Idaho § 1-2008
Full text of Idaho Idaho Statutes § 1-2008, with citation guidance and answers to common questions.
§ 1-2008.
Investment of judges’ retirement fund. (1) The retirement board shall select and contract with investment managers registered with the securities and exchange commission to manage the investment of the judges’ retirement fund. The investment managers shall, subject to the direction of the board, exert control over the funds as though the investment managers were the owners thereof and are hereby authorized to invest the judges’ retirement fund as hereinafter provided.
(a) The retirement board shall formulate an investment policy governing the investment of judges’ retirement funds. The policy 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.
(b) In acquiring, investing, reinvesting, exchanging, retaining, selling and managing the moneys and securities of the fund, investment managers shall also be governed by the prudent man investment act, sections 68-501 through 68-506 , Idaho Code; provided, however, that the retirement board may in its sole discretion, limit the types, kinds and amounts of such investments.
(c) The retirement board shall adopt the actuarial tables and assumptions in use by the judges’ retirement fund and may change the same in its sole discretion at any time.
(2) The retirement board is hereby authorized to select and contract with a bank or trust company authorized to do business in the state of Idaho, to act as custodian of the judges’ retirement fund, who shall hold all securities and moneys of the judges’ retirement fund and shall collect the principal, dividends and interest thereof when due and pay the same into the judges’ retirement fund.
(3) The state treasurer shall pay all warrants drawn on the judges’ retirement fund for making such investments when issued pursuant to vouchers approved by the retirement board.
[1-2008, added 1990, ch. 247, sec. 2, p. 700; am. 1994, ch. 180, sec. 5, p. 425; am. 2003, ch. 32, sec. 2, p. 117; am. 2004, ch. 240, sec. 1, p. 702; am. 2012, ch. 330, sec. 9, p. 920.]
Frequently Asked Questions About Idaho § 1-2008
What does Idaho Statutes § 1-2008 cover?
Section 1-2008 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 1-2008?
A common citation format is "Idaho Statutes § 1-2008" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 1-2008 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.