# Idaho Code § 41-4904: 41-4904 BOARD OF TRUSTEES OF THE FUND

> Idaho · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4904

## Section

- **Citation:** Idaho Code § 41-4904
- **Heading:** 41-4904 BOARD OF TRUSTEES OF THE FUND
- **Jurisdiction:** Idaho
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Idaho Code / Title 41 / Chapter 49 / Section 41-4904

## Text

41-4904. Board of trustees of the fund. (1) The governor shall appoint seven (7) persons to be the board of trustees of the Idaho petroleum clean water trust fund. One (1) member shall be a member of the state senate, one (1) member shall be a member of the state house of representatives, one (1) member shall be a representative of the financial community with expertise in the area of insurance, accounting or finance, one (1) member shall be an engineer, geologist or similarly trained scientist with experience in environmental remediation and three (3) members shall be wholesale distributors of petroleum products. The governor shall appoint a chairman from the seven (7) members. The members shall be appointed for terms of four (4) years, except that all vacancies shall be filled for the unexpired term. A certificate of appointment shall be filed in the office of the secretary of state. A majority of the members shall constitute a quorum for the transaction of all business or the exercise of any power or function of the Idaho petroleum clean water trust fund. Members of the board of trustees shall receive a compensation for service as prescribed in section 59-509(n), Idaho Code.

(2) The administrator of the fund shall be the state insurance fund unless replaced by the board of trustees with another person. The administrator shall serve at the pleasure of the board of trustees. The board of trustees may appoint and employ such other persons as may be required by the board and shall prescribe the duties and compensation of each such person.

(3) It shall be the duty of the board of trustees to direct the policies and operation of the fund to assure that it is run as an efficient insurance company, remains actuarially sound and maintains the public purposes for which the Idaho petroleum clean water trust fund was created.

History:

[41-4904, added 2003, ch. 96, sec. 4, p. 289; am. 2004, ch. 175, sec. 1, p. 553; am. 2006, ch. 140, sec. 2, p. 402; am. 2018, ch. 21, sec. 1, p. 33; am. 2026, ch. 17, sec. 2, p. 99.]

## Nearby sections

- [Idaho Code § 41-4901 41-4901 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4901.md)
- [Idaho Code § 41-4902 41-4902 LEGISLATIVE FINDINGS AND INTENT.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4902.md)
- [Idaho Code § 41-4903 41-4903 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4903.md)
- [Idaho Code § 41-4904 41-4904 BOARD OF TRUSTEES OF THE FUND.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4904.md)
- [Idaho Code § 41-4905 41-4905 CREATION, AUTHORIZATION AND MANAGEMENT OF THE IDAHO PETROLEUM CLEAN WATER TRUST FUND.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4905.md)
- [Idaho Code § 41-4906 41-4906 LIMITS OF LIABILITY FOR CONTRACTS OF INSURANCE ISSUED BY THE ADMINISTRATOR.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4906.md)
- [Idaho Code § 41-4907 41-4907 OWNER OR OPERATOR FINANCIAL RESPONSIBILITY.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4907.md)
- [Idaho Code § 41-4908 41-4908 EXCLUSIVENESS OF REMEDY.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4908.md)
- [Idaho Code § 41-4909 41-4909 SOURCE OF TRUST FUND — APPLICATION FEES — APPLICATION FOR ENROLLMENT — TRANSFER FEES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4909.md)
- [Idaho Code § 41-4910 41-4910 DISTRIBUTION OF APPLICATION FEES AND TRANSFER FEES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4910.md)
- [Idaho Code § 41-4911 41-4911 ISSUANCE OF CONTRACTS OF INSURANCE BY THE ADMINISTRATOR OF THE IDAHO PETROLEUM CLEAN WATER TRUST FUND — DEFERRAL.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4911.md)
- [Idaho Code § 41-4911A 41-4911A PROVISIONS OF CONTRACTS OF INSURANCE — RENEWAL.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4911A.md)
- [Idaho Code § 41-4912 41-4912 STORAGE TANKS ELIGIBLE FOR INSURANCE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4912.md)
- [Idaho Code § 41-4912A 41-4912A STORAGE TANKS LOCATED ON SITES WHERE CONTAMINATION IS PRESENT.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4912A.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C49_S41-4904. Check the current official text before relying on it. Not legal advice.