Section 70-2202 – PURPOSE — PUBLIC AND GOVERNMENT FUNCTIONS.
70-2202. PURPOSE — PUBLIC AND GOVERNMENT FUNCTIONS. The purposes of a county-based or city-based intermodal authority are to: (1) Promote, stimulate and advance the commerce, economic development, and prosperity of its jurisdiction and of the state; (2) Endeavor to increase the volume of commerce within the jurisdiction of the county or city through planning, advertising, […]
Section 70-2203 – ESTABLISHMENT AND ABOLISHMENT.
70-2203. ESTABLISHMENT AND ABOLISHMENT. (1) There is hereby created in each county and incorporated city an independent public body, corporate and politic, to be known as an intermodal commerce authority. (2) No intermodal commerce authority and no county or city shall exercise the authority hereafter conferred by this chapter until after the county commissioners or […]
Section 70-2204 – COMMISSIONERS.
70-2204. COMMISSIONERS. (1) The powers of each intermodal authority are vested in the commissioners thereof. The resolution or ordinance setting forth the findings as provided in section 70-2203(2), Idaho Code, shall create the authority and shall include provisions for appointing a board of not fewer than three (3) commissioners for the authority to staggered terms […]
Section 70-2205 – COOPERATION OF COUNTY OR CITY.
70-2205. COOPERATION OF COUNTY OR CITY. (1) For the purpose of cooperating in the planning, establishment, construction or operation of an intermodal authority or any of its facilities, any governing body of the respective county or city for which an intermodal authority has been created may, upon such terms, with or without consideration, as it […]
Section 70-2206 – GENERAL POWERS OF A COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY.
70-2206. GENERAL POWERS OF A COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY. An intermodal authority shall have the powers provided to it by a local county or city governing body including: (1) Have perpetual succession unless abolished as provided in this chapter; (2) Sue and be sued; (3) Have a seal; (4) Execute contracts and other […]
Section 70-2108 – SECURITY FOR REVENUE BONDS.
70-2108. SECURITY FOR REVENUE BONDS. The principal, interest and premium, if any, on any revenue bonds issued hereunder shall be secured by a pledge of the revenues and receipts out of which the same shall be made payable and may also be payable out of proceeds from the sale of the project acquired with proceeds […]
Section 70-2109 – PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND POLITICAL SUBDIVISIONS.
70-2109. PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND POLITICAL SUBDIVISIONS. Revenue bonds passed under the provisions of this act shall not be deemed to constitute a debt or liability of the state of Idaho, any port district or any other political subdivision of the state of Idaho, but shall be payable solely from […]
Section 70-2110 – TAXATION.
70-2110. TAXATION. To the extent permitted by the constitution, the property acquired by any port district pursuant to this act is exempt from taxation, except that during any period that such property is leased by a port district under a lease, or title thereto is retained by a port district under an installment purchase contract, […]
Section 70-2111 – CONVEYANCE OF TITLE TO LESSEE.
70-2111. CONVEYANCE OF TITLE TO LESSEE. At or prior to the time the principal, interest and premium, if any, on any revenue bonds issued hereunder to provide a particular project have been fully paid, the port district may execute such deeds and conveyances as are necessary and required to convey its right, title and interest […]
Section 70-1913 – COVENANTS AS TO USE — FORFEITURE.
70-1913. COVENANTS AS TO USE — FORFEITURE. The commission may, in securing any such bids, or in selling, exchanging or conveying any such property, specify conditions to be placed in the commission’s instrument of conveyance of such property, and thereafter place such condition in such instrument, as covenants running with the land. Any violation of […]