2018 Idaho Statutes
Title 40 - HIGHWAYS AND BRIDGES
Chapter 22 - DETACHMENT OF TERRITORY BY PETITION AND ORGANIZATION OF NEW DISTRICT
Section 40-2209 - EFFECT OF DETACHMENT OF TERRITORY — APPORTIONMENT OF INDEBTEDNESS.

Universal Citation: ID Code § 40-2209 (2018)
40-2209. EFFECT OF DETACHMENT OF TERRITORY — APPORTIONMENT OF INDEBTEDNESS. The detachment of territory from the district shall be deemed to relate only to the operations of the district subsequent to the order of detachment. Territory detached and all taxable property in that territory shall be and remain liable for the proportionate share of all bonded, warrant, and other indebtedness incurred by the district prior to the time of detachment. The proportionate share of the indebtedness of the district incurred prior to the order of detachment shall be borne by the detached territory and shall be computed as provided in section 40-1609, Idaho Code.

History:
[(40-2209) 40-2109, added 1994, ch. 331, sec. 1, p. 1062; am. and redesig. 2005, ch. 25, sec. 90, p. 119.]

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.