Lawmaker takes on Idaho expansion into storage biz

Print
Email
|

Associated Press

Posted on February 22, 2011 at 2:13 PM

BOISE, Idaho (AP) — There's been a steady murmur of discontent among some conservative Idaho lawmakers after a state-managed endowment trust spent $2.7 million last summer to buy a commercial storage business.

Now, those unhappy with the Idaho Land Board's purchase of Affordable Self Storage are pushing legislation to put an end to such transactions.

Republican Rep. John Vander Woude told the House State Affairs Committee on Tuesday that last August's purchase was an inappropriate expansion of government into the private sector.

Vander Woude's measure would require state-owned business operations using nonagricultural land to be sold to private persons.

The Department of Land, which oversaw last year's purchase, insists it's diversifying the traditional agricultural and timber land holdings in its endowment land portfolio — in order to boost investment returns that benefit Idaho schools.

Print
Email
|