Idaho § 33-5403
Full text of Idaho Idaho Statutes § 33-5403, with citation guidance and answers to common questions.
§ 33-5403.
administration of the program. (1) The board shall implement the program through its staff, agreements with one (1) or more financial institutions engaged to act as the program’s depositories and managers, or through agreements with any public entity or agency, including depository, investment or management relationships with other 529 plans or entities.
(2) The board shall implement the program and manage any trust established by the board consistent with sound financial principles and to obtain the federal income tax benefits or treatment provided by section 529 of the Internal Revenue Code of 1986, as amended.
(3) Any financial institution engaged by the board shall hold each account in trust for the benefit of this state and the account owner.
(4) The board may delegate to the office of a board member any of its administrative powers and duties, if the board determines that such delegation is necessary for the efficient and effective administration of the program and the board member accepts the delegation. Administrative powers and duties include payroll processing, routine public contacts and public records maintenance. The board member shall be compensated for administrative activities pursuant to section 33-5409 , Idaho Code.
[33-5403, added 2000, ch. 213, sec. 1, p. 575; am. 2007, ch. 170, sec. 1, p. 501; am. 2013, ch. 110, sec. 3, p. 261.]
Frequently Asked Questions About Idaho § 33-5403
What does Idaho Statutes § 33-5403 cover?
Section 33-5403 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 § 33-5403?
A common citation format is "Idaho Statutes § 33-5403" (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 § 33-5403 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.