Idaho § 67-1202 FUNDS OF STATE BOARD OF LAND COMMISSIONERS

Idaho Statutes

§ 67-1202 — FUNDS OF STATE BOARD OF LAND COMMISSIONERS

Idaho § 67-1202

Title 67STATE GOVERNMENT AND STATE AFFAIRS

Ch. 12STATE TREASURER

This text of Idaho § 67-1202 (FUNDS OF STATE BOARD OF LAND COMMISSIONERS) 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 § 67-1202 (2026).

Text

(1)It is the duty of the treasurer in relation to funds within the control of the state board of land commissioners to receive from and receipt to the board for money and evidences of indebtedness, subject, however, to final payment, which are accepted by banks as cash in the ordinary course of business, and to pay out of such funds orders drawn thereon by the board, but every order must specify the particular fund upon which it is drawn.

(2)The treasurer is authorized to invest endowment funds as directed by the endowment fund investment board, or as directed by the state board of land commissioners if not otherwise provided for by law. The costs of investing funds pursuant to this section shall be paid from the funds invested or the earnings on such funds. Any earnings on endowment fun

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(1) It is the duty of the treasurer in relation to funds within the control of the state board of land commissioners to receive from and receipt to the board for money and evidences of indebtedness, subject, however, to final payment, which are accepted by banks as cash in the ordinary course of business, and to pay out of such funds orders drawn thereon by the board, but every order must specify the particular fund upon which it is drawn.
(2) The treasurer is authorized to invest endowment funds as directed by the endowment fund investment board, or as directed by the state board of land commissioners if not otherwise provided for by law. The costs of investing funds pursuant to this section shall be paid from the funds invested or the earnings on such funds. Any earnings on endowment funds shall be deposited and distributed in accordance with section 57-723A, Idaho Code.
(3) It is the duty of the treasurer to serve as the custodian of the public school endowment fund. The treasurer may request any records of the state board of land commissioners related to such fund and any financial records of a bank or trust company keeping custody of the assets of the public school permanent endowment fund pursuant to section 57-721, Idaho Code.

Legislative History

[(67-1202) Based upon 1909, p. 360, secs. 2, 3, and 1909, p. 363, sec. 1; compiled and reen. C.L., sec. 117a; C.S., sec. 158; I.C.A., sec. 65-1102; am. 2007, ch. 284, sec. 1, p. 814; am. 2016, ch. 167, sec. 2, p. 462.]