2014 Idaho Statutes
Title 66 - STATE CHARITABLE INSTITUTIONS
Chapter 11 - FUNDS OF CHARITABLE INSTITUTIONS
Section 66-1103 - CHARITABLE INSTITUTIONS PERMANENT ENDOWMENT FUND.
(2) Provided however, that proceeds from the sale of charitable institutions endowment lands may be first deposited into the land bank fund established in section 58-133, Idaho Code, to be used to acquire other lands within the state for the benefit of beneficiaries of the charitable institutions endowment. If the land sale proceeds are not used to acquire other lands in accordance with section 58-133, Idaho Code, the proceeds shall be deposited into the charitable institutions permanent endowment fund along with any earnings on the proceeds.
(3) Earnings from the investment of the charitable institutions permanent endowment fund shall be distributed according to the provisions of section 57-723A, Idaho Code.
History:
[66-1103 added 1998, ch. 256, sec. 55, p. 847.]
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