Statutes > Idaho Statutes > TITLE 57 PUBLIC FUNDS IN GENERAL > CHAPTER 7 INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS > 57-715 PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS.

57-715 PERMANENT ENDOWMENT FUNDS DECLARED TO BE TRUST FUNDS.

TITLE 57

PUBLIC FUNDS IN GENERAL

CHAPTER 7

INVESTMENT OF PERMANENT ENDOWMENT AND EARNINGS RESERVE FUNDS

57-715. Permanent endowment funds declared to be trust funds. Permanent endowment funds of the state of Idaho are hereby declared to be trust funds of the highest and most sacred order and shall be controlled, managed and invested by the investment board and the investment manager(s) or custodian(s) in accordance with the highest standard, as directed by law and according to policies established by the state board of land commissioners, and as hereinafter provided.