Idaho State Statutes - Idaho Attorney Directory

Section 33-5002, Idaho Code, does not
apply if the applicable gift instrument indicates the donor's intention that
net appreciation shall not be expended. A restriction upon the expenditure of
net appreciation may not be implied from a designation of a gift as an
endowment, or from a direction or authorization in the applicable gift
instrument to use only "income," "interest," "dividends," or "rents, issues or
profits," or "to preserve the principal intact," or a direction which contains
other words of similar import. This rule of construction applies to gift
instruments executed or in effect before or after the effective date of this
chapter.

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