There is a newer version
of
this Section
2018 Idaho Statutes
Title 70 - WATERCOURSES AND PORT DISTRICTS
Chapter 17 - PORT DISTRICTS — BUDGET AND FISCAL MATTERS
Section 70-1711 - PORT FUNDS — INVESTMENTS.
Universal Citation: ID Code § 70-1711 (2018)
70-1711. PORT FUNDS — INVESTMENTS. The port commission shall have the authority to direct the port treasurer to invest the moneys in any sinking funds or any capital acquisition or improvement funds of the district, as well as any other funds which the commission shall determine to be in excess of its current cash requirements, for the operation and maintanance [maintenance] of the district, in negotiable, general obligation bonds or other evidence of indebtedness of the United States or of this state or any municipal corporation or political subdivision thereof, or in time certificates of deposit from any banking institution of this state, chartered under the laws of the United States of America or of this state, or as provided in section 70-1802[, Idaho Code]. Such investments shall be in lieu of depositing said moneys in the designated depositories as provided by the public depository law. The port treasurer shall likewise reduce such bonds, evidence of indebtedness or certificates of deposit to cash, or substitute other of such securities therefor, as when said port commission may direct.
History:
[70-1711, added 1969, ch. 55, sec. 89, p. 144.]
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.
