TITLE 57

PUBLIC FUNDS IN GENERAL

CHAPTER 8

FUNDS CONSOLIDATION ACT

57-822.  INL settlement fund. (1) There is hereby established in the state treasury a fund, separate and apart from all other public moneys or funds of this state, to be known as the INL settlement fund.

(2)  The fund shall consist of all payments received from the U.S. department of energy, or a successor agency, pursuant to the 1995 court approved settlement between the state of Idaho, the U.S. department of energy and the U.S. navy.

(3)  Moneys in the fund may be expended by the office of the governor, consistent with the terms of the court approved settlement, to mitigate the impacts of the Idaho national laboratory workforce restructuring on the Idaho economy by furthering the creation of sustainable jobs and diversification of the southeastern Idaho economy, and for other purposes mutually acceptable to the governor of the state of Idaho and the U.S. department of energy.

(4)  All moneys placed in the fund are hereby continuously appropriated to the office of the governor for the purposes described in this section.

(5)  Pending use, surplus moneys in the fund shall be invested by the state treasurer in the same manner as provided under section 67-1210, Idaho Code. Interest earned on the investments shall be returned to the fund.

History:

[(57-822) 67-806A, added 1997, ch. 244, sec. 1, p. 708; am. & redesig. 2007, ch. 83, sec. 12, p. 235.]