(1)  There is hereby created in the state treasury the "Idaho veterans recognition income fund."
(2)  The fund shall consist of moneys transferred from the Idaho veterans recognition fund, and interest generated by such moneys in the fund shall be maintained by the division of veterans services.
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Terms Used In Idaho Code 65-704

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
(3)  The fund shall be used solely to benefit veterans in Idaho, with priority given to activities that serve disabled veterans, and may include the use of matching funds for grants, funding for new construction, replacement, remodel, and life safety projects for the Idaho state veterans homes, state veterans cemeteries, and other available federal grant opportunities that enhance veterans services in the state of Idaho.
(4)  Moneys in the Idaho veterans recognition income fund are subject to appropriation by the legislature.
(5)   Any fiscal year-end revenue in the division of veterans services budget in excess of the equivalent of the first six (6) months of the fiscal year operation costs may be transferred to the Idaho veterans recognition fund as determined by the division of veterans services.