31-1507. PROCEDURES FOR REDEEMING REGISTERED WARRANTS. If the board of county commissioners declares an emergency pursuant to section 31-1608, Idaho Code, the process of funding registered warrants shall conform with current banking and accounting requirements.
When necessary, the county treasurer shall identify ways of redeeming warrants, including short term borrowing from other county funds at market interest rates, until a warrant redemption levy is established as provided in section 63-806(1), Idaho Code. To this end, the county treasurer may contact local financial institutions about currently available interim financing options. After reviewing the alternatives provided by the county treasurer, the board of county commissioners shall, by resolution, select the method of financing and the interest rate to be paid and direct the county auditor to establish the warrant redemption fund. The county treasurer shall complete necessary arrangements to secure sufficient funds to redeem registered warrants.
History:
[(31-1507) I.C., sec. 31-1512, as added by 1994, ch. 35, sec. 2, p. 54; am. and redesig. 1995, ch. 61, sec. 12, p. 138; am. 1996, ch. 322, sec. 11, p. 1040.]
Structure Idaho Code
Title 31 - COUNTIES AND COUNTY LAW
Chapter 15 - COUNTY FINANCES AND CLAIMS AGAINST COUNTY
Section 31-1501 - CLAIMS PRESENTED TO BE ACCOMPANIED BY RECEIPTS.
Section 31-1502 - CHECK LIST OF BILLS ALLOWED.
Section 31-1503 - PROHIBITIONS ON ALLOWANCE OF CLAIMS.
Section 31-1504 - BURIAL OF COUNTY POOR — CORONERS RELEASED FROM LIABILITY.
Section 31-1505 - PARTIAL ALLOWANCE AND RECONSIDERATION.
Section 31-1506 - JUDICIAL REVIEW OF BOARD DECISIONS.
Section 31-1507 - PROCEDURES FOR REDEEMING REGISTERED WARRANTS.
Section 31-1508 - TRANSFER OF MONEYS — ORDER OF PAYMENT.
Section 31-1509 - ACCOUNTING SYSTEM.
Section 31-1510 - DEFINITIONS.
Section 31-1511 - SIGNATURES REQUIRED ON WARRANTS AND METHOD OF PAYMENT.