Idaho § 33-1120 DISPOSITION OF MONEY REMAINING AFTER REDEMPTION

Idaho Statutes

§ 33-1120 — DISPOSITION OF MONEY REMAINING AFTER REDEMPTION

Idaho § 33-1120

Title 33EDUCATION

Ch. 11SCHOOL BONDS

This text of Idaho § 33-1120 (DISPOSITION OF MONEY REMAINING AFTER REDEMPTION) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 33-1120 (2026).

Text

Any money remaining in the bond interest and redemption fund of any school district after all of any issue of school bonds and all interest thereon have been paid, redeemed and canceled shall be held to apply against the redemption of any other bonds issued by the district or, such money may be credited to the school plant facilities reserve fund; if the district has not established such fund, such money may be transferred to the credit of the general fund of the district. Any transfer or credit authorized by this section shall be upon resolution of the board of trustees.

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Any money remaining in the bond interest and redemption fund of any school district after all of any issue of school bonds and all interest thereon have been paid, redeemed and canceled shall be held to apply against the redemption of any other bonds issued by the district or, such money may be credited to the school plant facilities reserve fund; if the district has not established such fund, such money may be transferred to the credit of the general fund of the district. Any transfer or credit authorized by this section shall be upon resolution of the board of trustees.