Idaho § 42-2212 - Condemnation funds for future expenses - Permanent trust fund - Investment
Full text of Idaho Idaho Statutes § 42-2212 — Condemnation funds for future expenses - Permanent trust fund - Investment, with citation guidance and answers to common questions.
§ 42-2212. Condemnation funds for future expenses - Permanent trust fund - Investment
When any corporation organized for the operation, control or management of an irrigation project or canal system, or for the purpose of furnishing water to its shareholders and not for profit or hire, shall receive through condemnation proceedings, or by contract made under threat of such proceedings, any funded amount to meet increased maintenance and operation expenses in future years as opposed to funds received as compensation for expenses incurred or to be incurred for the reconstruction or relocation of irrigation works, such funded amount shall constitute a permanent trust fund in the treasury of such company, and as such it shall be kept separate and apart from other funds of the company and such funded amount shall be invested by the board of directors of such company under the standards specified in the Prudent Man Investment Act as set forth in chapter 5, title 68 , Idaho Code.
[42-2212, added 1965, ch. 186, sec. 1, p. 393.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 42-2212
What does Idaho Statutes § 42-2212 cover?
Section 42-2212 ("Condemnation funds for future expenses - Permanent trust fund - Investment") 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 § 42-2212?
A common citation format is "Idaho Statutes § 42-2212" (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 § 42-2212 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.