Title 33 — EDUCATION
66 chapters · 812 sections in this title.
Idaho Code § 33-5301 Title
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33-5301. Title. This chapter shall be known as the "Idaho School Bond Guaranty Act."
Idaho Code § 33-5302 Definitions
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33-5302. Definitions. (1) "Board" means the board of trustees of a school district, including a specially chartered district, existing now or later under the laws of the state. (2) "Bond" means any general obligation bond or refunding bond issued after the effective date of this …
Idaho Code § 33-5303 State’s guaranty — Monitoring of financial solvency contract with bondholders — guaranty — Limitation as to certain refunded bonds
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33-5303. State’s guaranty — Monitoring of financial solvency contract with bondholders — guaranty — Limitation as to certain refunded bonds. (1) (a) The state of Idaho pledges to and agrees with the holders of any bonds that the state will not alter, impair, or limit the rights v…
Idaho Code § 33-5304 Program eligibility — Option to forego guaranty
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33-5304. Program eligibility — Option to forego guaranty. (1) (a) Any school district through its board of trustees or its superintendent may apply to the state treasurer for the state’s guaranty of its eligible bonds under this chapter. Where voter approval of a bond issuance is…
Idaho Code § 33-5305 State to monitor fiscal solvency of school districts — Duties of state treasurer and state superintendent of public instruction
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33-5305. State to monitor fiscal solvency of school districts — Duties of state treasurer and state superintendent of public instruction. (1) The state treasurer shall: (a) Receive the following from each school district applying for the state’s guaranty under this chapter and ea…
Idaho Code § 33-5306 Paying agent to provide notice — State treasurer to execute transfer to paying agents — Effect of transfer
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33-5306. Paying agent to provide notice — State treasurer to execute transfer to paying agents — Effect of transfer. (1) (a) The superintendent of each school district with outstanding, unpaid bonds shall transfer moneys sufficient for the scheduled debt service payment to its pa…
Idaho Code § 33-5307 State financial assistance intercept mechanism — duties of State treasurer and attorney general — Interest and penalty provisions
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33-5307. State financial assistance intercept mechanism — duties of State treasurer and attorney general — Interest and penalty provisions. (1) (a) If one (1) or more payments on bonds are made by the state treasurer as provided in this chapter, the state treasurer shall: (i) Imm…
Idaho Code § 33-5308 Backup liquidity arrangements
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33-5308. Backup liquidity arrangements. (1) If, at the time the state is required to make a debt service payment under its guaranty on behalf of a school district, sufficient moneys of the state are not on hand and available for that purpose, the state treasurer shall gather suff…
Idaho Code § 33-5308A State notes issued to finance default avoidance program
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33-5308A. State notes issued to finance default avoidance program. State notes issued by the state treasurer pursuant to section 33-5308, Idaho Code, shall comply with the following: (1) Each series of notes issued shall mature not later than twelve (12) months from the date the …
Idaho Code § 33-5309 Unlimited sales tax receipts pledge — State controller duties
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33-5309. Unlimited sales tax receipts pledge — State controller duties. (1) (a) There is hereby created in the state treasury the public school guarantee fund. Moneys in the fund shall be used only for payment of debt service payments under the provisions of this chapter, repayme…
Idaho Code § 33-5310 credit enhancement program
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33-5310. credit enhancement program. If approved to participate in the Idaho school bond guaranty program established in this chapter, a school district may also seek credit enhancement, as authorized pursuant to section 57-728, Idaho Code, by applying therefor pursuant to sectio…