Bill > H0371

This bill provides an additional appropriation (allocation of funds) to the Endowment Fund Investment Board (EFIB) for the fiscal year 2025-2026. Specifically, the bill allocates a total of $86,100 from the Endowment Earnings Administrative Fund, which will be broken down into three expense categories: $80,000 for Personnel Costs, $1,200 for Operating Expenditures, and $4,900 for Capital Outlay (a notable change from previous funding). The bill includes an emergency clause, which means it will go into effect immediately on July 1, 2025, allowing the EFIB to quickly access and utilize these funds for its administrative operations. The emergency declaration suggests that these funds are considered time-sensitive or critically necessary for the board's functioning during the specified fiscal year.

Budget and Finance

Appropriations Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0371/