PUBLIC FUNDS
IN GENERAL
CHAPTER 7
INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS
RESERVE FUNDS
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.