Idaho State Statutes - Idaho Attorney Directory

(1) There is
established in the state treasury the charitable institutions earnings reserve
fund. The fund shall be managed and invested by the endowment fund investment
board according to law and the policies established by the state board of land
commissioners. The fund shall consist of the following:
(a) Earnings of the charitable institutions permanent endowment fund;
(b) Proceeds from the sale of timber growing upon charitable institutions
endowment lands;
(c) Proceeds of leases of charitable institutions endowment lands;
(d) Proceeds of interest charged upon deferred payments on charitable
institutions endowment lands or timber on those lands; and
(e) All other proceeds received from the use of charitable institutions
endowment lands and not otherwise designated for deposit in the charitable
institutions permanent endowment fund.
(2) Moneys shall be distributed out of the charitable institutions
earnings reserve fund only to support the beneficiaries of the charitable
institutions endowment, including distributions by the state board of land
commissioners to the charitable institutions permanent endowment fund and the
charitable institutions income fund; provided, that funds shall not be
appropriated by the legislature from the charitable institutions earnings
reserve fund except to pay for administrative costs incurred managing the
assets of the charitable institutions endowment including, but not limited to,
real property and monetary assets.

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