Idaho § 67-1802 DISTRIBUTION FROM THE IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND

Idaho Statutes

§ 67-1802 — DISTRIBUTION FROM THE IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND

Idaho·Title 67 STATE GOVERNMENT AND STATE AFFAIRS·Ch. 18 IDAHO MILLENNIUM FUND

On the first business day of July, or as soon thereafter as possible, the state treasurer shall distribute to the Idaho millennium income fund five percent (5%) of the Idaho millennium permanent endowment fund’s average monthly fair market value of the first twelve (12) months of the preceding twenty-four (24) months. Provided however, the distribution shall not exceed the Idaho millennium permanent endowment fund’s fair market value on the first business day in July.

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On the first business day of July, or as soon thereafter as possible, the state treasurer shall distribute to the Idaho millennium income fund five percent (5%) of the Idaho millennium permanent endowment fund’s average monthly fair market value of the first twelve (12) months of the preceding twenty-four (24) months. Provided however, the distribution shall not exceed the Idaho millennium permanent endowment fund’s fair market value on the first business day in July.

Idaho § 67-1802 (DISTRIBUTION FROM THE IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.