Section 50-3105 – DISTRICT POWERS.
50-3105. DISTRICT POWERS. (1) A district formed pursuant to this chapter, although a political subdivision of this state, is not a governmental entity of general purposes and powers, but is a special limited purposes district, with powers only as permitted under this chapter, which powers include the power to finance community infrastructure consistent with the […]
Section 50-3106 – CHANGE IN DISTRICT BOUNDARIES — AMEND GENERAL PLAN.
50-3106. CHANGE IN DISTRICT BOUNDARIES — AMEND GENERAL PLAN. (1) After district formation, an area may be deleted from the district only following notice and hearing in the manner prescribed for the formation hearing, adoption of a resolution of intention to do so by the district board, and by voter approval by the qualified electors […]
Section 50-3107 – FINANCES.
50-3107. FINANCES. (1) Only community infrastructure to be publicly owned by this state or a political subdivision thereof may be financed pursuant to this chapter. (2) Community infrastructure to be financed or acquired, or publicly or privately constructed pursuant to this chapter shall be subject to the required bidding procedures for any Idaho public agency. […]
Section 50-3108 – GENERAL OBLIGATION BONDS — ELECTION — MAXIMUM INDEBTEDNESS ALLOWED — LEVY.
50-3108. GENERAL OBLIGATION BONDS — ELECTION — MAXIMUM INDEBTEDNESS ALLOWED — LEVY. (1) After district formation, whenever the district board shall deem it advisable to issue general obligation bonds of the district, the district board shall provide therefor by resolution, which resolution shall specify and set forth the community infrastructure and other costs and expenses […]
Section 50-3109 – SPECIAL ASSESSMENTS — BONDS.
50-3109. SPECIAL ASSESSMENTS — BONDS. (1) After district formation, upon the submission of a petition signed by no fewer than two-thirds (0.6667) of the owners of all the lands located in a proposed assessment area, the district board shall adopt a resolution ordering that a hearing be held to determine whether a special assessment should […]
Section 50-3110 – REVENUE BONDS — ELECTION.
50-3110. REVENUE BONDS — ELECTION. (1) Subject to section 3, article VIII, of the constitution of the state of Idaho, after district formation, whenever the district board shall deem it advisable to issue revenue bonds of the district, the district board shall provide therefor by resolution, which resolution shall specify and set forth the community […]
Section 50-3111 – TERMS OF BONDS.
50-3111. TERMS OF BONDS. For any bonds issued under this chapter, the district board shall prescribe the denominations of the bonds, the principal amount of each issue and the form of the bonds and shall establish the maturities, which shall not exceed thirty (30) years, interest payment dates and interest rates, whether fixed or variable, […]
Section 50-3101 – PURPOSE, RELATIONSHIP WITH OTHER LAWS AND SHORT TITLE.
50-3101. PURPOSE, RELATIONSHIP WITH OTHER LAWS AND SHORT TITLE. (1) The purpose of this chapter is: (a) To encourage the funding and construction of regional community infrastructure in advance of actual developmental growth that creates the need for such additional infrastructure; (b) To provide a means for the advance payment of development impact fees established […]
Section 50-3102 – DEFINITIONS.
50-3102. DEFINITIONS. As used in this chapter, the following terms shall have the meanings as stated: (1) "Assessment area" means real property within the boundaries of a community infrastructure district that is the subject of a specific special assessment as set forth in this chapter. (2) "Community infrastructure" means improvements that have a substantial nexus […]
Section 50-3103 – CREATION OF DISTRICT.
50-3103. CREATION OF DISTRICT. (1) The process for the creation and organization of a community infrastructure district shall be initiated by a petition signed by not less than two-thirds (2/3) of the district residents or by all of the owners of all the lands located in the proposed district. The petition shall be filed with […]