57-715 Permanent Endowment Funds Declared to Be Trust Funds
57-716 Investment of Proceeds of the Sales of Public Lands
57-717 Definitions
57-718 Establishment of Investment Board — Members — Qualifications
57-719 Board — Appointment of Members — Term — Removal — Vacancies — Organization — Quorum — Meetings — Compensation
57-720 Investment Authority — Investment Policies — Annual Audit
57-721 Management by Manager of Investments — Appointment of Custodian
57-723 Investment Powers of the Board — Application of Idaho Uniform Prudent Investor Act
57-723A Deposit and Distribution of Earnings Reserve Funds — Income Funds — Administrative Costs
57-724 Determination of Gains and Losses
57-724A Earnings Defined
57-725 Reports to the State Board of Land Commissioners
57-727 Manager of Investments — Staff — Legal Advisors
57-728 Credit Enhancement Program for School District Bonds
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Terms Used In Idaho Code > Title 57 > Chapter 7 - Investment of Permanent Endowment and Earnings Reserve Funds

  • 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
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • 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.
  • Grantor: The person who establishes a trust and places property into it.
  • Income: means dividends and interest, which shall be distributable income within the meaning of this chapter. See Idaho Code 57-717
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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