reglab/statecodes huggingface dataset:
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-810 - CASH TRANSFERS FOR PROPERTY TAX RELIEF.

57-810. CASH TRANSFERS FOR PROPERTY TAX RELIEF. Notwithstanding the provisions of section 57-814, Idaho Code, after the close of each fiscal year in 2023, 2024, and 2025, the state controller shall determine any excess cash balance in the general fund. When calculating any excess cash balance, the state controller shall first provide for the ending balance, as determined by the legislative record, to be carried over into the next fiscal year, plus an amount sufficient to cover encumbrances as approved by the division of financial management and an amount sufficient to cover any reappropriation as authorized by the legislature. On July 1, or as soon thereafter as is practicable, of each such year, there is hereby appropriated one hundred fifty million dollars ($150,000,000) or the balance of the general fund excess cash balance, whichever is less, to be transferred as follows:
(1) The state controller shall transfer the first fifty million dollars ($50,000,000) to the homeowner property tax relief account established pursuant to the provisions of section 63-724, Idaho Code; and
(2) The state tax commission shall transfer the remaining moneys to be used for the purpose of property tax relief in the following manner. Fifty percent (50%) of the remaining moneys shall be distributed to the school district facilities fund established pursuant to section 33-911, Idaho Code, and fifty percent (50%) shall be distributed to each county in the proportion that the amount of property taxes levied for the current tax year and approved pursuant to section 63-809, Idaho Code, on all taxable properties in the county bears to the total amount of property taxes levied for the current tax year and approved pursuant to section 63-809, Idaho Code, in all the counties. This amount shall be certified to the county auditor and tax collector by the state tax commission no later than the first Monday in November. Each county shall apply the moneys received as a credit on each property owner’s property tax bill in proportion to the amount of property taxes on the property and shall distribute the moneys in the same manner as if they were property taxes.
History:
[57-810, added 2023, ch. 200, sec. 4, p. 544.]
2023 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) For fiscal year 2025 and each fiscal year thereafter, twenty percent (20%) of the moneys in the tax relief fund is continuously appropriated and shall be transferred to the school district facilities fund established pursuant to section 33-911, Idaho Code.
(3) For fiscal year 2024 and each fiscal year thereafter, the state controller shall transfer thirty-six million dollars ($36,000,000) from the tax relief fund to the state public defense fund established pursuant to section 57-827, Idaho Code.
(4) For fiscal year 2023 and each fiscal year thereafter, the state controller shall transfer the remaining balance of the fund or two hundred thirty-six million dollars ($236,000,000), whichever is less, from the tax relief fund to the general fund.
History:
[57-811, added 2023, ch. 200, sec. 8, p. 545.]
2023 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.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-814 - BUDGET STABILIZATION FUND.

57-814. BUDGET STABILIZATION FUND. (1) There is hereby created in the state treasury the budget stabilization fund for the purpose of meeting general fund revenue shortfalls and to meet expenses incurred as the result of a major disaster declared by the governor. All moneys in the budget reserve account at the date of approval of this act shall be transferred to the budget stabilization fund. Interest earnings from the investment of moneys in this fund by the state treasurer shall be credited to the permanent building account subject to the provisions of section 67-1210, Idaho Code.
(2) Subject to the requirements of section 63-3203, Idaho Code, the state controller shall annually transfer moneys from the general fund to the budget stabilization fund subject to the following criteria:
(a) If the state controller certifies that the receipts to the general fund for the fiscal year just ending have exceeded the receipts of the previous fiscal year by more than four percent (4%), then the state controller shall transfer all general fund collections in excess of said four percent (4%) increase to the budget stabilization fund, up to a maximum of one percent (1%) of the actual general fund collections of the prior fiscal year. The state controller shall make the transfer upon the financial close of the current fiscal year.
(b) The amount of moneys in the budget stabilization fund shall not exceed fifteen percent (15%) of the total general fund receipts for the fiscal year just ending.
(c) The state controller shall transfer moneys in the budget stabilization fund in excess of the limit imposed in subsection (2)(b) of this section to the general fund.
(3) If a majority of the membership of each house of the legislature adopt a concurrent resolution requesting the amount of the transfer specified in subsection (2) of this section be reduced, the state controller shall reduce the amount of the transfer.
(4) Appropriations of moneys from the budget stabilization fund in any year shall be limited to fifty percent (50%) of the fund balance after the fund balance has reached ten percent (10%) of total general fund receipts for the fiscal year just ending.
History:
[57-814, added 2015, ch. 341, sec. 9, p. 1287; am. 2020, ch. 112, sec. 1, p. 355.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-814A - TRANSFER FROM BUDGET STABILIZATION FUND TO GENERAL FUND.

57-814A. TRANSFER FROM BUDGET STABILIZATION FUND TO GENERAL FUND. At the end of the fiscal year, if the state board of examiners determines that insufficient general fund moneys are available to meet the level of general fund appropriations authorized by the legislature for that same fiscal year, the board is hereby authorized to transfer certain unencumbered moneys from the budget stabilization fund to the general fund. Such transfers will be the final accounting adjustment to close the fiscal year and shall be limited to the amount of the insufficiency or one-half of one percent (.5%) of the original general fund appropriations made for the fiscal year just ending, whichever is less. Any transfer made pursuant to this section from the budget stabilization fund to the general fund shall be specifically addressed in the governor’s executive budget recommendation for the following year which is then subject to review or action by the legislature.
History:
[57-814A, added 1998, ch. 386, sec. 1, p. 1188; am. 2000, ch. 280, sec. 2, p. 903.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-815 - IDAHO AG IN THE CLASSROOM.

57-815. IDAHO AG IN THE CLASSROOM. (1) There is hereby created an independent body corporate and politic to be known as Idaho ag in the classroom for the purpose of developing and presenting through the joint efforts of the United States department of agriculture, the state department of agriculture, educators at all levels, and representatives of agricultural organizations statewide and nationwide, an educational program that will provide students in kindergarten through grade twelve (12) with a better understanding of the crucial role of agriculture in all aspects of society and of how Idaho agriculture relates to the rest of the world.
(2) Moneys transferred by the Idaho transportation department to Idaho ag in the classroom pursuant to section 49-417B, Idaho Code, shall be used by Idaho ag in the classroom for the purpose of developing and presenting educational programs pursuant to subsection (1) of this section and all moneys so transferred are hereby continuously appropriated for this purpose. The right is reserved to the state of Idaho to audit the funds of Idaho ag in the classroom at any time.
History:
[57-815, added 1986, ch. 85, sec. 1, p. 249; am. 1996, ch. 1, sec. 1, p. 3; am. 2008, ch. 205, sec. 1, p. 659; am. 2009, ch. 114, sec. 2, p. 369.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-816 - DRUG AND DRIVING WHILE UNDER THE INFLUENCE ENFORCEMENT DONATION FUND.

57-816. DRUG AND DRIVING WHILE UNDER THE INFLUENCE ENFORCEMENT DONATION FUND. (1) There is hereby created in the state operating fund the drug and driving while under the influence enforcement donation fund. Moneys in the fund may be appropriated only for programs designed to control or eliminate illicit drug traffic or to enforce statutory provisions related to driving while under the influence, and for law enforcement functions associated with such control or enforcement.
(2) Separate and apart from any other moneys in the fund, moneys deposited in the fund pursuant to section 37-2735A, Idaho Code, shall be used exclusively to support a twenty-four (24) hour anonymous hotline and reward system, including any advertising for and about such system, for the reporting of drug violations.
History:
[57-816, added 1987, ch. 337, sec. 5, p. 712; am. 2006, ch. 113, sec. 2, p. 308; am. 2009, ch. 108, sec. 8, p. 359.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-817 - UNITED STATES OLYMPIC ACCOUNT.

57-817. UNITED STATES OLYMPIC ACCOUNT. (1) There is hereby created in the dedicated fund the United States olympic account. Moneys in the account are continuously appropriated to the United States olympic committee, which is a congressionally chartered corporation under public law 95-606–36 USC 371 et seq. Moneys in the account must be paid at least annually to the United States olympic committee.
History:
[57-817, added 1987, ch. 337, sec. 6, p. 712.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-818 - EQUINE EDUCATION ACCOUNT.

57-818. EQUINE EDUCATION ACCOUNT. There is hereby created in the state treasury the equine education account. Moneys in the account shall be appropriated only to the university of Idaho social science research unit for the purpose of funding the Idaho horse census survey, and as provided for in this section. Each periodic update of the survey shall be initiated by the Idaho horse council and a negotiated contract agreed upon between the university of Idaho social science research unit and the Idaho horse council. The social science research unit will invoice the equine education account for distribution. Any unexpended appropriation balances after contractual obligations are satisfied may be expended on education or research projects by the university of Idaho as agreed upon by the Idaho horse council.
History:
[57-818, added 1990, ch. 399, sec. 2, p. 1120; am. 1994, ch. 180, sec. 116, p. 501; am. 2014, ch. 47, sec. 1, p. 124.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-819 - ALZHEIMER’S DISEASE SERVICES ACCOUNT.

57-819. ALZHEIMER’S DISEASE SERVICES ACCOUNT. There is hereby created in the dedicated fund of the state treasury, the Alzheimer’s disease services account. Moneys in the account shall be appropriated to the Idaho chapter of the Alzheimer’s disease and related disorders association for use in services for and support of families and victims of Alzheimer’s disease who are residents of the state of Idaho.
History:
[57-819, added 1991, ch. 183, sec. 2, p. 448.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-820 - THE IDAHO GUARD AND RESERVE FAMILY SUPPORT FUND.

57-820. THE IDAHO GUARD AND RESERVE FAMILY SUPPORT FUND. There is hereby created in the state treasury, the Idaho guard and reserve family support fund. Moneys in the fund shall be continuously appropriated to the "Idaho Guard and Reserve Family Support Fund, Inc." for support of members and families of members of the national guard and reserve who are residents of the state of Idaho or members of national guard or reserve units located in Idaho. The state treasurer shall invest idle moneys in the fund and interest earned from such investments shall be returned to the fund.
History:
[57-820, added 2005, ch. 104, sec. 2, p. 329; am. 2006, ch. 370, sec. 1, p. 1108.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-821 - AMERICAN RED CROSS OF GREATER IDAHO FUND.

57-821. AMERICAN RED CROSS OF GREATER IDAHO FUND. There is hereby created in the state treasury, the American red cross of greater Idaho fund. Moneys in the fund shall be appropriated to the Idaho chapter of the American red cross to provide disaster relief services, emergency preparation and prevention services and communication services between the armed forces and families. Moneys in the fund shall be appropriated for use in Idaho only.
History:
[57-821, added 2006, ch. 88, sec. 3, p. 260.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-822 - INL SETTLEMENT FUND.

57-822. INL SETTLEMENT FUND. (1) There is hereby established in the state treasury a fund, separate and apart from all other public moneys or funds of this state, to be known as the INL settlement fund.
(2) The fund shall consist of all payments received from the U.S. department of energy, or a successor agency, pursuant to the 1995 court approved settlement between the state of Idaho, the U.S. department of energy and the U.S. navy.
(3) Moneys in the fund may be expended by the office of the governor, consistent with the terms of the court approved settlement, to mitigate the impacts of the Idaho national laboratory workforce restructuring on the Idaho economy by furthering the creation of sustainable jobs and diversification of the southeastern Idaho economy, and for other purposes mutually acceptable to the governor of the state of Idaho and the U.S. department of energy.
(4) All moneys placed in the fund are hereby continuously appropriated to the office of the governor for the purposes described in this section.
(5) Pending use, surplus moneys in the fund shall be invested by the state treasurer in the same manner as provided under section 67-1210, Idaho Code. Interest earned on the investments shall be returned to the fund.
History:
[(57-822) 67-806A, added 1997, ch. 244, sec. 1, p. 708; am. & redesig. 2007, ch. 83, sec. 12, p. 235.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-823 - SPECIAL OLYMPICS IDAHO FUND.

57-823. SPECIAL OLYMPICS IDAHO FUND. There is hereby created in the state treasury the "Special Olympics Idaho Fund." Moneys in the fund shall be appropriated to the Idaho chapter of special olympics for athletic programs and health screenings for Idaho children and adults with developmental disabilities. Fund moneys will be used to buy sports equipment, uniforms and transportation services. Donations to the fund will also be used to provide school enrichment programs to children with or without disabilities and health screenings for athletes with developmental disabilities. Funds will also be used for training expenses and year-round event competition. Moneys in the fund shall be appropriated for use in Idaho only.
History:
[57-823, added 2008, ch. 218, sec. 2, p. 676.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-824 - IDAHO FOOD BANK FUND.

57-824. IDAHO FOOD BANK FUND. There is hereby created in the state treasury, the Idaho food bank fund. Moneys in the fund shall be appropriated to the Idaho food bank to provide food, information and support services to hungry people throughout this state through partnerships with nonprofit agencies, the food industry, government, volunteers, corporations and individuals by serving as a central clearinghouse for donated and purchased food.
History:
[57-824, added 2009, ch. 63, sec. 3, p. 174.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-825 - STATE-DIRECTED OPIOID SETTLEMENT FUND — USE OF FUND MONEYS — RECOMMENDATIONS.

57-825. STATE-DIRECTED OPIOID SETTLEMENT FUND — USE OF FUND MONEYS — RECOMMENDATIONS. (1) There is hereby established in the state treasury the state-directed opioid settlement fund, to be managed by the state treasurer. Moneys in the fund shall consist of:
(a) Moneys received by the state of Idaho pursuant to settlements and judgments obtained by the state relating to opioids;
(b) Legislative appropriations to the fund;
(c) Any bequests or donations to the fund; and
(d) Interest earned on idle moneys in the fund.
(2) Moneys in the state-directed opioid settlement fund shall be used as determined by legislative appropriation, provided that such moneys must be used only in accordance with the terms of the applicable settlement or judgment and for purposes relating to opioid abuse prevention and recovery programs.
(3) The Idaho behavioral health council shall meet as necessary and make recommendations to the governor and the joint finance-appropriations committee as to how moneys from the state-directed opioid settlement fund should be used. Such recommendations must be submitted to the governor on or before September 1 in the year before the legislative session in which the Idaho behavioral health council recommendations are presented to the joint finance-appropriations committee.
History:
[57-825, added 2021, ch. 268, sec. 1, p. 817; am. 2022, ch. 289, sec. 1, p. 920.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-826 - TWENTY-SEVENTH PAYROLL FUND.

57-826. TWENTY-SEVENTH PAYROLL FUND. There is hereby created in the state treasury the twenty-seventh payroll fund for the purpose of meeting the general fund payroll costs for state employees in years in which the state incurs a twenty-seventh payroll. The account shall consist of any moneys made available through legislative transfers, appropriations, or as otherwise provided by law. Interest earnings from the investment of moneys in this fund by the state treasurer shall be returned to the fund.
History:
[(57-826) 57-825, added 2021, ch. 3, sec. 1, p. 4; am. and redesig. 2022, ch. 111, sec. 30, p. 391.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 8 - FUNDS CONSOLIDATION ACT › Section 57-827 - STATE PUBLIC DEFENSE FUND.

57-827. STATE PUBLIC DEFENSE FUND. [EFFECTIVE UNTIL JULY 1, 2024] (1) There is hereby established in the state treasury the state public defense fund to be managed by the state treasurer. Moneys in the fund shall consist of:
(a) Moneys transferred to the fund pursuant to section 57-811, Idaho Code;
(b) Legislative appropriations to the fund;
(c) On and after October 1, 2024, any fees or reimbursement ordered pursuant to section 19-854(7) and 19-858, Idaho Code, or distributed pursuant to section 31-3201I(16), Idaho Code;
(d) Any bequests or donations to the fund; and
(e) Interest earned on idle moneys in the fund.
(2) Moneys in the fund shall be used as determined by legislative appropriation to fulfill the state’s obligation to provide indigent public defense pursuant to the sixth amendment of the United States constitution and section 13, article I of the constitution of the state of Idaho.
57-827. STATE PUBLIC DEFENSE FUND. [EFFECTIVE JULY 1, 2024] (1) There is hereby established in the state treasury the state public defense fund to be managed by the state treasurer. Moneys in the fund shall consist of:
(a) Moneys transferred to the fund pursuant to section 57-811, Idaho Code;
(b) Legislative appropriations to the fund;
(c) On and after October 1, 2024, any fees or reimbursement ordered pursuant to sections 19-6011(7) and 19-6015, Idaho Code, or distributed pursuant to section 31-3201I(16), Idaho Code;
(d) Any bequests or donations to the fund; and
(e) Interest earned on idle moneys in the fund.
(2) Moneys in the fund shall be used as determined by legislative appropriation to fulfill the state’s obligation to provide indigent public defense pursuant to the sixth amendment of the United States constitution and section 13, article I of the constitution of the state of Idaho.
History:
[57-827, added 2022, ch. 318, sec. 58, p. 1030; am. 2023, ch. 200, sec. 9, p. 546; am. 2023, ch. 220, sec. 38, p. 685.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-903 - FINDINGS OF STATE INTERESTS — PURPOSES.

57-903. FINDINGS OF STATE INTERESTS — PURPOSES. (1) The code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of obligations in such form. It is a purpose of this act to empower all public entities to establish and maintain a system pursuant to which obligations may be issued in registered form within the meaning of the applicable provisions of the code.
(2) Obligations have traditionally been issued in bearer rather than in registered form, and a change from bearer to registered form may affect the relationships, rights and duties of issuers of and the persons that deal with obligations, and by such effect, the costs. Such effects will impact the various issuers and varieties of obligations differently depending on their legal and financial characteristics, their markets and their adaptability to recent and prospective technological and organizational developments. It is, therefore, a matter of state concern that public entities be provided flexibility in the development of such systems and control over system incidents, so as to accommodate such differing impacts. It is a purpose of this act to empower the establishment and maintenance, and amendment from time to time, of differing systems of registration of obligations, including system incidents, so as to accommodate the differing impacts upon issuers and varieties of obligations. It is further a purpose of this act to authorize systems that will facilitate the prompt and accurate transfer of registered public obligations and develop practices with regard to the registration and transfer of registered public obligations.
History:
[57-903, added 1983, ch. 98, sec. 1, p. 212.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-905 - CERTIFICATED REGISTERED PUBLIC OBLIGATION — EXECUTION — AUTHENTICATION.

57-905. CERTIFICATED REGISTERED PUBLIC OBLIGATION — EXECUTION — AUTHENTICATION. (1) A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer.
(2) In addition to the signature referred to in subsection (1) of this section any certificated registered public obligation or any writing relating to an uncertificated registered public obligation may include a certificate or certificates signed by the manual or facsimile signature of an authenticating agent, registrar, transfer agent or the like.
(3) At least one (1) signature of an authorized officer or other person required or permitted to be placed on a certificated registered public obligation shall be a manual signature.
History:
[57-905, added 1983, ch. 98, sec. 1, p. 214.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-906 - CERTIFICATED REGISTERED PUBLIC OBLIGATION — SIGNATURES.

57-906. CERTIFICATED REGISTERED PUBLIC OBLIGATION — SIGNATURES. (1) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of such officers shall have ceased to fill their respective offices.
(2) Any authorized officer empowered to sign any certificated registered public obligation may adopt as and for the signature of such officer the signature of a predecessor in office in the event that such predecessor’s signature appears on such certificated registered public obligation. An authorized officer incurs no liability by adoption of a predecessor’s signature that would not be incurred by the authorized officer if the signature were that of the authorized officer.
History:
[57-906, added 1983, ch. 98, sec. 1, p. 214.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-907 - CERTIFICATED REGISTERED PUBLIC OBLIGATION — SEAL.

57-907. CERTIFICATED REGISTERED PUBLIC OBLIGATION — SEAL. When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile thereon. The facsimile seal has the same legal effect as the impression of the seal.
History:
[57-907, added 1983, ch. 98, sec. 1, p. 214.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-908 - AGENTS — DEPOSITORIES.

57-908. AGENTS — DEPOSITORIES. (1) An issuer may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying or other agents and specify the terms of their appointment, including their rights, their compensation and duties, limits upon their liabilities and provisions for their payment of liquidated damages in the event of breach of certain of the duties imposed, which liquidated damages may be made payable to the issuer, the owner or a financial intermediary. None of such agents need have an office or do business within this state.
(2) An issuer may agree with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of registered public obligations. Any such custodian banks and financial intermediaries, and nominees, may, if qualified and acting as fiduciaries, also serve as authenticating agents, transfer agents, registrars, paying or other agents of the issuer with respect to the same issue of registered public obligations.
(3) Nothing shall preclude the issuer from itself performing, either alone or jointly with other issuers, any transfer, registration, authentication, payment or other function described in this section.
History:
[57-908, added 1983, ch. 98, sec. 1, p. 214.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-909 - COSTS — COLLECTION.

57-909. COSTS — COLLECTION. (1) An issuer, prior to or at original issuance of registered public obligations, may provide as part of a system of registration that the transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system as a condition precedent to transfer, that costs be paid out of proceeds of the registered public obligations, or that both methods be used. The portion of the costs of the system not provided to be paid for by the transferor or transferee or out of proceeds shall be the liability of the issuer.
(2) The issuer may as a part of a system of registration provide for reimbursement or for satisfaction of its liability by payment by others. The issuer may enter into agreements with others respecting such reimbursement or payment, may establish fees and charges pursuant to such agreements or otherwise, and may provide that the amount or estimated amount of such fees and charges shall be reimbursed or paid from the same sources and by means of the same collection and enforcement procedures and with the same priority and effect as with respect to the obligation.
History:
[57-909, added 1983, ch. 98, sec. 1, p. 215.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-910 - DEPOSITS FOR SECURITY.

57-910. DEPOSITS FOR SECURITY. Obligations issued by public entities under the laws of one or more states, territories, possessions, or the District of Columbia, which are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with regard to security for deposits of moneys of public agencies prescribed pursuant to any law of this state, shall be deemed to satisfy all such requirements even though they are in registered form if a security interest in such obligations is perfected on behalf of the public agency whose moneys are so deposited.
History:
[57-910, added 1983, ch. 98, sec. 1, p. 215.]
2023 Idaho Code › Title 57 - PUBLIC FUNDS IN GENERAL › Chapter 9 - PUBLIC OBLIGATIONS REGISTRATION ACT › Section 57-911 - PUBLIC RECORDS — LOCATIONS.

57-911. PUBLIC RECORDS — LOCATIONS. (1) Records, with regard to the ownership of or security interests in registered public obligations shall be subject to disclosure according to chapter 1, title 74, Idaho Code.
(2) Registration records of the issuer may be maintained at such locations within or without this state as the issuer shall determine.
History:
[57-911, added 1983, ch. 98, sec. 1, p. 215; am. 1990, ch. 213, sec. 87, p. 552; am. 2015, ch. 141, sec. 156, p. 500.]