Idaho State Statutes - Idaho Attorney Directory

(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.

Click here to visit the Official Idaho State Statutes