Idaho State Statutes - Idaho Attorney Directory

The governing board may
appropriate for expenditure for the uses and purposes for which an
institutional endowment fund is established so much of the net appreciation,
realized and unrealized, in the fair value of the assets of an institutional
endowment fund over the historic dollar value of the fund as is prudent under
the standard established by section 33-5006, Idaho Code. This section does not
limit the authority of the governing board to expend funds as permitted under
other law, the terms of the applicable gift instrument, or the charter of the
institution.

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