Idaho § 20-416 - Deposit and disposition of funds and receipts
Full text of Idaho Idaho Statutes § 20-416 — Deposit and disposition of funds and receipts, with citation guidance and answers to common questions.
§ 20-416. Deposit and disposition of funds and receipts
(1) All funds transferred under the provisions of this act and moneys received for sale of goods or services under the provisions of this chapter shall be deposited in the correctional industries betterment account. The board may adopt, rescind, modify and amend regulations not inconsistent with this act and the laws of the state of Idaho related to the deposit or disposition of funds in the correctional industries betterment account. All moneys received under the provisions of this chapter shall be deposited in the account and made available for defraying expenses or repaying indebtedness of the board in carrying out the provisions of this chapter.
(2) All salaries, costs and expenses incurred by the board in performing its duties and exercise of power under this chapter shall be paid out of the correctional industries betterment account.
(3) Subject to the provisions of this act pertaining to annual audit and established accounting procedures, the correctional industries betterment account is exempted from powers and duties of the state purchasing agent, as enumerated in chapter 16, title 67 , Idaho Code.
(4) Surplus moneys in the correctional industries betterment account may be expended by the board for the use and benefit of vocational training and educational programs.
[I.C., sec. 20-416, as added by 1974, ch. 48, sec. 2, p. 1096; am. 1980, ch. 101, sec. 15, p. 225; am. 1983, ch. 223, sec. 7, p. 620.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 20-416
What does Idaho Statutes § 20-416 cover?
Section 20-416 ("Deposit and disposition of funds and receipts") 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 § 20-416?
A common citation format is "Idaho Statutes § 20-416" (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 § 20-416 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.