Idaho § 50-1768 BONDS PAYABLE FROM FUND

Idaho Statutes

§ 50-1768 — BONDS PAYABLE FROM FUND

Idaho § 50-1768

Title 50MUNICIPAL CORPORATIONS

Ch. 17LOCAL IMPROVEMENT DISTRICT CODE — GUARANTEE FUND

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Bluebook

Idaho Code § 50-1768 (2026).

Text

Whenever a municipality has created a "Local Improvement Guarantee Fund," under the provisions of any local improvement district bonds issued thereafter shall provide that the principal sum of such funds and the interest thereon shall be payable out of the local improvement fund created for the payment of cost and expenses of the improvement or out of any "Local Improvement Guarantee Fund," duly authorized and created, and not otherwise.

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Whenever a municipality has created a "Local Improvement Guarantee Fund," under the provisions of any local improvement district bonds issued thereafter shall provide that the principal sum of such funds and the interest thereon shall be payable out of the local improvement fund created for the payment of cost and expenses of the improvement or out of any "Local Improvement Guarantee Fund," duly authorized and created, and not otherwise.