View Bill Status
View Bill Text
View Amendment
View Engrossed Bill (Original Bill with Amendment(s) Incorporated)
View Statement of Purpose / Fiscal Impact
H0253aaS...................................................by STATE AFFAIRS
BOND BANK AUTHORITY - Adds to existing law relating to the Idaho Bond Bank
Authority to create the Idaho Bond Bank Administrative Fund; and to provide
for deposits to the fund, appropriations from the fund and uses of the
fund.
03/01 House intro - 1st rdg - to printing
03/02 Rpt prt - to St Aff
03/05 Rpt out - rec d/p - to 2nd rdg
03/06 2nd rdg - to 3rd rdg
03/07 3rd rdg - PASSED - 68-1-1
AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
Block, Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew,
Clark, Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart,
Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador, Lake,
LeFavour, Loertscher, Luker, Marriott, Mathews, McGeachin, Mortimer,
Moyle, Nielsen, Nonini, Pasley-Stuart, Patrick, Pence, Ring, Ringo,
Roberts, Ruchti, Rusche, Sayler, Schaefer, Shepherd(2), Shepherd(8),
Shirley, Shively, Smith(30), Smith(24), Snodgrass, Stevenson, Thayn,
Trail, Vander Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS -- Harwood
Absent and excused -- Raybould
Floor Sponsor - Ring
Title apvd - to Senate
03/08 Senate intro - 1st rdg - to St Aff
03/19 Rpt out - to 14th Ord
03/21 Rpt out amen - to 1st rdg as amen
1st rdg - to 2nd rdg as amen
03/22 2nd rdg - to 3rd rdg as amen
Rls susp - PASSED - 35-0-0
AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
Cameron, Coiner, 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 -- None
Floor Sponsor - McKenzie
Title apvd - to House
03/26 House concurred in Senate amens - to engros
03/27 Rpt engros - 1st rdg - to 2nd rdg as amen
Rls susp - PASSED - 67-1-2
AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
Block, Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew,
Clark, Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart,
Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador, LeFavour,
Loertscher, Luker, Marriott, Mathews, McGeachin, Mortimer, Moyle,
Nielsen, Nonini, Patrick, Pence, Raybould, Ring, Ringo, Roberts,
Ruchti, Rusche, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley,
Shively, Smith(30), Smith(24), Snodgrass, Stevenson, Thayn, Trail,
Vander Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS -- Harwood
Absent and excused -- Lake, Pasley-Stuart
Floor Sponsor - Ring
Title apvd - to enrol - Rpt enrol - Sp signed
03/28 Pres signed - To Governor
04/02 Governor signed
Session Law Chapter 342
Effective: 07/01/07
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 253
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO THE IDAHO BOND BANK AUTHORITY; AMENDING CHAPTER 87, TITLE 67,
3 IDAHO CODE, BY THE ADDITION OF A NEW SECTION 67-8729, IDAHO CODE, TO CRE-
4 ATE THE IDAHO BOND BANK ADMINISTRATIVE FUND AND TO PROVIDE FOR DEPOSITS TO
5 THE FUND, APPROPRIATIONS FROM THE FUND AND USES OF THE FUND.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Chapter 87, Title 67, Idaho Code, be, and the same is
8 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
9 ignated as Section 67-8729, Idaho Code, and to read as follows:
10 67-8729. IDAHO BOND BANK ADMINISTRATIVE FUND. (1) There is hereby cre-
11 ated in the state treasury the "Idaho Bond Bank Administrative Fund" to which
12 shall be credited:
13 (a) Fees collected from municipalities or other potential sellers of
14 municipal bonds in connection with application for and receipt of financ-
15 ing under this chapter, and interest and other charges on or in connection
16 with municipal bonds purchased as it may deem necessary or appropriate to
17 cover all costs and expenses of the authority and its operations;
18 (b) Fees and charges collected to cover costs associated with the powers
19 and duties of the authority as required in section 67-8705, Idaho Code;
20 (c) Interest earned on the investment of idle moneys in the fund, which
21 shall be paid to the fund; and
22 (d) All other moneys as may be provided by law.
23 (2) Moneys in the fund shall be continuously appropriated to the trea-
24 surer of the state of Idaho, and any moneys remaining in the fund at the end
25 of each fiscal year shall not be appropriated to any other fund.
26 (3) Moneys in the fund shall only be used to effect the purposes of chap-
27 ter 87, title 67, Idaho Code, pursuant to the provisions as prescribed
28 therein; provided however, the office of the state treasurer is authorized to
29 retain a portion of the moneys not to exceed ten percent (10%) of the fund's
30 annual revenues to defray costs associated with the implementation, adminis-
31 tration and oversight of the Idaho bond bank authority.
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
Moved by Little
Seconded by Davis
IN THE SENATE
SENATE AMENDMENT TO H.B. NO. 253
1 AMENDMENTS TO SECTION 1
2 On page 1 of the printed bill, in line 28, delete "office of the state
3 treasurer" and insert: "Idaho bond bank administrative fund"; and in line 29,
4 delete "ten percent (10%)" and insert: "one-half of one percent (0.5%)".
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 253, As Amended in the Senate
BY STATE AFFAIRS COMMITTEE
1 AN ACT
2 RELATING TO THE IDAHO BOND BANK AUTHORITY; AMENDING CHAPTER 87, TITLE 67,
3 IDAHO CODE, BY THE ADDITION OF A NEW SECTION 67-8729, IDAHO CODE, TO CRE-
4 ATE THE IDAHO BOND BANK ADMINISTRATIVE FUND AND TO PROVIDE FOR DEPOSITS TO
5 THE FUND, APPROPRIATIONS FROM THE FUND AND USES OF THE FUND.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Chapter 87, Title 67, Idaho Code, be, and the same is
8 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
9 ignated as Section 67-8729, Idaho Code, and to read as follows:
10 67-8729. IDAHO BOND BANK ADMINISTRATIVE FUND. (1) There is hereby cre-
11 ated in the state treasury the "Idaho Bond Bank Administrative Fund" to which
12 shall be credited:
13 (a) Fees collected from municipalities or other potential sellers of
14 municipal bonds in connection with application for and receipt of financ-
15 ing under this chapter, and interest and other charges on or in connection
16 with municipal bonds purchased as it may deem necessary or appropriate to
17 cover all costs and expenses of the authority and its operations;
18 (b) Fees and charges collected to cover costs associated with the powers
19 and duties of the authority as required in section 67-8705, Idaho Code;
20 (c) Interest earned on the investment of idle moneys in the fund, which
21 shall be paid to the fund; and
22 (d) All other moneys as may be provided by law.
23 (2) Moneys in the fund shall be continuously appropriated to the trea-
24 surer of the state of Idaho, and any moneys remaining in the fund at the end
25 of each fiscal year shall not be appropriated to any other fund.
26 (3) Moneys in the fund shall only be used to effect the purposes of chap-
27 ter 87, title 67, Idaho Code, pursuant to the provisions as prescribed
28 therein; provided however, the Idaho bond bank administrative fund is autho-
29 rized to retain a portion of the moneys not to exceed one-half of one percent
30 (0.5%) of the fund's annual revenues to defray costs associated with the
31 implementation, administration and oversight of the Idaho bond bank authority.
STATEMENT OF PURPOSE
RS 16877
This legislation amends Chapter 87, Title 67 of the Idaho Code by
proposing the creation of an Idaho Bond Bank fund in the state
treasury. Administrative fees and service charges can be
collected and deposited to the fund. Monies in the fund will be
continuously appropriated.
FISCAL NOTE
There is no fiscal impact to the General Fund.
Contact
Name: Ron Crane
Idaho State Treasurer's Office
Phone: 334-3200
STATEMENT OF PURPOSE/FISCAL NOTE H 253