SENATE BILL NO. 1581

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Daily Data Tracking History


S1581............................................................by FINANCE
APPROPRIATION - LIQUOR DISPENSARY - Adds to existing law to create the
Liquor Warehouse Fund; to provide for a funds transfer; to appropriate
$2,366,700 to the Office of the Governor for the State Liquor Dispensary
for fiscal year 2003; and to provide that the moneys be used to exercise
the purchase option for the central office and warehouse facility.
                                                                        
03/30    Senate intro - 1st rdg - to printing
03/31    Rpt prt - to Fin
    Rpt out - rec d/p - to 2nd rdg
04/03    2nd rdg - to 3rd rdg
    Rls susp - PASSED - 33-0-2
      AYES--Andreason, Boatright, Bunderson, Burtenshaw, Cameron, Crow,
      Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
      Hawkins, Ingram, Ipsen, Keough, King-Barrutia, McLaughlin, Parry,
      Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
      Stennett, Thorne, Walton, Wheeler, Whitworth, Williams
      NAYS--None
      Absent and excused--Lee, Noh
    Floor Sponsor - Cameron
    Title apvd - to House
04/04    House intro - 1st rdg - to 2nd rdg
    2nd rdg - to 3rd rdg
    Rls susp - PASSED - 49-17-4
      AYES -- Alltus, Barraclough(Barraclough), Bell, Bieter, Black, Boe,
      Bruneel, Campbell, Cheirrett, Crow, Deal, Field(13), Field(20),
      Geddes, Gould, Hadley, Hammond, Hansen(23), Hansen(29), Hornbeck,
      Jaquet, Jones, Kellogg, Kempton, Kendell, Kunz, Lake, Linford, Meyer,
      Montgomery, Moss, Moyle, Pischner, Pomeroy, Reynolds, Ridinger,
      Ringo, Robison, Sali, Sellman, Shepherd, Smylie, Stevenson,
      Stoicheff, Tilman, Wheeler, Wood, Zimmermann, Mr Speaker
      NAYS -- Barrett, Callister, Chase, Cuddy, Denney, Ellsworth, Gagner,
      Judd, Loertscher(Loertscher), Mader, Marley, McKague, Mortensen,
      Pearce, Smith, Stone, Taylor
      Absent and excused -- Clark, Henbest, Schaefer, Trail
    Floor Sponsor -
    Title apvd - to Senate
04/05    To enrol - rpt enrol - Pres signed - Sp signed
04/06    To Governor
04/14    Governor signed
         Session Law Chapter 374
         Effective: 07/01/00

Bill Text


 S1581
                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-fifth Legislature                  Second Regular Session - 2000
                                                                        
                                                                        
                                       IN THE SENATE
                                                                        
                                    SENATE BILL NO. 1581
                                                                        
                                    BY FINANCE COMMITTEE
                                                                        
  1                                        AN ACT
  2    CREATING THE LIQUOR WAREHOUSE PURCHASE  FUND  AND  PROVIDING  A  SUNSET  DATE;
  3        DIRECTING  THE  STATE  CONTROLLER TO TRANSFER CERTAIN FUNDS; APPROPRIATING
  4        MONEYS TO THE LIQUOR DISPENSARY FOR FISCAL YEAR 2003;  AND  DIRECTING  THE
  5        LIQUOR DISPENSARY TO EXERCISE THE PURCHASE OPTION ON ITS CENTRAL WAREHOUSE
  6        ON A CERTAIN DATE.
                                                                        
  7    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  8        SECTION 1.  There is hereby created in the state treasury the Liquor Ware-
  9    house Purchase Fund. This fund shall consist of moneys transferred to the fund
 10    pursuant  to legislative action, and any interest earned on moneys in the fund
 11    shall be credited to the Liquor Control Fund. On June 30, 2003, the State Con-
 12    troller shall transfer any unexpended and unencumbered moneys  in  the  Liquor
 13    Warehouse  Purchase Fund to the Liquor Control Fund. The Liquor Warehouse Pur-
 14    chase Fund shall cease to exist after June 30, 2003.
                                                                        
 15        SECTION 2.  On July 1 of 2000, 2001 and 2002, the State  Controller  shall
 16    transfer  $788,900  from  the Liquor Control Fund to the Liquor Warehouse Pur-
 17    chase Fund, for a total of $2,366,700.
                                                                        
 18        SECTION 3.  There is hereby appropriated to the Office of the Governor for
 19    the State Liquor Dispensary the following amount, to be expended according  to
 20    the designated expense class from the listed fund for the period July 1, 2002,
 21    through June 30, 2003, according to the provisions of Section 4 of this act:
 22    FOR:
 23    Capital Outlay                                                      $2,366,700
 24    FROM:
 25    Liquor Warehouse Purchase Fund                                      $2,366,700
                                                                        
 26        SECTION 4.  The State Liquor Dispensary is hereby directed to exercise the
 27    purchase  option under the terms of the lease agreement for its central office
 28    and warehouse facility on August 1, 2002. This purchase shall be paid  for  by
 29    funds appropriated in Section 3 of this act.

Statement of Purpose / Fiscal Impact

Statement of Purpose

RS10335

The purpose of this legislation is establish a process by which the state can purchase the Liquor Dispensary's central office and warehouse facility. This issue was highlighted by legislative auditors, whose finding states that the Liquor Dispensary can save approximately $3 million over the life of the warehouse's 20 year lease agreement by exercising the purchase option stated in the lease contract. This analysis assumed the purchase would be financed through bonds issued by the Idaho State Building Authority. Further analysis showed that additional money could be saved by purchasing the facility with the proceeds of liquor store profits. This bill reflects that approach. In order to provide steadily increasing distributions to cities and counties, the funds necessary for the purchase are accumulated and cashflowed over three fiscal years. Sufficient funds will be accumulated by Fiscal Year 2003, at which point the facility will be purchased.

.

Fiscal Note

Three equal transfers of $788,900 will be made from the Liquor Control Fund to the Liquor Warehouse Purchase Fund. These will take place in Fiscal Years 2001, 2002, and 2003. The bill then appropriates $2,366,700 from the Liquor Warehouse Purchase Fund in Fiscal Year 2003 to complete the purchase of the Liquor Dispensary's central office and warehouse facility. This will save approximately $3.3 million over the life of the current lease contract. Since Idaho cities and counties are the residual beneficiaries of liquor profit distributions, this savings will be distributed to cities and counties over the next 18 years.

There is no fiscal impact to the General Fund.

Contact: Jason Hancock 334-4739
Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. S1581