(1) The investment board shall recommend the types and kinds of investments that the state treasurer or an investment manager would utilize to manage the idle funds and such other funds as the treasurer is authorized to invest pursuant to sections 67-1210 and 67-1210A , Idaho Code. (2) The investment board shall recommend investment policies governing the investment of idle funds and other funds accepted for investment by the state treasurer. The recommendations shall pertain to the types, kinds or nature of investment of any of the funds and any limitations, conditions or restrictions upon the methods, practices or procedures for investment, reinvestments, purchases, sales or exchange transactions, provided such recommendations shall not conflict with nor be in derogation of any Idaho constitutional provision or of the provisions of this chapter. (3) The investment advisory board, in making recommendations, and the state treasurer and all investment managers shall be governed by the Idaho uniform prudent investor act, chapter 5, title 68 , Idaho Code. The state treasurer and any investment manager shall invest and manage the assets of the respective funds in accordance with that act and the Idaho constitution.
‹ Prev All Idaho sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.