50-2619. DISESTABLISHMENT OF DISTRICT — ASSETS AND LIABILITIES. Upon disestablishment of a district, any proceeds of the special assessments, or assets acquired with such proceeds, or liabilities incurred as a result of the formation of such district, shall be subject to disposition as the legislative authority shall determine; provided, however, any liabilities, either current or future, incurred as a result of action taken to accomplish the purposes of section 50-2601, Idaho Code, shall not be an obligation of the general fund or any special fund of the city, but such liabilities shall be provided for entirely from available revenue generated from the projects or facilities authorized by section 50-2601, Idaho Code, or from special assessments on the property specially benefited within the district.
History:
[50-2619, added 1980, ch. 192, sec. 1, p. 427.]
Structure Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 26 - BUSINESS IMPROVEMENT DISTRICTS
Section 50-2601 - AUTHORIZATION — PURPOSES — SPECIAL ASSESSMENTS.
Section 50-2602 - DEFINITIONS.
Section 50-2603 - INITIATION PETITION — CONTENTS.
Section 50-2604 - RESOLUTION OF INTENTION TO ESTABLISH — CONTENTS — HEARING.
Section 50-2605 - NOTICE OF HEARING.
Section 50-2607 - CHANGE OF BOUNDARIES.
Section 50-2608 - SPECIAL ASSESSMENTS — CLASSIFICATION OF BUSINESSES.
Section 50-2610 - ORDINANCE TO ESTABLISH — ADOPTION — CONTENTS.
Section 50-2611 - USE OF REVENUE — CONTRACTS TO ADMINISTER OPERATION OF DISTRICT.
Section 50-2612 - USE OF ASSESSMENT PROCEEDS RESTRICTED.
Section 50-2613 - COLLECTION OF ASSESSMENTS.
Section 50-2614 - CHANGES IN ASSESSMENT RATES.
Section 50-2615 - BENEFIT ZONES — AUTHORIZED — RATES.
Section 50-2617 - EXEMPTION PERIOD FOR NEW BUSINESSES.
Section 50-2618 - DISESTABLISHMENT OF DISTRICT — HEARING.
Section 50-2619 - DISESTABLISHMENT OF DISTRICT — ASSETS AND LIABILITIES.
Section 50-2620 - BIDS REQUIRED — MONETARY AMOUNT.
Section 50-2621 - COMPUTING COST OF IMPROVEMENT FOR BID REQUIREMENT.
Section 50-2623 - DISCLOSURE REQUIREMENT PRIOR TO LEASE OR SALE OF PROPERTY.
Section 50-2624 - NOTIFICATION IN THE EVENT OF LEASE OR SALE.