2005 Idaho Code - 70-1711 — PORT FUNDS -- INVESTMENTS

                                  TITLE  70
                       WATERCOURSES AND PORT DISTRICTS
                                  CHAPTER 17
                 PORT DISTRICTS -- BUDGET AND FISCAL MATTERS
    70-1711.  PORT FUNDS -- INVESTMENTS. The port commission shall have the
authority to direct the port treasurer to invest the moneys in any sinking
funds or any capital acquisition or improvement funds of the district, as well
as any other funds which the commission shall determine to be in excess of its
current cash requirements, for the operation and maintanance [maintenance] of
the district, in negotiable, general obligation bonds or other evidence of
indebtedness of the United States or of this state or any municipal
corporation or political subdivision thereof, or in time certificates of
deposit from any banking institution of this state, chartered under the laws
of the United States of America or of this state, or as provided in section
70-1802[, Idaho Code]. Such investments shall be in lieu of depositing said
moneys in the designated depositories as provided by the public depository
law. The port treasurer shall likewise reduce such bonds, evidence of
indebtedness or certificates of deposit to cash, or substitute other of such
securities therefor, as when said port commission may direct.