Idaho State Statutes - Idaho Attorney Directory

In the administration of the powers to
appropriate appreciation, to make and retain investments, and to delegate
investment management of institutional funds, members of a governing board
shall exercise ordinary business care and prudence under the facts and
circumstances prevailing at the time of the action or decision. In so doing
they shall consider long and short-term needs of the institution in carrying
out its educational, religious, charitable, or other eleemosynary purposes,
its present and anticipated financial requirements, expected total return on
its investments, price level trends, and general economic conditions.

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