43-1919. DISTRICT NOT LIABLE ON BONDS. Bonds issued pursuant to the irrigation district domestic water system revenue bond act shall not be a debt of the district and the district shall not be liable thereon, nor shall they be payable out of any funds other than the revenue pledged to the payment thereof. Each bond issued under the irrigation district domestic water system revenue bond act shall recite, in substance, that the bond, including interest thereon, is payable solely from the revenue pledged to the payment thereof. Bonds may be issued under the irrigation district domestic water system revenue bond act notwithstanding and without regard to any limitation or restriction on the amount or percentage of indebtedness, or of outstanding obligations of a district.
History:
[43-1919, added 1988, ch. 299, sec. 14, p. 951.]
Structure Idaho Code
Title 43 - IRRIGATION DISTRICTS
Chapter 19 - DOMESTIC WATER SYSTEMS — CONTRACTS WITH UNITED STATES
Section 43-1901 - AUTHORITY CONFERRED.
Section 43-1902 - METHOD OF MAKING CONTRACT.
Section 43-1903 - TOLLS AND CHARGES — HANDLING OF FUNDS.
Section 43-1904 - LIENS FOR TOLLS AND CHARGES — RECORDING — DURATION — ENFORCEMENT.
Section 43-1905 - ASSESSMENTS AND CHARGES AGAINST BENEFITED LANDS.
Section 43-1906 - SHORT TITLE.
Section 43-1907 - GRANT OF AUTHORITY.
Section 43-1908 - DEFINITIONS.
Section 43-1910 - SUPERVISION OF WORKS.
Section 43-1911 - WORKS TO BE SELF-SUPPORTING.
Section 43-1912 - USE OF WORKS — REVENUE.
Section 43-1913 - PRELIMINARY EXPENSES.
Section 43-1914 - RESOLUTION PRIOR TO CONSTRUCTION — ELECTION.
Section 43-1915 - BONDS — FORM — CONDITIONS.
Section 43-1916 - BONDS — ISSUANCE — TERMS AND CONDITIONS.
Section 43-1917 - VALIDITY OF BONDS.
Section 43-1918 - LIEN OF BONDS.