2005 Legislation
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HOUSE BILL NO. 313 – Bond issues/reports/State Treasurer

HOUSE BILL NO. 313

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Bill Status



H0313......................................................by STATE AFFAIRS
BOND ISSUES - Amends existing law to revise information on reports to be
filed with the State Treasurer regarding bond issues.
                                                                        
03/09    House intro - 1st rdg - to printing
03/10    Rpt prt - to St Aff
03/15    Rpt out - rec d/p - to 2nd rdg
03/16    2nd rdg - to 3rd rdg
    Rls susp - PASSED - 66-0-4
      AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer,
      Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Bradford, Cannon,
      Chadderdon, Clark, Collins, Crow, Deal, Denney, Ellsworth, Eskridge,
      Field(18), Field(23), Garrett, Hart(Jacobson), Harwood, Henbest,
      Henderson, Jaquet, Jones, Lake, LeFavour, Loertscher, Martinez,
      Mathews, McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen,
      Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Roberts, Rusche,
      Rydalch, Sali, Sayler, Schaefer, Shepherd(2), Shepherd(8), Skippen,
      Smith(30), Smith(24), Smylie, Stevenson, Trail, Wills, Wood, Mr.
      Speaker
      NAYS -- None
      Absent and excused -- Edmunson, Kemp, Shirley, Snodgrass
    Floor Sponsor - Jones
    Title apvd - to Senate
03/17    Senate intro - 1st rdg - to St Aff
03/25    Rpt out - rec d/p - to 2nd rdg
03/29    2nd rdg - to 3rd rdg
    Rls susp - PASSED - 35-0-0
      AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett,
      Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
      Fulcher, Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough,
      Langhorst, Little, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce,
      Richardson, Schroeder, Stegner, Stennett, Sweet, Werk, Williams
      NAYS -- None
      Absent and excused -- None
    Floor Sponsor - Malepeai
    Title apvd - to House
03/30    To enrol
03/31    Rpt enrol - Sp signed - Pres signed
04/04    To Governor
04/14    Governor signed
         Session Law Chapter 390
         Effective: 07/01/05

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   First Regular Session - 2005
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 313
                                                                        
                                 BY STATE AFFAIRS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO BOND ISSUES BY THE STATE, POLITICAL SUBDIVISIONS AND OTHER  PUBLIC
  3        ENTITIES;  AMENDING  SECTION 67-1222, IDAHO CODE, TO REVISE INFORMATION ON
  4        REPORTS TO BE FILED WITH THE STATE TREASURER REGARDING BOND ISSUES AND  TO
  5        MAKE A TECHNICAL CORRECTION.
                                                                        
  6    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  7        SECTION  1.  That  Section 67-1222, Idaho Code, be, and the same is hereby
  8    amended to read as follows:
                                                                        
  9        67-1222.  REPORTS TO BE FILED -- BOND ISSUES. Any department or agency  of
 10    the  state  of Idaho, political subdivision, municipal corporation, state uni-
 11    versity or college, school or other special district, joint agreement  entity,
 12    public  authority,  public  trust, nonprofit corporation or other organization
 13    authorized by the laws of the state of Idaho to issue bonds  shall  submit  to
 14    the  state  treasurer  a  report as required by this section. The report shall
 15    include, but not be limited to, the following information: the  borrower,  the
 16    amount  of  the  issue, interest  dates including coupon and yield to investor
 17    rate, date of the bonds, maturity schedule including the amount and date,  the
 18    redemption  features,  bond  counsel,  financial  advisor,  the costs to issue
 19    including fees and underwriter's compensation, and a description of the  proj-
 20    ect  to  be  financed.  The state treasurer shall promulgate regulations rules
 21    necessary to implement the provisions of this section.

Statement of Purpose / Fiscal Impact



                       STATEMENT OF PURPOSE

                             RS 15095

The purpose of this bill is to amend the section of Idaho Code
that currently lists the types of debt and bond issue information
that is collected by the State Treasurer from the stated
entities.  This amendment would simplify the reporting process
for the entities and the State Treasurer's Office.


                           FISCAL NOTE

There is no fiscal impact.




Contact
Name:  Ms. Jennifer Hobbs, State Treasurer's Office 
Phone: 208-332-2963


STATEMENT OF PURPOSE/FISCAL NOTE                    H 313