Idaho § 33-903 PUBLIC SCHOOL INCOME FUND

Idaho Statutes

§ 33-903 — PUBLIC SCHOOL INCOME FUND

Idaho § 33-903

Title 33EDUCATION

Ch. 9SCHOOL FUNDS

This text of Idaho § 33-903 (PUBLIC SCHOOL INCOME FUND) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 33-903 (2026).

Text

(1)The public school income fund is that fund in the treasury of the state of Idaho to which are credited the following:

(a)Moneys distributed from the public school earnings reserve fund and other sources the legislature deems appropriate;

(b)Proceeds of all state taxes levied for public school purposes;

(c)Grants of moneys from the federal government for public school purposes when other disposition is not specified by law;

(d)Ninety percent (90%) of any moneys received by any department of state government from the federal government from sales, royalties, bonuses or rentals of oil, gas or mineral lands;

(e)Legislative appropriations in support of the public schools, and other moneys required by the law of the federal government or of the state of Idaho to be made a part of and cr

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(1) The public school income fund is that fund in the treasury of the state of Idaho to which are credited the following:
(a) Moneys distributed from the public school earnings reserve fund and other sources the legislature deems appropriate;
(b) Proceeds of all state taxes levied for public school purposes;
(c) Grants of moneys from the federal government for public school purposes when other disposition is not specified by law;
(d) Ninety percent (90%) of any moneys received by any department of state government from the federal government from sales, royalties, bonuses or rentals of oil, gas or mineral lands;
(e) Legislative appropriations in support of the public schools, and other moneys required by the law of the federal government or of the state of Idaho to be made a part of and credited to the fund.
(2) Earnings on the investment of idle moneys in the public school income fund shall be paid to the public school income fund.
(3) Moneys in the public school income fund shall be used for the benefit of beneficiaries of the public school endowment and distributed to current beneficiaries of the public school endowment pursuant to legislative appropriation.

Legislative History

[33-903, added 1963, ch. 13, sec. 119, p. 27; am. 1976, ch. 28, sec. 1, p. 63; am. 1984, ch. 180, sec. 1, p. 426; am. 1990, ch. 377, secs. 1, 4, p. 1042; am. 1998, ch. 256, sec. 9, p. 830.]