This bill aims to streamline and update Idaho's laws by repealing several outdated provisions related to the Idaho Corporate Credit Union and certain cemetery regulations. Specifically, it repeals multiple sections (26-2170 through 26-2186 and 27-406, 27-409) that cover definitions, organization, powers, membership, and other operational aspects of the Idaho Corporate Credit Union, which are deemed obsolete. Additionally, the bill amends Section 26-2128 to remove the provision that allowed certificates of deposit issued by the Idaho Corporate Credit Union to be included in liquidity reserve requirements.

The legislative intent behind this act is to ensure that Idaho's laws remain relevant and serve the public effectively. By eliminating these outdated sections, the bill seeks to enhance the clarity and efficiency of the legal framework governing financial institutions and cemetery operations in the state. The act is set to take effect on July 1, 2026, following the declaration of an emergency.

Statutes affected:
Bill Text: 26-2128, 26-2170, 26-2171, 26-2172, 26-2173, 26-2174, 26-2175, 26-2176, 26-2177, 26-2178, 26-2179, 26-2180, 26-2181, 26-2182, 26-2183, 26-2184, 26-2185, 26-2186, 27-406, 27-409