This bill amends Sections 72-301 and 72-928 of the Idaho Code to introduce definitions for certain terms, establish sunset provisions, and make technical corrections. Specifically, it clarifies the definition of "public employer" and "public corporation," stating that these terms do not include single-purpose districts organized for municipal services. The bill also includes a sunset provision that will render these definitions null and void after July 1, 2030, allowing the legislature to evaluate their effectiveness before that date.

Additionally, the bill modifies the requirements for insurers and self-insured employers regarding the security for payment of compensation. It mandates that acceptable security instruments now include municipal bonds issued by the state of Idaho and its subdivisions. The bill also updates the credit rating requirements for bonds held by workers' compensation insurers and makes changes to the process of reimbursement for claims related to the Idaho National Guard. An emergency clause is included, making the act effective on July 1, 2025.

Statutes affected:
Bill Text: 72-301, 72-928