Welcome


Law should be interactive.

Rabbit Crowd Library is an experiment in enabling people to interact with the law directly without bias.

Give law accountability. Use - , and to comment and respond to text you agree and disagree with.

0
0
0
Idaho |
50-1035a Issuance Of Revenue Bonds At Rates Of Interest In Excess Of Original Specification.

50-1035A. Issuance of revenue bonds at rates of interest in excess of original specification. Any city may issue revenue bonds of the city bearing interest at such rate or rates as shall be prescribed by ordinance if:

(a) The principal amount of such revenue bonds does not exceed the then unissued balance of the principal amount of revenue bonds of the same type authorized at an election heretofore held in the city;

(b) The revenue bonds are issued for the same purpose as that for which the unissued bonds were authorized; and

(c) The bonds are issued in accordance with the provisions of the revenue bond act; provided, that an election shall have been held and conducted in the manner provided in section 50-1035, Idaho Code, on the proposition of issuing revenue bonds under the provisions of this section at a rate or rates of interest in excess of the maximum rate of interest specified in the notice of election at which the unissued bonds were authorized and the proposition shall have been approved by the same percentage of the qualified electors of the city voting at the election as was required in section 50-1035, Idaho Code, at the election at which the unissued bonds were authorized.

[50-1035A, added 1981, ch. 300, sec. 3, p. 622.]

Share this law:
Facebook Twitter LinkedIn Pinterest Reddit
Local Government
Idaho
0
0
0
C.L. "Butch" Otter
Butch Otter
January 1, 2007 -
Republican
208-332-0102
999 Main St., Suite 910, Boise, ID, 83702

Keywords
bonds
revenue
rate
election
unissued
authorized
issue
bond
rates
issued