42-5233. POWER TO INCUR INDEBTEDNESS — ASSESSMENTS TO SECURE REPAYMENT — WARRANTS. (1) In order to secure funds for the mitigation plan or plans for the district, the board of directors may, by resolution duly adopted and entered upon the minutes, incur indebtedness by contract with a money lending institution; provided however, that the term of such indebtedness shall not exceed thirty (30) years. To secure the repayment of any indebtedness so incurred, the board shall levy assessments over the term of the indebtedness in amounts sufficient to repay the interest and principal as it falls due. Such assessments shall be levied in the manner and shall be subject to the limitations set forth in section 42-5232, Idaho Code. Assessments to repay debt with a term exceeding one (1) year may be levied only if the indebtedness has been approved at an election pursuant to sections 42-5234 through 42-5238, Idaho Code.
(2) Notwithstanding the provisions of subsection (1) of this section, the board of directors may, before the collection of the first assessment, incur indebtedness for the purpose of organization, or for any of the purposes of this chapter, and cause warrants of the district to issue therefor, provided that the total dollar amount of the warrants authorized to be issued shall not exceed three dollars ($3.00) for each acre of land authorized to be irrigated with ground water within the district, or for each two-hundredths (.02) of a cubic foot per second of ground water authorized to be diverted and used upon lands or facilities located within the district. Following the collection of the first assessment, the board of directors may at any time issue warrants of the district for the purpose of paying claims of indebtedness against the district, including salaries of officers and employees, not to exceed the district’s anticipated revenue.
(3) The warrants herein authorized shall be in form and substance the same as county warrants or as nearly the same as may be practicable and shall be signed by the chairman and attested by the secretary of said board. All such warrants shall be presented by the holder thereof to the treasurer of the district for payment who shall endorse thereon the day of presentation for payment with the additional endorsement thereon, in case of nonpayment, that they are not paid for want of funds, and such warrants shall draw interest at a rate to be established by the board of directors from the date of their presentation to the treasurer for payment as aforesaid until such warrants are paid. No warrants shall be issued in payment of any indebtedness of such district for less than face or par value. It shall be the duty of the treasurer from time to time when sufficient funds are available for that purpose to advertise in a newspaper in the county in which the district is situated requiring the presentation to the treasurer for payment of as many of the outstanding warrants as are able to be paid. Ten (10) days after the first publication of said notice by the treasurer calling in any of said outstanding warrants, said warrants shall cease to bear interest, which shall be stated in the notice. Said notice shall be published two (2) weeks consecutively and said warrants shall be called in and paid in the order of their endorsement.
History:
[42-5233, added 1995, ch. 290, sec. 1, p. 997; am. 2005, ch. 367, sec. 11, p. 1163; am. 2015, ch. 309, sec. 1, p. 1214; am. 2016, ch. 112, sec. 2, p. 318; am. 2016, ch. 113, sec. 1, p. 321.]
Structure Idaho Code
Title 42 - IRRIGATION AND DRAINAGE -- WATER RIGHTS AND RECLAMATION
Chapter 52 - GROUND WATER DISTRICTS
Section 42-5201 - SHORT TITLE — TITLE OF DISTRICTS — DEFINITIONS.
Section 42-5202 - ESTABLISHMENT OF GROUND WATER DISTRICTS.
Section 42-5203 - PETITION FOR ORGANIZATION — MAP — BOND.
Section 42-5204 - NOTICE OF PRESENTATION TO COUNTY COMMISSION.
Section 42-5205 - NOTICE OF COUNTY COMMISSION HEARING.
Section 42-5207 - ORGANIZATION HEARING BEFORE COUNTY COMMISSION — ORDER OF COUNTY COMMISSION.
Section 42-5208 - DIVISIONS OF DISTRICT FOR ELECTION OF DIRECTORS.
Section 42-5209 - NOTICE OF ELECTION.
Section 42-5210 - QUALIFICATIONS OF VOTERS FOR DISTRICT ELECTIONS.
Section 42-5211 - CONDUCT OF ELECTIONS.
Section 42-5212 - REGISTRATION NOT REQUIRED.
Section 42-5213 - CANVASS OF VOTES — COMPLETION OF ORGANIZATION.
Section 42-5215 - LIMITATION ON PROCEEDINGS AFFECTING VALIDITY.
Section 42-5216 - ORGANIZATIONAL MEETING OF BOARD.
Section 42-5217 - TREASURER’S OFFICIAL BONDS.
Section 42-5218 - ELECTION, TERM OF OFFICE, NOMINATIONS AND QUALIFICATIONS.
Section 42-5218A - WHEN ELECTION NOT REQUIRED.
Section 42-5218B - NOTICE OF ELECTION.
Section 42-5218C - CONDUCT OF ELECTIONS.
Section 42-5218D - CANVASS OF RETURNS — DECLARATION OF WINNERS.
Section 42-5219 - DIRECTORS AT LARGE.
Section 42-5223 - BOARD OF DIRECTORS — OFFICERS — MEETINGS — COMPENSATION — VACANCIES.
Section 42-5224 - POWERS AND DUTIES OF BOARD OF DIRECTORS.
Section 42-5225 - AUTHORITY TO CONSTRUCT AND OPERATE GROUND WATER RECHARGE OR STORAGE PROJECT.
Section 42-5226 - INTERSECTIONS WITH STREETS, RAILROADS, WATERCOURSES.
Section 42-5227 - OFFICERS MUST NOT BE INTERESTED IN CONTRACTS.
Section 42-5228 - INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS.
Section 42-5229 - REPORT TO DEPARTMENT OF WATER RESOURCES.
Section 42-5230 - STATEMENT OF FINANCIAL CONDITION.
Section 42-5231 - COUNTY COMMISSION TO HAVE ACCESS TO BOOKS.
Section 42-5232 - LEVY OF ASSESSMENTS.
Section 42-5233 - POWER TO INCUR INDEBTEDNESS — ASSESSMENTS TO SECURE REPAYMENT — WARRANTS.
Section 42-5234 - ELECTION FOR INDEBTEDNESS — REFERENDUM PETITION.
Section 42-5235 - JUDICIAL EXAMINATION.
Section 42-5236 - JUDICIAL PROCEEDINGS TO TEST VALIDITY.
Section 42-5237 - TAX EXEMPTION.
Section 42-5238 - LIBERAL CONSTRUCTION.
Section 42-5239 - LENDING INSTITUTIONS — RIGHT TO COMPEL ASSESSMENTS — ALTERNATIVE REMEDY.
Section 42-5240 - LIEN OF ASSESSMENT.
Section 42-5241 - PAYMENT OF ASSESSMENTS — WHEN DELINQUENT — INTEREST AND PENALTIES.
Section 42-5242 - ENTRY OF DELINQUENT ASSESSMENTS — FILING OF DELINQUENCY LIST.
Section 42-5243 - REDEMPTION AND SALE OF PROPERTY SUBJECT TO DELINQUENT ASSESSMENTS.
Section 42-5244A - APPORTIONMENT OF MITIGATION PLAN OBLIGATIONS.
Section 42-5244B - DELINQUENT ASSESSMENTS — NONCOMPLIANCE WITH MITIGATION PLAN.
Section 42-5245 - PETITION FOR ANNEXATION OF LAND.
Section 42-5246 - NOTICE OF PETITION.
Section 42-5247 - HEARING ON PETITION.
Section 42-5248 - ASSESSMENTS AGAINST ANNEXED LANDS.
Section 42-5249 - ORDER ACCEPTING OR REJECTING PETITION.
Section 42-5250 - ORDER TO BE RECORDED.
Section 42-5253 - ORDER OF EXCLUSION.
Section 42-5254 - SURVEY OF LAND TO BE EXCLUDED.
Section 42-5255 - COSTS OF EXCLUDING LAND.
Section 42-5256 - CHANGES TO BE FILED FOR RECORD.
Section 42-5258 - REINSTATEMENT OF LANDS.
Section 42-5259 - PARTICIPATION BY NONMEMBER IN DISTRICT SOLELY FOR MITIGATION PURPOSES.
Section 42-5260 - PETITION TO ANNEX STATE LAND.
Section 42-5261 - PETITION FOR DISSOLUTION OF DISTRICT.
Section 42-5262 - CALL FOR ELECTION ON DISSOLUTION PETITION.
Section 42-5263 - NOTICE OF DISSOLUTION ELECTION.
Section 42-5264 - CONDUCT OF DISSOLUTION ELECTION.
Section 42-5265 - CANVASS OF RETURNS ON ELECTION FOR DISSOLUTION.
Section 42-5266 - PETITION FOR CONFIRMATION OF DISSOLUTION BY DISTRICT COURT.
Section 42-5267 - CHARACTER OF PROCEEDINGS FOR CONFIRMATION.
Section 42-5268 - DECREE OF CONFIRMATION.
Section 42-5269 - DISSOLUTION WITHOUT ELECTION — PETITION — CONDITIONS.
Section 42-5270 - DISSOLUTION WITHOUT ELECTION — PARTIES.
Section 42-5271 - DISSOLUTION WITHOUT ELECTION — APPOINTMENT OF OFFICER TO MARSHAL ASSETS — DECREE.
Section 42-5272 - DISSOLUTION — APPEAL.
Section 42-5273 - CONSOLIDATION OF TWO OR MORE GROUND WATER DISTRICTS.
Section 42-5276 - INCLUSION OF IRRIGATION DISTRICTS ORGANIZED UNDER TITLE 43.