Idaho Statutes
§ 43-1919 — DISTRICT NOT LIABLE ON BONDS
Bonds issued pursuant to the irrigation district domestic water system revenue bond act shall not be a debt of the district and the district shall not be liable thereon, nor shall they be payable out of any funds other than the revenue pledged to the payment thereof. Each bond issued under the irrigation district domestic water system revenue bond act shall recite, in substance, that the bond, including interest thereon, is payable solely from the revenue pledged to the payment thereof. Bonds may be issued under the irrigation district domestic water system revenue bond act notwithstanding and without regard to any limitation or restriction on the amount or percentage of indebtedness, or of outstanding obligations of a district.
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Idaho § 43-1919 (DISTRICT NOT LIABLE ON BONDS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[43-1919, added 1988, ch. 299, sec. 14, p. 951.]
Nearby Sections
15
§ 43-1001
PETITION FOR ANNEXATION OF LAND§ 43-1003
NOTICE OF PETITION§ 43-1004
HEARING OF PETITION§ 43-1005
ASSESSMENTS AGAINST PETITIONERS§ 43-1008
ELECTION TO DETERMINE CHANGE§ 43-1009
ORDER CHANGING BOUNDARIES§ 43-101
WHO MAY PROPOSE ORGANIZATION§ 43-1010
ORDER TO BE RECORDED§ 43-102
PETITION FOR ORGANIZATION§ 43-103
MAPS AND WATER SUPPLY DATA§ 43-104
BOND