57-723. INVESTMENT POWERS OF THE BOARD — APPLICATION OF IDAHO UNIFORM PRUDENT INVESTOR ACT. Any other sections of the Code notwithstanding, the investment board or its investment manager(s) or custodian(s) shall have the care and control of all investment instruments representing mortgages, bonds, warrants, investments and other securities in which the permanent endowment funds and earnings reserve funds of the state shall be invested.
The investment board and its investment manager(s) shall be governed by the Idaho uniform prudent investor act (chapter 5, title 68, Idaho Code), and shall invest and manage the assets of the respective trusts in accordance with that act and the Idaho constitution.
History:
[57-723, added 1969, ch. 244, sec. 10, p. 764; am. 1972, ch. 69, sec. 6, p. 140; am. 1998, ch. 256, sec. 39, p. 840.]
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.