2005 Idaho Code - 67-4402 — POWERS AND DUTIES OF FOUNDATION

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 44
                               LAVA HOT SPRINGS
    67-4402.  POWERS AND DUTIES OF FOUNDATION. The foundation shall have
powers and duties as follows:
    (1)  To take charge of all personal property and the lands and property of
the state of Idaho situated within and near the village of Lava Hot Springs
and hereinafter more fully described and to have a general supervision and
control of all buildings, improvements, and property appertaining thereto.
    (2)  To lease any real or personal property not used or needed by the
foundation for a period not exceeding ninety-nine (99) years, to any
individual or company, subject to approval by the board of examiners of the
state of Idaho. Any lease entered into pursuant to this section shall be
exempt from limitation as to term of lease as set forth in section 58-307,
Idaho Code.
    (3)  To enter into contracts with federal, state, and local governmental
agencies for flood control projects and measures, for multiple use water
resource development, and for any other project or measure incidental or
conducive to the attainment of the purposes of the foundation.
    (4)  To exercise such powers as are incidental or conducive to the
attainment of the purposes of the foundation, including the power to contract
and the power to sue and be sued.
    (5)  To promulgate such rules as may be necessary to discharge the duties
of the foundation.
    (6)  To employ such personnel as may be necessary for the administration
of its duties in accordance with the rules of the administrator of the
division of human resources promulgated pursuant to chapter 52, title 67,
Idaho Code.
    (7)  To appoint an executive director of the foundation as provided herein
and to advise him in the performance of his duties and his formulation of
general policies affecting the foundation.
    (8)  To encourage and promote interest in the Lava Hot Springs properties
and in the foundation.
    (9)  To hold an annual meeting during the month of January in each year
and, in addition thereto, at such other times as the said members may
prescribe.
    (10) To have and use an official seal.