40-707. APPROPRIATION OF MONEYS IN STATE HIGHWAY ACCOUNT. (1) From federal funds within the state highway account, there are hereby continuously appropriated first such amounts as, from time to time, shall be certified by the Idaho housing and finance association to the state controller, state treasurer and the board as necessary for payment of principal, interest and other amounts required for transportation bonds or notes of the Idaho housing and finance association in accordance with chapter 62, title 67, Idaho Code, which amounts shall be transferred to the GARVEE debt service fund established in section 40-718, Idaho Code.
(2) The board may, but is not obligated to, use any nonfederal funds in the state highway account to pay match as required for receipt of federal funds used to pay the bonds or notes as described in subsection (1) of this section. Such match may be transferred to the GARVEE debt service fund established in section 40-718, Idaho Code.
(3) One-half of one percent (.5%) of the moneys in the state highway account may be utilized to encourage the use of recycled materials including, but not limited to, recycled glass, reclaimed asphalt, asphalt containing recycled plastic, recycled rubber tires and paper in highway construction and maintenance projects. All other moneys at any time in the state highway account, except those as are otherwise required by law to be placed in the state highway redemption account, are hereby appropriated for the purpose of defraying the expenses, debts and costs incurred in carrying out the powers and duties of the Idaho transportation board as provided by law, and for defraying administrative expenses of the department, including salaries of the board, the salary of the director, and salaries and wages of employees of the department and board and expenses for traveling. Communication supplies, equipment, fixed charges and all other necessary expenses of the department, including the aeronautics air flight program and the board, not otherwise provided for and all claims against the state highway account shall be examined by the department and certified to the state controller, who shall, upon approval of the board of examiners, draw his warrant against the state highway account for all bills and claims allowed by the board.
History:
[40-707, added 1985, ch. 253, sec. 2, p. 622; am. 1994, ch. 180, sec. 78, p. 478; am. 1994, ch. 409, sec. 2, p. 1281; am. 2005, ch. 378, sec. 5, p. 1220; am. 2011, ch. 58, sec. 2, p. 122.]
Structure Idaho Code
Title 40 - HIGHWAYS AND BRIDGES
Section 40-701 - HIGHWAY DISTRIBUTION ACCOUNT — APPORTIONMENT.
Section 40-702 - STATE HIGHWAY ACCOUNT — ESTABLISHMENT.
Section 40-703 - ESTABLISHMENT OF LOCAL BRIDGE INSPECTION ACCOUNT — ADMINISTRATION.
Section 40-704 - TURNPIKE PROJECT ACCOUNTS — ESTABLISHMENT.
Section 40-705 - TRANSFER AND CONTROL OF FUNDS.
Section 40-706 - DISPOSITION OF MOTOR VEHICLE REGISTRATION MONEY.
Section 40-707 - APPROPRIATION OF MONEYS IN STATE HIGHWAY ACCOUNT.
Section 40-708 - POLICY OF LEGISLATURE ON EXPENDITURES.
Section 40-709A - PETITION FOR HIGHWAY MAINTENANCE.
Section 40-710 - AMERICAN TRUCKING ASSOCIATION SETTLEMENT FUND.
Section 40-711 - MONEYS OF HIGHWAY DISTRICTS — APPORTIONMENT WITH COUNTIES.
Section 40-712 - CITY’S PORTION OF HIGHWAY FUNDS PAID TO AUDITOR — FISCAL ASSISTANCE FUNDS.
Section 40-713 - EXPENDITURE AND APPLICABILITY OF FUNDS.
Section 40-714 - BUDGETING AND ALLOCATION OF FUNDS.
Section 40-718 - GARVEE FUNDS ESTABLISHED — CAPITAL PROJECT FUND — DEBT SERVICE FUND.
Section 40-719 - STRATEGIC INITIATIVES PROGRAM.
Section 40-720 - TRANSPORTATION EXPANSION AND CONGESTION MITIGATION PROGRAM — FUND ESTABLISHED.