43-1507. INVESTMENT OF CERTAIN FUNDS AUTHORIZED. In addition to the authority conferred upon the board of directors of an irrigation district by section 57-127, Idaho Code, such board shall have the authority to invest the surplus funds of such district, in the negotiable, general obligation bonds or other evidences of indebtedness of the United States or of this state or in local improvement district bonds or warrants authorized by chapter 17, title 50, or chapter 25, title 43, Idaho Code, in lieu of depositing the same in designated depositories as provided by the public depository law and to dispose of such bonds, warrants, or evidences of indebtedness as and when said board may direct.
History:
[43-1507, added 1943, ch. 153, sec. 1, p. 309; am. 2003, ch. 82, sec. 1, p. 258.]
Structure Idaho Code
Title 43 - IRRIGATION DISTRICTS
Chapter 15 - MISCELLANEOUS PROVISIONS OF DISTRICT LAW
Section 43-1501 - NAVIGATION AND MINING INDUSTRIES NOT IMPAIRED.
Section 43-1502 - PUBLICATION OF NOTICES.
Section 43-1503 - OTHER LAWS UNAFFECTED.
Section 43-1504 - EXISTING DISTRICTS TO BE GOVERNED BY THIS TITLE.
Section 43-1505 - IRRIGATION LATERAL DISTRICTS.
Section 43-1506 - CHANGE OF NAME OF IRRIGATION DISTRICTS.
Section 43-1507 - INVESTMENT OF CERTAIN FUNDS AUTHORIZED.
Section 43-1509 - RIGHT TO PURCHASE LANDS WHEN HOLDING TAX TITLE.