This bill amends Title 58 of the Idaho Code by adding a new Chapter 16, which establishes provisions for developing managed recreation opportunities on endowment land. The legislation outlines the intent to maximize long-term benefits for endowment beneficiaries, protect traditional land uses, conserve public access, and promote outdoor recreation and education. It defines "managed recreation opportunities" as specific sites on endowment land developed for fee-based recreation, and it mandates that such opportunities must be approved by both the board of land commissioners and the park and recreation board before implementation. The bill also emphasizes the collaborative roles of the Idaho Department of Lands and the Idaho Department of Parks and Recreation in identifying suitable lands, developing management plans, and ensuring that existing rights are not adversely affected.

Additionally, the bill details the revenue generation and distribution mechanisms associated with managed recreation opportunities. The Idaho Department of Lands is tasked with setting fees based on fair market value, while the Department of Parks and Recreation may charge its own fees for these opportunities. Proceeds from these activities are to be allocated to specific funds for the benefit of endowment beneficiaries and the operational costs of the parks department. The bill requires annual reporting on the performance and financial aspects of managed recreation opportunities, ensuring transparency and accountability in the management of endowment lands. An emergency clause is included, making the act effective on July 1, 2026.