Idaho § 50-1728 CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED

Idaho Statutes

§ 50-1728 — CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED

Idaho·Title 50 MUNICIPAL CORPORATIONS·Ch. 17 LOCAL IMPROVEMENT DISTRICT CODE — GUARANTEE FUND

Solely for the purpose of issuing bonds, registered warrants, or interim warrants, the governing body of any municipality may authorize the establishment of consolidated local improvement districts. The original local improvement districts so consolidated need not be contiguous. If the council orders the creation of such consolidated local improvement districts, the moneys received from the installment payment of the principal of and interest on assessments levied within the original local improvement districts shall be deposited in a consolidated local improvement district bond fund and interest fund to be used to pay the principal of and interest on the outstanding consolidated local improvement district bonds or warrants.

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Solely for the purpose of issuing bonds, registered warrants, or interim warrants, the governing body of any municipality may authorize the establishment of consolidated local improvement districts. The original local improvement districts so consolidated need not be contiguous. If the council orders the creation of such consolidated local improvement districts, the moneys received from the installment payment of the principal of and interest on assessments levied within the original local improvement districts shall be deposited in a consolidated local improvement district bond fund and interest fund to be used to pay the principal of and interest on the outstanding consolidated local improvement district bonds or warrants.

Idaho § 50-1728 (CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.