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ID H0129
Bill
Status
3/12/2013
Primary Sponsor
Resources and Conservation Committee
Click for details
AI Summary
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Amends Section 43-712, Idaho Code to revise the interest rate on delinquent irrigation district assessments from eight percent (8%) per annum to one percent (1%) per month.
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Changes the interest calculation period terminology from "per annum" to "per month" while maintaining the timeframe from date of delinquency entry until paid.
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Makes a technical correction to standardize language in the statute regarding delinquent assessment redemption procedures for irrigation districts.
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Applies to property redemptions made within three (3) years of delinquency entry and thereafter until an assessment deed is issued by the treasurer.
Legislative Description
Amends existing law relating to irrigation districts to revise the interest rate on delinquent assessments relating to the redemption of lands.
IRRIGATION DISTRICTS
Last Action
Reported Signed by Governor on March 12, 2013 Session Law Chapter 61 Effective: 07/01/13
3/12/2013