Idaho Statutes
§ 43-2548 — SUBROGATION OF DISTRICT TO RIGHTS OF PAYEE — SURPLUS FUNDS — PAYMENT INTO FUND — PREFERENCES
Idaho § 43-2548
This text of Idaho § 43-2548 (SUBROGATION OF DISTRICT TO RIGHTS OF PAYEE — SURPLUS FUNDS — PAYMENT INTO FUND — PREFERENCES) 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 § 43-2548 (2026).
Text
Whenever there shall be paid out of the local improvement guarantee fund, any sum on account of principal or interest of a local improvement bond or warrant, the district, as trustee for the fund, shall be subrogated to all the rights of the holder of the bond or interest coupon or warrant so paid, and the policies thereof, or the assessment underlying the same, shall become part of the guarantee fund. There shall be paid into the guarantee fund any surplus remaining in any local improvement fund after the payment of all outstanding bonds or warrants, payable out of such local improvement fund. Bonds or warrants guaranteed by such fund shall have no preference except in the order of presentation for payment.
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Legislative History
[43-2548, added 1993, ch. 407, sec. 1, p. 1498.]
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
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Bluebook (online)
Idaho § 43-2548, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/43-2548.