The bill amends the Idaho Code concerning the Idaho Launch Grant Program and the In-Demand Careers Fund by revising the sunset date for Sections 72-1204 and 72-1205 from July 1, 2029, to June 30, 2026. It repeals Section 72-1206 entirely and removes related provisions from Section 63-3638. The amendments aim to streamline the grant program for students pursuing in-demand careers, clarifying the funding structure and enhancing the program's effectiveness by establishing specific criteria for grant distribution based on financial need and career demand.

Additionally, the bill outlines the distribution of funds to special purpose taxing districts, counties, and school districts, specifying that excess funds will be allocated based on property tax budgets. It mandates that funds must be used for their intended purposes and clarifies that districts formed after January 1, 2001, are ineligible for payments. The bill also reallocates funding, deleting the previous $80 million allocation to the in-demand careers fund and instead designating $330 million annually to the public school income fund. Implementation timelines are set for July 1, 2025, and June 30, 2026, for various provisions.

Statutes affected:
Bill Text: 72-1204, 72-1205, 72-1206, 63-3638