TITLE 70

WATERCOURSES AND PORT DISTRICTS

CHAPTER 21

IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT

70-2102.  Declaration of necessity and purpose — Liberal construction. (1) The legislature of the state of Idaho hereby finds:

(a)  That lack of sufficient employment opportunities in port districts seriously endangers the public health and welfare;

(b)  That there is a need to encourage the acquisition, construction, installation or equipping of economic development facilities which will increase or maintain employment opportunities in port districts;

(c)  That it is desirable to provide methods of financing the costs of acquiring, constructing, installing and equipping of economic development facilities which will increase or maintain employment opportunities in port districts; and

(d)  That the method of financing provided in this act is therefore in the public interest and serves a public purpose in protecting and promoting the health and welfare of the citizens of this state by encouraging the acquisition, construction, installation or equipping of economic development facilities to increase or maintain employment opportunities in port districts.

(2)  It is the purpose of this act to authorize port districts to finance, acquire, construct, install, equip, own, lease and sell economic development facilities located in port districts to be financed for, or to be sold, leased or otherwise disposed of to persons other than municipal corporations or other political subdivisions, to the end that port districts may be able to promote the health and welfare of the people of this state; it is not intended by this act that any port district shall itself be authorized to operate any industrial or commercial enterprise or any such economic development facilities.

(3)  This act shall be liberally construed to accomplish the intentions expressed herein.

History:

[70-2102, added 1981, ch. 228, sec. 1, p. 458.]