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IdahoH 06082026 regular legislative sessionHouse

EDUCATION – Amends existing law to revise provisions regarding the Public School Facilities Cooperative Funding Program.

Sponsored By: EDUCATION COMMITTEE

Signed by Governor

EDUCATION

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

State help when bonds fail or funds fall short

Beginning June 1, 2025, a district that passed a bond or plant facility levy in the last two years can still apply if abatement costs are higher than the levy money. If a panel‑approved project is put on the ballot and voters reject the bond or levy, the state pays the district under the program’s payment rules.

State oversight to finish projects

For panel‑approved subsection (2)(b) projects or any project over $5,000,000, the superintendent appoints a district supervisor within 35 days. The supervisor provides interim state oversight to keep the project on track. Within 60 days after a certificate of occupancy, the district reports any project savings. After the state verifies them, the district returns the savings within 30 days. Returned savings lower the district’s remaining unpaid share.

State fronts costs, capped district payback

When a project is approved and costs are certified, the state pays first from the cooperative fund, minus any district funds. If the fund lacks money, the panel can ask the Legislature for more. A district’s payback is capped at what the old bond‑equalization formula would have set for that year. If the district’s bond index is under 1.00, its share is cut by that percent; if the index is 1.50 or less, there is at least a 10% simple‑interest discount. Unpaid balances earn simple interest at the state treasurer’s average idle‑fund rate, with the first year prorated from the initial state payment. Payments are due each year by September 15; missed years (after a prior distribution) extend the up‑to‑20‑year term by the number missed. The department can recalculate yearly and will not certify more than needed, and payments collected are deposited back into the cooperative fund.

Rules apply starting June 1, 2025

The law is in effect now and applies retroactive to June 1, 2025. These amended rules apply beginning June 1, 2025.

Sponsors & Cosponsors

Sponsor

  • EDUCATION COMMITTEE

    Affiliation unavailable

Cosponsors

  • Mark Harris

    Republican • Senate

  • Douglas T. Pickett

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 101 • No: 0

Senate vote • 3/3/2026

Senate Floor Vote

Yes: 35 • No: 0

House vote • 2/18/2026

House Floor Vote

Yes: 66 • No: 0

Actions Timeline

  1. Reported Signed by Governor on one legislative day Session Law Chapter 11 Effective: Retroactive to 06/01/2025

    3/9/2026

  2. Delivered to Governor at 4:41 p.m. on March 5, 2026

    3/6/2026

  3. Returned Signed by the President; Ordered Transmitted to Governor

    3/5/2026Senate

  4. Signed by President; returned to House

    3/5/2026Senate

  5. Received from the House enrolled/signed by Speaker

    3/5/2026Senate

  6. Reported Enrolled; Signed by Speaker; Transmitted to Senate

    3/4/2026House

  7. Returned from Senate Passed; to JRA for Enrolling

    3/4/2026House

  8. Read third time in full – PASSED - 35-0-0

    3/3/2026Senate

  9. Read second time; filed for Third Reading

    2/26/2026Senate

  10. Reported out of Committee with Do Pass Recommendation; Filed for second reading

    2/25/2026Senate

  11. Introduced, read first time; referred to: Education

    2/19/2026Senate

  12. Received from the House passed; filed for first reading

    2/19/2026Senate

  13. Read Third Time in Full – PASSED - 66-0-4

    2/18/2026House

  14. Read second time; Filed for Third Reading

    2/17/2026House

  15. Reported out of Committee with Do Pass Recommendation, Filed for Second Reading

    2/16/2026House

  16. Reported Printed and Referred to Education

    2/10/2026House

  17. Introduced, read first time, referred to JRA for Printing

    2/9/2026House

Bill Text

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