ID S1213

Amends Section 57-719, Idaho Code, regarding the Endowment Fund Investment Board's compensation provisions for appointed board members.

Board members appointed by the governor serve four-year terms, with initial appointments staggered as three members for two years, two members for three years, and two members for four years.

Appointed board members cannot hold office, position, or employment in a political party, except for members from the house of representatives and the senate.

Board members may be removed for cause by a two-thirds vote of the full board, and vacancies are filled by gubernatorial appointment for the unexpired term.

Board members are compensated according to Section 59-509(np), Idaho Code, with meetings held at least quarterly.