Idaho State Statutes - Idaho Attorney Directory

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

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