2010 Idaho Code
TITLE 67 STATE GOVERNMENT AND STATE AFFAIRS
CHAPTER 87 IDAHO BOND BANK AUTHORITY
67-8729 IDAHO BOND BANK ADMINISTRATIVE FUND.
STATE GOVERNMENT AND STATE AFFAIRS
CHAPTER 87
IDAHO BOND BANK AUTHORITY
67-8729. Idaho bond bank administrative fund. (1) There is hereby created in the state treasury the "Idaho Bond Bank Administrative Fund" to which shall be credited:
(a) Fees collected from municipalities or other potential sellers of municipal bonds in connection with application for and receipt of financing under this chapter, and interest and other charges on or in connection with municipal bonds purchased as it may deem necessary or appropriate to cover all costs and expenses of the authority and its operations;
(b) Fees and charges collected to cover costs associated with the powers and duties of the authority as required in section 67-8705, Idaho Code;
(c) Interest earned on the investment of idle moneys in the fund, which shall be paid to the fund; and
(d) All other moneys as may be provided by law.
(2) Moneys in the fund shall be continuously appropriated to the treasurer of the state of Idaho, and any moneys remaining in the fund at the end of each fiscal year shall not be appropriated to any other fund.
(3) Moneys in the fund shall only be used to effect the purposes of chapter 87, title 67, Idaho Code, pursuant to the provisions as prescribed therein; provided however, the Idaho bond bank administrative fund is authorized to retain a portion of the moneys not to exceed one-half of one percent (0.5%) of the fund’s annual revenues to defray costs associated with the implementation, administration and oversight of the Idaho bond bank authority.
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