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Committee reviews permanent building fund status, transfers and deferred maintenance projects
Summary
Analysts outlined the permanent building fund’s revenue sources, recent transfers to the general fund from canceled projects, and the status of active public works projects and deferred maintenance funding.
Frances Lippitt returned to brief the committee on the Permanent Building Fund, explaining how that fund is used for capital projects and maintenance for state buildings and higher-education facilities.
She said the fund is structured to handle multi-year capital projects and that appropriated project balances become continuously appropriated under Idaho Code §57-1105. Lippitt listed seven statutory revenue sources for the permanent building fund—including a $10 income tax filing fee, portions of sales and…
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