House Bill 241 Summary

• Adds Chapter 10 to Title 22, Idaho Code, establishing the "County Fair District Act" to authorize creation, governance, and operation of county fair districts as taxing entities.

• Allows districts to be created by petition signed by at least 20% of qualified electors in proposed contiguous territory with minimum market value of $5,000,000, followed by county commissioners' review and voter approval requiring two-thirds (2/3) majority.

• Establishes three-member board of directors (expandable to five) elected from subdistricts for four-year terms, with powers to levy taxes up to 0.1% of market value, issue bonds, acquire property, and operate county fairs.

• Authorizes districts to issue bonds for capital improvements upon two-thirds (2/3) voter approval, with tax levies and sinking funds securing repayment over up to 30 years.

• Allows dissolution of districts by two-thirds (2/3) voter approval or automatic dissolution of inactive districts that fail to exercise powers, own property, levy taxes, or incur debt within three years; does not apply to existing county fair boards under prior law.