Title 50 — MUNICIPAL CORPORATIONS
27 chapters · 578 sections in this title.
Idaho Code § 50-1763 Bonds, warrants and coupons, when paid out of fund — Nonpayment for want of funds — Interest
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50-1763. Bonds, warrants and coupons, when paid out of fund — Nonpayment for want of funds — Interest. Whenever any municipality has established such "Local Improvement Guarantee Fund," any bond, warrant or coupon drawn against any local improvement fund is presented to the munic…
Idaho Code § 50-1764 Subrogation of municipality to rights of payee — Surplus funds — Payment into fund — Preferences
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50-1764. Subrogation of municipality to rights of payee — Surplus funds — Payment into fund — Preferences. Whenever there shall be paid out of the "Local Improvement Guarantee Fund," any sum on account of principal or interest of a local improvement fund or warrant, the municipal…
Idaho Code § 50-1765 Maintenance and operation and sources of fund
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50-1765. Maintenance and operation and sources of fund. The council shall prescribe rules and regulations for the maintenance and operation of the guarantee fund not inconsistent herewith. After the creation of such fund, all money derived from the assignment of delinquency certi…
Idaho Code § 50-1766 Replenishment of fund — Warrants — Issuance against fund — Tax levy
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50-1766. Replenishment of fund — Warrants — Issuance against fund — Tax levy. Whenever there is not a sufficient amount of cash in said "Local Improvement Guarantee Fund," at any time to pay any and all warrants, together with interest thereon, drawn against said fund, the counci…
Idaho Code § 50-1767 Bonds and warrants — Revenues from which payable
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50-1767. Bonds and warrants — Revenues from which payable. The holder or owner of any local improvement bond or warrant shall have no claim thereon against the municipality by which the same is issued, except to the extent of the funds created and received by assessments against …
Idaho Code § 50-1768 Bonds payable from fund
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50-1768. Bonds payable from fund. Whenever a municipality has created a "Local Improvement Guarantee Fund," under the provisions of any local improvement district bonds issued thereafter shall provide that the principal sum of such funds and the interest thereon shall be payable …
Idaho Code § 50-1769 Excess in fund — Disposition
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50-1769. Excess in fund — Disposition. When a "Local Improvement Guarantee Fund" duly created in any municipality exceeds in amount of moneys held therein ten per cent (10%) of the total outstanding obligations thereby guaranteed, then the council, may, by ordinance, authorize th…
Idaho Code § 50-1770 Unpatented lands — Assessment for improvements
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50-1770. Unpatented lands — Assessment for improvements. Whenever any of the public lands are embraced within the boundaries of any city of this state, and the city authorities deem it necessary that a sewer system, street improvements or other public improvements of any kind, au…
Idaho Code § 50-1771 Reserve fund authorized
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50-1771. Reserve fund authorized. For the purpose of securing the payment of the principal of and interest on an issue of local improvement bonds, notes, warrants, or other short-term obligations, the council or other governing body of a governmental entity may create a reserve f…
Idaho Code § 50-1772 Commercially reasonable credit assurances
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50-1772. Commercially reasonable credit assurances. If requested by the petitioners for a local improvement district, and in addition to or in lieu of a reserve or guarantee requirement, the council or other governing body of a governmental entity may impose such commercially rea…