Idaho Code 57-717 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
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.
Terms Used In Idaho Code 57-717
- 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. See Idaho Code 57-717
- Income: means dividends and interest, which shall be distributable income within the meaning of this chapter. See Idaho Code 57-717
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
(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.