Idaho § 69-264 - Minimum balance - Subsequent payments
Full text of Idaho Idaho Statutes § 69-264 — Minimum balance - Subsequent payments, with citation guidance and answers to common questions.
§ 69-264. Minimum balance - Subsequent payments
The minimum balance in the commodity indemnity fund, which shall be used exclusively for purposes of paying claimants pursuant to this chapter and chapter 5, title 69 , Idaho Code, shall be two hundred fifty thousand dollars ($250,000). At no time shall the balance be allowed to fall below the minimum balance. The director may pay claims, on a pro rata basis if necessary, until the minimum balance is reached. If the director cannot fully pay a claim before the minimum balance is reached, he shall, when the commodity indemnity fund contains sufficient funds, pay off the claim. After three (3) years from the date a claim is approved, the fund shall not be liable for any unpaid amounts.
[69-264, added 1989, ch. 320, sec. 9, p. 832; am. 2001, ch. 304, sec. 15, p. 1110; am. 2002, ch. 259, sec. 45, p. 779; am. 2009, ch. 39, sec. 2, p. 113.]
Frequently Asked Questions About Idaho § 69-264
What does Idaho Statutes § 69-264 cover?
Section 69-264 ("Minimum balance - Subsequent payments") 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 § 69-264?
A common citation format is "Idaho Statutes § 69-264" (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 § 69-264 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.