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) months. Provided however, that the distribution shall not exceed the Idaho millennium fund’s fair market value on the first business day in July.
Idaho Code § 67-1804
Distribution from the Idaho millennium fund
I.C., § 67-1803, as added by 2000, ch. 1, § 1, p. 3; am. 2003, ch. 1, § 1, p. 3; am. and redesig. 2006, ch. 187, § 4, p. 588.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.