The public school permanent endowment fund of the state shall forever remain inviolate
and intact; the earnings of the public school permanent endowment fund shall be deposited into
the public school earnings reserve fund and distributed in the maintenance of the schools of the
state, and among the counties and school districts of the state in such manner as may be
prescribed by law. No part of the public school permanent endowment fund principal shall ever be
transferred to any other fund, or used or appropriated except as herein provided. Funds shall not
be appropriated by the legislature from the public school earnings reserve fund except as follows:
the legislature may appropriate from the public school earnings reserve fund administrative costs
incurred in managing the assets of the public school endowment including, but not limited to, real
property and monetary assets. The state treasurer shall be the custodian of these funds, and the
same shall be securely and profitably invested as may be by law directed. As defined and
prescribed by law, the state shall supply losses to the public school permanent endowment fund,
excepting losses on moneys allocated from the public school earnings reserve fund.
Structure Idaho constitution