57-716. INVESTMENT OF PROCEEDS OF THE SALES OF PUBLIC LANDS. The proceeds of the sales of endowment lands of the state, if not deposited into the land bank fund established in section 58-133, Idaho Code, and used to purchase other lands, shall be deposited into the appropriate permanent endowment funds and must be invested for and on account of the specific purposes for which the lands were granted.
History:
[57-716, added 1969, ch. 244, sec. 3, p. 764; am. 1998, ch. 256, sec. 34, 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.