2005 Idaho Code - 42-5239 — LENDING INSTITUTIONS -- RIGHT TO COMPEL ASSESSMENTS -- ALTERNATIVE REMEDY

                                  TITLE  42
                       IRRIGATION AND DRAINAGE -- WATER
                            RIGHTS AND RECLAMATION
                                  CHAPTER 52
                            GROUND WATER DISTRICTS
    42-5239.  LENDING INSTITUTIONS -- RIGHT TO COMPEL ASSESSMENTS --
ALTERNATIVE REMEDY. If in any year the board of directors fails to levy
assessments for the repayment of indebtedness in amounts sufficient to meet a
payment or payments falling due, the lender may bring an action in the
district court of any county in which the district is situated to compel the
board to levy assessments in amounts sufficient to insure the payment thereof.
In the event that the annual assessment to meet a payment or payments falling
due will be unreasonably high, the district court may, in the alternative,
enter an order requiring that moneys received by the district in payment of
assessments for all purposes be first expended for the repayment of that
portion of the indebtedness falling due.