House Bill 626 Summary

• Amends Idaho Code Section 34-439 to revise disclosure requirements for official statements in elections authorizing bonded indebtedness by taxing districts.

• Requires official statements to include the bond purpose, facility/project description, election date, principal amount, anticipated interest rate, total repayment amount (principal plus interest), and bond payment duration in months or years.

• Changes the estimated average annual cost format to read "A tax of $ per $100,000 of taxable assessed value, per year, based on current conditions" and provides a specific calculation formula: ((Bond Total/Taxable Value) x 100,000)/Duration.

• Adds requirement for disclosure of the taxing district's total existing indebtedness, including accrued interest.

• Requires the official statement to appear on the ballot prior to the voting location and be included in the official notice of election.