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ID H0547
Bill
Status
2/15/2012
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
House Bill No. 547 Summary
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Political subdivisions must hold elections on any proposal to bond or obligate, using a separate ballot on dates specified in section 34-106, Idaho Code, with voting limited to residents within the subdivision.
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Elections may be bypassed if an economic development project will begin within six months; in such cases, the political subdivision may proceed under judicial examination procedures.
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Petitions for judicial examination must include a cost/benefit analysis showing the impact on current assessment levels and tax rates, and must be authorized by the governing body after a public hearing with at least 14 days' notice to interested parties.
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Courts reviewing petitions must determine whether the political subdivision has demonstrated compelling reasons exist for the proposed bond, obligation, or agreement before approving relief.
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Courts must maintain statistical records tracking the number of petitions filed, identifying entities filing them, amounts requested, and amounts approved by the court.
Legislative Description
Adds to and amends existing law relating to judicial confirmation to provide for elections relating to proposals to bond or obligate; to provide an exception; to provide that petitions shall include a cost/benefit analysis relating to a proposed expenditure that shall include an analysis of the impact said expenditure would have on current levels of assessment and tax rates; and to provide that in making findings relating to a judicial examination and determination a court shall determine whether a political subdivision has shown the court that compelling reasons exist for a proposed bond, obligation or agreement.
JUDICIAL CONFIRMATION
Last Action
to St Aff
2/16/2012