39-8113. NOTES AND BONDS OF FINANCING AUTHORITY ARE TAX EXEMPT. The basin project commission and the financing authority perform essential governmental functions in the exercise of the powers conferred upon them under this chapter. The notes and bonds of the financing authority issued under this chapter, and the income therefrom, including any profit made on the sale thereof, and all its fees, charges, gifts, grants, revenues, receipts, and other moneys received, pledged to pay or secure the payment of the notes or bonds, are exempt from taxation by the state, municipalities and all other political subdivisions of the state. Any property acquired or used by the basin project commission consistent with this chapter are [is] exempt from taxation and assessments.
History:
[39-8113, added 2001, ch. 371, sec. 2, p. 1307.]
Structure Idaho Code
Chapter 81 - BASIN ENVIRONMENTAL IMPROVEMENT ACT
Section 39-8101 - SHORT TITLE.
Section 39-8102 - POLICY OF STATE.
Section 39-8103 - DEFINITIONS.
Section 39-8105 - GOVERNOR SHALL REQUEST RECIPROCAL LEGISLATION OR RESOLUTION.
Section 39-8107 - BASIN FUND AND FINANCING AUTHORITY — ESTABLISHMENT — ADMINISTRATORS — POWERS.
Section 39-8108 - FINANCING AUTHORITY MAY ISSUE NOTES AND BONDS — RELATED POWERS AND DUTIES.
Section 39-8109 - NOTES AND BONDS — STATE WILL NOT IMPAIR VESTED RIGHTS.
Section 39-8110 - LIMITATION OF LIABILITY — NOTES AND BONDS ARE NOT A DEBT OF THE STATE.
Section 39-8111 - STATE MAY MAKE GRANTS TO FINANCING AUTHORITY.
Section 39-8112 - NOTES AND BONDS OF FINANCING AUTHORITY ARE LEGAL INVESTMENTS.
Section 39-8113 - NOTES AND BONDS OF FINANCING AUTHORITY ARE TAX EXEMPT.
Section 39-8114 - CHAPTER NOT A LIMITATION OF POWERS.
Section 39-8115 - INCONSISTENT LAWS — THIS CHAPTER CONTROLS.