2005 Idaho Code - 50-2619 — DISESTABLISHMENT OF DISTRICT -- ASSETS AND LIABILITIES

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 26
                        BUSINESS IMPROVEMENT DISTRICTS
    50-2619.  DISESTABLISHMENT OF DISTRICT -- ASSETS AND LIABILITIES. Upon
disestablishment of a district, any proceeds of the special assessments, or
assets acquired with such proceeds, or liabilities incurred as a result of the
formation of such district, shall be subject to disposition as the legislative
authority shall determine; provided, however, any liabilities, either current
or future, incurred as a result of action taken to accomplish the purposes of
section 50-2601, Idaho Code, shall not be an obligation of the general fund or
any special fund of the city, but such liabilities shall be provided for
entirely from available revenue generated from the projects or facilities
authorized by section 50-2601, Idaho Code, or from special assessments on the
property specially benefited within the district.