Bill > H0325

This bill amends two sections of Idaho Code related to the Idaho Housing and Finance Association, primarily focusing on removing outdated language and establishing new requirements for federal grants. In the first section, the bill eliminates obsolete provisions regarding the original appointment terms of the association's commissioners, streamlining the language about commissioner appointments while maintaining the core structure of seven gubernatorial appointments with preferences for those representing low-income individuals and having experience in financial and housing-related fields. The second section modifies the association's borrowing and financial assistance powers by adding a new provision that requires any federal grants received on or after July 1, 2026, to be subject to specific state regulations outlined in chapter 35, title 67 of Idaho Code, which governs the expenditure of federal funds and the recognition of non-cognizable funds. These changes are intended to update and clarify the legal framework governing the Idaho Housing and Finance Association's operations, ensuring more current and precise language in the state's statutes. The bill includes an emergency clause, making it effective on July 1, 2025.

Budget and Finance

Ways and Means Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0325/