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HOUSE BILL NO. 290

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Bill Status

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H0290..........................................................by EDUCATION
FINANCIAL STATEMENTS - Adds to existing law to provide responsibilities of
the Idaho Transportation Department regarding certain financial statements.
                                                                        
03/02    House intro - 1st rdg - to printing
03/03    Rpt prt - Held at Desk

Bill Text

                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   First Regular Session - 2005
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 290
                                                                        
                                   BY EDUCATION COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO THE STATE CONTROLLER  AND  THE  IDAHO  TRANSPORTATION  DEPARTMENT;
  3        AMENDING  CHAPTER  10, TITLE 67, IDAHO CODE, BY THE ADDITION OF A NEW SEC-
  4        TION 67-1001C, IDAHO CODE, TO PROVIDE RESPONSIBILITIES OF THE IDAHO TRANS-
  5        PORTATION DEPARTMENT  REGARDING CERTAIN FINANCIAL STATEMENTS.
                                                                        
  6    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  7        SECTION 1.  That Chapter 10, 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 67-1001C, Idaho Code, and to read as follows:
                                                                        
 10        67-1001C.  DUTIES OF  IDAHO  TRANSPORTATION  DEPARTMENT.  When  the  Idaho
 11    transportation  department  submits and attests its financial statement to the
 12    state controller so that the state controller can comply with  subsection  (2)
 13    of section 67-1001, Idaho Code, to deliver to the governor and the legislative
 14    services  office  on or before the first day of January, a financial statement
 15    which complies with generally accepted accounting principles, of the funds  of
 16    the  state,  its revenues, and of the public expenditures during the preceding
 17    fiscal year, the department shall cause the statement  to  be  placed  on  its
 18    official website.

Statement of Purpose / Fiscal Impact

                       STATEMENT OF PURPOSE

                             RS 15047

The bill requires the Department of Transportation to publish its
attested financial statement on its official internet website. 
This is to provide for the accuracy of the financial information
submitted to the state controller and to assure that the
effectiveness of the underlying internal control structure is
transparent to the public. 


                           FISCAL NOTE

There is no fiscal impact to the general fund.



Contact
Name:  Rep Russ Mathews 
Phone: 208 206-0860
       208 528 7893




STATEMENT OF PURPOSE/FISCAL NOTE                    H 290