 3rd rdg - PASSED - 68-0-2 AYES -- Andersen, Barraclough, Barrett, Bauer, Bayer, Bedke, Bell, Black, 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, Pasley-Stuart, Raybould, Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali, Sayler, Shepherd, Shirley, Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- None Absent and excused -- Block, Schaefer Floor Sponsor - Field(23) Title apvd - to Senate 02/03 To enrol 02/04 Rpt enrol - Pres signed 02/05 Sp signed 02/06 To Governor 02/12 Governor signed Session Law Chapter 5 Effective: 02/12/04
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-seventh Legislature Second Regular Session - 2004 IN THE SENATE SENATE BILL NO. 1216 BY FINANCE COMMITTEE 1 AN ACT 2 APPROPRIATING ADDITIONAL MONEYS TO THE DEPARTMENT OF AGRICULTURE FOR FISCAL 3 YEAR 2004; AND DECLARING AN EMERGENCY. 4 Be It Enacted by the Legislature of the State of Idaho: 5 SECTION 1. In addition to the appropriation made in Section 1, Chapter 6 355, Laws of 2003, there is hereby appropriated to the Department of Agricul- 7 ture the following amount to be expended for the designated program according 8 to the designated expense class from the listed fund for the period July 1, 9 2003, through June 30, 2004: 10 ADMINISTRATION: 11 FOR: 12 Trustee and Benefit Payments $147,200 13 FROM: 14 General Fund $147,200 15 SECTION 2. An emergency existing therefor, which emergency is hereby 16 declared to exist, this act shall be in full force and effect on and after its 17 passage and approval.
|Statement of Purpose|
This is a fiscal year 2004 supplemental appropriation to the Department of Agriculture in the amount of $147,200 from the General Fund. The Department received a federal grant for Specialty Crop Assistance in the fall of 2001. The grant funds were received in advance and deposited into the state treasury until disbursed. The interest was credited to the General Fund. However, the federal grant required that all interest on advances be reimbursed to the Commodity Credit Corporation (CCC). ISDA has since set up a special fund to accrue interest for repayment to the CCC; however, monies are provided to reimburse the federal agency for interest accrued before July 1, 2003. The original grant was $4.2 million and does not expire until FY 2005.
This legislation appropriates $147,200 to the Department of Agriculture from the General Fund. The monies are to be used to repay interest to the Commodity Credit Corporation. The amount is based on the ending quarterly balances remaining from the Specialty Crop Grant and State Treasurer’s average quarterly interest rates from December 2001 through June 2003.
Contact: Ray Houston 334-4741
Legislative Services Office, Budget & Policy Analysis
|Statement of Purpose/Fiscal Note||Bill No. S1216|