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Committee deadlocks on bill to require legislative appropriation for new federal grants to Idaho Housing and Finance Association
Summary
House Bill 325 would bring federal grants made directly to the Idaho Housing and Finance Association (IHFA) under Joint Finance-Appropriations Committee oversight. IHFA opposed the bill, citing risks to its independent structure and bonding; two committee motions (to hold and to send to the floor) failed and the bill remains in committee.
Representative Cornel Rasor introduced House Bill 325, which would require that federal grants made directly to the Idaho Housing and Finance Association be subject to JFAC appropriation and oversight beginning with new grants after the next fiscal year.
"This bill purports to bring under the control and oversight of JFAC . . . federal grants that are given to the Idaho Housing and Finance Association," Representative Rasor said, describing the proposal as bringing those federal funds into the same oversight that other federal funds received by the state have had.
Brady Ellis, executive vice president of the Idaho Housing and Finance Association, testified in opposition. Ellis said IHFA is a statutorily defined independent public body created in 1972 that issues long-term bond indebtedness and that federal grants are awarded directly to IHFA by federal agencies. Ellis…
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