The bill amends two sections of the Idaho Code related to the Idaho Housing and Finance Association. In Section 67-6203, the bill removes outdated language regarding the terms of the first commissioners appointed, streamlining the appointment process by eliminating specific end dates for their terms. It also clarifies the roles of legislative advisors to the commissioners, specifying their appointment terms and compensation.

In Section 67-6223, the bill introduces a new requirement concerning federal grants. Specifically, it states that any new federal grant received by the association on or after July 1, 2026, must comply with the provisions of chapter 35, title 67, Idaho Code, which includes regulations on the expenditure of federal funds and the recognition of non-cognizable funds. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 67-6203, 67-6223