70-2111. CONVEYANCE OF TITLE TO LESSEE. At or prior to the time the principal, interest and premium, if any, on any revenue bonds issued hereunder to provide a particular project have been fully paid, the port district may execute such deeds and conveyances as are necessary and required to convey its right, title and interest in such project to any person, provided that if such conveyance is made prior to when the revenue bonds are fully paid, the port district has determined that adequate provision has been made for the payment of the principal, interest and premium, if any, on the bonds as they become due.
History:
[70-2111, added 1981, ch. 228, sec. 1, p. 464.]
Structure Idaho Code
Title 70 - WATERCOURSES AND PORT DISTRICTS
Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT
Section 70-2101 - SHORT TITLE.
Section 70-2102 - DECLARATION OF NECESSITY AND PURPOSE — LIBERAL CONSTRUCTION.
Section 70-2103 - DEFINITIONS.
Section 70-2105 - CONFLICT OF INTEREST.
Section 70-2107 - PUBLICATION OF PROCEEDINGS — CONTEST PERIOD.
Section 70-2108 - SECURITY FOR REVENUE BONDS.
Section 70-2109 - PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND POLITICAL SUBDIVISIONS.
Section 70-2111 - CONVEYANCE OF TITLE TO LESSEE.
Section 70-2112 - POWERS NOT RESTRICTED — LAW COMPLETE IN ITSELF.
Section 70-2113 - INVESTMENT OF FUNDS.
Section 70-2114 - BONDS ELIGIBLE FOR INVESTMENT.
Section 70-2115 - EXEMPTION FROM PUBLIC BUILDINGS CONSTRUCTION AND BIDDING REQUIREMENTS.