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S1499............................................................by FINANCE
APPROPRIATIONS - Directing the transfer of funds; creating the Business and
Jobs Development Fund; and appropriating an additional $1,000,000 to the
Department of Commerce and Labor for public costs of recruitment of
companies to Idaho for fiscal years 2007 and 2008.
04/04 Senate intro - 1st rdg - to printing
Rpt prt - to Fin
Rpt out - rec d/p - to 2nd rdg
04/05 Rls susp - PASSED - 25-9-1
AYES -- Andreason, Brandt, Broadsword, Bunderson, Burkett,
Burtenshaw, Cameron, Coiner, Compton, Darrington, Davis, Fulcher,
Gannon, Geddes, Goedde, Hill, Jorgenson, Keough, Malepeai, Marley,
McGee, Richardson, Schroeder, Stennett, Williams
NAYS -- Corder, Kelly, Langhorst, Little, McKenzie, Pearce, Stegner,
Sweet, Werk
Absent and excused -- Lodge
Floor Sponsor - McGee
Title apvd - to House
04/05 House intro - 1st rdg - to 2nd rdg
04/06 2nd rdg - to 3rd rdg
Rls susp - PASSED - 49-16-5
AYES -- Anderson, Barraclough, Bastian, Bedke, Bell, Bilbao, Block,
Boe, Bolz, Brackett, Bradford, Cannon, Chadderdon, Clark, Collins,
Deal, Denney, Edmunson, Ellsworth, Eskridge, Field(18), Field(23),
Garrett, Harwood, Henderson, Jaquet, Kemp, Martinez, Miller,
Mitchell, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould, Ring,
Ringo, Rusche, Rydalch, Sayler, Schaefer, Shirley, Skippen,
Smith(30), Smylie, Snodgrass, Stevenson, Trail, Mr. Speaker
NAYS -- Andrus, Barrett, Bayer, Crow, Hart, Lake, LeFavour,
Loertscher, Mathews, McGeachin, McKague, Moyle, Sali, Shepherd(8),
Smith(24), Wood
Absent and excused -- Black, Henbest, Roberts, Shepherd(2), Wills
Floor Sponsor - Henderson
Title apvd - to Senate
04/06 To enrol - Rpt enrol - Pres signed - Sp signed
04/07 To Governor
04/12 Governor signed
Session Law Chapter 446
Effective: 07/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature Second Regular Session - 2006
IN THE SENATE
SENATE BILL NO. 1499
BY FINANCE COMMITTEE
1 AN ACT
2 DIRECTING THE STATE CONTROLLER TO TRANSFER MONEYS FROM THE GENERAL FUND TO THE
3 ECONOMIC RECOVERY RESERVE FUND; CREATING THE BUSINESS AND JOBS DEVELOPMENT
4 FUND; DIRECTING THE STATE CONTROLLER TO TRANSFER MONEYS FROM THE ECONOMIC
5 RECOVERY RESERVE FUND TO THE BUSINESS AND JOBS DEVELOPMENT FUND; AND
6 APPROPRIATING ADDITIONAL MONEYS TO THE DEPARTMENT OF COMMERCE AND LABOR
7 FOR FISCAL YEAR 2007 THROUGH FISCAL YEAR 2008.
8 Be It Enacted by the Legislature of the State of Idaho:
9 SECTION 1. On July 1, 2006, or as soon thereafter as possible, the State
10 Controller shall transfer the sum of $1,000,000 from the General Fund to the
11 Economic Recovery Reserve Fund.
12 SECTION 2. There is hereby created in the state treasury the Business and
13 Jobs Development Fund which shall retain its own interest earnings.
14 SECTION 3. On July 1, 2006, or as soon thereafter as possible, the State
15 Controller shall transfer $1,000,000 from the Economic Recovery Reserve Fund
16 to the Business and Jobs Development Fund.
17 SECTION 4. In addition to any other appropriation provided by law, there
18 is hereby appropriated to the Idaho Department of Commerce and Labor
19 $1,000,000 from the Business and Jobs Development Fund to be expended for the
20 period July 1, 2006, through June 30, 2008. Such moneys shall be made avail-
21 able at the discretion of the director of the Idaho Department of Commerce and
22 Labor and shall be used for public costs associated with the recruitment of
23 companies to Idaho. The Idaho Department of Commerce and Labor shall promul-
24 gate rules to implement the intent of this section.
| Statement of Purpose |
| RS16334 |
This is a fiscal year 2007 appropriation providing $1,000,000 from the Economic Recovery Reserve Fund to the Department of Commerce and Labor for a new Jobs Development Fund. Moneys from this fund will be made available, at the discretion of the director of the Department of Commerce and Labor and shall be used for public costs associated with the recruitment of companies to Idaho.
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| Fiscal Note |
This is a fiscal year 2007 appropriation providing one million dollars ($1,000,000) from the Economic Recovery Reserve Fund to the Department of Commerce and Labor for a new Jobs Development Fund.
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Contact: Eric Milstead 334-4746
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note | Bill No. S1499 |