ID H0182

Amends Idaho Code Section 67-1210 to require the state treasurer to charge an investment administration fee to each state fund or account that receives investment income from investments administered by the office of state treasurer.

The investment administration fee shall be determined annually by the state treasurer and submitted to the board of examiners for approval as required by section 67-3524, Idaho Code.

The fee is expressed as an annual percentage of the average daily balance of the fund or account, including any separate investments, and charged monthly at approximately one-twelfth of the annual fee amount.

The investment administration fee collected constitutes an appropriation from the fund or account for which the investment administration services are rendered.

Makes technical corrections to the language regarding investment administration fees for accounts with interest credited to separate accounts.