2006 Legislation
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HOUSE BILL NO. 511 – Canola/Rapeseed Comm, funds

HOUSE BILL NO. 511

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Bill Status



H0511...............................................by AGRICULTURAL AFFAIRS
CANOLA/RAPESEED COMMISSION - Amends existing law to revise provisions
relating to the disbursement of funds from accounts of the Idaho Canola and
Rapeseed Commission.
                                                                        
01/31    House intro - 1st rdg - to printing
02/01    Rpt prt - to Agric Aff

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   Second Regular Session - 2006
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 511
                                                                        
                             BY AGRICULTURAL AFFAIRS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO  THE  IDAHO  CANOLA  AND  RAPESEED  COMMISSION;  AMENDING  SECTION
  3        22-4720,  IDAHO CODE, TO REVISE PROVISIONS RELATING TO THE DISBURSEMENT OF
  4        FUNDS FROM ACCOUNTS OF THE IDAHO CANOLA AND RAPESEED COMMISSION.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  That Section 22-4720, Idaho Code, be, and the same  is  hereby
  7    amended to read as follows:
                                                                        
  8        22-4720.  DEPOSITS   AND  DISBURSEMENT  OF  FUNDS.  (1)  Immediately  upon
  9    receipt, all moneys received by the commission shall be deposited in  one  (1)
 10    or  more  separate  accounts  in the name of the commission in one (1) or more
 11    banks or trust companies approved under chapter 27, title 67, Idaho  Code,  as
 12    state  depositories.  The commission shall designate the banks or trust compa-
 13    nies. All funds so deposited are hereby continuously appropriated for the pur-
 14    pose of carrying out the provisions of this chapter.
 15        (2)  Funds can be withdrawn or paid out of such accounts only upon  checks
 16    or other orders upon such accounts signed by two (2) an officers designated by
 17    the commission.
 18        (3)  On  or before January 15 of each year, the commission shall file with
 19    the senate agricultural affairs committee, the house agricultural affairs com-
 20    mittee, the legislative council, the state controller,  and  the  division  of
 21    financial management, a report showing the annual income and expenses by stan-
 22    dard  classification  of  the commission during the preceding fiscal year. The
 23    report shall also include an estimate of income to the commission for the cur-
 24    rent and next fiscal year. From and after January 15, 1999, the  report  shall
 25    also  include  a reconciliation between the estimated income and expenses pro-
 26    jected and the actual income and expenses of the preceding fiscal year.
 27        (4)  All moneys received or expended by the commission  shall  be  audited
 28    every second year, but shall address each year separately, by a certified pub-
 29    lic  accountant  designated by the commission, who shall furnish a copy of the
 30    audit to the director of legislative services and to the  senate  agricultural
 31    affairs  committee  and  the  house  agricultural affairs committee. The audit
 32    shall be completed within ninety (90) days following the close of  the  fiscal
 33    year.  The  right  is reserved to the state of Idaho to audit the funds of the
 34    commission at any time.
 35        (5)  The expenditures of the commission are expressly  exempted  from  the
 36    provisions of sections 67-2007 and 67-2008, Idaho Code.

Statement of Purpose / Fiscal Impact



                       STATEMENT OF PURPOSE

                             RS 15758

Legislative auditors have indicated that it is no longer
necessary for small commodity commissions to require two (2)
signatures on checking accounts.  These accounts are audited
every two years with the state reserving the right to audit the
funds at any time.  The audits will address each year separately. 
In some instances, members of the commissions are some distance
apart and it is difficult to obtain two (2) signatures.



                           FISCAL NOTE

There is no impact to the general fund.




Contact
Name:  Rep. Darrell Bolz 
Phone: (208) 332-1000


STATEMENT OF PURPOSE/FISCAL NOTE                          H 511