2007 Legislation
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HOUSE BILL NO. 61 – Bond bank authority, admin expenses

HOUSE BILL NO. 61

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Bill Status



H0061......................................................by STATE AFFAIRS
BOND BANK AUTHORITY - Amends existing law relating to the Idaho Bond Bank
Authority to provide that administrative expenses may also be paid from
moneys appropriated to the State Treasurer from the General Fund for
operating expenditures.
                                                                        
01/25    House intro - 1st rdg - to printing
01/26    Rpt prt - to St Aff
01/30    Rpt out - rec d/p - to 2nd rdg
01/31    2nd rdg - to 3rd rdg
02/01    3rd rdg - PASSED - 66-0-4
      AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
      Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew, Clark,
      Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart, Harwood,
      Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador, Lake,
      LeFavour, Loertscher, Luker, Marriott, Mathews, McGeachin, Mortimer,
      Moyle, Nielsen, Nonini, Pasley-Stuart, Patrick, Pence, Raybould,
      Ring, Ringo, Ruchti, Rusche, Sayler, Schaefer, Shepherd(2), Shirley,
      Shively, Smith(30), Smith(24), Snodgrass, Stevenson, Trail, Vander
      Woude, Wills, Wood(27), Wood(35), Mr. Speaker
      NAYS -- None
      Absent and excused -- Block, Roberts, Shepherd(8), Thayn
    Floor Sponsor - Labrador
    Title apvd - to Senate
02/02    Senate intro - 1st rdg - to St Aff
02/16    Rpt out - rec d/p - to 2nd rdg
02/19    2nd rdg - to 3rd rdg
03/01    3rd rdg - PASSED - 34-0-1
      AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
      Cameron, Corder, Darrington, Davis, Fulcher, Gannon, Geddes, Goedde,
      Hammond, Heinrich, Hill, Jorgenson, Kelly, Keough, Langhorst, Little,
      Lodge, Malepeai, McGee, McKague, McKenzie, Pearce, Richardson,
      Schroeder, Siddoway, Stegner, Stennett, Werk
      NAYS -- None
      Absent and excused -- Coiner
    Floor Sponsor - Little
    Title apvd - to House
03/02    To enrol
03/05    Rpt enrol - Sp signed
03/06    Pres signed
03/07    To Governor
03/12    Governor signed
         Session Law Chapter 55
         Effective: 07/01/07

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-ninth Legislature                   First Regular Session - 2007
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 61
                                                                        
                                 BY STATE AFFAIRS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO ADMINISTRATIVE EXPENSES OF THE IDAHO BOND BANK AUTHORITY; AMENDING
  3        SECTION 67-8720, IDAHO CODE, TO PROVIDE THAT ADMINISTRATIVE  EXPENSES  MAY
  4        ALSO BE PAID FROM MONEYS APPROPRIATED TO THE STATE TREASURER FROM THE GEN-
  5        ERAL FUND FOR OPERATING EXPENDITURES.
                                                                        
  6    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  7        SECTION  1.  That  Section 67-8720, Idaho Code, be, and the same is hereby
  8    amended to read as follows:
                                                                        
  9        67-8720.  EXPENSES OF ADMINISTRATION. All expenses  incurred  in  carrying
 10    out this chapter are payable solely either from revenues or funds appropriated
 11    under this chapter or from moneys appropriated to the state treasurer from the
 12    general  fund  for  operating expenditures. Nothing in this chapter authorizes
 13    the authority to incur an indebtedness or a liability on behalf of or  payable
 14    by the state.

Statement of Purpose / Fiscal Impact


                     STATEMENT OF PURPOSE
                               
                           RS 16659
                               
This legislation allows the State Treasurer to pay expenses
related to the administration of the Idaho Municipal Bond Bank from
the State Treasurer's regular appropriation. Currently expenses can
be paid only from fees generated by the Bond Bank itself; however,
because it is in it's infancy, no revenues have been generated to pay
for these expenses. As the Bond Bank continues to grow, there will be
monies available to pay the expenses.




                          FISCAL NOTE
                               
There is no fiscal impact.






Contact
Name:  Ron Crane, State Treasurer
       State State Treasurer's Office
Phone: 208-334-3200

                                                         
STATEMENT OF PURPOSE/FISCAL NOTE                             H 61