2005 Idaho Code - 43-606 — PAYMENT -- APPORTIONMENT OF BENEFITS

                                  TITLE  43
                             IRRIGATION DISTRICTS
                                  CHAPTER 6
                               REFUNDING BONDS
    43-606.  PAYMENT -- APPORTIONMENT OF BENEFITS. Whenever the electors shall
have authorized an issue of refunding bonds as herein provided, the board of
directors shall, as soon thereafter as practicable and before the issuance or
sale of any such refunding bonds, determine the benefits which will accrue to
each of the several tracts or subdivisions of land within such irrigation
district from the issuance of such refunding bonds; and the amount of such
refunding bond issue shall be apportioned or distributed over such tracts or
subdivisions of land in proportion to such benefits; and the amount so
apportioned or distributed to each of said tracts or subdivisions shall be and
remain the basis for levying all taxes for the payment of the principal and
interest of such refunding bonds. The board of directors shall make, or cause
to be made, a list of such apportionment or distribution of benefits, which
list shall contain a complete description of each tract or subdivision of land
within such district, with the amount and rate per acre of such apportionment
or distribution of benefits, and the name of the owner thereof, if known; or
the same may be shown on the map of the district with the rate per acre of
such apportionment entered or designated thereon: provided, that where all
lands on any map or sections of a map are assessed at the same rate a general
statement to that effect shall be sufficient. Said list or map shall be made
in duplicate, and one (1) copy shall be filed in the office of the department
of water resources and one (1) copy shall remain in the office of the board of
directors for public inspection. Whenever thereafter any assessment is made or
tax levied for the payment of interest or principal of such refunding bonds,
it shall be spread upon the lands in the same proportion as the assessment of
benefits, and the whole amount of the assessment of benefits shall equal the
amount of such refunding bonds.