2005 Idaho Code - 50-236 — CAPITAL IMPROVEMENT FUND LEVY -- LIMITATIONS

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 2
                       GENERAL PROVISIONS -- GOVERNMENT
                                 -- TERRITORY
    50-236.  CAPITAL IMPROVEMENT FUND LEVY -- LIMITATIONS. Cities are hereby
empowered to establish a "Capital Improvements Fund", by ordinance, and levy a
special tax not to exceed in the aggregate four-hundredths per cent (.04%) of
market value for assessment purposes in any one (1) year. Said fund shall
never exceed in the aggregate four-tenths per cent (.4%) of the market value
for assessment purposes of the city. Such funds shall not be subject to the
provisions of section 50-1014, Idaho Code. Said ordinance shall identify the
specific purpose for which the capital improvements fund shall be used.