Summary: H.R.3006 — 110th Congress (2007-2008)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Public Law No: 110-77 (08/13/2007)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Authorizes Idaho, respecting Morrill Act agricultural college assets, to: (1) invest earnings and proceeds in accordance with the standards applicable to a trustee under Idaho law; (2) deduct trustee expenses from earnings and proceeds; and (3) use earnings and proceeds from granted land without regard to the limitations that prohibit the state from exceeding 10% on the purchase of land and prohibit the state from purchasing, erecting, preserving, or repairing buildings.