Idaho Code
Chapter 27 - SOIL CONSERVATION DISTRICTS
Section 22-2732 - LOANS FROM FUND — APPLICATION — APPROVAL — REPAYMENT.

22-2732. LOANS FROM FUND — APPLICATION — APPROVAL — REPAYMENT. (1) Eligible applicants may file an application with the local soil conservation district or the state soil and water conservation commission for a loan from the fund for the purpose of financing conservation improvement cost. Such application shall be filed in such a manner and shall be in such form, and be accompanied by such information as may be prescribed by the commission. Any such application filed with the district or the commission under the provisions of this chapter shall:
(a) Describe the nature and purposes of the improvements or projects;
(b) Set forth or be accompanied by a conservation plan approved by the local soil conservation district or the commission that identifies the conservation improvements, or projects, together with such technical and economic feasibility data and estimated costs as may be required by the commission;
(c) State whether money other than that for which application is made under this chapter will be used for improvement costs, and whether such money is available or has been sought for this purpose;
(d) Show that the applicant holds or can acquire title to all lands or has necessary easements and rights-of-way for the improvements; and
(e) Show the proposed project is feasible from a technical standpoint and economically justified.
(2) The local soil conservation districts and the commission shall keep each other informed of applications received. Within sixty (60) days of receipt of an application, the local soil conservation district or the commission shall review and evaluate, and if it deems necessary, investigate aspects of the proposed improvements. As part of such investigation, the district or the commission shall determine whether the plan for development of the conservation improvements is satisfactory. If the district or the commission determines the plan is unsatisfactory, it shall return the application to the applicant and may make such recommendations to the applicant as are considered necessary to make the plan satisfactory. If the district or the commission determines the plan and application are satisfactory, it shall be considered for funding.
(3) The commission may approve a loan for conservation improvements if after review, evaluation and investigation if necessary, it finds that:
(a) The applicant is qualified and responsible;
(b) There is reasonable assurance that the borrower can repay the loan; and
(c) That money in the resource conservation and rangeland development fund is available for the loan.
(4) If the commission approves a loan, the applicant shall execute a promissory note for repayment to the account of money loaned therefrom, together with interest not to exceed six percent (6%) annually as determined by the commission. The note shall further provide that repayment of the loan, together with interest thereon, shall commence not later than two (2) full years from the date the note is signed. Repayment shall be completed within the time period specified by the commission not to exceed fifteen (15) years, except that the commission may extend the time for making repayment in event of emergency or hardship. Such agreement shall also provide for such assurance of, and security for, repayment of the loan as are considered necessary by the commission.
(5) Upon approval of the loan and securing all necessary documents, the commission will make available, in approved form, project or contract funding.
(6) If an applicant fails to comply with the repayment contract, the interest in the improvement may be conveyed to a successor upon approval by the commission, which may contract with the qualified successor in interest of the original obligor for repayment of the loan, together with interest thereon, and for succession to its rights and obligation in any contract with the commission.

History:
[22-2732, added 1985, ch. 116, sec. 1, p. 241; am. 1992, ch. 270, sec. 6, p. 839; am. 1999, ch. 62, sec. 1, p. 164; am. 1999, ch. 137, sec. 5, p. 389; am. 2010, ch. 279, sec. 15, p. 740.]

Structure Idaho Code

Idaho Code

Title 22 - AGRICULTURE AND HORTICULTURE

Chapter 27 - SOIL CONSERVATION DISTRICTS

Section 22-2714 - PAYMENTS OF FEDERAL AID TO VARIOUS COUNTIES BY STATE CONTROLLER.

Section 22-2715 - SHORT TITLE.

Section 22-2716 - LEGISLATIVE DETERMINATION AND DECLARATION OF POLICY.

Section 22-2717 - DEFINITIONS.

Section 22-2718 - IDAHO STATE SOIL AND WATER CONSERVATION COMMISSION.

Section 22-2720 - CONSOLIDATION OF OR DELETION FROM AND ADDITION TO NEW OR EXISTING DISTRICTS.

Section 22-2721 - ELECTION, APPOINTMENT, QUALIFICATIONS AND TENURE OF SUPERVISORS.

Section 22-2722 - POWERS OF DISTRICTS AND SUPERVISORS.

Section 22-2723 - COOPERATION BETWEEN DISTRICTS.

Section 22-2724 - STATE AGENCIES TO COOPERATE.

Section 22-2725 - DISCONTINUANCE OF DISTRICTS.

Section 22-2726 - FUNDS OR ASSISTANCE PROVIDED BY COUNTY FROM COUNTY GENERAL FUND.

Section 22-2727 - ALLOCATION OF FUNDS TO DISTRICTS.

Section 22-2730 - RESOURCE CONSERVATION AND RANGELAND DEVELOPMENT FUND CREATED.

Section 22-2731 - ALLOCATION OF FUND.

Section 22-2732 - LOANS FROM FUND — APPLICATION — APPROVAL — REPAYMENT.

Section 22-2733 - GRANTS FROM STATE SOIL AND WATER CONSERVATION COMMISSION GENERAL FUND — APPLICATION — APPROVAL — GRANT AGREEMENT.

Section 22-2734 - COST-SHARE FROM STATE SOIL AND WATER CONSERVATION COMMISSION GENERAL FUND — APPLICATION — APPROVAL.

Section 22-2735 - PAYMENTS BY THE STATE SOIL AND WATER CONSERVATION COMMISSION — RULES — APPROVAL OF ATTORNEY GENERAL — AUDIT OF PAYMENTS.