Article VIII — Public Indebtedness And Subsidies
11 sections · 0 paragraphs in this article.
Idaho Const. art. VIII, § 1 Limitation On Public Indebtedness.
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The legislature shall not in any manner create any debt or debts, liability or liabilities, except in case of war, to repel an invasion, or suppress an insurrection, unless the same shall be authorized by law, for some single object or work, to be distinctly specified therein, wh…
Idaho Const. art. VIII, § 2 Loan Of State’S Credit Prohibited — Holding Stock In Corporation Prohibited — Development Of Water Power.
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(1) The credit of the state shall not, in any manner, be given, or loaned to, or in aid of any individual, association, municipality or corporation; nor shall the state directly or indirectly, become a stockholder in any association or corporation, provided, that the state itself…
Idaho Const. art. VIII, § 3 Limitations On County And Municipal Indebtedness.
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No county, city, board of education, or school district, or other subdivision of the state, shall incur any indebtedness, or liability, in any manner, or for any purpose, exceeding in that year, the income and revenue provided for it for such year, without the assent of two-third…
Idaho Const. art. VIII, § 4 County, Etc., Not To Loan Or Give Its Credit.
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No county, city, town, township, board of education, or school district, or other subdivision, shall lend, or pledge the credit or faith thereof directly or indirectly, in any manner, to, or in aid of any individual, association or corporation, for any amount or for any purpose w…
Idaho Const. art. VIII, § 5 Special Revenue Financing.
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The legislature may enact laws authorizing the creation of public corporations by counties or cities to issue nonrecourse revenue bonds or other nonrecourse revenue obligations and to apply the proceeds thereof in the manner and for the purposes heretofore or hereafter authorized…
Idaho Const. art. VIII, § 3B Port District Facilities And Projects — Revenue Bond Financing.
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Port districts may acquire, construct, install, and equip facilities or projects to be financed for, or to be leased, sold or otherwise disposed of to persons, associations or corporations other than municipal corporations and may in the manner prescribed by law issue revenue bon…
Idaho Const. art. VIII, § 3C Hospitals And Health Services — Authorized Activities And Financing.
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Provided that no ad valorem tax revenues shall be used for activities authorized by this section, public hospitals, ancillary to their operations and in furtherance of health care needs in their service areas, may: (i) incur indebtedness or liability to purchase, contract, lease …
Idaho Const. art. VIII, § 3D Municipal Electric Systems — Authorized Indebtedness.
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Notwithstanding the limitations and requirements of Section 3, Article VIII, of the Constitution of the State of Idaho, any city owning a municipal electric system may: (a) acquire, construct, install and equip electric generating, transmission and distribution facilities for the…
Idaho Const. art. VIII, § 3E Airports And Air Navigation Facilities — Airport Related Projects — Revenue And Special Facility Bond Financing.
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Political subdivisions of the state and regional airport authorities as defined by law, if operating an airport, may acquire, construct, install, and equip land, facilities, buildings, projects or other property, which are hereby deemed to be for a public purpose, to be financed …
Idaho Const. art. VIII, § 3A Environmental Pollution Control Revenue Bonds — Election On Issuance.
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Counties of the state may in the manner prescribed by law issue revenue bonds for the purpose of acquiring, constructing, installing and equipping facilities designed for environmental pollution control, including the acquisition of all technological facilities and equipment nece…
Idaho Const. art. VIII, § 2A Municipal Bond Bank Authority.
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(1) Notwithstanding the provisions of subsection (1) of Section 2 of Article VIII , the legislature may enact laws authorizing the state to establish a bond bank authority to purchase the bonds, notes or other obligations of a municipality issued or undertaken for any purpose aut…