The bill amends several sections of the Idaho Code related to the Petroleum Clean Water Trust Fund Act, aiming to streamline and update the existing legal framework. Key amendments include the revision of the Board of Trustees' composition and terms in Section 41-4904, where the previous stipulation regarding the initial terms of the first two appointments has been deleted. Additionally, Section 41-4910 has been updated to remove outdated provisions regarding the distribution of fund moneys, and Section 41-4910A has been repealed entirely. The bill also repeals Section 41-4925, which pertained to the application for trust registration, and amends Section 41-4925A to clarify the process for amending the plan of operation for issuing insurance contracts.

Furthermore, the bill modifies Section 41-4930 to ensure that the trust fund complies with existing insurance laws while clarifying its operational independence from typical insurer regulations. The changes reflect the Legislature's intent to eliminate obsolete language and ensure that the trust fund operates efficiently and effectively in serving the public's health, safety, and welfare. An emergency clause is included, establishing that the act will take effect on July 1, 2026.

Statutes affected:
Bill Text: 41-4904, 41-4910, 41-4910A, 41-4911, 41-4925, 41-4925A, 41-4930