Idaho § 63-3201 BORROWING OF MONEY IN ANTICIPATION OF INCOME OR REVENUE — LIMIT OF BORROWING — ISSUANCE OF NOTES

Idaho Statutes

§ 63-3201 — BORROWING OF MONEY IN ANTICIPATION OF INCOME OR REVENUE — LIMIT OF BORROWING — ISSUANCE OF NOTES

Idaho § 63-3201

Title 63REVENUE AND TAXATION

Ch. 32ANTICIPATION OF REVENUE BY STATE

This text of Idaho § 63-3201 (BORROWING OF MONEY IN ANTICIPATION OF INCOME OR REVENUE — LIMIT OF BORROWING — ISSUANCE OF NOTES) 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 § 63-3201 (2026).

Text

The state treasurer, on approval of the state board of examiners, is hereby authorized and directed to borrow money from time to time for the state of Idaho, in anticipation of income or revenue from taxes, whether such taxes are specific, ad valorem, excise, income, franchise or license, for the current fiscal year, or that portion of such taxes not collected or previously anticipated at the time of borrowing, in a principal sum not greater than seventy-five per cent (75%) of income or revenue from such taxes which the state tax commission or any other tax collection agency certifies to the state treasurer are to be reasonably anticipated to be collected during the current fiscal year. the provision of section 67-1212, Idaho Code, shall not limit the authority of the state treasurer to is

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The state treasurer, on approval of the state board of examiners, is hereby authorized and directed to borrow money from time to time for the state of Idaho, in anticipation of income or revenue from taxes, whether such taxes are specific, ad valorem, excise, income, franchise or license, for the current fiscal year, or that portion of such taxes not collected or previously anticipated at the time of borrowing, in a principal sum not greater than seventy-five per cent (75%) of income or revenue from such taxes which the state tax commission or any other tax collection agency certifies to the state treasurer are to be reasonably anticipated to be collected during the current fiscal year. the provision of section 67-1212, Idaho Code, shall not limit the authority of the state treasurer to issue and sell tax anticipation notes under the authority of this chapter. Said loan shall be evidenced by the issuance and sale of tax anticipation notes of the state of Idaho, for fixed periods, not greater than twelve (12) months or the end of the current fiscal year, whichever is shorter.