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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 RS 14590 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. FISCAL NOTE None Contact Name: Representative Jim Clark Phone: 332-1000 STATEMENT OF PURPOSE/FISCAL NOTE H 86