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Idaho Statutes
Idaho Statutes are updated to the website July 1 following the legislative session.
EDUCATION
CHAPTER 53
IDAHO SCHOOL BOND GUARANTY ACT
33-5302. Definitions. (1) "Board" means the board of trustees of a school district, including a specially chartered district, existing now or later under the laws of the state.
(2) "Bond" means any general obligation bond or refunding bond issued after the effective date of this chapter.
(3) "Default avoidance program" means the school bond guaranty program established by this chapter.
(4) "General obligation bond" means any bond, note, warrant, certificate of indebtedness, or other obligation of a board payable in whole or in part from revenues derived from property taxes and that constitutes an indebtedness within the meaning of any applicable constitutional or statutory debt limitation.
(5) "Paying agent" means the corporate paying agent selected by the board for a bond issue who is:
(a) Duly qualified; and
(b) Acceptable to the state treasurer.
(6) "Public school guarantee fund" means the fund described in section 2, article VIII, of the constitution of the state of Idaho and section 33-5309, Idaho Code.
(7) "Refunding bond" means any general obligation bond issued by a board for the purpose of refunding its outstanding general obligation bonds.
(8) "School district" means any school district, including a specially chartered district, existing now or later under the laws of the state.
History: