2005 Legislation
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SENATE BILL NO. 1162 – Approp, Endowmnt fund distributions

SENATE BILL NO. 1162

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Bill Status



S1162............................................................by FINANCE
APPROPRIATIONS - Appropriating additional moneys and reducing certain
appropriations for fiscal year 2005 to the State Board of Education and the
Board of Regents of the University of Idaho for general education programs
at Boise State University, Idaho State University, Lewis-Clark State
College, the University of Idaho and the Office of the State Board of
Education, the Department of Juvenile Corrections, the Department of
Correction, and the Department of Health and Welfare for the Division of
Family and Community Services; and revising certain transfers by the
Endowment Fund Investment Board.
                                                                        
02/24    Senate intro - 1st rdg - to printing
02/25    Rpt prt - to Fin
    Rpt out - rec d/p - to 2nd rdg
02/28    2nd rdg - to 3rd rdg
03/01    3rd rdg - PASSED - 31-0-4
      AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett,
      Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis,
      Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst,
      Little, Lodge, Malepeai, Marley, McGee, McKenzie, Noble, Schroeder,
      Stegner, Werk, Williams
      NAYS -- None
      Absent and excused -- Pearce, Richardson, Stennett, Sweet
    Floor Sponsor - Cameron
    Title apvd - to House
03/02    House intro - 1st rdg - to 2nd rdg
03/03    2nd rdg - to 3rd rdg
03/04    3rd rdg - PASSED - 68-0-2
      AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer,
      Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Bradford, Cannon,
      Chadderdon, Clark, Collins, Crow, Deal, Denney, Edmunson, Ellsworth,
      Eskridge, Field(18), Field(23), Garrett, Hart, Harwood, Henbest,
      Henderson, Jaquet, Jones, Kemp, Lake, LeFavour, Martinez, Mathews,
      McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen, Nonini,
      Pasley-Stuart, Pence, Raybould, Ring, Ringo, Rusche, Rydalch, Sali,
      Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley, Skippen,
      Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Trail, Wills,
      Wood, Mr. Speaker
      NAYS -- None
      Absent and excused -- Loertscher, Roberts
    Floor Sponsor - Henbest
    Title apvd - to Senate
03/07    To enrol
03/08    Rpt enrol - Pres signed
03/09    Sp signed
03/10    To Governor
03/15    Governor signed
         Session Law Chapter 43
         Effective: 03/15/05

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   First Regular Session - 2005
                                                                        
                                                                        
                                       IN THE SENATE
                                                                        
                                    SENATE BILL NO. 1162
                                                                        
                                    BY FINANCE COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO ENDOWMENT DISTRIBUTIONS; APPROPRIATING ADDITIONAL MONEYS  FOR  THE
  3        GENERAL  EDUCATION PROGRAMS AT BOISE STATE UNIVERSITY, IDAHO STATE UNIVER-
  4        SITY, LEWIS-CLARK STATE COLLEGE, THE UNIVERSITY OF IDAHO AND THE OFFICE OF
  5        THE STATE BOARD OF EDUCATION FOR FISCAL YEAR 2005; REDUCING THE APPROPRIA-
  6        TION FOR THE GENERAL EDUCATION PROGRAMS AT BOISE STATE  UNIVERSITY,  IDAHO
  7        STATE  UNIVERSITY,  LEWIS-CLARK STATE COLLEGE, THE UNIVERSITY OF IDAHO AND
  8        THE OFFICE OF THE STATE BOARD OF EDUCATION FOR FISCAL YEAR 2005; APPROPRI-
  9        ATING ADDITIONAL MONEYS TO THE DEPARTMENT OF JUVENILE CORRECTIONS FOR FIS-
 10        CAL YEAR 2005; REDUCING THE APPROPRIATION TO THE  DEPARTMENT  OF  JUVENILE
 11        CORRECTIONS  FOR  FISCAL YEAR 2005; APPROPRIATING ADDITIONAL MONEYS TO THE
 12        DEPARTMENT OF CORRECTION FOR FISCAL YEAR 2005; REDUCING THE  APPROPRIATION
 13        TO  THE DEPARTMENT OF CORRECTION FOR FISCAL YEAR 2005; APPROPRIATING ADDI-
 14        TIONAL MONEYS TO THE DEPARTMENT OF HEALTH AND WELFARE FOR THE DIVISION  OF
 15        FAMILY AND COMMUNITY SERVICES FOR FISCAL YEAR 2005; REDUCING THE APPROPRI-
 16        ATION  TO  THE DEPARTMENT OF HEALTH AND WELFARE FOR THE DIVISION OF FAMILY
 17        AND COMMUNITY SERVICES FOR FISCAL YEAR 2005; AMENDING SECTION  4,  CHAPTER
 18        195, LAWS OF 2004, TO REVISE LEGISLATIVE INTENT REGARDING TRANSFERS BY THE
 19        ENDOWMENT  FUND  INVESTMENT  BOARD  FOR FISCAL YEAR 2005; AND DECLARING AN
 20        EMERGENCY.
                                                                        
 21    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
 22        SECTION 1.  In addition to the appropriation made in  Section  1,  Chapter
 23    363,  Laws  of 2004, there is hereby appropriated to the State Board of Educa-
 24    tion and the Board of Regents of the University of Idaho for Boise State  Uni-
 25    versity,  Idaho State University, Lewis-Clark State College, the University of
 26    Idaho and the Office of the State Board of Education, the following amounts to
 27    be expended for the designated program from the listed funds  for  the  period
 28    July 1, 2004, through June 30, 2005:
 29    FOR:
 30    General Education Programs                                            $755,700
 31    FROM:
 32    Normal School Endowment Earnings Fund                                 $228,300
 33    University Endowment Fund                                              527,400
 34      TOTAL                                                               $755,700
                                                                        
 35        SECTION  2.  The  appropriation  of moneys to the State Board of Education
 36    and the Board of Regents of the University of Idaho for  Boise  State  Univer-
 37    sity,  Idaho  State  University,  Lewis-Clark State College, the University of
 38    Idaho and the Office of the State Board of Education made in Section 1,  Chap-
 39    ter 363, Laws of 2004, is hereby reduced by the following amounts for the des-
 40    ignated  program  from  the  listed funds for the period July 1, 2004, through
 41    June 30, 2005:
                                                                        
                                       2
                                                                        
  1    FOR:
  2    General Education Programs                                            $755,700
  3    FROM:
  4    Agricultural College Endowment Fund                                   $380,400
  5    Charitable Institutions Endowment Earnings Fund                        375,300
  6      TOTAL                                                               $755,700
                                                                        
  7        SECTION 3.  In addition to the appropriation made in  Section  1,  Chapter
  8    153,  Laws of 2004, there is hereby appropriated to the Department of Juvenile
  9    Corrections the following amount to be expended  for  the  designated  program
 10    according  to the designated expense class from the listed fund for the period
 11    July 1, 2004, through June 30, 2005:
 12    INSTITUTIONS:
 13    FOR:
 14    Operating Expenditures                                                $375,300
 15    FROM:
 16    General Fund                                                          $375,300
                                                                        
 17        SECTION  4.  The  appropriation  to the Department of Juvenile Corrections
 18    made in Section 1, Chapter 153, Laws of 2004, is hereby reduced by the follow-
 19    ing amount for the designated program  according  to  the  designated  expense
 20    class from the listed fund for the period July 1, 2004, through June 30, 2005:
 21    INSTITUTIONS:
 22    FOR:
 23    Operating Expenditures                                                $375,300
 24    FROM:
 25    State Juvenile Corrections Center Fund                                $375,300
                                                                        
 26        SECTION  5.  In  addition  to the appropriation made in Section 1, Chapter
 27    200, Laws of 2004, there is hereby appropriated to the Department  of  Correc-
 28    tion  the following amount to be expended for the designated program according
 29    to the designated expense class from the listed fund for the  period  July  1,
 30    2004, through June 30, 2005:
 31    IDAHO STATE CORRECTIONAL INSTITUTION - BOISE:
 32    FOR:
 33    Operating Expenditures                                                $375,300
 34    FROM:
 35    Penitentiary Endowment Fund                                           $375,300
                                                                        
 36        SECTION 6.  The appropriation to the Department of Correction made in Sec-
 37    tion  1,  Chapter 200, Laws of 2004, is hereby reduced by the following amount
 38    for the designated program according to the designated expense class from  the
 39    listed fund for the period July 1, 2004, through June 30, 2005:
 40    IDAHO STATE CORRECTIONAL INSTITUTION - BOISE:
 41    FOR:
 42    Operating Expenditures                                                $375,300
 43    FROM:
 44    General Fund                                                          $375,300
                                                                        
 45        SECTION  7.  In  addition  to the appropriation made in Section 1, Chapter
 46    368, Laws of 2004, there is hereby appropriated to the  Department  of  Health
 47    and  Welfare  for  the Division of Family and Community Services the following
 48    amounts to be expended for the designated programs according to the designated
 49    expense classes from the listed funds for the period  July  1,  2004,  through
 50    June 30, 2005:
                                                                        
                                       3
                                                                        
  1    I. STATE HOSPITAL NORTH:
  2    FOR:
  3    Operating Expenditures                                                $375,300
  4    FROM:
  5    General Fund                                                          $375,300
  6    II. STATE HOSPITAL SOUTH:
  7    FOR:
  8    Operating Expenditures                                                $375,300
  9    FROM:
 10    Mental Hospital Endowment Fund                                        $375,300
                                                                        
 11        SECTION  8.  The appropriation to the Department of Health and Welfare for
 12    the Division of Family and Community Services made in Section 1, Chapter  368,
 13    Laws  of  2004,  is hereby reduced by the following amounts for the designated
 14    program according to the designated expense class from the listed fund for the
 15    period July 1, 2004, through June 30, 2005:
 16    I. STATE HOSPITAL NORTH:
 17    FOR:
 18    Operating Expenditures                                                $375,300
 19    FROM:
 20    State Hospital North Endowment Income Fund                            $375,300
 21    II. STATE HOSPITAL SOUTH:
 22    FOR:
 23    Operating Expenditures                                                $375,300
 24    FROM:
 25    General Fund                                                          $375,300
                                                                        
 26        SECTION 9.  That Section 4, Chapter 195, Laws of 2004, is  hereby  amended
 27    to read as follows:
                                                                        
 28        SECTION 4.  It is legislative intent that for fiscal year 2005, the Endow-
 29    ment  Fund  Investment  Board  transfer  $37,676,200  $37,394,710  as follows:
 30    $22,957,800 from the Public School Earnings Reserve Fund to the Public  School
 31    Income  Fund; $760,800 $380,400 from the Agricultural College Earnings Reserve
 32    Fund to the Agricultural College Income Fund; $2,814,900 $1,407,450  from  the
 33    Charitable  Institutions  Earnings Reserve Fund to the Charitable Institutions
 34    Income Fund; $2,741,300 $2,969,624  from the Normal  School  Earnings  Reserve
 35    Fund to the Normal School Income Fund; $1,134,200 $1,509,520 from the Peniten-
 36    tiary  Earnings  Reserve Fund to the Penitentiary Income Fund; $3,136,900 from
 37    the Scientific School Earnings Reserve Fund to the  Scientific  School  Income
 38    Fund;  $1,499,400 $1,874,720 from the Mental Hospital Earnings Reserve Fund to
 39    the Mental Hospital Income Fund; and $2,630,900 $3,158,296 from the University
 40    Earnings Reserve Fund to the University Income Fund.
                                                                        
 41        SECTION 10.  An emergency existing therefor,  which  emergency  is  hereby
 42    declared to exist, this act shall be in full force and effect on and after its
 43    passage and approval.

Statement of Purpose / Fiscal Impact


Statement of Purpose
RS15012C1

The Endowment Fund Investment Board suspended distributions to the Agricultural College and the Charitable Institutions on January 5, 2005. As a result, those institutions will receive only half of the cash transfers anticipated for fiscal year 2005, amounting to $380,400 for the Agricultural College and $1,407,450 for the Charitable Institutions for a total impact of $1,787,850. Two of the entities affected by the suspension, Veteran’s Services and the School for the Deaf and the Blind, indicated they would be able to absorb the loss of funds in FY 2005 amounting to $281,490. This legislation reallocates endowment funds and General Fund support to eliminate the impacts on the remaining programs.

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Fiscal Note

This fiscal year 2005 supplemental appropriation has no net impact on the General Fund. It increases spending authority in the healthier endowments by $1,506,300 and reduces spending authority in the less healthy endowments by the same amount. It then decreases General Fund support for those programs where the endowment spending authority was increased and increases General Fund support for those programs whose endowment spending authority was decreased.

.

Endowment Change in
FY 2005
General Fund
Change in
FY 2005
Endowment Fund
Endowment Appropriation Appropriation
Agricultural College $380,400 ($380,400)
Charitable Institutions – Idaho State University $375,300 ($375,300)
Normal School – ISU and Lewis Clark State College ($228,300) $228,300
University of Idaho ($527,400) $527,400
Charitable Institutions – Juvenile Corrections $375,300 ($375,300)
Penitentiary ($375,300) $375,300
Charitable Institutions – State Hospital North $375,300 ($375,300)
Mental Hospital (State Hopital South) ($375,300) $375,300
Totals $0 $0

Contact: Ray Houston 334-4741

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. S1162