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Idaho Code · Title 57 · Public Finance
Idaho Code § 57-721

Management By Manager Of Investments — Appointment Of Custodian

Ch. 7 — INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS
Idaho Code ● ACTIVE State Law Title 57
Statutory Text

Idaho Code § 57-721 — Management By Manager Of Investments — Appointment Of Custodian.

TITLE 57 PUBLIC FUNDS IN GENERAL CHAPTER 7 INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS 57-721. Management by manager of investments — Appointment of custodian. (1) The investment board shall contract with or employ a manager of investments to manage the permanent endowment funds, the earnings reserve funds, and such other funds as the investment board is authorized to invest. 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. (2)  The investment board may select and contract with a minimum of one (1) bank or trust company to act as custodian of fund assets and provide safekeeping thereof.

History:[57-721, added 1969, ch. 244, sec. 8, p. 764; am. 1972, ch. 69, sec. 4, p. 140; am. 1997, ch. 162, sec. 1, p. 467; am. 1998, ch. 256, sec. 37, p. 839; am. 2000, ch. 65, sec. 2, p. 146; am. 2007, ch. 263, sec. 3, p. 781.]
Source: legislature.idaho.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-IC57-SEC-FE39D8
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
Domain Signature
boisestandard.org
Jurisdiction
Idaho — United States
Citation
Idaho Code § 57-721
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
6b4736e5ac7e60ae...
Semantic Edges
Pending — corpus passes queued
The statutory text of Idaho Code § 57-721 is reproduced from the official Idaho Legislature website (legislature.idaho.gov), published by the Idaho Legislative Services Office. Idaho Code is public domain.
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Ch. 7 — INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS
Idaho Code § 57-715Idaho Code § 57-716Idaho Code § 57-717Idaho Code § 57-718Idaho Code § 57-719Idaho Code § 57-720Idaho Code § 57-721Idaho Code § 57-723Idaho Code § 57-723AIdaho Code § 57-724Idaho Code § 57-724AIdaho Code § 57-725Idaho Code § 57-727Idaho Code § 57-728
Idaho Code — public domain ← Idaho Code Index
◈ Provenance
boisestandard.org → United States → Idaho → Idaho Code → Title 57 → Idaho Code § 57-721