57-717. DEFINITIONS. The following words and phrases, when used in this chapter, shall, for the purposes of this chapter, have the meanings respectively ascribed to them in this section, except in those instances where the context clearly indicates a different meaning:
(1) "Board" and "investment board" mean the endowment fund investment board herein established.
(2) "Endowment fund" means the financial proceeds of lands granted to or acquired by the state by or from the general government and managed by the state board of land commissioners pursuant to section 8, article IX, of the constitution of the state of Idaho.
(3) "Income" means dividends and interest, which shall be distributable income within the meaning of this chapter.
History:
[57-717, added 1969, ch. 244, sec. 4, p. 764; am. 1972, ch. 69, sec. 2, p. 140; am. 1974, ch. 22, sec. 51, p. 592; am. 2007, ch. 263, sec. 1, p. 779.]
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.