2014 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 41 - SPECIAL DISTRICT DISSOLUTION ACT
Section 63-4106 - PROVISION FOR PAYMENT OF INDEBTEDNESS UPON DISSOLUTION -- SPECIAL TAX LEVY FOR PAYMENT OF DISTRICT INDEBTEDNESS.
At the next regular annual meeting of the board of commissioners of the county or counties in which the dissolved district is located at which levies for state and county purposes are fixed, and each year thereafter until all indebtedness of such district shall have been fully paid, such board shall, in addition to all other tax levies, levy a special tax upon all of the property situated within the former boundaries of such dissolved district, sufficient to raise by taxation funds for the payment of current and accruing terms and conditions of outstanding bonds of such district; and shall each year thereafter continue such levy, or make such other or additional levies as may be required, to fully pay and retire the indebtedness of such district according to the terms and conditions thereof; and such taxes must be collected as are other county taxes and shall be turned over to the treasurer of the county which contains the greatest portion of the preceding calendar year's valuation of the district who must redeem or post for redemption all warrants and bonds as the same mature and in order of their line, and for which the treasurer has funds arising from such district for the payment of same.
History:
[63-4106, added 1987, ch. 87, sec. 1, p. 167.]
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