ID H0099

Amends Idaho Code Section 50-2007 to require approval by two-thirds (2/3) of qualified county electors in an election before any debt lasting more than one (1) fiscal year can be incurred, including bonds and other liabilities or obligations.

Amends Idaho Code Section 50-2012 to add a requirement for a countywide election by qualified electors to approve and authorize the issuance of bonds or similar obligations before they can be issued, with approval requiring a two-thirds (2/3) majority of those voting.

Exempts urban renewal bonds and interest thereon from all taxes and declares them issued for essential public and governmental purposes.

Clarifies that urban renewal agency bonds do not constitute municipal, state, or political subdivision debt and are payable only from agency funds.

Makes technical corrections to bonding provisions regarding authorization, issuance procedures, sale requirements, and validity standards for bonds issued under the urban renewal law.