31-4511. INVESTMENT OF FUNDS. Each county issuing revenue bonds hereunder may invest any funds in bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of the United States of America; in certificates of deposit or time deposits constituting direct obligations of any bank as defined by the Idaho Bank Act, provided, however, that investments may be made only in those certificates of deposit or time deposits in banks which are insured by the Federal Deposit Insurance Corporation, if then in existence; or in short term discount obligations of the Federal National Mortgage Association. Any such securities may be purchased at the offering or market price thereof at the time of such purchase.
History:
[31-4511, added 1975, ch. 52, sec. 11, p. 105.]
Structure Idaho Code
Title 31 - COUNTIES AND COUNTY LAW
Chapter 45 - POLLUTION CONTROL FINANCING
Section 31-4501 - SHORT TITLE.
Section 31-4502 - DECLARATION OF NECESSITY AND PURPOSE — LIBERAL CONSTRUCTION.
Section 31-4503 - DEFINITIONS.
Section 31-4506 - SECURITY FOR REVENUE BONDS.
Section 31-4507 - PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND COUNTY.
Section 31-4509 - CONVEYANCE OF TITLE TO LESSEE.
Section 31-4510 - POWERS NOT RESTRICTED — LAW COMPLETE IN ITSELF — ELECTION.
Section 31-4511 - INVESTMENT OF FUNDS.
Section 31-4512 - BONDS ELIGIBLE FOR INVESTMENT.
Section 31-4513 - EXEMPTION FROM CONSTRUCTION AND BIDDING REQUIREMENTS FOR PUBLIC BUILDINGS.
Section 31-4514 - JOINT OPERATION.
Section 31-4515 - TAX EXEMPTION.
Section 31-4516 - BOND ELECTIONS — VALIDATION OF ELECTIONS AND BONDS.