2006 Legislation
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SENATE BILL NO. 1499 – Approp, Commerce&Labor Dept, add’l

SENATE BILL NO. 1499

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Bill Status



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

Bill Text


                                                                        
                                                                        
  ]]]]              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 / Fiscal Impact


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