Section 67-6225 – CONSTITUTIONALITY.
67-6225. CONSTITUTIONALITY. Notwithstanding any other evidence of legislative intent, it is hereby declared to be the controlling legislative intent, that if any provision of this act or the application thereof to any person or circumstance is held invalid, the remainder of this act and the application of such provisions to persons or circumstances other than […]
Section 67-6226 – NON-AGENCY STATUS.
67-6226. NON-AGENCY STATUS. It is recognized that the association is not, and has not been since its inception, a state or local agency for purposes of Idaho law. History: [67-6226, added 1996, ch. 253, sec. 31, p. 828; am. 2000, ch. 342, sec. 14, p. 1161.]
Section 67-6227 – IDAHO WORKFORCE HOUSING FUND.
67-6227. IDAHO WORKFORCE HOUSING FUND. [EFFECTIVE UNTIL DECEMBER 31, 2026] (1) There is hereby created within the state treasury the Idaho workforce housing fund that will consist of such sums as may be appropriated by the legislature for the purpose of providing financial assistance for workforce housing development. (2) The association is hereby appointed as […]
Section 67-6216 – AUTHORITY TO MAKE LOANS.
67-6216. AUTHORITY TO MAKE LOANS. The association is authorized to make loans to housing sponsors for the necessary expenses, prior to construction, in planning, and obtaining financing for, the rehabilitation or construction of housing projects. Such loans shall be made without interest and shall not exceed eighty percent (80%) of the reasonable costs expected to […]
Section 67-6218 – FEASIBILITY.
67-6218. FEASIBILITY. The association shall encourage economically sound innovative approaches to housing development projects and, without limiting the foregoing, shall encourage consolidated financing through such techniques as blanket mortgages. History: [67-6218, added 1972, ch. 324, sec. 18, p. 789; am. 1974, ch. 104, sec. 28, p. 1210; am. 1996, ch. 253, sec. 22, p. 826.]
Section 67-6219 – TECHNICAL ASSISTANCE.
67-6219. TECHNICAL ASSISTANCE. The association may provide technical assistance to eligible housing sponsors of housing projects, including assistance in arranging financing. History: [67-6219, added 1972, ch. 324, sec. 19, p. 789; am. 1974, ch. 104, sec. 29, p. 1210; am. 1996, ch. 253, sec. 23, p. 826.]
Section 67-6220 – AUDITS — ANNUAL REPORTS.
67-6220. AUDITS — ANNUAL REPORTS. (1) The legislative council is authorized to conduct a post audit of the books and records of the Idaho housing and finance association on the same basis as audits are conducted of state agencies. (2) The association shall file its financial report for the year then ended with the secretary […]
Section 67-6221 – CONFLICT OF INTEREST.
67-6221. CONFLICT OF INTEREST. Any member, officer or employee of the association who is interested either directly or indirectly, or who is an officer or employee of, or has an ownership interest in any firm or agency interested directly or indirectly in any contract with the association, including any loan to any housing sponsor, shall […]
Section 67-6222 – EXEMPTION OF REAL PROPERTY OF ASSOCIATION FROM LEVY AND SALE BY EXECUTION.
67-6222. EXEMPTION OF REAL PROPERTY OF ASSOCIATION FROM LEVY AND SALE BY EXECUTION. All real property of the association shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall any judgment against the association be a charge or lien […]
Section 67-6208 – TAX EXEMPT STATUS.
67-6208. TAX EXEMPT STATUS. As set forth in the declaration and statement of intent herein, the association will be performing an essential governmental function in the exercise of the powers conferred upon it by this act, and the notes and bonds of the association issued pursuant to this act, and the income therefrom, including any […]