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ID S1147
Bill
Status
3/20/2015
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Increases municipal bond issuance limit from 2% to 10% of the assessed full cash valuation of real and personal property in the city.
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Authorizes cities to issue bonds for fire and police department establishment, including purchase of building sites, buildings, and equipment necessary for fire and police protection.
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Clarifies language in Idaho Code Section 50-1019 to specify that bond purposes are listed "in this section as follows" rather than referencing subsections 1 through 10.
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Excludes bonds issued prior to April 12, 1967 for storm sewers or sanitary sewerage systems from debt limitation calculations.
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Declares an emergency, making the act effective immediately upon passage and approval.
Legislative Description
Amends existing law to authorize the issuance of certain bonds to provide for the protection of public safety by the establishment of fire and police departments and by the purchase of building sites, buildings and equipment and apparatus necessary to provide police protection.
MUNICIPAL CORPORATIONS
Last Action
Read First Time, Referred to Ways & Means
3/23/2015