67-1202. FUNDS OF STATE BOARD OF LAND COMMISSIONERS. (1) It is the duty of the treasurer in relation to funds within the control of the state board of land commissioners to receive from and receipt to the board for money and evidences of indebtedness, subject, however, to final payment, which are accepted by banks as cash in the ordinary course of business, and to pay out of such funds orders drawn thereon by the board, but every order must specify the particular fund upon which it is drawn.
(2) The treasurer is authorized to invest endowment funds as directed by the endowment fund investment board, or as directed by the state board of land commissioners if not otherwise provided for by law. The costs of investing funds pursuant to this section shall be paid from the funds invested or the earnings on such funds. Any earnings on endowment funds shall be deposited and distributed in accordance with section 57-723A, Idaho Code.
(3) It is the duty of the treasurer to serve as the custodian of the public school endowment fund. The treasurer may request any records of the state board of land commissioners related to such fund and any financial records of a bank or trust company keeping custody of the assets of the public school permanent endowment fund pursuant to section 57-721, Idaho Code.
History:
[(67-1202) Based upon 1909, p. 360, secs. 2, 3, and 1909, p. 363, sec. 1; compiled and reen. C.L., sec. 117a; C.S., sec. 158; I.C.A., sec. 65-1102; am. 2007, ch. 284, sec. 1, p. 814; am. 2016, ch. 167, sec. 2, p. 462.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Section 67-1201 - DUTIES OF TREASURER.
Section 67-1202 - FUNDS OF STATE BOARD OF LAND COMMISSIONERS.
Section 67-1203B - RECOMMENDATION OF THE TYPES AND KINDS OF INVESTMENTS.
Section 67-1204 - MONEY TO BE KEPT IN OFFICE — PENALTY.
Section 67-1205 - GENERAL FUND DEFINED — PAYMENT OF INTEREST.
Section 67-1206 - TRANSFERS OF BALANCES IN FUNDS.
Section 67-1207 - TEMPORARY DIVERSION OF REVENUES TO CEASE ON ACCOMPLISHMENT OF PURPOSE.
Section 67-1209 - SUSPENSE FUND.
Section 67-1210 - INVESTMENT OF IDLE MONEYS.
Section 67-1210A - ADDITIONAL ALLOWABLE INVESTMENTS BY THE STATE TREASURER.
Section 67-1210B - ABILITY TO CONTINUE TO INVEST.
Section 67-1211 - PAYMENT OF WARRANTS.
Section 67-1212 - UNPAID WARRANTS — INTEREST — RECORD.
Section 67-1213 - REFUSAL TO PAY WARRANTS — PENALTY — CANCELLATION.
Section 67-1214 - DELIVERY OF BONDS SOLD OUTSIDE STATE.
Section 67-1215 - NOTICE OF CALL OF WARRANTS.
Section 67-1216 - INSPECTION OF TREASURER’S OFFICE.
Section 67-1217 - TREASURER’S OFFICE — INSPECTION BY GOVERNOR.
Section 67-1218 - SEAL OF OFFICE — CERTIFIED COPIES OF DOCUMENTS AS EVIDENCE.
Section 67-1220 - OFFICIAL BOND.
Section 67-1221 - FISCAL AGENCY IN NEW YORK CITY.
Section 67-1223 - IDAHO COMMEMORATIVE SILVER MEDALLIONS ISSUED BY THE STATE TREASURER.
Section 67-1225 - POWERS AND DUTIES OF CREDIT RATING ENHANCEMENT COMMITTEE.
Section 67-1226 - LOCAL GOVERNMENT INVESTMENT POOL.
Section 67-1227 - INVESTMENT AT REQUEST OF STATE AGENCY.