Section 50-2720 – TAXATION.
50-2720. TAXATION. During any period that property acquired pursuant to this act is leased by a municipality or public corporation as a lessor, or title thereto is retained by a municipalaity [municipality] or public corporation under an installment purchase contract, taxes shall be payable to the same extent as if it were owned by such […]
Section 50-2721 – BONDS ELIGIBLE FOR INVESTMENT.
50-2721. 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, building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all […]
Section 50-2706 – PUBLIC CORPORATIONS — LIMITATIONS.
50-2706. PUBLIC CORPORATIONS — LIMITATIONS. No municipality may give or lend any money or property in aid of a public corporation chartered under the provisions of this chapter; provided, however, that a municipality may accept grants from the United States government or any agency thereof and apply grants in connection with industrial development facilities. The […]
Section 50-2722 – CONVEYANCE OF TITLE TO USER.
50-2722. CONVEYANCE OF TITLE TO USER. At or prior to the time the principal of, interest and premium, if any, on any revenue bonds issued hereunder to provide a particular project have been fully paid, the public corporation may execute such deeds and conveyances as are necessary and required to convey its rights, title and […]
Section 50-2707 – PUBLIC CORPORATIONS — AUDIT BY STATE.
50-2707. PUBLIC CORPORATIONS — AUDIT BY STATE. The finances of any public corporation are subject to examination by the legislative council. History: [50-2707, added 1982, ch. 119, sec. 1, p. 330; am. 1993, ch. 327, sec. 24, p. 1217.]
Section 50-2723 – CONSTRUCTION — SUPPLEMENTAL NATURE OF CHAPTER.
50-2723. CONSTRUCTION — SUPPLEMENTAL NATURE OF CHAPTER. This chapter supplements and neither restricts nor limits any powers which a municipality or presently authorized corporation might otherwise have under any laws of this state. History: [50-2723, added 1982, ch. 119, sec. 1, p. 337.]
Section 50-2708 – PUBLIC CORPORATIONS — POWERS.
50-2708. PUBLIC CORPORATIONS — POWERS. (1) A public corporation created under this chapter has the following powers with respect to industrial development facilities together with all powers incidental thereto or necessary for the performance thereof: (a) To locate, construct and maintain one or more industrial development facilities; (b) To lease to a lessee all or […]
Section 50-2709 – REPORTING AND ASSISTANCE.
50-2709. REPORTING AND ASSISTANCE. (1) Within ten (10) days after the issuance of any revenue bonds, each public corporation shall record the following and any additional information with the department of finance, bureau of securities: (a) The name of the issuer; (b) The proposed amount of the bonds; (c) A short description of the facilities […]
Section 50-2710 – REVENUE BONDS — PROVISIONS.
50-2710. REVENUE BONDS — PROVISIONS. (1) The principal of and the interest on any revenue bonds issued by a public corporation shall be payable solely from the funds provided for this payment from the revenues of the industrial development facilities funded by the revenue bonds. Each issue of revenue bonds shall be dated, shall bear […]
Section 50-2711 – INVESTMENT OF FUNDS.
50-2711. INVESTMENT OF FUNDS. An issuer issuing revenue bonds hereunder shall not commingle any funds received from the sale thereof with any other funds in its possession or under its control but may invest any such funds in the manner and in such obligations as shall be provided for in the bond indenture pursuant to […]