Idaho State Statutes - Idaho Attorney Directory

No moneys derived from the sale of
bonds of any institution or otherwise borrowed by such institution under the
provisions of sections 33-3801--33-3813, shall be required to be paid into the
state treasury but shall be deposited by the treasurer or other fiscal officer
of the institution, subject to the public depository law. Such money shall be
disbursed as may be directed by the board and in accordance with the terms of
any agreements with the holder or holders of any bonds. This section shall not
be construed as limiting the power of the institution to agree in connection
with the issuance of any of its bonds as to the custody and disposition of the
moneys received from the sale of such bonds or the income and revenue of the
institution pledged and assigned to or in trust for the benefit of the holder
or holders thereof.

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