Idaho § 43-2103 REHABILITATING OR REFINANCING PLANS

Idaho Statutes

§ 43-2103 — REHABILITATING OR REFINANCING PLANS

Idaho § 43-2103

Title 43IRRIGATION DISTRICTS

Ch. 21DEBT READJUSTMENT PLANS FOR IRRIGATION DISTRICTS, DRAINAGE DISTRICTS, AND HIGHWAY DISTRICTS

This text of Idaho § 43-2103 (REHABILITATING OR REFINANCING PLANS) 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 § 43-2103 (2026).

Text

The board of directors shall thereupon formulate a plan for rehabilitating the financial condition of the district and for refinancing or retiring the indebtedness of the district, which plan may include:

(a)The scaling down of any one or more of the various kinds or classes of indebtedness outstanding, whether evidenced by bonds, warrants or otherwise.

(b)Extending the time for the payment thereof.

(c)Reducing the interest thereon.

(d)Whether the same shall be paid in cash or by refunding bonds, or otherwise, and the manner of effecting the exchange or retirement of the outstanding obligations or any of them for the consideration to be paid under such plan.

(e)The time within which the plan must be approved by a majority in amount of the creditors of the district directly affected by

Free access — add to your briefcase to read the full text and ask questions with AI

The board of directors shall thereupon formulate a plan for rehabilitating the financial condition of the district and for refinancing or retiring the indebtedness of the district, which plan may include:
(a) The scaling down of any one or more of the various kinds or classes of indebtedness outstanding, whether evidenced by bonds, warrants or otherwise.
(b) Extending the time for the payment thereof.
(c) Reducing the interest thereon.
(d) Whether the same shall be paid in cash or by refunding bonds, or otherwise, and the manner of effecting the exchange or retirement of the outstanding obligations or any of them for the consideration to be paid under such plan.
(e) The time within which the plan must be approved by a majority in amount of the creditors of the district directly affected by such plan.