Section 67-6420 – REMEDIES OF BOND AND NOTE HOLDERS.
67-6420. REMEDIES OF BOND AND NOTE HOLDERS. (a) In the event that the authority shall default in the payment of principal of or interest on any issue of notes and bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty […]
Section 67-6421 – STATE GRANTS AND LEASES TO AUTHORITY.
67-6421. STATE GRANTS AND LEASES TO AUTHORITY. The state may make grants of money or property and may lease property to the authority for the purpose of enabling it to carry out its corporate purposes and for the exercise of its powers, including, but not limited to, deposits to the reserve funds of the authority. […]
Section 67-6422 – AUTHORITY OBLIGATIONS ARE LEGAL INVESTMENTS.
67-6422. AUTHORITY OBLIGATIONS ARE LEGAL INVESTMENTS. The notes and bonds of the authority shall be legal investments in which all public officers and public bodies of this state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking associations, trust […]
Section 67-6423 – ACT NOT A LIMITATION OF POWERS.
67-6423. ACT NOT A LIMITATION OF POWERS. Neither this act nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the authority might otherwise have under any laws of this state, and this act is cumulative to any such powers. This act does and shall be construed […]
Section 67-6424 – INCONSISTENCY WITH OTHER LAWS.
67-6424. INCONSISTENCY WITH OTHER LAWS. Insofar as the provisions of this act are inconsistent with the provisions of any other law, general, specific or local, the provisions of this act shall be controlling. History: [67-6424, added 1974, ch. 111, sec. 25, p. 1263.]
Section 67-6416 – REFUNDING OBLIGATIONS — USE OF PROCEEDS.
67-6416. REFUNDING OBLIGATIONS — USE OF PROCEEDS. Refunding obligations issued as provided in section 67-6412 may be sold or exchanged for outstanding obligations issued under this act and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption or payment of such outstanding obligations. Pending the […]
Section 67-6417 – DEPOSIT OF AUTHORITY MONEYS.
67-6417. DEPOSIT OF AUTHORITY MONEYS. (a) All moneys of the authority except as otherwise authorized or provided in this act shall be deposited as soon as practicable in a separate account or accounts in banks or trust companies organized under the laws of the state or national banking association. The moneys in such accounts shall […]
Section 67-6418 – CONTRACT OF THE STATE.
67-6418. CONTRACT OF THE STATE. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders thereof or in […]
Section 67-6419 – LIMITATION OF LIABILITY ON AUTHORITY OBLIGATIONS.
67-6419. LIMITATION OF LIABILITY ON AUTHORITY OBLIGATIONS. The notes, bonds or other obligations of the authority shall not be or become an indebtedness or obligation of the state of Idaho, or of any department, board, commission, agency, political subdivision, body corporate and politic, or instrumentality of or county within the state nor shall such notes, […]
Section 67-6404 – DECLARATION OF POLICY.
67-6404. DECLARATION OF POLICY. It is hereby declared: (a) the functions of government have multiplied many times since the admission of the state of Idaho into the union in 1890; (b) in view of the many increased functions of government, it is necessary that proper provision of office space and related facilities for the many […]