2005 Idaho Code - 39-1356 — EQUALIZATION OF LEVY BETWEEN CONSOLIDATING HOSPITALS

                                  TITLE  39
                              HEALTH AND SAFETY
                                  CHAPTER 13
                       HOSPITAL LICENSES AND INSPECTION
    39-1356.  EQUALIZATION OF LEVY BETWEEN CONSOLIDATING HOSPITALS. (1) When
two (2) districts' hospitals or medical clinics have agreed to consolidate,
the tax levies of the two (2) hospitals will be equalized in the following
manner: the certified budget figures from ad valorem taxes of the district
will be added together. The resulting figure will provide the base budget
amount for the new consolidated district. In any such consolidation, the
existing bonded debt of any district or districts shall not become the
obligation of the proposed consolidated hospital district. The debt shall
remain an obligation of the property which incurred the indebtedness.