Print Friendly HOUSE BILL NO. 86 – Millennium Fund transfer, vote reqd
HOUSE BILL NO. 86
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H0086......................................................by STATE AFFAIRS
IDAHO MILLENNIUM FUND - Adds to existing law relating to the Idaho
Millennium Fund to require approval by a two-thirds majority of the House
of Representatives and the Senate to appropriate or transfer money from the
Idaho Millennium Fund.
02/01 House intro - 1st rdg - to printing
02/02 Rpt prt - to St Aff
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature First Regular Session - 2005
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 86
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO THE IDAHO MILLENNIUM FUND; AMENDING CHAPTER 18, TITLE 67, IDAHO
3 CODE, BY THE ADDITION OF A NEW SECTION 67-1807, IDAHO CODE, TO REQUIRE
4 APPROVAL BY A TWO-THIRDS MAJORITY OF THE HOUSE OF REPRESENTATIVES AND THE
5 SENATE TO APPROPRIATE OR TRANSFER MONEY FROM THE IDAHO MILLENNIUM FUND.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Chapter 18, Title 67, Idaho Code, be, and the same is
8 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
9 ignated as Section 67-1807, Idaho Code, and to read as follows:
10 67-1807. SUPERMAJORITY VOTE REQUIRED. Except as provided in section
11 67-1803, Idaho Code, no moneys may be appropriated or transferred from the
12 Idaho millennium fund without the approval of a two-thirds (2/3) majority vote
13 by both the house of representatives and senate.
STATEMENT OF PURPOSE
Current law provides a statutory formula for an annual transfer
of moneys from the Idaho Millennium Fund to the Idaho Millennium
Income Fund. The Joint Millennium Fund Committee provides
recommendations annually on the use of these moneys in the Income
Fund. Except as provided under this provision of current law,
this legislation would require a two-thirds majority vote of the
Senate and House of Representatives to appropriate or transfer
moneys from the Idaho Millennium Fund.
Name: Representative Jim Clark
STATEMENT OF PURPOSE/FISCAL NOTE H 86