Idaho Code § 69-264

This is the official text of Idaho Code § 69-264, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.

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69-264 MINIMUM BALANCE — SUBSEQUENT PAYMENTS.

Official statutory text

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.

History:

[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.]

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.