42-3217. SINKING FUND. Whenever any indebtedness has been incurred by a district, it shall be lawful for the board to levy taxes and collect revenue for the purpose of creating a sinking fund in such amount sufficient to meet the payments of principal and interest on such indebtedness as the same matures, and to constitute a sinking fund for the payment of the principal amount of the indebtedness within thirty (30) years from the time of contracting the indebtedness evidenced thereby and in accordance with the provisions made for the payment of the principal and interest of such indebtedness and also to constitute a sinking fund for payment of the principal thereof, and theretofore provided by resolution pursuant to section 42-3222, Idaho Code, and as required by the constitution and laws of the state of Idaho.
History:
[42-3217, added 1947, ch. 152, sec. 17, p. 364; am. 1980, ch. 136, sec. 4, p. 298; am. 1985, ch. 38, sec. 1, p. 80; am. 1996, ch. 322, sec. 38, p. 1066.]
Structure Idaho Code
Title 42 - IRRIGATION AND DRAINAGE -- WATER RIGHTS AND RECLAMATION
Chapter 32 - WATER AND SEWER DISTRICTS
Section 42-3201 - DECLARATION OF PURPOSE.
Section 42-3202 - DEFINITION OF TERMS.
Section 42-3202A - RECREATIONAL WATER AND/OR SEWER DISTRICT — DEFINITION.
Section 42-3202C - CHANGING STATUS OF DISTRICT.
Section 42-3203 - JURISDICTION TO ESTABLISH DISTRICTS.
Section 42-3204 - PETITION — CONTENTS — AMENDMENTS.
Section 42-3205 - BOND OF PETITIONERS.
Section 42-3206 - NOTICE OF HEARING ON PETITION — JURISDICTION.
Section 42-3207 - HEARINGS ON PETITIONS — ELECTION FOR ORGANIZATION AND DIRECTORS.
Section 42-3208 - QUALIFICATION OF MEMBERS OF BOARD.
Section 42-3210 - MEETINGS — VACANCIES.
Section 42-3211 - ELECTIONS — TERMS OF OFFICE.
Section 42-3211a - EXPIRATION OF TERM.
Section 42-3211b - DECISION TO ESTABLISH BOARD DIRECTOR ZONES.
Section 42-3212 - GENERAL POWERS OF BOARD.
Section 42-3214 - LEVY AND COLLECTION OF TAXES.
Section 42-3215 - LEVIES TO COVER DEFAULTS AND DEFICIENCIES.
Section 42-3216 - OFFICERS TO LEVY AND COLLECT TAXES.
Section 42-3217 - SINKING FUND.
Section 42-3218A - SUBDISTRICTS — AUTHORITY TO ESTABLISH — ELECTION.
Section 42-3218B - ESTABLISHMENT.
Section 42-3218C - NATURE AND POWERS.
Section 42-3218D - INDEBTEDNESS — BOND ISSUES.
Section 42-3219 - EXCLUSION OF PROPERTY PETITIONED — HEARING — ORDER.
Section 42-3220 - LIABILITY OF PROPERTY INCLUDED OR EXCLUDED.
Section 42-3221 - ISSUANCE OF NEGOTIABLE COUPON BONDS — FORM AND TERMS.
Section 42-3222 - INDEBTEDNESS OF DISTRICT — SUBMISSION OF PROPOSITION TO ELECTORATE.
Section 42-3223 - NOTICE OF ELECTION.
Section 42-3224 - CONDUCT OF ELECTION — CANVASS OF RETURNS.
Section 42-3225 - EFFECT OF ELECTION — SUBSEQUENT ELECTIONS.
Section 42-3226 - CORRECTION OF FAULTY NOTICES.
Section 42-3227 - SEPARABILITY.
Section 42-3228 - BUDGET AND HEARING.
Section 42-3229 - NOTICE OF HEARING.
Section 42-3230 - PUBLIC INSPECTION OF BUDGET — TIME AND PLACE.
Section 42-3231 - QUORUM OF BOARD AT HEARING.
Section 42-3232 - VALIDATION OF ACTS TAKEN PURSUANT TO THIS CHAPTER.
Section 42-3233 - MERGER AUTHORIZED.
Section 42-3234 - MAJORITY VOTE REQUIRED.
Section 42-3235 - VOTING PROCEDURE.
Section 42-3237 - COURT ORDER DECLARING MERGER.
Section 42-3238 - PRIVATE COMMUNITY SEWER SYSTEM — PROPERTIES EXEMPT FROM OTHER TAXATION.
Section 42-3239 - DISSOLUTION OF A DISTRICT UPON TRANSFER OF ASSETS TO MUNICIPALITY.
Section 42-3240 - ANNEXATION OR WITHDRAWAL OF AREA IN A CITY.