2005 Idaho Code - 67-4917 — SINKING FUND

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 49
                             AUDITORIUM DISTRICTS
    67-4917.  SINKING FUND. Whenever any indebtedness has been incurred by a
district authorized to levy and collect ad valorem taxes, it shall be lawful
for the board to levy taxes and collect revenue for the purpose of creating a
reserve fund in such amount as the board may determine, which may be used to
meet the obligations of the district, for maintenance and operating charges
and depreciation, and provide extensions of and betterments to the
improvements of the district.