40-414. REFUNDING BONDS. The board is hereby authorized to provide by resolution for the issuance of refunding bonds of the board for the purpose of refunding any bonds then outstanding which shall have been issued, including the payment of any redemption premium and any interest accrued or to accrue to the date of redemption of the bonds, and, if deemed advisable by the board, for the additional purpose of constructing improvements, extensions, or enlargements of the turnpike project in connection with which the bonds to be refunded shall have been issued. The board is further authorized to provide by resolution for the issuance of its bonds for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of section 40-412, Idaho Code, including the payment of any redemption premium and any interest accrued or to accrue to the date of redemption of the bonds. The issuance of the bonds, the maturities and other details of them, the rights of the holders, and the rights, duties, and obligations of the board in respect of the bonds shall be governed by the provisions of this chapter insofar as they may be applicable.
History:
[40-414, added 1985, ch. 253, sec. 2, p. 612.]
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.