Section 50-2032 – SEVERABILITY.
50-2032. SEVERABILITY. The provisions of this act are hereby declared to be severable; and if any provision of this act or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this act. History: [(50-2032) 50-2030, added 1987, […]
Section 50-2033 – AMENDMENTS.
50-2033. AMENDMENTS. Except for consolidation of revenue allocation areas, a revenue allocation area may only be amended to extend its boundaries as set forth herein. An amendment to an urban renewal plan that does not seek to increase the geographic area of the plan, or does not seek to extend the years of the plan […]
Section 50-2011 – DISPOSAL OF PROPERTY IN URBAN RENEWAL AREA.
50-2011. DISPOSAL OF PROPERTY IN URBAN RENEWAL AREA. (a) An urban renewal agency may sell, lease, or otherwise transfer real property or any interest therein acquired by it for an urban renewal project, and may enter into contracts with respect thereto, in an urban renewal area for residential, recreational, commercial, industrial, educational or other uses […]
Section 50-2012 – ISSUANCE OF BONDS.
50-2012. ISSUANCE OF BONDS. (a) An urban renewal agency shall have power to issue bonds from time to time in its discretion to finance the undertaking of any urban renewal project under this act, including, without limiting the generality thereof, the payment of principal and interest upon any advances for surveys and plans or preliminary […]
Section 50-2013 – BONDS AS LEGAL INVESTMENTS.
50-2013. BONDS AS LEGAL INVESTMENTS. All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business, all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other […]
Section 50-2014 – PROPERTY EXEMPT FROM TAXES AND FROM LEVY AND SALE BY VIRTUE OF AN EXECUTION.
50-2014. PROPERTY EXEMPT FROM TAXES AND FROM LEVY AND SALE BY VIRTUE OF AN EXECUTION. (a) All property of an urban renewal agency, including funds, owned or held by it for the purposes of this act shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process […]
Section 50-2015 – COOPERATION BY PUBLIC BODIES.
50-2015. COOPERATION BY PUBLIC BODIES. (a) For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project and related activities authorized by this act, any public body may, upon such terms, with or without consideration, as it may determine: (1) dedicate, sell, convey or lease any of its interest […]
Section 50-2016 – TITLE OF PURCHASER.
50-2016. TITLE OF PURCHASER. Any instrument executed by an urban renewal agency and purporting to convey any right, title or interest in any property under this act shall be conclusively presumed to have been executed in compliance with the provisions of this act insofar as title or other interest of any bona fide purchasers, lessees […]
Section 50-2017 – INTERESTED PUBLIC OFFICIALS, COMMISSIONERS OR EMPLOYEES.
50-2017. INTERESTED PUBLIC OFFICIALS, COMMISSIONERS OR EMPLOYEES. No public official or employee of a municipality (or board or commission thereof), and no commissioner or employee of an urban renewal agency shall voluntarily acquire any personal interest, direct or indirect, in any urban renewal project, or in any property included or planned to be included in […]
Section 50-2018 – DEFINITIONS.
50-2018. DEFINITIONS. The following terms wherever used or referred to in this chapter, shall have the following meanings, unless a different meaning is clearly indicated by the context: (1) "Agency" or "urban renewal agency" shall mean a public agency created by section 50-2006, Idaho Code. (2) "Municipality" shall mean any incorporated city or town, or […]