There is a newer version of this Section
2020 Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 27 - MUNICIPAL INDUSTRIAL DEVELOPMENT PROGRAM
Section 50-2715 - SUBLEASES AND ASSIGNMENT.
Universal Citation: ID Code § 50-2715 (2020)
50-2715. SUBLEASES AND ASSIGNMENT. A lessee or contracting party under a sale contract or loan agreement shall not be required to be the eventual user of an industrial development facility if any sublessee or assignee assumes all of the obligations of the lessee or contracting party under the lease, sale contract, or loan agreement, but the lessee or contracting party or their successors shall remain primarily liable for all of its obligations under the lease, sale contract or loan agreement and the use of the industrial development facility shall be consistent with the purposes of this chapter.
[50-2715, added 1982, ch. 119, sec. 1, p. 335.]
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.