Amends existing law to provide for the deposit of moneys collected from the federal government pursuant to the Federal Power Act.
ENERGY AND MINERALS -- Amends existing law to provide for the deposit of moneys collected from the federal government pursuant to the Federal Power Act.
STATEMENT OF PURPOSE
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Like moneys received from the federal government pursuant to Payments in Lieu of Taxes (PILT) Act, Chapter 69, Title 31 U.S. Code, the state receives moneys from the Federal Energy Regulatory Commission for the use of federal land by FERC licensees pursuant to the Federal Power Act, Chapter 12, Title 16 U.S. Code. The purpose of this legislation is to update Idaho Code so that the receipt of such moneys are remitted in a manner consistent with similar receipts arising from the sale, royalties, bonuses or rental of energy resources on federal lands.
FISCAL NOTE
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These funds are not factored into the general fund base or revenue forecasts, no increased appropriation is necessary and there is no decreased revenues, so there is no impact on the state’s General fund or any dedicated or federal fund. The legislation will not change any existing programs or cause any new implementation expenditures.
SOP revised: 01/24/2025, 8:38 AM
HOW THEY VOTED
Senate Third Reading
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YEA (35)
NAY (0)
House Third Reading
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YEA (63)
NAY (0)
ABSENT / NOT VOTING (7)
LATEST ACTION
Session Law Chapter 161 Effective: 07/01/2025
BILL INFO
- Session
- 2025
- Chamber
- senate
- Status date
- Mar 24, 2025
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