reglab/housing_qa huggingface dataset:
ID Code § 57-603 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 6 - SINKING FUNDS — MISCELLANEOUS PROVISIONS|Section 57-603 - WRONGFUL DISBURSEMENT FROM SINKING FUND — LIABILITY OF MEMBER OR DISBURSING OFFICER OF TAXING BOARD — ENFORCEMENT.

57-603. WRONGFUL DISBURSEMENT FROM SINKING FUND — LIABILITY OF MEMBER OR DISBURSING OFFICER OF TAXING BOARD — ENFORCEMENT. Any member of any taxing board, or any disbursing officer thereof, who shall vote for the expenditure of, or expend or disburse, any money from any sinking fund for any purpose other than that for which such fund was created, shall be personally liable, together with his bondsmen, for all money so paid out, disbursed or expended. The prosecuting attorney of the county in which such taxing district or any part thereof is situated shall, upon the demand of any taxpayer, commence a proper civil action against such person or persons and his or their bondsmen, and prosecute the same to final judgment for the purpose of collecting the full amount for which they are liable; and the amount of the judgment or any part thereof when collected shall be placed in the sinking fund from which such moneys were illegally taken.  History: [(57-603) 1929, ch. 159, sec. 1, p. 289; I.C.A., sec. 55-603.]
ID Code § 57-604 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 6 - SINKING FUNDS — MISCELLANEOUS PROVISIONS|Section 57-604 - LIMITATION ON APPLICATION OF PRECEDING SECTION.

57-604. LIMITATION ON APPLICATION OF PRECEDING SECTION. Section 57-603 shall not affect the right of taxing districts to invest sinking fund moneys pursuant to law.  History: [(57-604) 1929, ch. 159, sec. 2, p. 289; I.C.A., sec. 55-604.]
ID Code § 57-715 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-715 - PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS.

57-715. PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS. Permanent endowment funds of the state of Idaho are hereby declared to be trust funds of the highest and most sacred order and shall be controlled, managed and invested by the investment board and the investment manager(s) or custodian(s) in accordance with the highest standard, as directed by law and according to policies established by the state board of land commissioners, and as hereinafter provided.  History: [57-715, added 1969, ch. 244, sec. 2, p. 764; am. 1972, ch. 69, sec. 1, p. 140; am. 1998, ch. 256, sec. 33, p. 838.]
ID Code § 57-716 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-716 - INVESTMENT OF PROCEEDS OF THE SALES OF PUBLIC LANDS.

57-716. INVESTMENT OF PROCEEDS OF THE SALES OF PUBLIC LANDS. The proceeds of the sales of endowment lands of the state, if not deposited into the land bank fund established in section 58-133, Idaho Code, and used to purchase other lands, shall be deposited into the appropriate permanent endowment funds and must be invested for and on account of the specific purposes for which the lands were granted.  History: [57-716, added 1969, ch. 244, sec. 3, p. 764; am. 1998, ch. 256, sec. 34, p. 838.]
ID Code § 57-717 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-717 - DEFINITIONS.

57-717. DEFINITIONS. The following words and phrases, when used in this chapter, shall, for the purposes of this chapter, have the meanings respectively ascribed to them in this section, except in those instances where the context clearly indicates a different meaning: (1) "Board" and "investment board" mean the endowment fund investment board herein established. (2) "Endowment fund" means the financial proceeds of lands granted to or acquired by the state by or from the general government and managed by the state board of land commissioners pursuant to section 8, article IX, of the constitution of the state of Idaho. (3) "Income" means dividends and interest, which shall be distributable income within the meaning of this chapter.  History: [57-717, added 1969, ch. 244, sec. 4, p. 764; am. 1972, ch. 69, sec. 2, p. 140; am. 1974, ch. 22, sec. 51, p. 592; am. 2007, ch. 263, sec. 1, p. 779.]
ID Code § 57-718 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-718 - ESTABLISHMENT OF INVESTMENT BOARD — MEMBERS — QUALIFICATIONS.

57-718. ESTABLISHMENT OF INVESTMENT BOARD — MEMBERS — QUALIFICATIONS. There is hereby established in the state board of land commissioners an endowment fund investment board, hereinafter referred to as the "investment board." This investment board shall consist of members hereinafter designated who shall be appointed by the governor subject to senate confirmation. The members of the investment board subject to appointment shall be: one (1) citizen with a minimum of ten (10) years’ broad experience in the field of public educational administration, one (1) member of the Idaho senate, one (1) member of the Idaho house of representatives, and six (6) public members from the citizenry at large who are knowledgeable and experienced in financial matters and the placement or management of investment assets.  History: [57-718, added 1969, ch. 244, sec. 5, p. 764; am. 1974, ch. 22, sec. 52, p. 592; am. 1975, ch. 244, sec. 1, p. 655; am. 1998, ch. 256, sec. 35, p. 839.]
ID Code § 57-719 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-719 - BOARD — APPOINTMENT OF MEMBERS — TERM — REMOVAL — VACANCIES — ORGANIZATION — QUORUM — MEETINGS — COMPENSATION.

57-719. BOARD — APPOINTMENT OF MEMBERS — TERM — REMOVAL — VACANCIES — ORGANIZATION — QUORUM — MEETINGS — COMPENSATION. The members of the board appointed by the governor shall serve for terms of four (4) years, provided that for the first term the governor shall appoint three (3) members who shall serve for a term of two (2) years, two (2) members who shall serve for a term of three (3) years, and two (2) members who shall serve for a term of four (4) years. Members of the board shall serve until their successors have been selected and qualified. A member of the board appointed by the governor shall not hold an office, position, or employment in a political party, with the exception of those members from the house of representatives and the senate. An appointed member may be removed from the board for cause by a two-thirds (2/3) vote of the full board. A vacancy in the appointive membership of the board during a term thereof shall be filled by appointment by the governor for the unexpired term. There shall be a chairman of the board elected by a majority of the members of the board. A majority of the members of the board shall constitute a quorum for the transaction of business. The meetings of the board shall be held at least quarterly and at other times upon the call of the chairman or a majority of the board. The board members appointed hereunder shall be compensated as provided by section 59-509(p), Idaho Code.  History: [57-719, added 1969, ch. 244, sec. 6, p. 764; am. 1975, ch. 244, sec. 2, p. 655; am. 1980, ch. 247, sec.77, p. 645; am. 1992, ch. 109, sec. 1, p. 338; am. 2000, ch. 65, sec. 1, p. 146; am. 2009, ch. 19, sec. 1, p. 45; am. 2017, ch. 90, sec. 1, p. 237; am. 2018, ch. 65, sec. 1, p. 156.]
ID Code § 57-720 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-720 - INVESTMENT AUTHORITY — INVESTMENT POLICIES — ANNUAL AUDIT.

57-720. INVESTMENT AUTHORITY — INVESTMENT POLICIES — ANNUAL AUDIT. (1) The investment board or its investment manager(s) may, and are hereby authorized to, invest the permanent endowment funds and the earnings reserve funds of the state of Idaho and other moneys as required by law. The investment board may, with the approval of the state board of land commissioners, invest other funds that are exempt from section 67-1210, Idaho Code, provided however, that the costs of investment of such funds may be deducted by the investment board from investment proceeds. (2) The funds invested by the investment board may be combined or pooled for investment. (3) Earnings reserve funds shall be accounted for separately from permanent endowment funds. (4) Prior to the annual calculation of gains and losses pursuant to section 57-724, Idaho Code, the investment board shall allocate the end of fiscal year market value between the permanent endowment funds and the earnings reserve funds. This allocation shall be made based upon the proportion that the market value of the permanent endowment funds and the market value of the earnings reserve funds bear to the combined market value of both sets of funds, at the end of the fiscal year. (5) The investment board shall formulate investment policies governing the investment of permanent endowment funds and earnings reserve funds and the investment of other funds accepted for investment by the investment board pursuant to subsection (1) of this section. The policies shall pertain to the types, kinds or nature of investment of any of the funds, and any limitations, conditions or restrictions upon the methods, practices or procedures for investment, reinvestments, purchases, sales or exchange transactions, provided such policies shall not conflict with nor be in derogation of any Idaho constitutional provision or of the provisions of this chapter. (6) Annually, the investment board shall cause an audit to be conducted of the investment of permanent endowment funds and earnings reserve funds, such audit to be conducted by a recognized certified public accountant. The certified public accountant conducting the audit shall not be an employee of the state. The expense of such audit shall be paid from earnings reserve funds. (7) The state treasurer shall invest the income funds of the respective endowment funds and distribute the moneys in the income funds according to legislative appropriation.  History: [57-720, added 1969, ch. 244, sec. 7, p. 764; am. 1972, ch. 69, sec. 3, p. 140; am. 1975, ch. 197, sec. 1, p. 549; am. 1998, ch. 256, sec. 36, p. 839; am. 2001, ch. 254, sec. 1, p. 919; am. 2004, ch. 96, sec. 1, p. 341; am. 2004, ch. 132, sec. 1, p. 451; am. 2007, ch. 263, sec. 2, p. 780.]
ID Code § 57-721 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-721 - MANAGEMENT BY MANAGER OF INVESTMENTS — APPOINTMENT OF CUSTODIAN.

57-721. MANAGEMENT BY MANAGER OF INVESTMENTS — APPOINTMENT OF CUSTODIAN. (1) The investment board shall contract with or employ a manager of investments to manage the permanent endowment funds, the earnings reserve funds, and such other funds as the investment board is authorized to invest. The manager of investments who is employed or contracted with shall, subject to the direction of the investment board, exert control over the funds as though the manager of investments were the owner thereof. (2) The investment board may select and contract with a minimum of one (1) bank or trust company to act as custodian of fund assets and provide safekeeping thereof.  History: [57-721, added 1969, ch. 244, sec. 8, p. 764; am. 1972, ch. 69, sec. 4, p. 140; am. 1997, ch. 162, sec. 1, p. 467; am. 1998, ch. 256, sec. 37, p. 839; am. 2000, ch. 65, sec. 2, p. 146; am. 2007, ch. 263, sec. 3, p. 781.]
ID Code § 57-723 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-723 - INVESTMENT POWERS OF THE BOARD — APPLICATION OF IDAHO UNIFORM PRUDENT INVESTOR ACT.

57-723. INVESTMENT POWERS OF THE BOARD — APPLICATION OF IDAHO UNIFORM PRUDENT INVESTOR ACT. Any other sections of the Code notwithstanding, the investment board or its investment manager(s) or custodian(s) shall have the care and control of all investment instruments representing mortgages, bonds, warrants, investments and other securities in which the permanent endowment funds and earnings reserve funds of the state shall be invested. The investment board and its investment manager(s) shall be governed by the Idaho uniform prudent investor act (chapter 5, title 68, Idaho Code), and shall invest and manage the assets of the respective trusts in accordance with that act and the Idaho constitution.  History: [57-723, added 1969, ch. 244, sec. 10, p. 764; am. 1972, ch. 69, sec. 6, p. 140; am. 1998, ch. 256, sec. 39, p. 840.]
ID Code § 57-723A (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-723A - DEPOSIT AND DISTRIBUTION OF EARNINGS RESERVE FUNDS — INCOME FUNDS — ADMINISTRATIVE COSTS.

57-723A. DEPOSIT AND DISTRIBUTION OF EARNINGS RESERVE FUNDS — INCOME FUNDS — ADMINISTRATIVE COSTS. (1) As directed by the state board of land commissioners, the investment board shall distribute the earnings from the investments or securities in accordance with this act and the laws governing the respective endowment funds. Earnings from the investment of permanent endowment funds related to state land grants shall be deposited into each endowment’s respective earnings reserve fund for distribution as provided in this section. (2) At least annually, the state board of land commissioners shall distribute moneys constituting earnings reserve funds, in excess of the amount necessary to pay administrative costs, to the income funds of the respective endowments, to each endowment’s respective permanent endowment fund or maintained as a free fund balance in the earnings reserve funds, in amounts to be determined by the state board of land commissioners. (3) Moneys in the earnings reserve funds shall be available for appropriation by the legislature to pay for administrative costs incurred managing the assets of the endowments including, but not limited to, real property and monetary assets.  History: [57-723A, added 1998, ch. 256, sec. 40, p. 840.]
ID Code § 57-724A (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-724A - EARNINGS DEFINED.

57-724A. EARNINGS DEFINED. "Earnings" shall mean all revenues generated from the management of endowment lands and their related endowment funds including, but not limited to, timber sale proceeds, lease fees, interest, dividends, and gains as defined in section 57-724, Idaho Code; provided however, for the permanent fund of each endowment, on and after July 1 of the calendar year following the first calendar year in which gains, as calculated under the provisions of section 57-724, Idaho Code, have been achieved by the permanent fund of such endowment fund, dividends and interest shall be incorporated into the calculation of gains as defined in section 57-724, Idaho Code, and shall not be a separate item of earnings for such permanent fund. "Earnings" does not include mineral royalties or land sale proceeds.  History: [57-724A, added 1998, ch. 256, sec. 43, p. 841; am. 2001, ch. 254, sec. 3, p. 920; am. 2004, ch. 132, sec. 3, p. 453; am. 2006, ch. 44, sec. 2, p. 134.]
ID Code § 57-725 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-725 - REPORTS TO THE STATE BOARD OF LAND COMMISSIONERS.

57-725. REPORTS TO THE STATE BOARD OF LAND COMMISSIONERS. The investment board shall make reports to the state board of land commissioners as directed by the state board of land commissioners.  History: [57-725, added 1969, ch. 244, sec. 12, p. 764; am. 1972, ch. 69, sec. 8, p. 140; am. 1975, ch. 197, sec. 4, p. 549; am. 1997, ch. 162, sec. 3, p. 468; am. 1998, ch. 256, sec. 44, p. 841.]
ID Code § 57-727 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 7 - INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS|Section 57-727 - MANAGER OF INVESTMENTS — STAFF — LEGAL ADVISORS.

57-727. MANAGER OF INVESTMENTS — STAFF — LEGAL ADVISORS. (1) With the approval of two-thirds (2/3) of the members of the board, a manager of investments and other portfolio managers may be employed or contracted with who shall perform such managerial activities and functions as the board may direct. The manager of investments and portfolio managers shall serve at the pleasure of the board in nonclassified positions, if such persons are employees. The manager of investments and portfolio managers may either be employed by the board or serve pursuant to contract. The salary or compensation of the manager of investments and portfolio managers shall be set by the board, subject to approval of the governor, and be paid from appropriations made therefor. The manager of investments and portfolio managers shall be bonded in an amount established by the board if these persons are employees. If these functions are performed pursuant to contract, the contract shall contain a clause to provide for bonding of the contractor’s personnel. (2) The board may authorize the employment of whatever staff it deems necessary for the administration of the board’s business. The manager of investments may hire portfolio managers and other necessary staff who shall hold their respective positions subject to the rules of the administrator of the division of human resources promulgated pursuant to chapter 52, title 67, Idaho Code. The salaries of all staff members shall be paid from appropriations made therefor. (3) The director of the department of finance shall have access to any and all books and records maintained by the manager of investments and his staff as the board may deem necessary. (4) The board shall be furnished adequate and qualified legal advisors by the attorney general’s office. (5) All current expenses, capital outlay, and travel expenses shall be paid from appropriations made therefor. (6) The board shall, upon request of the agency involved, furnish advice to the treasurer, the manager of the state insurance fund, and the public employee retirement board, and the board may, upon request of the agency, invest funds of the requesting agency.  History: [57-727, as added by 1971, ch. 262, sec. 1, p. 1060; am. 1974, ch. 22, sec. 54, p. 592; am. 1977, ch. 206, sec. 1, p. 570; am. 1977, ch. 229, sec. 2, p. 683; am. 1986, ch. 68, sec. 1, p. 193; am. 1997, ch. 162, sec. 4, p. 469; am. 1999, ch. 370, sec. 24, p. 1009; am. 2000, ch. 65, sec. 3, p. 146.]
ID Code § 57-811 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 8 - FUNDS CONSOLIDATION ACT|Section 57-811 - TAX RELIEF FUND.

57-811. TAX RELIEF FUND. (1) There is hereby created in the state treasury the tax relief fund to which shall be credited all moneys remitted from sections 63-3620F and 63-3638, Idaho Code, from federal grants, donations, or any other source. Moneys in the fund are intended to fund future tax relief statutes enacted by the legislature and may be expended pursuant to appropriation. All interest earned on the investment of idle moneys in the fund shall be returned to the fund. (2) On July 15, 2021, the state controller shall transfer one hundred eighty million dollars ($180,000,000) from the tax relief fund to the 2021 Idaho tax rebate fund. (3) For fiscal year 2022 and each fiscal year thereafter, the state controller shall transfer one hundred ten million dollars ($110,000,000) from the tax relief fund to the general fund.  History: [57-811, added 2014, ch. 339, sec. 1, p. 854; am. 2019, ch. 320, sec. 5, p. 951; am. 2021, ch. 342, sec. 4, p. 1042.]
ID Code § 57-812 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 8 - FUNDS CONSOLIDATION ACT|Section 57-812 - CONSOLIDATION INTO ROTARY FUND.

57-812. CONSOLIDATION INTO ROTARY FUND. (1) Those accounting entities on the records of the state controller and state treasurer, commonly referred to as "rotary funds," but which are not recognized or created by law, may be consolidated into the rotary fund as accounts by the state controller, utilizing such numbering and identification sequence as fits the needs of the state’s accounting system. (2) All financial transactions of the rotary fund, including the receipt of moneys and payments by warrant, shall be maintained on the account level within the rotary fund. The state controller and the state treasurer may prescribe requirements for this purpose. (3) After July 1, 1977, accounts within the rotary fund may be established in the manner provided by sections 67-2019 through 67-2022, Idaho Code, with the numbering and identification sequence to be assigned by the state controller.  History: [57-812, added 1976, ch. 51, sec. 2, p. 170; am. 1994, ch. 180, sec. 114, p. 500.]
ID Code § 57-813 (2021)
2021 Idaho Code|Title 57 - PUBLIC FUNDS IN GENERAL|Chapter 8 - FUNDS CONSOLIDATION ACT|Section 57-813 - CATASTROPHIC HEALTH CARE COST ACCOUNT.

57-813. CATASTROPHIC HEALTH CARE COST ACCOUNT. (1) There is hereby created in the state treasury an account to be designated the "Catastrophic Health Care Cost Account." The account shall be used solely for payment of insurance premiums, payment of eligible claims beyond the eleven thousand dollar ($11,000) county deductible or payment of the expenses of administering the catastrophic health care cost account. (2) The administrator of the catastrophic health care cost program may retain counsel. (3) All moneys placed in the account are hereby perpetually appropriated to the administrator of the catastrophic health care cost program for purposes of this program. All expenditures from the account shall be paid out in warrants drawn by the state controller upon presentation of proper vouchers from the administrator. Pending use, surplus moneys in the account shall be invested by the state treasurer in the same manner as prescribed in section 67-1210, Idaho Code, with respect to surplus or idle moneys in the state treasury. Interest earned on the investments shall be returned to the account.  History: [57-813, added 1982, ch. 190, sec. 6, p. 511; repealed 1990, ch. 87, sec. 1, p. 178; reinstated and am. 1991, ch. 233, sec. 17, p. 562; am. 1994, ch. 180, sec. 115, p. 500; am. 1995, ch. 9, sec. 4, p. 16; am. 2012, ch. 107, sec. 13, p. 297.]