Title 43 — IRRIGATION DISTRICTS
25 chapters · 459 sections in this title.
Idaho Code § 43-2546 Local improvement guarantee fund — Creation of fund
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43-2546. Local improvement guarantee fund — Creation of fund. Any district may by resolution of appropriation or by levy of a tax of not to exceed one (1) mill in any one (1) year upon the lots or lands in the local improvement district, or by appropriation from such other source…
Idaho Code § 43-2547 Bonds, warrants and coupons, when paid out of fund — Nonpayment for want of funds — Interest
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43-2547. Bonds, warrants and coupons, when paid out of fund — Nonpayment for want of funds — Interest. Whenever any district has established such local improvement guarantee fund, and any bond, warrant or coupon drawn against any local improvement fund is presented to the distric…
Idaho Code § 43-2548 Subrogation of district to rights of payee — Surplus funds — Payment into fund — Preferences
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43-2548. Subrogation of district 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 bond or warrant, the district, as tr…
Idaho Code § 43-2549 Maintenance and operation and sources of fund
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43-2549. Maintenance and operation and sources of fund. The board 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 certifi…
Idaho Code § 43-2550 Replenishment of fund — Warrants — Issuance against fund — Tax levy
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43-2550. 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 board ma…
Idaho Code § 43-2551 Bonds and warrants — Revenues from which payable
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43-2551. 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 district by which the same is issued, except to the extent of the funds created and received by assessments against the …
Idaho Code § 43-2552 Bonds payable from fund
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43-2552. Bonds payable from fund. Whenever a district has created a local improvement guarantee fund, under the provisions of this act, any local improvement district bonds issued thereafter shall provide that the principal sum of such bonds and the interest thereon shall be paya…
Idaho Code § 43-2553 Excess in fund — Disposition
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43-2553. Excess in fund — Disposition. When a local improvement guarantee fund duly created in any district exceeds in amount of moneys held therein by ten percent (10%) of the total outstanding obligations thereby guaranteed, then the board may, by resolution, authorize the trea…
Idaho Code § 43-2554 Reserve fund authorized
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43-2554. 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 board may create a reserve fund for each obligation in addition to or in lieu of…