H0874.....................................................by APPROPRIATIONS APPROPRIATIONS - Directing the transfer of funds; and appropriating an additional $5,000,000 to the Department of Commerce and Labor for fiscal years 2007 and 2008 for short line rail or intermodal freight shipping infrastructure. 04/04 House intro - 1st rdg - to printing Rpt prt - to 2nd rdg 04/05 2nd rdg - to 3rd rdg Rls susp - PASSED - 61-1-8 AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer, Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Brackett, Bradford, Chadderdon, Collins, Crow, Deal, Denney, Edmunson, Ellsworth, Eskridge, Field(18), Field(23), Garrett, Hart, Harwood, Henderson, Jaquet, Kemp, LeFavour, Loertscher, Martinez, Mathews, McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Rusche, Rydalch, Sayler, Schaefer, Shepherd(8), Shirley, Skippen, Smith(30), Smylie, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- Sali Absent and excused -- Cannon, Clark, Henbest, Lake, Roberts, Shepherd(2), Smith(24), Snodgrass Floor Sponsor - Bedke Title apvd - to Senate 04/05 Senate intro - 1st rdg - to Fin 04/06 Rpt out - w/o rec - to 2nd rdg Rls susp - PASSED - 25-7-3 AYES -- Andreason, Brandt, Broadsword, Bunderson, Burtenshaw, Cameron, Coiner, Compton, Darrington, Davis, Gannon, Geddes, Goedde, Jorgenson, Keough, Langhorst, Lodge, Marley, McGee, McKenzie, Richardson, Schroeder, Stegner, Sweet, Williams NAYS -- Burkett, Corder, Hill, Kelly, Malepeai, Pearce, Werk Absent and excused -- Fulcher, Little, Stennett Floor Sponsor - Cameron Title apvd - to House 04/07 To enrol - Rpt enrol - Sp signed 04/10 Pres signed - To Governor 04/14 Governor signed Session Law Chapter 459 Effective: 07/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature Second Regular Session - 2006 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 874 BY APPROPRIATIONS COMMITTEE 1 AN ACT 2 DIRECTING THE STATE CONTROLLER TO TRANSFER MONEYS FROM THE GENERAL FUND TO THE 3 ECONOMIC RECOVERY RESERVE FUND; DIRECTING THE STATE CONTROLLER TO TRANSFER 4 MONEYS FROM THE ECONOMIC RECOVERY RESERVE FUND TO THE RURAL ECONOMIC 5 DEVELOPMENT AND INTEGRATED FREIGHT TRANSPORTATION REVOLVING LOAN 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 $5,000,000 from the General Fund to the 11 Economic Recovery Reserve Fund. 12 SECTION 2. On July 1, 2006, or as soon thereafter as possible, the State 13 Controller shall transfer $5,000,000 from the Economic Recovery Reserve Fund 14 to the Rural Economic Development and Integrated Freight Transportation 15 Revolving Loan Fund. 16 SECTION 3. In addition to any other appropriation provided by law, there 17 is hereby appropriated to the Idaho Department of Commerce and Labor 18 $5,000,000 from the Rural Economic Development and Integrated Freight Trans- 19 portation Revolving Loan Fund for the period July 1, 2006, through June 30, 20 2008. Such moneys shall be used for revolving loans to upgrade, expand, reha- 21 bilitate, purchase or modernize equipment and facilities for short line rail 22 or intermodal freight shipping infrastructure.
|Statement of Purpose|
This bill provides $5,000,000 from the Economic Recovery Reserve Fund to the Department of Commerce and Labor for the Rural Economic Development and Integrated Freight Transportation Revolving Loan fund. This fund shall be used to provide revolving loans to upgrade, expand, rehabilitate, purchase or modernize equipment and facilities for short line rail or intermodal freight shipping infrastructure.
This is a fiscal year 2007 appropriation providing $5,000,000 in dedicated funds to the Department of Commerce and Labor for a new Rural Economic Development and Integrated Freight Transportation Revolving Loan Fund.
Contact: Eric Milstead 334-4746
Legislative Services Office, Budget & Policy Analysis
|Statement of Purpose/Fiscal Note||Bill No. H874|