2005 Idaho Code - 70-1720 — GENERAL OBLIGATION BONDS -- REFUNDING

                                  TITLE  70
                       WATERCOURSES AND PORT DISTRICTS
                                  CHAPTER 17
                 PORT DISTRICTS -- BUDGET AND FISCAL MATTERS
    70-1720.  GENERAL OBLIGATION BONDS -- REFUNDING. The port commission of
any port district may by resolution, without submitting the proposition to the
voters, provide for the issuance of general obligation refunding bonds, to
refund any outstanding general obligation bonds of the district at or prior to
maturity or the first optional redemption date. Such refunding bonds may be
issued to refund parts or all of various issues or series of outstanding
bonds. The principal amount of the refunding bonds may not exceed the
principal amount of the bonds to be refunded. The provisions of this act
relating to the form, terms, conditions, covenants, issuance and sale of
general obligation bonds shall be applicable to such general obligation
refunding bonds.