Idaho § 50-1772 COMMERCIALLY REASONABLE CREDIT ASSURANCES

Idaho Statutes

§ 50-1772 — COMMERCIALLY REASONABLE CREDIT ASSURANCES

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

If requested by the petitioners for a local improvement district, and in addition to or in lieu of a reserve or guarantee requirement, the council or other governing body of a governmental entity may impose such commercially reasonable credit assurances as it may deem necessary as a condition of approving a local improvement district. If commercially reasonable, such assurances may include guarantees, letters of credit or bonds in amounts up to the total amount of indebtedness.

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If requested by the petitioners for a local improvement district, and in addition to or in lieu of a reserve or guarantee requirement, the council or other governing body of a governmental entity may impose such commercially reasonable credit assurances as it may deem necessary as a condition of approving a local improvement district. If commercially reasonable, such assurances may include guarantees, letters of credit or bonds in amounts up to the total amount of indebtedness.

Idaho § 50-1772 (COMMERCIALLY REASONABLE CREDIT ASSURANCES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.