20-415. CORRECTIONAL INDUSTRIES BETTERMENT ACCOUNT — TRANSFER OF FUNDS. Funds held by the board of correction on June 30, 1983, in depositories, shall be transferred therefrom by the board of correction, and deposited on July 1, 1983, with the treasurer of the state of Idaho in the correctional industries betterment account which is hereby created in the agency asset fund. All state departments, agencies and offices affected by such transfer are authorized and directed to enter such transfer on their books, records and accounts.
Pending use, surplus moneys in the account shall be invested by the state treasurer in the same manner as provided under section 67-1210, Idaho Code, with respect to other surplus or idle moneys in the state treasury. Interest earned on the investments shall be returned to the account.
History:
[I.C., sec. 20-415, as added by 1974, ch. 48, sec. 2, p. 1096; am. 1980, ch. 101, sec. 13, p. 225; am. 1983, ch. 223, sec. 5, p. 620.]