Idaho H0740 amends the deposit and distribution of earnings reserve funds for public school endowments.
Idaho H0740 revises the deposit and distribution of earnings reserve funds for public school endowments. The bill specifies that earnings from investments of permanent endowment funds related to state land grants must be deposited into each endowment's respective earnings reserve fund. The state board of land commissioners is responsible for distributing these earnings, including covering administrative costs. The bill declares an emergency and sets an effective date of July 1, 2026.
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