2005 Idaho Code - 39-1333 — LEVY AND COLLECTION OF TAXES -- INITIAL FINANCING

                                  TITLE  39
                              HEALTH AND SAFETY
                                  CHAPTER 13
                       HOSPITAL LICENSES AND INSPECTION
    39-1333.  LEVY AND COLLECTION OF TAXES -- INITIAL FINANCING. To levy and
collect taxes, as herein provided, the board shall, in each year, determine
the amount of money necessary to be raised by taxation, taking into
consideration other sources of revenue of the district, and shall fix a rate
of levy, which when levied upon every dollar of assessed valuation of taxable
property within the district, and with other revenues, will raise the amount
required by the district annually to supply funds to pay for expenses of
organization, purchase of necessary equipment, operation, maintenance and
upkeep of the works and equipment of the district, provided, however, that
said levy shall not exceed six hundredths percent (.06%) of market value for
assessment purposes of all taxable property within the district for the
purposes hereinbefore set forth, and provided further, that no levy shall be
made in excess of four hundredths percent (.04%) of market value for
assessment purposes for the purposes set forth in this section, unless the
board of trustees of the district shall grant a public hearing, after notice
of the time, place and purpose of said hearing has been published in a
newspaper of general circulation in the district. Provided, that in the first
year after organization, the board of a district may, for the purpose of
organization, to finance general preliminary expenses of the district or for
any other purpose of the hospital district law, and before making a tax levy,
incur an indebtedness not exceeding in the aggregate a sum equal to three
tenths percent (.3%) of market value for assessment purposes of all real and
personal property within the district. To repay any such organizational
indebtedness incurred, on or after March 21, 1985, the board shall have
authority to levy and collect an additional tax not to exceed one tenth
percent (.1%) of market value for assessment purposes of all taxable property
within the district. Such additional levy shall not be used for any purpose
other than repayment of the organizational indebtedness and interest thereon.
Such additional levy may be imposed until the organizational indebtedness and
interest thereon is paid in full.