Bill > H0129

This bill amends Section 58-133 of Idaho Code to extend the time that proceeds from state endowment land sales can be held in the land bank fund from five to ten years. The land bank fund is a special account in the state treasury used to temporarily hold money from land sales while the state seeks to purchase replacement lands for specific endowment beneficiaries. Currently, if proceeds are not used to purchase new land within five years, they must be deposited into the respective endowment's permanent fund. The bill changes this timeline to ten years, giving the state board of land commissioners more flexibility in acquiring replacement lands. This extension allows more time for strategic land acquisitions that benefit the endowment, such as for forestry, recreation, or watershed protection. The bill includes an emergency clause, meaning it will go into effect on July 1, 2025, immediately after passage. The goal appears to be providing state land managers with additional time to make careful, beneficial land exchange decisions.

Agriculture and Natural Resources

Resources and Conservation Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0129/