Title 70 — WATERCOURSES AND PORT DISTRICTS

70-2113. Investment of funds. Each port district issuing revenue bonds hereunder may invest any funds received in connection therewith in bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of the United States of America…

70-2114. Bonds eligible for investment. The state of Idaho and all counties, cities, port districts and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions,…

70-2115. Exemption from public buildings construction and bidding requirements. A project is not subject to any requirements relating to public buildings, structures, grounds, works, or improvements imposed by the Idaho Code, or any other similar requirements which may be lawfull…

70-2116. Tax exemption. Any bonds issued under the provisions of this act, their transfer, and income therefrom, including any interest paid or payable thereon and profit made on the sale thereof, shall be exempt at all times from all taxation in the state of Idaho.

70-2117. Severability. If any one or more sections or provisions of this act, or the application thereof to any person (including municipal corporations and political subdivisions) or circumstance, shall ever be held by any court of competent jurisdiction to be invalid, the remai…

70-2201. County-based or city-based intermodal commerce authority authorized. A county-based or city-based intermodal commerce authority, hereinafter referred to as the intermodal authority, is hereby authorized to acquire, construct, maintain, operate, develop and regulate rail,…

70-2202. Purpose — Public and government functions. The purposes of a county-based or city-based intermodal authority are to: (1) Promote, stimulate and advance the commerce, economic development, and prosperity of its jurisdiction and of the state; (2) Endeavor to increase the v…

70-2203. Establishment and abolishment. (1) There is hereby created in each county and incorporated city an independent public body, corporate and politic, to be known as an intermodal commerce authority. (2) No intermodal commerce authority and no county or city shall exercise t…

70-2204. Commissioners. (1) The powers of each intermodal authority are vested in the commissioners thereof. The resolution or ordinance setting forth the findings as provided in section 70-2203(2), Idaho Code, shall create the authority and shall include provisions for appointin…

70-2205. Cooperation of county or city. (1) For the purpose of cooperating in the planning, establishment, construction or operation of an intermodal authority or any of its facilities, any governing body of the respective county or city for which an intermodal authority has been…

70-2206. General powers of a county-based or city-based intermodal commerce authority. An intermodal authority shall have the powers provided to it by a local county or city governing body including: (1) Have perpetual succession unless abolished as provided in this chapter; (2) …

70-2207. Rules, policies and orders. An intermodal authority may adopt, amend, and repeal such reasonable rules, policies and orders as it considers necessary for its own administration, management, and governance as well as for the management, governance, and use of any transpor…

70-2208. Supplementary powers. In addition to the general and special powers conferred by this chapter, each intermodal authority may exercise all powers delegated to it by the governing body creating it and powers incidental to the exercise of such general and special powers con…

70-2209. Granting of operation and use privileges. In connection with the operation of transportation, storage, or other facilities owned or controlled by an intermodal authority, the intermodal authority may: (1) Enter into contracts, leases, and other arrangements for terms not…

70-2210. Property — Disposal. (1) Except as may be limited by the terms and conditions of any grant, loan or agreement entered into by the intermodal authority, notwithstanding the provisions in title 31, Idaho Code, an intermodal authority may, after a public hearing, sell, leas…

70-2211. Bonds and obligations. (1) An intermodal authority may borrow money for any of its lawful purposes and shall have the power to issue bonds from time to time in its discretion to finance the undertaking of any project or purpose under this chapter. Bonds shall be payable …

70-2212. Debt service fund. An intermodal authority may create a debt service fund and accumulate therein a sum determined by the governing body, together with interest thereon, for the use, repairs, maintenance, and capital outlays of a county-based intermodal commerce authority…

70-2213. Federal, state and local money. An intermodal authority may accept, receive, receipt for, and spend federal, state and local money and other public or private money made available by grant, loan or appropriation to accomplish any of the purposes of this chapter and accor…

70-2214. PUBLICATION OF PROCEEDINGS – CONTEST PERIOD. (1) A resolution authorizing the issuance of any revenue bonds and the execution of an indenture as security pursuant to section 70-2211, Idaho Code, shall be published one (1) time in a newspaper of general circulation in the…