2005 Idaho Code - 42-4114 — DISTRICT NOT LIABLE ON BONDS

                                  TITLE  42
                       IRRIGATION AND DRAINAGE -- WATER
                            RIGHTS AND RECLAMATION
                                  CHAPTER 41
                    WATER AND SEWER DISTRICT REVENUE BONDS
    42-4114.  DISTRICT NOT LIABLE ON BONDS. Bonds issued pursuant to the water
and sewer district revenue bond act shall not be a debt of the district and
the district shall not be liable thereon, nor shall they be payable out of any
funds other than the revenue pledged to the payment thereof. Each bond issued
under the water and sewer district revenue bond act shall recite, in
substance, that said bond, including interest thereon, is payable solely from
the revenue pledged to the payment thereof. Bonds may be issued under the
water and sewer district revenue bond act notwithstanding and without regard
to any limitation or restriction on the amount or percentage of indebtedness,
or of outstanding obligations of a district.