Idaho State Statutes - Idaho Attorney Directory

(1) There is established in
the state treasury the university earnings reserve fund. The fund shall be
managed and invested by the endowment fund investment board according to law
and the policies established by the state board of land commissioners. The
fund shall consist of the following:
(a) All earnings from the university permanent endowment fund;
(b) Proceeds of the sale of timber growing upon university endowment
lands;
(c) Proceeds of leases of university endowment lands;
(d) Proceeds of interest charged upon deferred payments on university
endowment lands or on timber on those lands; and
(e) All other proceeds received from the use of university endowment
lands and not otherwise designated for deposit in the university permanent
endowment fund.
(2) Moneys shall be distributed out of the university earnings reserve
fund only to support the beneficiaries of the university endowment, including
distributions by the state board of land commissioners to the university
permanent endowment fund and the university income fund; provided, that funds
shall not be appropriated by the legislature from the university earnings
reserve fund except to pay for administrative costs incurred managing the
assets of the university endowment including, but not limited to, real
property and monetary assets.

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