LAND BANK FUND – Amends existing law to extend the time that proceeds can be held in the land bank fund.

H 129 amends Idaho law to extend the time state land sale proceeds can be held in the Land Bank Fund from five to ten years. This affects the State Board of Land Commissioners, who manage the fund holding money from sales of state endowment lands. The key change allows the board up to ten years to use these funds to purchase new land for the same endowment, rather than five years, before any unused funds must transfer to the permanent endowment fund. The bill does not change how funds are used for land purchases, only the timeframe for holding them.