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H0608......................................................by STATE AFFAIRS STATE TREASURER - WARRANTS - Amends existing law to provide that the State Treasurer must pay warrants on any of the several funds in his office as prescribed by law, provided that the State Treasurer and his employees reserve the right to deny the cashing of warrants in the Treasurer's office that total more than two thousand dollars; and to provide that any or all warrants totaling more than two thousand dollars must be cashed or deposited at another financial institution. 02/03 House intro - 1st rdg - to printing 02/04 Rpt prt - to St Aff 02/11 Rpt out - rec d/p - to 2nd rdg 02/12 2nd rdg - to 3rd rdg 02/18 3rd rdg - PASSED - 64-0-6 AYES -- Andersen, Barraclough, Barrett, Bauer, Bayer, Bedke, Bell, Black, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins, Crow, Deal, Denney, Douglas, Eberle, Ellsworth, Eskridge, Field(18), Field(23), Gagner, Garrett, Harwood, Henbest, Jaquet, Jones, Kellogg(Nonini), Kulczyk, Lake, Langford, Langhorst, Martinez, McGeachin, McKague, Meyer, Miller, Moyle, Naccarato, Pasley-Stuart, Raybould, Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali, Sayler, Schaefer, Shepherd, Shirley, Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail, Wood, Mr. Speaker NAYS -- None Absent and excused -- Block, Cuddy, Edmunson, Mitchell, Nielsen, Wills Floor Sponsor - Deal Title apvd - to Senate 02/19 Senate intro - 1st rdg - to St Aff 03/02 Rpt out - rec d/p - to 2nd rdg 03/03 2nd rdg - to 3rd rdg 03/15 3rd rdg - PASSED - 27-0-8 AYES -- Andreason, Bailey, Bunderson, Burtenshaw, Calabretta, Compton, Darrington, Gannon, Geddes, Goedde, Hill, Ingram, Kennedy, Keough, Little, Lodge, Malepeai, Marley, McKenzie, McWilliams, Pearce, Richardson, Schroeder, Sorensen, Stegner, Sweet, Werk NAYS -- None Absent and excused -- Brandt, Burkett, Cameron, Davis, Noble, Noh, Stennett, Williams Floor Sponsor - Darrington Title apvd - to House 03/16 To enrol 03/17 Rpt enrol - Sp signed 03/18 Pres signed - To Governor 03/23 Governor signed Session Law Chapter 171 Effective: 03/23/04
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-seventh Legislature Second Regular Session - 2004IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 608 BY STATE AFFAIRS COMMITTEE 1 AN ACT 2 RELATING TO THE STATE TREASURER; AMENDING SECTION 67-1211, IDAHO CODE, TO PRO- 3 VIDE THAT THE STATE TREASURER MUST PAY WARRANTS ON ANY OF THE SEVERAL 4 FUNDS IN HIS OFFICE AS PRESCRIBED BY LAW PROVIDED THAT THE STATE TREASURER 5 AND HIS EMPLOYEES RESERVE THE RIGHT TO DENY THE CASHING OF WARRANTS IN THE 6 TREASURER'S OFFICE THAT TOTAL MORE THAN TWO THOUSAND DOLLARS AND TO PRO- 7 VIDE THAT ANY OR ALL WARRANTS TOTALING MORE THAN TWO THOUSAND DOLLARS, 8 MUST BE CASHED OR DEPOSITED AT ANOTHER FINANCIAL INSTITUTION; AND DECLAR- 9 ING AN EMERGENCY. 10 Be It Enacted by the Legislature of the State of Idaho: 11 SECTION 1. That Section 67-1211, Idaho Code, be, and the same is hereby 12 amended to read as follows: 13 67-1211. PAYMENT OF WARRANTS. The state treasurer must pay warrants on 14 any of the several funds in his office as prescribed by law, provided that the 15 state treasurer and his employees reserve the right to deny the cashing of 16 warrants in the treasurer's office that total more than two thousand dollars 17 ($2,000). Any or all warrants totaling more than two thousand dollars 18 ($2,000), must be cashed or deposited at another financial institution. 19 SECTION 2. An emergency existing therefor, which emergency is hereby 20 declared to exist, this act shall be in full force and effect on and after its 21 passage and approval.
STATEMENT OF PURPOSE RS 13856 The primary purpose of this bill is to limit the dollar volume of warrants that are cashed in the physical location of the Treasurer's Office and to encourage the public to deposit warrants at a financial institution. This will help to lower the risk to the State Treasurer's Office of attempted fraudulent activity in the form of income tax evasion and counterfeit warrants. FISCAL IMPACT There is no fiscal impact to the State of Idaho General Fund. Contact Name: Ron Crane, State Treasurer's Office Phone: 208/334-3200 STATEMENT OF PURPOSE/FISCAL NOTE H 608