Section 67-8729 – IDAHO BOND BANK ADMINISTRATIVE FUND.
67-8729. IDAHO BOND BANK ADMINISTRATIVE FUND. (1) There is hereby created in the state treasury the "Idaho Bond Bank Administrative Fund" to which shall be credited: (a) Fees collected from municipalities or other potential sellers of municipal bonds in connection with application for and receipt of financing under this chapter, and interest and other charges […]
Section 67-8722 – MUNICIPAL BONDS.
67-8722. MUNICIPAL BONDS. Any municipality which receives sales tax funds from the state may, in addition to any other powers it may have and without regard to the restrictions or requirements that might otherwise apply under the laws of the state but subject to the requirements of section 3, article VIII, of the constitution of […]
Section 67-8723 – COMPLETE AUTHORITY.
67-8723. COMPLETE AUTHORITY. This chapter provides a complete, additional and alternative method for accomplishing the acts authorized by this chapter, whether by the authority or by municipalities, and the issuance of bonds and municipal bonds, the purchase of municipal bonds, the entering into of any indenture, trust agreement, credit enhancement or liquidity agreement, investment agreement, […]
Section 67-8724 – RIGHTS NOT TO BE IMPAIRED BY STATE.
67-8724. RIGHTS NOT TO BE IMPAIRED BY STATE. The state does hereby pledge to and agree with the holders of any 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 holders thereof or in […]
Section 67-8725 – PAYMENT TRANSFER — NOTICE OF NONPAYMENT — STATE FINANCIAL ASSISTANCE INTERCEPT MECHANISM — STATE TREASURER DUTIES — INTEREST AND PENALTY PROVISIONS.
67-8725. PAYMENT TRANSFER — NOTICE OF NONPAYMENT — STATE FINANCIAL ASSISTANCE INTERCEPT MECHANISM — STATE TREASURER DUTIES — INTEREST AND PENALTY PROVISIONS. (1) (a) Each municipality, with outstanding unpaid municipal bonds as set forth in this chapter held by or for the authority, shall transfer moneys sufficient for the scheduled debt service payment to its […]
Section 67-8726 – COOPERATION BY GOVERNMENT AGENCIES.
67-8726. COOPERATION BY GOVERNMENT AGENCIES. (1) All officers, departments, boards, agencies, divisions and commissions of the state shall render to the authority services that are within the area of their respective governmental functions and that may be requested by the authority, and shall comply promptly with any reasonable request by the authority to conduct a […]
Section 67-8727 – ALTERNATIVE INTERCEPT PROCEDURE.
67-8727. ALTERNATIVE INTERCEPT PROCEDURE. Notwithstanding any other provision of law to the contrary, to the extent that any bonds are not secured by moneys appropriated by the legislature to the reserve fund established pursuant to section 67-8713, Idaho Code, or such moneys are insufficient to pay debt service when due on the bonds, in lieu […]
Section 67-8712 – PRESUMPTION OF VALIDITY.
67-8712. PRESUMPTION OF VALIDITY. After issuance, all bonds of the authority, and the purchase of all municipal bonds with the proceeds of the bonds, and any contracts entered into in connection with issuance of the bonds, shall be conclusively presumed to be fully authorized and issued under the laws of the state, and all persons, […]
Section 67-8713 – RESERVE FUND — ADDITIONAL FUNDS AND ACCOUNTS.
67-8713. RESERVE FUND — ADDITIONAL FUNDS AND ACCOUNTS. (1) There is hereby created in the state treasury a fund to be known as the "Idaho Municipal Bond Bank Authority Reserve Fund" (hereinafter referred to as "reserve fund") in which there shall be deposited or transferred: (a) All proceeds of bonds or municipal bonds or any […]
Section 67-8714 – PERSONAL LIABILITY.
67-8714. PERSONAL LIABILITY. Neither a member of the authority nor a person executing bonds issued or contracts entered into under this chapter shall be liable personally on the bonds or contracts. History: [67-8714, added 2001, ch. 130, sec. 1, p. 457.]