31-4314. LIMITATION OF POWER TO INCUR DEBT. Neither the board nor any officer shall have power to incur any debt or liability on behalf of the district, whether by issuance of bonds or otherwise, in excess of the express provisions of this act and any such debt or liability so incurred shall be void; except that for the purpose of organization or for any of the purposes of this act, the board may, before making the tax levy in the fiscal year of organization, incur debts not exceeding in the total a sum equal to one-tenth of one percent (0.1%) of market value for assessment purposes of the taxable property within the district or five-tenths of one percent (0.5%) of market value for assessment purposes of the taxable property within a district that is created pursuant to section 31-4304A, Idaho Code.
History:
[31-4314, added 1970, ch. 212, sec. 14, p. 599; am. 1971, ch. 32, sec. 2, p. 76; am. 1990, ch. 394, sec. 1, p. 1105; am. 1995, ch. 353, sec. 3, p. 1195; am. 1996, ch. 322, sec. 15, p. 1042; am. 2015, ch. 9, sec. 1, p. 12.]
Structure Idaho Code
Title 31 - COUNTIES AND COUNTY LAW
Chapter 43 - RECREATION DISTRICTS
Section 31-4301 - SHORT TITLE.
Section 31-4302 - DECLARATION OF PUBLIC BENEFIT.
Section 31-4303 - DEFINITIONS.
Section 31-4304 - CREATION OF RECREATION DISTRICTS.
Section 31-4304A - CREATION OF A PLANNED UNIT DEVELOPMENT RECREATION DISTRICT.
Section 31-4305 - DIRECTORS — QUALIFICATIONS — VACANCY — COMPENSATION — TERM.
Section 31-4306 - ELECTION OF DIRECTORS.
Section 31-4307 - PERSONS WHO MAY VOTE IN ELECTION.
Section 31-4308 - ORGANIZATION OF BOARD — MEETINGS — INSPECTION OF RECORDS.
Section 31-4309 - OFFICERS OF BOARD.
Section 31-4310 - PRESIDENT OF BOARD — DUTIES.
Section 31-4311 - SECRETARY OF BOARD — DUTIES.
Section 31-4312 - TREASURER OF BOARD — DUTIES.
Section 31-4313 - FISCAL YEAR — AUDIT.
Section 31-4314 - LIMITATION OF POWER TO INCUR DEBT.
Section 31-4315 - CLAIMS AGAINST DISTRICT.
Section 31-4316 - PURPOSE OF DISTRICT.
Section 31-4317 - POWERS OF DISTRICT.
Section 31-4318 - LEVY OF TAX.
Section 31-4318A - FEE IN LIEU OF TAXES.
Section 31-4319 - ANNEXATION OF ADDITIONAL TERRITORY.
Section 31-4320 - DISSOLUTION OF DISTRICT — PROCEDURE.
Section 31-4320A - DISSOLUTION OF INACTIVE DISTRICT.
Section 31-4321 - LIBERAL CONSTRUCTION.
Section 31-4322 - BOND ISSUES AUTHORIZED — FORM AND TERMS.
Section 31-4324 - NOTICES OF ELECTION ON PROPOSED INDEBTEDNESS.
Section 31-4325 - CONDUCT OF ELECTION FOR PROPOSED INDEBTEDNESS.
Section 31-4326A - SECURITY — TAX LEVIES AND SINKING FUND.
Section 31-4327 - RECREATION DISTRICT RESERVE FUND.
Section 31-4328 - RECREATION FACILITIES RESERVE FUND ELECTION.
Section 31-4329 - ADOPTION OF BUDGET — PUBLIC HEARING.
Section 31-4330 - NOTICE OF HEARING — POSTING AND PUBLICATION.
Section 31-4331 - PUBLIC INSPECTION.
Section 31-4332 - BOARD ATTENDANCE — DUTIES.
Section 31-4333 - CONFIRMATION OF ELECTIONS AND SUBDISTRICT BOUNDARIES.