67-1801. IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND. (1) There is hereby created in the state treasury the "Idaho Millennium Permanent Endowment Fund." The fund shall consist of eighty percent (80%) of the moneys received by the state of Idaho on and after January 1, 2007, pursuant to the master settlement agreement entered into between tobacco product […]
67-1802. DISTRIBUTION FROM THE IDAHO MILLENNIUM PERMANENT ENDOWMENT FUND. On the first business day of July, or as soon thereafter as possible, the state treasurer shall distribute to the Idaho millennium income fund five percent (5%) of the Idaho millennium permanent endowment fund’s average monthly fair market value of the first twelve (12) months of […]
67-1803. IDAHO MILLENNIUM FUND. There is hereby created in the state treasury the "Idaho Millennium Fund." The fund shall consist of twenty percent (20%) of the moneys received by the state of Idaho on and after January 1, 2007, pursuant to the master settlement agreement entered into between tobacco product manufacturers and various states, including […]
67-1804. DISTRIBUTION FROM THE IDAHO MILLENNIUM FUND. On the first business day of July, or as soon thereafter as possible, the state treasurer shall distribute to the Idaho millennium income fund five percent (5%) of the Idaho millennium fund’s average monthly fair market value for the first twelve (12) months of the preceding twenty-four (24) […]
67-1805. IDAHO MILLENNIUM FUND BALANCE LIMITATION. The balance of the Idaho millennium fund shall not exceed one hundred million dollars ($100,000,000) as determined on the day following the distribution to the Idaho millennium income fund as required by the provisions of section 67-1804, Idaho Code. Any amount in excess of the one hundred million dollar […]
67-1806. IDAHO MILLENNIUM INCOME FUND. There is hereby created in the state treasury the "Idaho Millennium Income Fund." The fund shall consist of distributions from the Idaho millennium permanent endowment fund, the Idaho millennium fund and such moneys that may be provided by legislative appropriations. The Idaho millennium income fund shall be managed by the […]
67-1807. JOINT MILLENNIUM FUND COMMITTEE — CREATION AND APPOINTMENT OF MEMBERS. There is hereby created the joint millennium fund committee, hereafter referred to as the committee. The committee shall consist of ten (10) members, each of whom shall be a member of the legislature. The committee members shall be appointed as follows: three (3) members […]
67-1808. POWERS AND DUTIES OF THE COMMITTEE. The committee shall have the following powers and duties: (1) To meet not less than two (2) times each year; (2) To establish rules for governance and operation of committee proceedings; (3) To request applications for funding from the Idaho millennium income fund; (4) To meet to hear […]
67-1809. SUPPORT AND STAFF FOR THE COMMITTEE. The legislative services office shall provide for the support and staffing of the committee as the committee may require in the performance of its duties. History: [(67-1809) 67-1806, added 2002, ch. 352, sec. 4, p. 1007; am. and redesig. 2006, ch. 187, sec. 9, p. 591.]
