43-2546. LOCAL IMPROVEMENT GUARANTEE FUND — CREATION OF FUND. Any district may by resolution of appropriation or by levy of a tax of not to exceed one (1) mill in any one (1) year upon the lots or lands in the local improvement district, or by appropriation from such other sources of the local improvement district as may be determined by the board, create a fund for the purpose of guaranteeing, to the extent of such fund, the payment of bonds or warrants and interest thereon, hereafter issued against any local improvements therein; provided, that such sum so levied or appropriated in any year shall be more than sufficient to pay the outstanding warrants of said fund and to establish therein a balance, which combined levy and appropriation in any one (1) year shall not exceed five percent (5%) of the outstanding obligations thereby guaranteed; provided further, that the board shall not levy any tax as herein provided when the amount of moneys in the local improvement guarantee fund equals ten percent (10%) of the total outstanding obligations thereby guaranteed. The tax levies herein authorized and directed shall be additional to and, if need be, in excess of any and all statutory limitations. The fund so created shall be designated local improvement guarantee fund.
History:
[43-2546, added 1993, ch. 407, sec. 1, p. 1497.]
Structure Idaho Code
Title 43 - IRRIGATION DISTRICTS
Chapter 25 - LOCAL IMPROVEMENT DISTRICTS
Section 43-2501 - SHORT TITLE.
Section 43-2502 - DEFINITIONS.
Section 43-2503 - POWERS CONFERRED.
Section 43-2504 - INITIATION OF ORGANIZATION OF LOCAL IMPROVEMENT DISTRICT.
Section 43-2505 - RESOLUTION OF INTENTION TO CREATE DISTRICT.
Section 43-2506 - NOTICE OF INTENTION AND HEARING.
Section 43-2507 - PROTESTS AND HEARINGS.
Section 43-2509 - LIMITATION ON ASSESSMENTS AGAINST PROPERTY.
Section 43-2510 - PREPARATION OF ASSESSMENT ROLL AND NOTICE OF HEARING THEREON.
Section 43-2511 - NOTICE OF HEARING ON ASSESSMENT ROLL.
Section 43-2512 - HEARING OBJECTIONS TO ASSESSMENT ROLL AND CONFIRMATION.
Section 43-2513 - CONFIRMATION OF ASSESSMENT ROLL.
Section 43-2514 - NOTICE AND PAYMENT OF ASSESSMENTS.
Section 43-2515 - INSTALLMENT DOCKET.
Section 43-2516 - APPEAL PROCEDURE — EXCLUSIVE REMEDY.
Section 43-2517 - ADDITIONAL IMPROVEMENTS.
Section 43-2518 - REASSESSMENT OF BENEFITS.
Section 43-2519 - LIEN OF ASSESSMENT — FORECLOSURE.
Section 43-2520 - SEGREGATION OF ASSESSMENTS.
Section 43-2521 - BONDS — REGISTERED WARRANTS — INTERIM WARRANTS — ELECTION NOT REQUIRED.
Section 43-2522 - LIABILITY OF DISTRICT.
Section 43-2523 - BOND AND INTEREST FUNDS.
Section 43-2524 - REISSUE OF BONDS.
Section 43-2525 - RIGHTS AGAINST ASSESSMENTS.
Section 43-2526 - PUBLICATION AND CONCLUSIVENESS OF PROCEEDINGS.
Section 43-2527 - CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED.
Section 43-2528 - DELINQUENT INSTALLMENTS.
Section 43-2529 - DELINQUENT CERTIFICATES.
Section 43-2530 - DELINQUENT CERTIFICATE REGISTER.
Section 43-2531 - ASSIGNMENT OF DELINQUENT CERTIFICATES.
Section 43-2532 - FORM OF ASSIGNMENT — ASSIGNMENT BY PURCHASER.
Section 43-2535 - NOTICE OF EXPIRATION OF TIME OF REDEMPTION.
Section 43-2536 - PROOF OF NOTICE.
Section 43-2537 - EFFECT OF DEED AS EVIDENCE.
Section 43-2538 - DELINQUENCY CERTIFICATE FOR SUBSEQUENT INSTALLMENTS.
Section 43-2539 - FEES OF TREASURER.
Section 43-2540 - SUIT TO QUIET TITLE.
Section 43-2541 - SALE OF PROPERTY DEEDED TO DISTRICT.
Section 43-2542 - SALE OF PROPERTY AFTER MATURITY OF BONDS.
Section 43-2543 - DISPOSITION OF FUNDS.
Section 43-2544 - DELINQUENT CERTIFICATE NOT ASSIGNABLE DURING PENDENCY OF ACTION.
Section 43-2545 - DUTIES OF OFFICERS.
Section 43-2546 - LOCAL IMPROVEMENT GUARANTEE FUND — CREATION OF FUND.
Section 43-2549 - MAINTENANCE AND OPERATION AND SOURCES OF FUND.
Section 43-2550 - REPLENISHMENT OF FUND — WARRANTS — ISSUANCE AGAINST FUND — TAX LEVY.
Section 43-2551 - BONDS AND WARRANTS — REVENUES FROM WHICH PAYABLE.
Section 43-2552 - BONDS PAYABLE FROM FUND.