40-407. REMEDY. The only remedy available to any holder of bonds, or any of the coupons appertaining to them, and the trustee under any trust agreement, except to the extent the rights given may be restricted by a trust agreement, shall be to the particular turnpike project account and not against the state or any of its political subdivisions. A statement to this effect shall be printed on the face of all turnpike revenue bonds and any attached coupons.
History:
[40-407, added 1985, ch. 253, sec. 2, p. 608.]
Structure Idaho Code
Title 40 - HIGHWAYS AND BRIDGES
Chapter 4 - IDAHO TURNPIKE AUTHORITY
Section 40-401 - TURNPIKE PROJECTS.
Section 40-402 - IDENTIFICATION OF TURNPIKE PROJECTS.
Section 40-404 - FEEDER HIGHWAYS.
Section 40-405 - TOLLS, FIXING AND COLLECTING.
Section 40-408 - TAX EXEMPTION — TURNPIKE PROJECTS.
Section 40-409 - REAL PROPERTY GRANTS AUTHORIZED — ANNUAL REPORT — INTEREST IN CONTRACT PENALIZED.
Section 40-411 - POWER TO ISSUE BONDS — CREDIT OF STATE NOT PLEDGED.
Section 40-412 - BONDS OF BOARD AS TURNPIKE AUTHORITY.