reglab/housing_qa huggingface dataset:
ID Code § 67-4723 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4723 - GRANTS — STANDARDS AND ADMINISTRATION.

67-4723. GRANTS — STANDARDS AND ADMINISTRATION. The department of commerce shall administer a program of grants prorated to private capital raised to establish financing programs for new, emerging, and expanding business enterprises. Grants shall only be made to business and industrial development corporations (BIDCOs) licensed and regulated pursuant to the provisions of chapter 27, title 26, Idaho Code. It is recognized that BIDCOs, in compliance with section 26-2716, Idaho Code, administer a program of professional consulting and financing of new, emerging and expanding business enterprises. Such financings may take the form of loans or equity participation or a combination thereof. BIDCOs must report annually to the legislature, in compliance with section 27-2707[26-2707], Idaho Code, information on the impact of grants in promoting economic development in the state. Requests for grant proposals shall require the applicant to describe in detail its experience and expertise, the professional manner in which it will identify, finance, and monitor new, emerging and expanding business enterprises, the criteria it will use to determine which enterprises should be financed to best further the purposes of sections 67-4721 through 67-4724, Idaho Code, the administrative and overhead charges which will be made to administer the grant, and such other matters as required by the department of commerce. The department of commerce shall administer this program in such a way as to avoid favoritism of any particular enterprise and to maximize the public purposes of sections 67-4721 through 67-4724, Idaho Code, without regard to any incidental benefits which may accrue to private parties. In administering the program, the department of commerce shall emphasize job creation, improvement of the state’s tax base, geographic diversity of financing, and avoidance of financing enterprises which could reasonably be financed by other means.  History: [67-4723, added 1991, ch. 148, sec. 3, p. 357.]
ID Code § 67-4723A (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4723A - IDAHO SMALL BUSINESS FEDERAL FUNDING ASSISTANCE ACT — FUND CREATED.

67-4723A. IDAHO SMALL BUSINESS FEDERAL FUNDING ASSISTANCE ACT — FUND CREATED. (1) There is hereby created in the state treasury the Idaho small business assistance fund to which shall be credited all moneys that may be appropriated, apportioned, allocated, and paid back to the fund, including grants, federal moneys, donations, gifts, funds from any other source or otherwise provided by law. The moneys in the fund shall be used to reimburse Idaho small businesses for costs incurred in the process of developing and submitting federal grant proposals and to compete for awards. The Idaho department of commerce shall administer the fund. (2) As used in this section: (a) "Federal funding" means grants available to for-profit businesses as awarded by federal agencies through small business innovative research grants, small business technology transfer research grants, broad area announcements or other grant programs. (b) "Small business" means an Idaho for-profit company with five hundred (500) or fewer employees. (c) "State grants" means a grant award of up to four thousand dollars ($4,000) limited exclusively to the reimbursement of claimable expenses incurred by an Idaho small business pursuant to the process of competing for federal funding awards. (3) The department of commerce shall administer a program of state grants to assist and incentivize new, emerging, and expanding Idaho small, for-profit businesses in the development of federal funding proposals that lead to the development of commercial products or services. (4) The department of commerce shall administer this program in such a way as to avoid favoritism of any particular enterprise and to maximize the public purposes of increasing the number of submitted proposals from Idaho small businesses and increasing the number of grant awards to these businesses. Particular attention shall be paid to the encouragement of companies that have not competed for federal funding awards in the past.  History: [67-4723A, added 2011, ch. 224, sec. 2, p. 611.]
ID Code § 67-4724 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4724 - RETURN TO THE STATE.

67-4724. RETURN TO THE STATE. It is hereby recognized that the principal return to the state shall be in the form of increased tax revenues and increased job growth. A further return to the state is hereby provided as follows. Grants shall require the applicant to retain within its financing program all funds representing a return on principal until initial capitalization is doubled. Upon doubling capitalization and upon the approval of the department of finance, grantees shall distribute up to fifty per cent (50%) of profits on a pro rata basis to the state of Idaho. Any additional returns shall be governed by the terms of the grant. In the event of dissolution of a grantee, distribution shall be made to the state and stockholders on a pro rata basis. The director of the department of commerce shall preside over liquidation proceedings in accordance with chapter 27, title 26, Idaho Code.  History: [67-4724, added 1991, ch. 148, sec. 4, p. 358.]
ID Code § 67-4725 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4725 - IDAHO GLOBAL ENTREPRENEURIAL MISSION GRANT FUND.

67-4725. IDAHO GLOBAL ENTREPRENEURIAL MISSION GRANT FUND. There is hereby created in the state treasury the Idaho global entrepreneurial mission grant fund hereafter known as the IGEM grant fund. Moneys in the fund shall consist of funds received from state appropriated general funds, commercialization revenues from state IGEM projects, grants, federal moneys, donations or funds from any other source. Moneys in the fund may be expended pursuant to appropriation. The fund balance in the fund may be appropriated annually to the department of commerce for the purpose of supporting the IGEM grants. The treasurer shall invest all idle moneys in the fund. Any interest earned on the investment of idle moneys shall be returned to the fund.  History: [67-4725, added 2005, ch. 102, sec. 3, p. 324; am. 2009, ch. 162, sec. 2, p. 487; am. 2012, ch. 60, sec. 1, p. 160; am. 2016, ch. 84, sec. 1, p. 266.]
ID Code § 67-4729 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4729 - DEPARTMENT OF COMMERCE AND IGEM COUNCIL RULES AND RESPONSIBILITIES.

67-4729. DEPARTMENT OF COMMERCE AND IGEM COUNCIL RULES AND RESPONSIBILITIES. (1) The department of commerce in conjunction with the IGEM council shall: (a) Ensure that IGEM funds appropriated to the department of commerce and received for research and development at the universities and for the technology outreach program are used appropriately, effectively and efficiently in accordance with the intent of the legislature; (b) In conjunction with the IGEM research institutions and the private sector, evaluate best practices utilized by successful technology transfer programs and make recommendations to the IGEM research institutions for transaction and legal structures that incorporate those best practices; (c) Enhance technology transfer and commercialization of research and technologies developed at the universities to create high-quality jobs and new industries in the private sector in Idaho; (d) In conjunction with the university research departments and the private sector, develop a standardized process for the transfer of intellectual property from all IGEM-funded research projects and for the IGEM grant awards; (e) Establish economic development objectives for each IGEM state-funded project; (f) Establish rules for the IGEM grant program, including weighted consideration for Idaho-based industry partners and a matching requirement, monetary or otherwise, for recipients of the awards;  (g) Verify that the IGEM project is being enhanced by research grants and that it is meeting the economic development objectives of the department of commerce and the IGEM council; (h) Monitor all research plans that are part of the project at the research universities to determine that appropriations are being spent in accordance with legislative intent and to measure the benefit and return to the state; (i) Develop methods and incentives to encourage investment in and contributions to the IGEM project from the private sector; and (j) Annually report and make recommendations to: (i) The governor; (ii) The joint finance-appropriations committee; (iii) The house and senate commerce and human resource committees; and (iv) The office of the state board of education. (2) The department of commerce and the Idaho global entrepreneurial mission council may: (a) In addition to moneys received by it from the legislature, receive contributions from any source in the form of money, property, labor or other things of value for the project; (b) Subject to any restrictions imposed by the donation, appropriations or bond authorizations, allocate moneys received by it among the universities, the technology outreach program and technology transfer offices to support commercialization and technology transfer to the private sector; or  (c) Enter into agreements necessary to obtain private investment in the project.  History: [67-4729, added 2012, ch. 60, sec. 3, p. 161; am. 2016, ch. 84, sec. 3, p. 267.]
ID Code § 67-4730 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4730 - IDAHO GLOBAL ENTREPRENEURIAL MISSION (IGEM) RESEARCH.

67-4730. IDAHO GLOBAL ENTREPRENEURIAL MISSION (IGEM) RESEARCH. As funding becomes available from the legislature or other sources, and subject to any restrictions or directions established by the legislature, the state board of education and/or the department of commerce may allocate moneys to Boise state university, the university of Idaho, and Idaho state university to provide funding for research teams or individual university research faculty to conduct IGEM-project designated research.  History: [67-4730, added 2012, ch. 60, sec. 4, p. 162; am. 2016, ch. 84, sec. 4, p. 268.]
ID Code § 67-4731 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4731 - COMMERCIALIZATION REVENUE DISTRIBUTION.

67-4731. COMMERCIALIZATION REVENUE DISTRIBUTION. Commercialization revenue shall be limited to revenue generated through the commercialization of university intellectual property rights in a work authored or an invention conceived or first reduced to practice in the performance of an IGEM grant award. For commercialization revenue generated through the IGEM university research initiative and by IGEM-funded research faculty, the following is the priority of revenue distribution: (1) The revenue shall first reimburse direct project costs associated with commercialization expenses generated by any of the three (3) universities. (2) University faculty, staff or students engaged in the performance of an IGEM grant award shall receive a portion of the commercialization revenue, consistent with the university intellectual property policies applicable to such faculty, staff or student. (3) Remaining funds shall be distributed according to the following priorities: (a) Twenty-five percent (25%) of the total remaining revenues shall reimburse the general fund until IGEM grant funds paid for the IGEM project are reimbursed.  (b) Five percent (5%) of the remaining revenues shall be deposited into the IGEM grant fund as defined in section 67-4725, Idaho Code, to support future IGEM grants.  (c) The remaining funds shall be distributed to Boise state university, the university of Idaho, and Idaho state university, with the moneys distributed based on the participation of the universities in the research project that generated the commercialization revenue.  History: [67-4731, added 2012, ch. 60, sec. 5, p. 162; am. 2016, ch. 84, sec. 5, p. 268.]
ID Code § 67-4732 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4732 - IDAHO OPPORTUNITY FUND — SHORT TITLE — LEGISLATIVE INTENT.

67-4732. IDAHO OPPORTUNITY FUND — SHORT TITLE — LEGISLATIVE INTENT. Sections 67-4732 through 67-4736, Idaho Code, shall be known and may be cited as the "Idaho Opportunity Fund Act" and also known as "this act." The intent of the Idaho opportunity fund is to promote economic development and provide financial assistance, through the Idaho department of commerce, to retain, expand or attract quality jobs in industries deemed vital to the health of the local and statewide economy.  History: [67-4732, added 2013, ch. 106, sec. 1, p. 249.]
ID Code § 67-4733 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4733 - DIRECTOR RULEMAKING AUTHORITY.

67-4733. DIRECTOR RULEMAKING AUTHORITY. The director shall promulgate rules pursuant to chapter 52, title 67, Idaho Code, in the furtherance of the objectives of this act.  History: [67-4733, added 2013, ch. 106, sec. 1, p. 249.]
ID Code § 67-4734 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4734 - IDAHO OPPORTUNITY FUND.

67-4734. IDAHO OPPORTUNITY FUND. There is hereby created in the state treasury the Idaho opportunity fund. Moneys in the Idaho opportunity fund may be expended by the Idaho department of commerce, pursuant to the provisions of this act, to assist in securing commitments for the retention and expansion of existing businesses and recruitment of new businesses. (1) Moneys deposited in the fund. The following amounts shall be deposited in the fund: (a) Any amounts appropriated by the legislature for the fund for purposes described by this section; (b) Repayment of any moneys originally distributed from the fund that were improperly disbursed pursuant to the company performance agreement or the local government grant agreement; and (c) Gifts, grants and other donations received for the fund. (2) Use of funds. Moneys in the Idaho opportunity fund may be allocated to local governments for any lawful purpose consistent with the intent of this act, which purposes shall include: (a) Construction of or improvements to new or existing water, sewer, gas or electric utility systems for new or existing buildings to be used for industrial or commercial operations; (b) Flood zone or environmental hazard mitigation; and (c) Construction, upgrade or renovation of other infrastructure related items including, but not limited to, railroads, broadband, parking lots, roads or other public costs that are directly related to specific job creation or expansion projects.  History: [67-4734, added 2013, ch. 106, sec. 1, p. 249.]
ID Code § 67-4736 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4736 - ANNUAL REPORT BY DIRECTOR.

67-4736. ANNUAL REPORT BY DIRECTOR. The director of the department of commerce shall annually publish a report regarding the state of the Idaho opportunity fund and cause the same to be made available to the public. The report shall contain information on the commitment of funds, disbursement and use of funds, the number of jobs committed and created, the total capital expenditures resulting from grant funds and the median wage of total jobs created as result of grant funds distributed in the prior year. The report is due no later than the last day of September each year. The director shall also provide such report to the governor and the joint finance-appropriations committee during each regular session of the Idaho state legislature. In addition, the director of the department of commerce shall provide reports on the grant activity and performance to the economic advisory council on a quarterly basis during the year.  History: [67-4736, added 2013, ch. 106, sec. 1, p. 251.]
ID Code § 67-4737 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4737 - IDAHO REIMBURSEMENT INCENTIVE ACT — SHORT TITLE — LEGISLATIVE INTENT.

67-4737. IDAHO REIMBURSEMENT INCENTIVE ACT — SHORT TITLE — LEGISLATIVE INTENT. Sections 67-4737 through 67-4744, Idaho Code, shall be known and may be cited as the "Idaho Reimbursement Incentive Act." The Idaho legislature finds that in order to compete more effectively in a national and global marketplace for economic expansion, business retention and job creation, a number of states, including Idaho, have deemed it necessary to create economic-based incentives for the creation of quality jobs. Further, the Idaho legislature desires to create the Idaho reimbursement incentive act to be a performance-based tax reimbursement mechanism available to existing Idaho businesses and new businesses creating jobs in Idaho when the same are in good standing in the state of Idaho.  History: [67-4737, added 2014, ch. 336, sec. 1, p. 828.]
ID Code § 67-4740 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4740 - AGREEMENT WITH APPLICANT.

67-4740. AGREEMENT WITH APPLICANT. With instruction from the council, and in accordance with criteria as established by rules, the director of the department shall enter into a reimbursement incentive agreement with the applicant, provided the agreement defines the following in addition to the terms as approved by the council:  (a) The term of the agreement, which in no case shall exceed fifteen (15) years; (b) The projected new state revenues to be generated during the term of the project; (c) The method and recordkeeping requirements to be used by the applicant to determine the new state revenue paid by the applicant. The approved tax credit percentage applied to new state revenue each year the applicant is entitled to receive the reimbursement during the term of the project; (d) The projected new jobs; (e) The terms and conditions of any and all requirements and measurements that must be met prior to the issuance of a tax credit authorization; (f) The agreed-upon and necessary proof of compliance required prior to tax credit issuance. Proof of compliance provided by the applicant must be adequate to demonstrate to the director that all requirements and measurements have been met for the applicant to receive the tax credit; (g) The consequences of default by the applicant; (h) The period to be used to determine the taxes paid at the date of application; and (i) Identification of the individual or entity that is or will be claiming the refundable credit. (j) The agreement with the applicant shall specify that no credit will be allowed for taxes that have been or will be reimbursed by the federal government or any subdivision thereof.  History: [67-4740, added 2014, ch. 336, sec. 1, p. 831; am. 2015, ch. 200, sec. 3, p. 612; am. 2016, ch. 47, sec. 43, p. 128; am. 2017, ch. 149, sec. 2, p. 370.]
ID Code § 67-4741 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4741 - APPLICANT’S ANNUAL REPORTING PROCEDURE.

67-4741. APPLICANT’S ANNUAL REPORTING PROCEDURE. (1) On an annual basis during the term of the project, the applicant shall submit to the department reporting information outlined in the agreement that shall include, but not be limited to, the following: (a) Supporting documentation of the new state revenues from the applicant’s new project that were paid during the preceding tax year; (b) Supporting documentation of the new jobs that were created during the preceding tax year; (c) A document that expressly directs and authorizes the tax commission and department of labor to allow the department access to the applicant’s returns and other information that may be necessary to verify or otherwise confirm the declared new state revenues; (d) A letter from the tax commission confirming that the applicant is in good standing in the state of Idaho and is not in unresolved arrears in the payment of any state tax or fee administered by the tax commission; (e) Identification of any individual or entity included within the application that is entitled to a rebate pursuant to section 63-3641 or 63-4408, Idaho Code, or is required to obtain a separate seller’s permit pursuant to chapter 36, title 63, Idaho Code; and (f) Supporting documentation that the business entity has satisfied the measurements and requirements outlined in the agreement. (2) If, after review and audit of the information provided by the applicant, or after review of the ongoing performance of the applicant, the department determines that the information is inadequate to provide a reasonable justification for authorizing or continuing a tax credit, the department shall: (a) Deny the tax credit for such tax year; (b) Terminate the agreement for failure to meet the performance standards established in the agreement; or (c) Inform the applicant that the returns or other information are inadequate and request the applicant to submit additional documentation. (3) If, after review and/or audit of the information provided by the applicant, the department determines that the information provided by the applicant provides reasonable justification for authorizing a tax credit, the department shall, based upon the returns and other information: (a) Determine the amount of the tax credit to be granted to the applicant, which amount shall be the lowest approved percentage that will incentivize creation of new jobs and new state revenue; (b) Issue a tax credit authorization to the applicant; and (c) Provide a duplicate copy of the tax credit authorization to the tax commission. (4) No applicant may claim a tax credit unless the applicant has a tax credit authorization issued by the department. An applicant may claim a tax credit in the amount listed on the tax credit authorization on its tax return.  History: [67-4741, added 2014, ch. 336, sec. 1, p. 832; am. 2015, ch. 200, sec. 4, p. 613.]
ID Code § 67-4742 (2021)
2021 Idaho Code|Title 67 - STATE GOVERNMENT AND STATE AFFAIRS|Chapter 47 - DEPARTMENT OF COMMERCE|Section 67-4742 - ANNUAL REPORTING BY DEPARTMENT.

67-4742. ANNUAL REPORTING BY DEPARTMENT. (1) The department shall create an annual written report for the governor and the legislature describing: (a) The department’s success under this act in attracting new jobs; (b) The estimated amount of tax credit commitments made by the department and the period of time over which tax credits will be paid; (c) The economic impact on the state related to generating new state revenue and providing tax credits under this act; (d) The estimated costs and economic benefits of the tax credit commitments that the department made; and  (e) The actual costs and economic benefits of the tax credit commitments the department made.  (2) On or before November 1, 2015, and every year thereafter, the department shall: (a) Conduct an independent, third-party audit of the tax credits issued under this act; (b) Evaluate the tax credits issued under this act and the effectiveness of the tax credits; and (c) Make recommendations concerning whether the tax credits should be continued, modified or repealed. (3) The audit as set forth herein shall include an evaluation of: (a) The amount of tax credits granted; and (b) The effectiveness of the department’s internal controls within the application and approval process pursuant to this chapter. (4) The results of such audit and the director’s recommendations shall be forwarded in a timely manner to the office of the governor and to the appropriate legislative committee chairmen.  History: [67-4742, added 2014, ch. 336, sec. 1, p. 832.]