67-1225 POWERS AND DUTIES OF CREDIT RATING ENHANCEMENT COMMITTEE. - Idaho Statutes

TITLE 67

STATE GOVERNMENT AND STATE AFFAIRS

CHAPTER 12

STATE TREASURER

67-1225. Powers and duties of credit rating enhancement committee. The Idaho credit rating enhancement committee shall advise the governor and the legislature regarding policies and action that enhance and preserve the state’s credit rating and maintain the future availability of low cost capital financing. In carrying out this function, the committee shall:

(1) Develop a six (6) year forecast of debt capacity targets by debt type and repayment sources based on the policies and actions established under this section;

(2) Convert debt capacity targets to net available capacity estimates by reflecting amounts of capacity currently issued, the planned issuance of prior authorized debt and estimates of debt repayment;

(3) Report findings, including net debt capacity, and recommendations to the governor and the legislature by August 1 of each year.