Idaho § 50-1772 COMMERCIALLY REASONABLE CREDIT ASSURANCES

Idaho Statutes

§ 50-1772 — COMMERCIALLY REASONABLE CREDIT ASSURANCES

Idaho § 50-1772

Title 50MUNICIPAL CORPORATIONS

Ch. 17LOCAL IMPROVEMENT DISTRICT CODE — GUARANTEE FUND

This text of Idaho § 50-1772 (COMMERCIALLY REASONABLE CREDIT ASSURANCES) 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 § 50-1772 (2026).

Text

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.