2005 Idaho Code - 67-1802 — IDAHO MILLENNIUM INCOME FUND. [EFFECTIVE UNTIL APPROVAL OF SJR 107 AT THE GENERAL ELECTION IN NOVEMBER 2006; SEE SECTION 67-1806 FOR VERSION EFFECTIVE UPON APPROVAL OF SJR 107]

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 18
                            IDAHO MILLENNIUM FUND
    67-1802.  IDAHO MILLENNIUM INCOME FUND. [EFFECTIVE UNTIL APPROVAL OF SJR
107 AT THE GENERAL ELECTION IN NOVEMBER 2006; SEE SECTION 67-1806 FOR VERSION
EFFECTIVE UPON APPROVAL OF SJR 107]. There is hereby created in the state
treasury the "Idaho Millennium Income Fund." The fund shall consist of
distributions from the Idaho millennium fund and such moneys that may be
provided by legislative appropriations. The Idaho millennium income fund shall
be managed by the state treasurer and shall retain its own earnings. The uses
of this fund shall be determined by legislative appropriation, provided that
such appropriations may only be granted on a one-time basis through June 30,
2004.
    67-1802.  DISTRIBUTION FROM THE IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND.
[EFFECTIVE UPON APPROVAL OF SJR 107 AT THE GENERAL ELECTION IN NOVEMBER 2006]
On the first business day of July, or as soon thereafter as possible, the
state treasurer shall distribute to the Idaho millennium income fund five
percent (5%) of the Idaho millennium permanent endowment fund's average
monthly fair market value of the first twelve (12) months of the preceding
twenty-four (24) months. Provided however, the distribution shall not exceed
the Idaho millennium permanent endowment fund's fair market value on the first
business day in July.