2005 Idaho Code - 31-1903 — BUILDING, ROAD, BRIDGE, AIR NAVIGATION AND OPEN-SPACE BONDS

                                  TITLE  31
                           COUNTIES AND COUNTY LAW
                                  CHAPTER 19
                              COUNTY BOND ISSUES
    31-1903.  BUILDING, ROAD, BRIDGE, AIR NAVIGATION AND OPEN-SPACE BONDS.
When the interests of the county require it and the board of commissioners of
the county deem it for the public good to bond the county to fund or refund
the outstanding obligations or indebtedness of the county or bond the county
for the purpose of acquiring funds for purchasing a site and erecting a
courthouse and jail, a public auditorium or a jail thereon, or for the
construction or repair of roads or bridges, or to assist any city or village
in said county in constructing a free bridge over any navigable stream within,
or partly within, or adjoining, the limits of any such city or village, or for
purchasing, improving and equipping air navigation facilities as defined in
chapter 4, title 21, Idaho Code, which facilities may be wholly or partly
within or without the limits of such county, or wholly or partly within or
without the state of Idaho, or for purchasing public open-space land and/or
easements for scenic and recreational purposes, or for any one (1) or more
said purposes, and the indebtedness or liability of the county that may be
created by the bonding, funding or refunding aforesaid, or in purchasing a
site and erecting a courthouse and jail, a public auditorium or a jail
thereon, and for the construction or repair of roads or bridges, or for
assisting any city or village in the construction of any such free bridge as
aforesaid, or for purchasing, improving and equipping air navigation
facilities, or for purchasing public open-space land and/or easements for
scenic and recreational purposes, or for any one (1) or more of said purposes,
exceeds the income or revenue of the county for that year, the board of
commissioners may issue bonds of the county as provided by sections 31-1901
and 31-1902, Idaho Code, and by the "municipal bond law" of the state of
Idaho: provided, that the issuance of such bonds, except funding or refunding
bonds, be first authorized by a vote of two-thirds (2/3) of the qualified
electors of the county, voting at an election held, subject to the provisions
of section 34-106, Idaho Code, for that purpose, as hereinafter provided and
as provided in the "municipal bond law" and, provided, further, that before
the board of county commissioners shall issue any bonds to fund or refund the
indebtedness of the county as in the section provided, they shall deduct from
the legal indebtedness of the county, at the time of the issue of said bonds,
the cash on hand in the county treasury applicable to the discharge of said
indebtedness, and may issue bonds for the remainder of the indebtedness.