There is a newer version
of
this Section
2017 Idaho Statutes
Title 57 - PUBLIC FUNDS IN GENERAL
Chapter 5 - ISSUANCE OF REFUNDING BONDS
Section 57-502 - DEPOSIT OF PROCEEDS OF REFUNDING BONDS — LIMITATIONS ON USE.
Universal Citation: ID Code § 57-502 (2017)
57-502. Deposit of proceeds of refunding bonds — Limitations on use. When such refunding bonds are so sold the money received therefor, if state bonds, shall be deposited with the state treasury, or if the bonds of any county, school district, city, village, highway district, good roads district, irrigation district or drainage district, with the treasurer of such county, school district, city, village, highway district, good roads district, irrigation district or drainage district, such money so received shall become a special fund, and shall not be used for any purpose other than the payment and retirement of the outstanding bond issue so refunded; provided, that any balance left over after said bond issue is entirely retired, paid and canceled, may be transferred to the bond interest and sinking fund of the state, county, school district, city, village, highway district, good roads district, irrigation district or drainage district.
History:
[(57-502) 1931, ch. 190, sec. 2, p. 328; I.C.A., sec. 55-502.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
