To improve the use of a grant of a parcel of land to the State of Idaho for use as an agricultural college, and for other purposes.

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Authorizes Idaho, respecting Morrill Act agricultural college assets, to: (1) invest earnings and proceeds in accordance with the standards applicable to a trustee under Idaho law; (2) deduct trustee expenses from earnings and proceeds; and (3) use earnings and proceeds from granted land without regard to the limitations that prohibit the state from exceeding 10% on the purchase of land and prohibit the state from purchasing, erecting, preserving, or repairing buildings.