33-354. INDEBTEDNESS — BOND ISSUES. School subdistricts may incur debt and issue bonds for the same purposes as set forth in section 33-1102, Idaho Code. The governing body of a school subdistrict may submit to the qualified electors of the school subdistrict the question of whether the governing body of the school subdistrict shall be empowered to issue negotiable bonds of the school subdistrict in an amount and for a period of time to be named in the notice of election. Notice of the bond election shall be given, the election shall be conducted and the returns thereof canvassed and the qualifications of electors voting or offering to vote shall be as provided in title 34, Idaho Code. The question of the issuance of such bonds shall be approved only if the percentage of votes cast at such election were cast in favor thereof as that which is now, or may hereafter be, set by the constitution of the state of Idaho. All such bonds shall be authorized, issued and sold pursuant to the provisions of sections 33-1107 through 33-1121, Idaho Code. No bonds of a school subdistrict may be issued, however, if the issuance of such bonds would cause the percentage of market value for assessment purposes of taxable property within the boundaries of the school subdistrict represented by the aggregate outstanding indebtedness of the school subdistrict, when added to the percentage of the assessed valuation of taxable property represented by the aggregate outstanding indebtedness of the school district within which the school subdistrict lies, to exceed five percent (5%). As used in the preceding sentence hereof, "market value for assessment purposes," "aggregate outstanding indebtedness" and "issuance" shall have the same meanings as set forth in section 33-1103, Idaho Code. Upon the approval of the issuance of such bonds, the same may be issued by the governing body of the school subdistrict on behalf of the school subdistrict at any time within two (2) years from the date of such election. Wherever in title 34, Idaho Code, and in sections 33-1107 through 33-1121, Idaho Code, reference is made to "school district"; for purposes of this chapter it shall be deemed to refer to school subdistricts.
History:
[33-354, added 1986, ch. 61, sec. 1, p. 178; am. 2009, ch. 341, sec. 30, p. 1013; am. 2013, ch. 183, sec. 12, p. 440; am. 2014, ch. 260, sec. 1, p. 652.]
Structure Idaho Code
Section 33-301 - SCHOOL DISTRICTS BODIES CORPORATE.
Section 33-302 - CLASSIFICATION OF SCHOOL DISTRICTS.
Section 33-303 - RECLASSIFICATION OF SCHOOL DISTRICTS.
Section 33-304 - JOINT SCHOOL DISTRICTS.
Section 33-305 - NAMING AND NUMBERING SCHOOL DISTRICTS.
Section 33-306 - BOUNDARIES OF SCHOOL DISTRICTS.
Section 33-307 - CORRECTING OR ALTERING SCHOOL DISTRICT BOUNDARIES.
Section 33-308 - EXCISION AND ANNEXATION OF TERRITORY.
Section 33-309 - LAPSED DISTRICTS — ANNEXATION.
Section 33-310 - CONSOLIDATION OF SCHOOL DISTRICTS.
Section 33-310A - CONSOLIDATION OF CONTIGUOUS SCHOOL DISTRICTS.
Section 33-310B - FEASIBILITY STUDY AND PLAN FOR CONSOLIDATION.
Section 33-311 - PLAN OF CONSOLIDATION SUBMITTED TO ELECTORS.
Section 33-312 - DIVISION OF SCHOOL DISTRICT.
Section 33-313 - TRUSTEE ZONES.
Section 33-314 - APPEAL FROM ORDER OF STATE BOARD OF EDUCATION.
Section 33-315 - COOPERATIVE EDUCATIONAL SERVICES — LEGISLATIVE INTENT DECLARED.
Section 33-316 - COOPERATIVE CONTRACT TO EMPLOY SPECIALIZED PERSONNEL AND/OR PURCHASE MATERIALS.
Section 33-317 - COOPERATIVE SERVICE AGENCY — POWERS — DUTIES — LIMITATIONS.
Section 33-317A - LEGISLATIVE INTENT — COOPERATIVE SERVICE AGENCY — SCHOOL PLANT FACILITY LEVY.
Section 33-318 - FAIR SHARE OF EXPENSES — APPROPRIATION FROM SCHOOL DISTRICT FUNDS.
Section 33-319 - RURAL SCHOOL DISTRICTS — RURAL PUBLIC CHARTER SCHOOLS.
Section 33-320 - CONTINUOUS IMPROVEMENT PLANS AND TRAINING.
Section 33-351 - SUBDISTRICTS — AUTHORITY TO ESTABLISH — ELECTION.
Section 33-352 - ESTABLISHMENT.
Section 33-353 - NATURE AND POWERS.
Section 33-354 - INDEBTEDNESS — BOND ISSUES.
Section 33-355 - LEVY FOR PLANT FACILITIES RESERVE FUND — ELECTION.
Section 33-356 - SCHOOL BUILDING DESIGN AND ENERGY EFFICIENCY.
Section 33-357 - CREATION OF INTERNET-BASED EXPENDITURE WEBSITE.
Section 33-358 - KINDERGARTEN JUMP-START PROGRAM — PARENT TRAINING.