2005 Idaho Code - 67-1805 — POWERS AND DUTIES OF THE COMMITTEE. [EFFECTIVE UNTIL APPROVAL OF SJR 107 AT THE GENERAL ELECTION IN NOVEMBER 2006; SEE SECTION 67-1808 FOR VERSION EFFECTIVE UPON APPROVAL OF SJR 107]

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 18
                            IDAHO MILLENNIUM FUND
    67-1805.  POWERS AND DUTIES OF THE COMMITTEE. [EFFECTIVE UNTIL APPROVAL OF
SJR 107 AT THE GENERAL ELECTION IN NOVEMBER 2006; SEE SECTION 67-1808 FOR
VERSION EFFECTIVE UPON APPROVAL OF SJR 107]. The committee shall have the
following powers and duties:
    (1)  To meet not less than two (2) times each year;
    (2)  To establish rules for governance and operation of committee
proceedings;
    (3)  To request applications for funding from the Idaho millennium income
fund;
    (4)  To meet to hear testimony and to consider applications for funding
from the Idaho millennium income fund;
    (5)  To evaluate the actual and potential success of programs funded with
moneys from the Idaho millennium income fund; and
    (6)  To present recommendations annually to the legislature for the use of
the moneys in the Idaho millennium income fund.
    67-1805.  IDAHO MILLENNIUM FUND BALANCE LIMITATION. [EFFECTIVE UPON
APPROVAL OF SJR 107 AT THE GENERAL ELECTION IN NOVEMBER 2006] The balance of
the Idaho millennium fund shall not exceed one hundred million dollars
($100,000,000) as determined on the day following the distribution to the
Idaho millennium income fund as required by the provisions of section 67-1804,
Idaho Code. Any amount in excess of the one hundred million dollar
($100,000,000) limit shall be transferred by the state treasurer to the Idaho
millennium permanent endowment fund created in section 67-1801, Idaho Code.