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|   Idaho Statutes
ati54156.tmp
TITLE 67 STATE GOVERNMENT AND STATE AFFAIRS CHAPTER 16 CAPITOL BUILDING AND GROUNDS 67-1610.Capitol permanent endowment fund. (1) There is hereby created a permanent
fund within the state treasury to be known as the capitol permanent
endowment fund, consisting of, from this point forward: (a) the proceeds
of the sale of lands granted to the state of Idaho for the purpose
of facilitating the construction, repair, furnishing and improvement
of public buildings at its capitol by an Act of Congress (26 Stat.
L. 214, ch. 656 (1890) (as amended)) entitled "An Act to Provide
for the Admission of the State of Idaho into the Union," comprising
thirty-two thousand (32,000) acres, or any portion thereof, or mineral
therein; (b) earnings of the capitol permanent endowment fund; (c)
proceeds of the sale of timber growing upon capitol endowment lands;
(d) proceeds of leases of capitol buildings endowment lands; (e) proceeds
of interest charged upon deferred payments on capitol buildings endowment
lands or timber on those lands; (f) all unappropriated and unencumbered
moneys in the public building fund shown on the state controller’s
chart of accounts as the capitol permanent endowment fund; (g) retained
earnings to compensate for the effects of inflation; and (h) legislative
appropriations. The fund shall be managed by the endowment fund investment
board in accordance with chapter 5, title 68, Idaho
Code. (2) On July
1 of each fiscal year, the endowment fund investment board shall distribute
to the capitol endowment income fund created in section 67-1611, Idaho
Code, an amount equal to a percentage approved by the board of the
value of the capitol permanent endowment fund that is calculated to
provide a stable source of moneys to allow for the maintenance, repair
and restoration of the capitol, while still preserving and increasing
over time the value of the capitol permanent endowment fund. The Idaho Code is made available on the Internet by the Idaho Legislature as a public service. This Internet version of the Idaho Code may not be used for commercial purposes, nor may this database be published or repackaged for commercial sale without express written permission. Search the Idaho Statutes Available Reference: Search Instructions. The Idaho Code is the property of the state of Idaho, and is copyrighted by Idaho law, I.C. § 9-350. According to Idaho law, any person who reproduces or distributes the Idaho Code for commercial purposes in violation of the provisions of this statute shall be deemed to be an infringer of the state of Idaho's copyright. |
