57-715. PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS. Permanent endowment funds of the state of Idaho are hereby declared to be trust funds of the highest and most sacred order and shall be controlled, managed and invested by the investment board and the investment manager(s) or custodian(s) in accordance with the highest standard, as directed by law and according to policies established by the state board of land commissioners, and as hereinafter provided.
History:
[57-715, added 1969, ch. 244, sec. 2, p. 764; am. 1972, ch. 69, sec. 1, p. 140; am. 1998, ch. 256, sec. 33, p. 838.]
Structure Idaho Code
Title 57 - PUBLIC FUNDS IN GENERAL
Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS
Section 57-715 - PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS.
Section 57-716 - INVESTMENT OF PROCEEDS OF THE SALES OF PUBLIC LANDS.
Section 57-718 - ESTABLISHMENT OF INVESTMENT BOARD — MEMBERS — QUALIFICATIONS.
Section 57-720 - INVESTMENT AUTHORITY — INVESTMENT POLICIES — ANNUAL AUDIT.
Section 57-721 - MANAGEMENT BY MANAGER OF INVESTMENTS — APPOINTMENT OF CUSTODIAN.
Section 57-723 - INVESTMENT POWERS OF THE BOARD — APPLICATION OF IDAHO UNIFORM PRUDENT INVESTOR ACT.
Section 57-724 - DETERMINATION OF GAINS AND LOSSES.
Section 57-724A - EARNINGS DEFINED.
Section 57-725 - REPORTS TO THE STATE BOARD OF LAND COMMISSIONERS.
Section 57-727 - MANAGER OF INVESTMENTS — STAFF — LEGAL ADVISORS.
Section 57-728 - CREDIT ENHANCEMENT PROGRAM FOR SCHOOL DISTRICT BONDS.