The bill amends the Idaho Code to revise the Idaho Launch Grant Program and the In-Demand Careers Fund. It changes the sunset dates for Sections 72-1204 and 72-1205, moving the expiration date from July 1, 2029, to June 30, 2026. Additionally, it repeals Section 72-1206, which pertains to the In-Demand Careers Fund, and removes related provisions from Section 63-3638. The amendments aim to streamline the grant program, which provides education grants to students pursuing in-demand careers, by establishing a more efficient grant distribution process and prioritizing awards based on career demand and financial need.

Moreover, the bill outlines the distribution of funds to special purpose taxing districts, specifying that excess funds will be allocated based on property tax budgets. It also mandates that funds must be used for their intended purposes and clarifies that districts formed after January 1, 2001, are not eligible for payments. The bill deletes the previous allocation of $80 million to the In-Demand Careers Fund and reallocates $330 million annually to the public school income fund, while establishing continuous appropriations for school modernization facilities. The bill will take effect in stages, with certain sections becoming effective on July 1, 2025, and others on June 30, 2026.

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