ID H0452

Repeals the previous Section 34-439 of Idaho Code and establishes new disclosure requirements for bond elections in taxing districts.

Requires taxing districts proposing bonded indebtedness elections to provide a brief official statement in simple language including the bond purpose, facility/project description, election date, and principal amount.

Mandates disclosure of the anticipated interest rate based on current market rates and any specified maximum interest rate on proposed bonds.

Requires the official statement to show the total amount to be repaid over the bond's life, broken into three components: total principal, total interest, and the sum of both, along with the repayment timeframe in months or years.

Mandates inclusion of the taxing district's total existing indebtedness including accrued interest, and requires the official statement to be made part of the ballot and included in the official notice of election.