This Idaho bill establishes the Financial Accountability Stablecoin Transaction (FAST) Act to authorize the state government to use privately issued payment stablecoins for paying vendors and contractors. The legislation defines eligible stablecoins as those backed one-to-one by U.S. dollars or Treasury obligations, meeting specific criteria including at least $2 billion in annual transaction volume and being issued by U.S.-based entities with U.S. citizen founders and shareholders. The state treasurer will maintain an annual list of approved stablecoins and submit reports to the legislature on transaction volumes, cost savings, and fiscal benefits, while vendors may voluntarily choose to receive payments in these digital currencies.
This bill directs the Legislative Services Office to calculate and provide a reduction to the Governor's budget document for certain state entities. The reduction applies to organizations with 50 or more full-time equivalent positions and covers employee benefits, health insurance, and compensation costs. The calculation uses a five-year average of actual personnel expenditures divided by originally appropriated personnel costs, or all available years if the entity is newer. The Joint Finance-Appropriations Committee may include these calculated reductions in appropriation bills for affected entities, and the change applies to all fund types.
This bill allocates state funding to four Idaho higher education institutions - Boise State University, Idaho State University, Lewis-Clark State College, and the University of Idaho - for fiscal year 2027. It provides new money from various funds for personnel and operating costs while simultaneously reducing operating expenditure amounts from the General Fund by a total of $752,900. The legislation takes effect on July 1, 2026, and applies to the State Board of Education and the Board of Regents of the University of Idaho.
This bill directs the Idaho State Controller to transfer specific funds between various state accounts for fiscal years 2026 and 2027, primarily moving money from specialized funds into the General Fund and limiting legislative spending. For fiscal year 2026, it transfers $5.8 million from the Permanent Building Fund to the Legislative Account while capping legislative spending at $8.17 million, and moves $13 million from the Idaho Broadband Fund and remaining School District Building Account balances to the General Fund. The bill also authorizes transfers from the Twenty-seventh Payroll Fund to cover potential budget shortfalls and directs interest earnings from multiple funds to the Strategic Initiatives and Fire Suppression Deficiency Warrant Funds. For fiscal year 2027, the legislation reduces the legislative spending cap to $8.09 million and requires transfers of interest earnings from the Budget Stabilization, Public Education Stabilization, and Water Pollution Control Funds to the General Fund to maintain a minimum cash balance of $150 million.
This bill appropriates $35.7 million to Idaho's Department of Health and Welfare for public health services in fiscal year 2027, while reducing the budget for laboratory services by $78,400 and cutting three full-time equivalent positions. The funding covers physical health services, immunization programs, and disease prevention efforts including suicide prevention, HIV surveillance, and hepatitis monitoring. The legislation requires the department to submit annual reports by December 31, 2026, detailing outcomes and return on investment for these programs. The bill also mandates a specific report on vaccine utilization rates and cost savings from the Immunization Assessment Fund.
