A bill to amend the Act of July 3, 1890, to provide for the granting to a State of a parcel of land for use as an agricultural college and to proscribe the use of earnings and proceeds thereof.

Summary

Allows the state of Idaho, notwithstanding provisions of the First Morrill Act, to: (1) invest and manage earnings and proceeds derived from land granted for use as an agricultural college in accordance with the standards applicable to a trustee under Idaho law; (2) deduct from earnings and proceeds generated from granted land any expenses that a trustee is authorized to deduct pursuant to Idaho law; and (3) use earnings and proceeds generated by the granted land for any uses and purposes described in that Act without regard to limitations prohibiting the state from exceeding 10% on the purchase of land and from purchasing, erecting, preserving, or repairing buildings.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 May 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S5719)

   Source: IntroReferral

2. 8 May 2007

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

3. 8 May 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 8 May 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 8 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 May 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 8 May 2007

  Open at official source

Sponsors

• Mike Crapo · R · Sponsor
• Rep. Craig, Larry E. [R-ID-1] · R · Sponsor
• · sshr00 · Standing

Related records

• related to → To improve the use of a grant of a parcel of land to the State of Idaho for use as an agricultural college, and for other purposes.
• related to → To amend the Act of July 3, 1890, to provide for the granting to a State of a parcel of land for use as an agricultural college and to proscribe the use of earnings and proceeds thereof.