67-6224. CONSTRUCTION OF ACT. Nothing in this act or any other law shall be construed as authorizing the association to levy or collect taxes or assessments, to create any indebtedness payable out of taxes or assessments, or in any manner to pledge the credit of the city, the county, the state or any subdivision thereof and the notes, bonds or other obligations of the association shall not be, constitute or become an indebtedness, debt or liability of the state of Idaho, the legislature thereof, or of any county, city, town, township, board of education or school district, or other subdivision of the state, or of any other political subdivision or body corporate and politic of or municipality within the state and neither the state of Idaho, the legislature thereof, or any county, city, town, township, board of education or school district, or other subdivision of the state or any other political subdivision or body corporate and politic or municipality within the state shall be liable thereon nor shall such notes, bonds or obligations of the association constitute the giving, pledging or loaning of the credit of the state of Idaho, the legislature thereof, or of any county, city, town, township, board of education or school district, or other subdivision of the state, or of any other political subdivision or body corporate and politic of or municipality within the state, nor shall they be payable out of any funds other than those of the association; and such notes and bonds shall contain on the face thereof a statement to such effect.
History:
[67-6224, added 1972, ch. 324, sec. 24, p. 789; am. 1974, ch. 104, sec. 33, p. 1210; am. 1996, ch. 253, sec. 29, p. 827.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 62 - IDAHO HOUSING AND FINANCE ASSOCIATION
Section 67-6202 - IDAHO HOUSING AND FINANCE ASSOCIATION CREATED.
Section 67-6203 - COMMISSIONERS — CHAIRMAN — APPOINTMENTS.
Section 67-6204 - VICE-CHAIRMAN, EXECUTIVE DIRECTOR AND OTHER PERSONNEL — APPOINTMENTS — QUORUM.
Section 67-6205 - DEFINITIONS.
Section 67-6206 - POWERS OF ASSOCIATION.
Section 67-6207A - ADDITIONAL POWERS.
Section 67-6207B - MORTGAGE LOANS — RULES — PURCHASE.
Section 67-6207C - HOUSING SPONSORSHIP.
Section 67-6207D - PERIODIC EXAMINATION OF INCOME OF PERSONS RESIDING IN HOUSING PROJECTS.
Section 67-6208 - TAX EXEMPT STATUS.
Section 67-6209 - HOUSING PROJECTS SUBJECTED TO ORDINANCES AND REGULATIONS.
Section 67-6210 - POWER TO ISSUE BONDS.
Section 67-6211 - ADDITIONAL DEFINITIONS AND CAPITAL RESERVE FUND PROCEDURES.
Section 67-6212 - REFUNDING OF OBLIGATIONS.
Section 67-6213 - DEPOSIT OF FUNDS.
Section 67-6214 - RIGHTS OF BONDHOLDER.
Section 67-6215 - RIGHTS NOT TO BE IMPAIRED BY STATE.
Section 67-6215A - REMEDIES OF BONDHOLDERS.
Section 67-6215B - LEGAL INVESTMENTS.
Section 67-6216 - AUTHORITY TO MAKE LOANS.
Section 67-6218 - FEASIBILITY.
Section 67-6219 - TECHNICAL ASSISTANCE.
Section 67-6220 - AUDITS — ANNUAL REPORTS.
Section 67-6221 - CONFLICT OF INTEREST.
Section 67-6222 - EXEMPTION OF REAL PROPERTY OF ASSOCIATION FROM LEVY AND SALE BY EXECUTION.
Section 67-6223A - DONATIONS TO HOUSING AND FINANCE ASSOCIATION.
Section 67-6224 - CONSTRUCTION OF ACT.
Section 67-6224A - LEGISLATIVE CONSTRUCTION.
Section 67-6225 - CONSTITUTIONALITY.