Idaho § 58-503 - Disposition of revenues from lands
Full text of Idaho Idaho Statutes § 58-503 — Disposition of revenues from lands, with citation guidance and answers to common questions.
§ 58-503. Disposition of revenues from lands
All revenues derived from lands now owned or later acquired under the provision of this act shall be segregated by the state treasurer for the use of the state board of land commissioners in the acquisition, management, development and use of such lands until all obligations incurred have been paid in full. Thereafter, fifty per cent (50%) of all net profits accruing from the administration of such lands shall be applicable for such purposes as the legislature may prescribe, and fifty per cent (50%) shall be paid into the school fund of the county in which lands are located. Provided, however, that revenues generated from such lands that are subsequently transferred to the department of parks and recreation shall remain with the department of parks and recreation.
[58-503, added 1937, ch. 201, sec. 3, p. 340; am. 1990, ch. 209, sec. 1, p. 466.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 58-503
What does Idaho Statutes § 58-503 cover?
Section 58-503 ("Disposition of revenues from lands") 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 § 58-503?
A common citation format is "Idaho Statutes § 58-503" (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 § 58-503 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.