Idaho § 50-2715 SUBLEASES AND ASSIGNMENT

Idaho Statutes

§ 50-2715 — SUBLEASES AND ASSIGNMENT

Idaho § 50-2715

Title 50MUNICIPAL CORPORATIONS

Ch. 27MUNICIPAL INDUSTRIAL DEVELOPMENT PROGRAM

This text of Idaho § 50-2715 (SUBLEASES AND ASSIGNMENT) 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 § 50-2715 (2026).

Text

A lessee or contracting party under a sale contract or loan agreement shall not be required to be the eventual user of an industrial development facility if any sublessee or assignee assumes all of the obligations of the lessee or contracting party under the lease, sale contract, or loan agreement, but the lessee or contracting party or their successors shall remain primarily liable for all of its obligations under the lease, sale contract or loan agreement and the use of the industrial development facility shall be consistent with the purposes of this chapter.

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A lessee or contracting party under a sale contract or loan agreement shall not be required to be the eventual user of an industrial development facility if any sublessee or assignee assumes all of the obligations of the lessee or contracting party under the lease, sale contract, or loan agreement, but the lessee or contracting party or their successors shall remain primarily liable for all of its obligations under the lease, sale contract or loan agreement and the use of the industrial development facility shall be consistent with the purposes of this chapter.