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--- version:Bill Text
+++ version:(document, no version)
@@ -1,223 +1,190 @@
-LEGISLATURE
+ST
+A
+TEMENT
 OF
-THE
-STATE
-OF
-IDAHO
-Sixty-eighth
-Legislature
-Second
-Regular
-Session
--
+PURPOSE
+RS33864
+/
+H0975
+This
+bill
+directs
+that
+no
+transfer
+from
+the
+Budget
+Stabilization
+Fund
+will
+occur
+if
+the
+fund
+balance
+exceeds
+15%
+of
+General
+Fund
+revenues
+in
+FY
 2026
-IN
-THE
-HOUSE
-OF
-REPRESENTATIVES
-HOUSE
-BILL
-NO.
-975
-BY
-APPROPRIATIONS
-COMMITTEE
-AN
-ACT
-1
-RELATING
-TO
-APPROPRIATIONS;
-LIMITING
-CASH
-TRANSFERS
-FROM
-THE
-BUDGET
-STABI
--
-2
-LIZATION
-FUND
-FOR
+as
+required
+by
+Section
+57-814,
+Idaho
+Code.
 FISCAL
-YEARS
-2026
-AND
-2027;
-AND
-DECLARING
-AN
-EMERGENCY
-3
-AND
-PROVIDING
-AN
-EFFECTIVE
-DATE.
-4
-Be
-It
-Enacted
-by
-the
-Legislature
-of
-the
-State
-of
-Idaho:
-5
-SECTION
-1.
-CASH
-TRANSFERS
-FROM
-THE
-BUDGET
-STABILIZATION
-FUND
-IN
-FIS
--
-6
-CAL
-YEARS
-2026
-AND
-2027.
-Notwithstanding
-the
-provisions
-of
-Section
-57
--
-814,
-7
-Idaho
-Code,
-which
-limits
-the
-allowable
+NOTE
+The
+current
 balance
 in
 the
 Budget
 Stabilization
-8
 Fund
-to
+is
+$880.2
+million.
+This
+balance
+will
+remain
+at
+that
+level
+in
+FY
+2027
+even
+if
+the
+balance
+is
+more
+than
 15%
 of
-total
+FY
+2026
 General
 Fund
-receipts
-for
-the
-fiscal
-year
-just
-ending
-and
-9
-requires
-the
-Office
-of
-the
-State
-Controller
-to
+revenue.
+The
+does
+not
+preclude
+a
 transfer
-excess
-moneys
-in
-the
-10
-Budget
-Stabilization
-Fund
-back
-to
-the
-General
-Fund,
-and
-notwithstanding
-any
-1
-1
-other
-provision
-of
-law
-to
-the
-contrary,
-the
-Office
-of
-the
-State
-Controller
-12
-shall
-not
-transfer
-funds
 from
 the
 Budget
 Stabilization
 Fund
+if
+FY
+2026
+General
+Fund
+revenues
+are
+not
+suf
+ficient
 to
+balance
 the
-General
-13
-Fund
+budget
+in
+accordance
+with
+Section
+57-814A,
+Idaho
+Code.
+Contact:
+Representative
+James
+Petzke
+(208)
+332-1000
+Senator
+Kevin
+Cook
+(208)
+332-1000
+DISCLAIMER:
+This
+statement
+of
+purpose
+and
+fiscal
+note
+ar
+e
+a
+mer
+e
+attachment
+to
+this
+bill
+and
+pr
+epar
+ed
+by
+a
+pr
+oponent
+of
+the
+bill.
+It
+is
+neither
+intended
+as
+an
+expr
+ession
+of
+legislative
+intent
+nor
+intended
 for
+any
+use
+outside
+of
 the
-period
-June
-1,
-2026,
-through
-June
-30,
-2027.
-14
-SECTION
-2.
-An
-emergency
-existing
-therefor,
-which
-emergency
-is
-hereby
-15
-declared
-to
-exist,
-this
-act
-shall
-be
-in
-full
-force
-and
-effect
-on
-and
-after
-16
-June
-1,
-2026.
-17
+legislative
+pr
+ocess,
+including
+judicial
+r
+eview
+(Joint
+Rule
+18).
+Statement
+of
+Purpose
+/
+Fiscal
+Note
+Bill
+SOP/FN
+INTRODUCED:
+04/01/2026,
+2:42
+PM