Idaho State Statutes - Idaho Attorney Directory

MANAGEMENT OF PERMANENT ENDOWMENT FUNDS BY MANAGER OF INVESTMENTS
-- APPOINTMENT OF CUSTODIAN OF PERMANENT ENDOWMENT FUNDS. The investment board
shall contract with or employ a manager of investments to manage the permanent
endowment funds and the earnings reserve funds. 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.
The investment board may select and contract with a minimum of one (1)
bank or trust company to act as custodian of endowment fund assets and provide
safekeeping thereof.

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