67-6421. STATE GRANTS AND LEASES TO AUTHORITY. The state may make grants of money or property and may lease property to the authority for the purpose of enabling it to carry out its corporate purposes and for the exercise of its powers, including, but not limited to, deposits to the reserve funds of the authority. Notwithstanding any other provision of law to the contrary, the state may lease, with or without consideration, real or personal property to the authority for a term not to exceed fifty (50) years. This section shall not be construed to limit any other power the state may have to make such grants or to lease property to the authority, or to enter into other transactions with the authority.
History:
[67-6421, added 1974, ch. 111, sec. 21, p. 1263; am. 2001, ch. 34, sec. 2, p. 54.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 64 - IDAHO STATE BUILDING AUTHORITY ACT
Section 67-6401 - SHORT TITLE.
Section 67-6402 - DEFINITIONS.
Section 67-6403 - CREATION OF AUTHORITY.
Section 67-6404 - DECLARATION OF POLICY.
Section 67-6405 - APPOINTMENT AND REMOVAL OF COMMISSIONERS.
Section 67-6406 - EXECUTIVE DIRECTOR.
Section 67-6407 - CONFLICT OF INTEREST.
Section 67-6408 - NO FORFEITURE OF OFFICE.
Section 67-6409 - GENERAL POWERS OF THE AUTHORITY.
Section 67-6410 - PROCEDURE PRIOR TO FINANCING BUILDING DEVELOPMENTS OR BUILDING PROJECTS.
Section 67-6411 - COOPERATION WITH MUNICIPALITIES, STATE BODIES OR COMMUNITY COLLEGE DISTRICTS.
Section 67-6412 - EXEMPTION FROM TAXATION.
Section 67-6413 - ANNUAL REPORT.
Section 67-6414 - BONDING PROVISIONS.
Section 67-6415 - REFUNDING OBLIGATIONS — ISSUANCE.
Section 67-6416 - REFUNDING OBLIGATIONS — USE OF PROCEEDS.
Section 67-6417 - DEPOSIT OF AUTHORITY MONEYS.
Section 67-6418 - CONTRACT OF THE STATE.
Section 67-6419 - LIMITATION OF LIABILITY ON AUTHORITY OBLIGATIONS.
Section 67-6420 - REMEDIES OF BOND AND NOTE HOLDERS.
Section 67-6421 - STATE GRANTS AND LEASES TO AUTHORITY.
Section 67-6422 - AUTHORITY OBLIGATIONS ARE LEGAL INVESTMENTS.