2005 Idaho Code - 43-501 — ISSUANCE AND SALE AUTHORIZED

                                  TITLE  43
                             IRRIGATION DISTRICTS
                                  CHAPTER 5
                       SECONDARY BONDS TO PAY INTEREST
    43-501.  ISSUANCE AND SALE AUTHORIZED. In any irrigation district now
organized or hereafter to be organized, for any portion of the time from the
time said bonds begin to bear interest until five (5) years after the
irrigation works of such district have been completed and water used in the
irrigation of the lands in such district, in lieu of paying the interest on
said bonds by revenues derived from the assessments on the lands in the
district, the board of directors may pay any part of such interest with the
proceeds of the sale of coupon bonds of such district to be issued and sold by
them for said purpose.