Repeals existing law to remove obsolete provisions relating to securities lending agreements.
STATE TREASURER -- Repeals existing law to remove obsolete provisions relating to securities lending agreements.
STATEMENT OF PURPOSE
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To ensure that state laws are streamlined, up-to-date, and essential for the citizens of Idaho, while best serving public health, safety, and welfare, the Legislature approved the Idaho Code Cleanup Act, H14 in the 2025 Legislative session. Submitted sections of Idaho Code were reviewed for repeal consideration by the DOGE Task Force on the criteria of obsolete, outdated, and unnecessary. This bill repeals Section 67-1210B, Idaho Code, that limited to the state's ability to invest in securities lending agreements. Securities lending was officially terminated in December 2015.
BILL TEXT
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LEGISLATURE OF THE STATE OF IDAHO Sixty-eighth Legislature Second Regular Session - 2026 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 798 BY STATE AFFAIRS COMMITTEE AN ACT 1 RELATING TO STATE TREASURER SECURITIES LENDING AGREEMENTS; PROVIDING LEG- 2 ISLATIVE INTENT; REPEALING SECTION 67-1210B, IDAHO CODE, RELATING TO 3 THE ABILITY TO CONTINUE TO INVEST; AND DECLARING AN EMERGENCY AND PRO- 4 VIDING AN EFFECTIVE DATE. 5 Be It Enacted by the Legislature of the State of Idaho: 6 SECTION 1. IDAHO CODE CLEANUP -- LEGISLATIVE INTENT. It is the intent 7 of the Legislature to ensure that the state laws provided in Idaho Code are 8 streamlined, up-to-date, and essential for the citizens of Idaho, while best 9 serving the public health, safety, and welfare. In accordance with the Idaho 10 Code Cleanup Act, following comprehensive review, the Legislature has iden- 11 tified the provisions of this act as obsolete, outdated, or unnecessary. 12 SECTION 2. That Section 67-1210B, Idaho Code, be, and the same is hereby 13 repealed. 14 SECTION 3. 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 July 1, 2026. 17 -- 1 of 1 --
LATEST ACTION
Introduced, read first time, referred to JRA for Printing
BILL INFO
- Session
- 2026
- Chamber
- house
- Status date
- Feb 27, 2026