5-10-1.1. Board of Regents endowed institution interest and income fund created.
97 words·~1 min read·
/sd/title-5/chapter-5-10/5-10-1-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby created in the state treasury a fund called the Board of Regents endowed institution interest and income fund to be administered by the commissioner of school and public lands. Any investments of money in the fund shall be made by the State Investment Council. No allocations or expenditures may be made from the fund except as provided in § 5-10-1.2 . The fund shall be declared a participating fund and it shall be credited for all interest, dividends, and other income earned on fund balances, in accordance with the provisions of § 5-10-18.3 .