reglab/statecodes huggingface dataset:
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 17 - PORT DISTRICTS — BUDGET AND FISCAL MATTERS › Section 70-1718 - GENERAL OBLIGATION BONDS — FORM AND TERMS.

70-1718. GENERAL OBLIGATION BONDS — FORM AND TERMS. Such general obligation bonds shall be in such form, bear such date or dates, mature at such time or times, be in such denominations, bear interest at such rate or rates, be payable at such time or times, be payable at such place or places, be in such form, either coupon or registered or both, carry such registration privileges and be subject to such terms of redemption as the port commission shall by resolution determine. Such bonds shall be executed in the name of the port district by the manual or facsimile signature of the president of the port commission and shall have the seal of the port district impressed, imprinted or reproduced thereon, and attested by the manual or facsimile signature of the secretary of the port commission. One (1) of such signatures must be manual. The coupons appertaining to such bonds shall bear the facsimile signatures of such officials.
History:
[70-1718, added 1969, ch. 55, sec. 96, p. 144; am. 1970, ch. 176, sec. 5, p. 508.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 17 - PORT DISTRICTS — BUDGET AND FISCAL MATTERS › Section 70-1719 - GENERAL OBLIGATION BONDS — SALE.

70-1719. GENERAL OBLIGATION BONDS — SALE. Such general obligation bonds shall be sold in such manner as the port commission shall by resolution direct, either at public or private sale and at a price of not less than par plus accrued interest to date of delivery and payment. The maximum effective interest rate may not exceed the maximum interest rate specified in the proposition authorizing the bonds.
History:
[70-1719, added 1969, ch. 55, sec. 97, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 17 - PORT DISTRICTS — BUDGET AND FISCAL MATTERS › Section 70-1720 - GENERAL OBLIGATION BONDS — REFUNDING.

70-1720. GENERAL OBLIGATION BONDS — REFUNDING. The port commission of any port district may by resolution, without submitting the proposition to the voters, provide for the issuance of general obligation refunding bonds, to refund any outstanding general obligation bonds of the district at or prior to maturity or the first optional redemption date. Such refunding bonds may be issued to refund parts or all of various issues or series of outstanding bonds. The principal amount of the refunding bonds may not exceed the principal amount of the bonds to be refunded. The provisions of this act relating to the form, terms, conditions, covenants, issuance and sale of general obligation bonds shall be applicable to such general obligation refunding bonds.
History:
[70-1720, added 1969, ch. 55, sec. 98, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 17 - PORT DISTRICTS — BUDGET AND FISCAL MATTERS › Section 70-1721 - GENERAL OBLIGATION BONDS AND REFUNDING BONDS — TAXES FOR PAYMENT.

70-1721. GENERAL OBLIGATION BONDS AND REFUNDING BONDS — TAXES FOR PAYMENT. The port commission shall cause to be levied annually at the time and in the manner general port district taxes are levied upon all the taxable property within the district, in addition to all other taxes, a tax sufficient with other available funds to enable the district to pay the principal of and interest on such bonds as the same become due. Such taxes shall be levied, assessed, certified, extended and collected by the proper officers and at the times and in the manner other port district taxes are levied, assessed, certified, extended and collected until the principal of and interest on all such bonds shall have been fully paid. All of such taxes so collected shall be credited to a separate port district fund and shall be used solely to pay the principal of and interest on such bonds.
History:
[70-1721, added 1969, ch. 55, sec. 99, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1801 - REVENUE BONDS AUTHORIZED.

70-1801. REVENUE BONDS AUTHORIZED. The port commission of any port district is authorized, for the purpose of carrying out the lawful powers granted port districts by the laws of the state, to contract indebtedness and to issue revenue bonds evidencing such indebtedness in conformity with this act.
History:
[70-1801, added 1969, ch. 55, sec. 100, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1802 - REVENUE BONDS — PURPOSES.

70-1802. REVENUE BONDS — PURPOSES. All such revenue bonds authorized under the terms of this act may be issued and sold by the port district from time to time and in such amounts as is deemed necessary by the port commission to provide sufficient funds for the carrying out of all port district powers and, without limiting the generality thereof, shall include the following: acquisition, construction, reconstruction, maintenance, repair and operation of industrial and economic development facilities and port properties and facilities, including the cost thereof, engineering, inspection, accounting, fiscal and legal expenses, the cost of issuance of bonds, including printing, engraving and advertising and other similar expenses, the establishment of bond reserves, and the payment of interest on bonds issued for any project during the period of actual construction and for not exceeding twelve (12) months after the completion thereof.
History:
[70-1802, added 1969, ch. 55, sec. 101, p. 144; am. 2001, ch. 189, sec. 3, p. 653.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1803 - REVENUE BONDS — TERMS — INTEREST RATE.

70-1803. REVENUE BONDS — TERMS — INTEREST RATE. Such revenue bonds shall bear such date or dates, mature at such time or times, be in such denominations, bear interest at a rate or rates, payable at such time or times, be payable at such place or places, be in such form either coupon or registered or both, carry such registration privileges and be subject to such terms of redemption as the port commission shall by resolution determine.
History:
[70-1803, added 1969, ch. 55, sec. 102, p. 144; am. 1970, ch. 133, sec. 22, p. 309.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1804 - REVENUE BONDS — SOURCES OF PAYMENT — SINKING FUNDS — NEGOTIABLE INSTRUMENTS.

70-1804. REVENUE BONDS — SOURCES OF PAYMENT — SINKING FUNDS — NEGOTIABLE INSTRUMENTS. Bonds issued under the provisions of this act shall be payable solely out of revenues of the port district other than those revenues derived from ad valorem taxes. Such bonds shall be authorized by resolution of the port commission, which resolution shall create a special fund or funds into which the port commission shall obligate and bind the port district to set aside and pay any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the gross revenue of the port district sufficient to pay the principal of and interest on such bonds as the same shall become due and, if deemed necessary, to maintain adequate reserves therefor. Such fund or funds shall be drawn upon for the sole purpose of paying the principal of and interest on bonds issued pursuant to this act.
The bonds shall be negotiable instruments within the provisions and intent of the laws of this state even though they shall be payable solely from such special fund or funds, and the ad valorem tax revenue of the port district may not be used to pay, secure or guarantee the payment of the principal of an interest on such bonds. The bonds and any coupons attached thereto shall state upon their face that they are payable solely from such special fund or funds. If the port commission fails to set aside and pay into such fund or funds the payment provided for in such resolution, the holder of any such bonds may bring suit to compel compliance with the provisions of the resolution.
History:
[70-1804, added 1969, ch. 55, sec. 103, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1805 - REVENUE BONDS — COVENANTS AND CONDITIONS — TRUSTEES.

70-1805. REVENUE BONDS — COVENANTS AND CONDITIONS — TRUSTEES. The port commission may provide such covenants as it may deem necessary to secure and guarantee the payment of the principal of and interest on such bonds, including, but not limited to, covenants to create reserve accounts and to authorize the deposit of certain moneys therein for the purpose of securing and guaranteeing the payment of such principal and interest, to establish, maintain and collect tariffs, rates, charges, fees, rentals and sales prices sufficient to pay and guarantee the payment of such principal and interest and to maintain an adequate coverage over annual debt service, to appoint a state or national bank or trust company as trustee for the bondholders to hold, invest and disburse moneys set aside and pledged to pay and guarantee the payment of such bonds and/or as trustee for the safeguarding and disbursing of the proceeds of the sale of such bonds, to fix such powers and duties of such trustee or trustees as may be found necessary to carry out the purposes of this act, and to make any and all other covenants not inconsistent with the provisions of this act which in the judgment of the port commission will increase the marketability of such bonds. The port commission may also provide that revenue bonds payable out of the same source or sources may be later issued on a parity with any revenue bonds being issued and sold. The provisions of this act and any resolution or resolutions providing for the authorization, issuance and sale of such bonds, shall constitute a contract with the holders of such bonds and the provisions thereof shall be enforceable by any owner or holder of such bonds by mandamus or any appropriate suit, action or proceeding at law and equity in any court of competent jurisdiction.
History:
[70-1805, added 1969, ch. 55, sec. 104, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1806 - REVENUE BONDS — SIGNING AND SEALING — INTEREST COUPONS — SALE.

70-1806. REVENUE BONDS — SIGNING AND SEALING — INTEREST COUPONS — SALE. Such bonds shall be signed on behalf of the port district by the president of the port commission and shall be attested by the secretary of the port commission, one (1) of which signatures may be a facsimile signature, and shall have the seal or facsimile seal of the port district impressed thereon. All interest coupons attached thereto shall be signed with the facsimile signatures of said officials. Such bonds shall be sold in the manner and at such price as the port district shall deem advisable, either at public or private sale.
History:
[70-1806, added 1969, ch. 55, sec. 105, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1807 - REVENUE WARRANTS — TERMS AND COVENANTS.

70-1807. REVENUE WARRANTS — TERMS AND COVENANTS. Port districts may also issue revenue warrants for the same purposes for which they may issue revenue bonds and the provisions of this act relating to the terms, conditions, covenants, issuance and sale of revenue bonds shall be applicable to such revenue warrants.
History:
[70-1807, added 1969, ch. 55, sec. 106, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1808 - FUNDING OR REFUNDING BONDS.

70-1808. FUNDING OR REFUNDING BONDS. The port commission of any port district may by resolution, from time to time provide for the issuance of funding or refunding revenue bonds to fund or refund any outstanding revenue or other warrants, bonds, and any premiums thereon, and coupons evidencing interest upon any such bonds at or before the maturity or first optional redemption date of such coupons, warrants or bonds, and may combine various outstanding revenue warrants and parts or all of various series and issues of outstanding revenue bonds and matured coupons in the amount thereof to be funded or refunded.
The port commission shall create a special fund for the sole purpose of paying the principal of and interest on such funding or refunding revenue bonds, into which fund the commission shall obligate and bind the port district to set aside and pay any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the gross revenue of the port district sufficient to pay such principal and interest as the same shall become due, and if deemed necessary to maintain adequate reserves therefor.
Such funding or refunding bonds shall be negotiable instruments within the provisions and intent of the laws of this state, and the tax revenue of the port district may not be used to pay, secure, or guarantee the payment of the principal of and interest on such bonds.
The port district may exchange such funding or refunding bonds for the warrants, bonds, and coupons being funded or refunded, or it may sell such funding or refunding bonds in the manner and at such price as the port commission shall deem to be for the best interest of the district and its inhabitants, either at public or private sale.
The provisions of this act relating to the terms, conditions, covenants, issuance, and sale of revenue bonds shall be applicable to such funding or refunding bonds except as may be otherwise specifically provided in this section.
History:
[70-1808, added 1969, ch. 55, sec. 107, p. 144; am. 2001, ch. 164, sec. 1, p. 574.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 18 - PORT DISTRICTS — REVENUE BONDS AND WARRANTS › Section 70-1809 - CONSTRUCTION OF REVENUE BOND AND WARRANT PROVISIONS.

70-1809. CONSTRUCTION OF REVENUE BOND AND WARRANT PROVISIONS. This act shall be complete authority for the issuance of the revenue bonds and warrants hereby authorized, and shall be liberally construed to accomplish its purposes. Any restrictions, limitations or regulations relative to the issuance of such bonds or warrants contained in any other act shall not apply to the revenue bonds or warrants issued under this act. Any laws inconsistent herewith shall be deemed modified to conform with the provisions of this act for the purpose of this act only.
History:
[70-1809, added 1969, ch. 55, sec. 108, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1901 - INDUSTRIAL DEVELOPMENT DISTRICTS AUTHORIZED — NOTICE — HEARING.

70-1901. INDUSTRIAL DEVELOPMENT DISTRICTS AUTHORIZED — NOTICE — HEARING. A port commission may, after a public hearing thereon, notice of which shall be published in a daily newspaper of general circulation in the port district at least once a week for two (2) successive weeks, create industrial development districts within the port district and define the boundaries thereof, if it finds that the creation of such industrial development district is proper and desirable in furthering industrial development in such port district, and/or for urban renewal therein.
History:
[70-1901, added 1969, ch. 55, sec. 109, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1902 - TAX-TITLE LANDS CONVEYED TO PORT DISTRICT.

70-1902. TAX-TITLE LANDS CONVEYED TO PORT DISTRICT. Any lands in an industrial development district acquired by the county as a result of delinquent taxes may, at the request of the port commission, be conveyed by the county commissioners to the port district either gratuitously or for the amount of the delinquent taxes, penalties and interest accrued against said land, as the county commissioners shall determine. From and after such conveyance, title to said property shall repose in the port district, its successors or assigns. Nothing in this section shall prevent such county commissioners from granting or selling such lands to any other municipality or public body which may make application therefor.
History:
[70-1902, added 1969, ch. 55, sec. 110, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1903 - PRIVATE LANDS.

70-1903. PRIVATE LANDS. Port districts may acquire privately owned property within such industrial development district and, if necessary, exercise the right of eminent domain in securing the same, in the same manner as in this act provided for the acquisition by port districts of other properties by eminent domain, provided, however, that such right of eminent domain for such industrial development district purposes shall not be exercised as to lands lying further than three-quarters (3/4) of one (1) mile from the water edge of the slack water pool within such port district, created by any downriver dam; provided, further, that notwithstanding any other provisions of the port district law, neither a port district nor an industrial development district shall have power to acquire by eminent domain any existing and operating railroad facilities, without first securing from the public utilities commission a certificate that such acquisition is necessary for the public convenience and necessity.
History:
[70-1903, added 1969, ch. 55, sec. 111, p. 144; am. 1970, ch. 3, sec. 1, p. 4.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1904 - ADOPTION OF PLAN.

70-1904. ADOPTION OF PLAN. No expenditure for acquisition or improvement of property in an industrial development district shall be made by a port district until a comprehensive plan for such industrial development shall have been adopted by the port commission in the same manner, and upon the same notice as provided in this act for the adoption of a comprehensive plan of harbor improvement and port development; provided that, moneys may be expended prior to the adoption of such plan for studies, preliminary engineering, and the planning of such industrial development district, either separately, or in connection with other studies and engineering of the district, and either by the district alone or in connection with other federal or state agencies or instrumentalities.
Recognizing that it will be necessary that port districts engage in long-range planning, and that it will normally be necessary to alter such plan from time to time, such plan need only be in general terms.
History:
[70-1904, added 1969, ch. 55, sec. 112, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1905 - IMPROVEMENTS TO FOLLOW PLAN ADOPTED.

70-1905. IMPROVEMENTS TO FOLLOW PLAN ADOPTED. When such general plan shall have been adopted as provided in section 70-1904, [Idaho Code,] improvements to by [be] made by such commission in such industrial development district shall be made substantially in accordance therewith unless and until such general plan shall have been officially amended, modified or changed by the port commission.
History:
[70-1905, added 1969, ch. 55, sec. 113, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1906 - AMENDMENT, MODIFICATION OR CHANGE OF PLAN.

70-1906. AMENDMENT, MODIFICATION OR CHANGE OF PLAN. Such plan may be amended, modified or changed by the port commission at any time, after a public hearing thereon, notice of which shall be given in the same manner as is notice for the adoption of such plan, and such plan as amended, modified or changed shall be and remain the district’s plan for such industrial development district, until the same shall again be amended, modified or changed by the port commission in the same manner.
History:
[70-1906, added 1969, ch. 55, sec. 114, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1907 - INDUSTRIAL DEVELOPMENT DISTRICTS — POWERS.

70-1907. INDUSTRIAL DEVELOPMENT DISTRICTS — POWERS. All port districts wherein industrial development districts have been established are authorized and empowered to acquire by purchase or condemnation or both, all lands, property and property rights necessary for the development and improvement of such industrial development district; to exercise the right of eminent domain, subject to the provisions of section 70-1903, [Idaho Code,] in the acquirement or damaging of all lands, property and property rights; to levy and collect assessments upon property and to expend its funds for the payment of all damages and compensation in acquiring such property and/or in carrying out the plan for which said industrial development district has been created; to develop and improve the lands within such industrial development district to make the same suitable and available for industrial uses and purposes; to dredge, bulkhead, fill, grade, and protect such property; to provide for water, light, power and fire protection facilities and services, streets, roads, bridges, highways, waterways, tracks and rail and water improvements; to execute leases of such land or property or any part thereof; and generally to exercise with respect to and within such industrial development districts all the power now or hereafter conferred by law upon port districts.
History:
[70-1907, added 1969, ch. 55, sec. 115, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1908 - INDUSTRIAL DEVELOPMENT DISTRICTS — SALE OR EXCHANGE OF PROPERTY.

70-1908. INDUSTRIAL DEVELOPMENT DISTRICTS — SALE OR EXCHANGE OF PROPERTY. When a port commission deems it for the best interests of the district and the people thereof and in furtherance of its general plan of harbor improvement and port development or its plan of industrial development, or both, it may, sell, convey or exchange with or without additional consideration, any property, or part thereof, owned by it within an industrial development district. This section shall not be limited by any other or inconsistent provisions of this act.
History:
[70-1908, added 1969, ch. 55, sec. 116, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1909 - SALE — NOTICE — HEARING.

70-1909. SALE — NOTICE — HEARING. Prior to any such sale, or to any such exchange, the port commission shall hold a hearing thereon, for the purpose of hearing any objections thereto, and shall give notice of such hearing by publication in a newspaper within the port district at least once a week for two (2) successive weeks prior to such hearing.
The notice shall describe the property to be sold or exchanged, and state generally the terms of sale or exchange, and shall state the time and place of hearing thereon.
History:
[70-1909, added 1969, ch. 55, sec. 117, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1910 - DETERMINATION CONCERNING SALE OR EXCHANGE.

70-1910. DETERMINATION CONCERNING SALE OR EXCHANGE. Within three (3) days after the hearing the commission shall make its findings and determination on the advisability of making the sale or exchange, and enter its determination in its records, which determination, in the absence of a showing of fraudulent, capricious or arbitrary action, or of bad faith on the part of the commission, shall be conclusive.
History:
[70-1910, added 1969, ch. 55, sec. 118, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1911 - SALE — CONTRACT OR BID.

70-1911. SALE — CONTRACT OR BID. Any such sale may be by private agreement between the port district and the prospective purchaser or upon bid upon such terms as the port commission may direct.
History:
[70-1911, added 1969, ch. 55, sec. 119, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1912 - SALE — PLANS FOR DEVELOPMENT.

70-1912. SALE — PLANS FOR DEVELOPMENT. Prior to the conveyance of such land, the port commission shall require the purchaser to file with the commission a plan, stating in detail the use such purchaser intends to make of such land. The commission may require such purchaser to file additional information as to such intended use and may require of him security as assurance that the property will be used for that purpose.
History:
[70-1912, added 1969, ch. 55, sec. 120, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 19 - INDUSTRIAL DEVELOPMENT DISTRICTS IN PORT DISTRICTS › Section 70-1913 - COVENANTS AS TO USE — FORFEITURE.

70-1913. COVENANTS AS TO USE — FORFEITURE. The commission may, in securing any such bids, or in selling, exchanging or conveying any such property, specify conditions to be placed in the commission’s instrument of conveyance of such property, and thereafter place such condition in such instrument, as covenants running with the land. Any violation of such covenants may result in a right by the port commission to cancel said conveyance and retake said property free and clear of any claim of the purchaser, when such instrument so provides.
History:
[70-1913, added 1969, ch. 55, sec. 121, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 20 - PORT DISTRICTS — MISCELLANEOUS PROVISIONS › Section 70-2001 - LIBERAL CONSTRUCTION.

70-2001. LIBERAL CONSTRUCTION. The rules of strict construction shall have no application to the provisions of this act concerning port districts, but the same shall be liberally construed in all respects in order to fully and effectively carry out the purposes and objects for which port districts are authorized.
History:
[70-2001, added 1969, ch. 55, sec. 122, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 20 - PORT DISTRICTS — MISCELLANEOUS PROVISIONS › Section 70-2002 - ACTIONS UNDER PREVIOUS LAWS RATIFIED.

70-2002. ACTIONS UNDER PREVIOUS LAWS RATIFIED. The acts and proceedings of all port districts under the laws in effect prior to the effective date of this act are hereby ratified and approved, and shall remain in full force and effect until the further action of such port district.
History:
[70-2002, added 1969, ch. 55, sec. 123, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 20 - PORT DISTRICTS — MISCELLANEOUS PROVISIONS › Section 70-2003 - PORT-OWNED PROPERTY NOT SUBJECT TO TAXATION.

70-2003. PORT-OWNED PROPERTY NOT SUBJECT TO TAXATION. All property acquired by port districts for any purpose shall forthwith, upon such acquisition, be removed by the county assessor from the tax rolls of the county, and shall not be subject to taxation by any municipal corporation, political subdivision or instrumentality of this state.
History:
[70-2003, added 1969, ch. 55, sec. 124, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 20 - PORT DISTRICTS — MISCELLANEOUS PROVISIONS › Section 70-2004 - SHORT TITLE.

70-2004. SHORT TITLE. This act may be cited as the "Port District Law."
History:
[70-2004, added 1969, ch. 55, sec. 127, p. 144.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2101 - SHORT TITLE.

70-2101. SHORT TITLE. This act may be referred to and cited as the "Idaho Port District Economic Development Financing Act."
History:
[70-2101, added 1981, ch. 228, sec. 1, p. 458.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2102 - DECLARATION OF NECESSITY AND PURPOSE — LIBERAL CONSTRUCTION.

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.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2103 - DEFINITIONS.

70-2103. DEFINITIONS. In this act, unless the context otherwise clearly requires, the terms used herein shall have the meanings ascribed to them as follows:
(1) "Commission" means the port commission of any port district.
(2) "Person" means any individual, partnership, copartnership, firm, company, corporation (including public utilities), association, joint stock company, trust, estate, or any other legal entity, or their legal representatives, agents or assigns, other than municipal corporations or other political subdivisions.
(3) "Port district" means any port district of the state of Idaho.
(4) "Finance" or "financing" means the issuing of revenue bonds pursuant to authority herein contained by a port district for the purpose of using substantially all of the proceeds to pay all or any part of project costs or to reimburse any person for all or any part of project costs; provided, that title to or in any project so financed may at all times remain in a person other than the port district and in such case the revenue bonds of the port district shall be secured by a pledge of one or more notes, debentures, bonds or other obligations of such person.
(5) "Project" includes economic development facilities consisting of any properties, real or personal including, without limitation, any land, interest in land, building, structure, facility, system, fixture, improvement, appurtenance, machinery, equipment or any combination thereof, and all real and personal property deemed necessary therewith, located within the port district, used or useful in connection with a revenue-producing enterprise, having to do with or the end purpose of which is increasing or maintaining employment in the port district, and compatible with the purposes for which the port district was established.
(6) "Project costs" as applied to any project financed under the provisions of this act mean and include all or any part of the sum total of all reasonable or necessary costs incidental to the acquisition, construction, installation and equipping of such project including, without limitation, the cost of studies and surveys; plans, specifications, architectural and engineering services; legal, organization, marketing or other special services; financing, acquisition, demolition, construction, equipment and site development of new and rehabilitated buildings; rehabilitation, reconstruction, repair or remodeling of existing buildings and all other necessary and incidental expenses including an initial principal and interest reserve together with interest on revenue bonds issued to finance such project to a date six (6) months subsequent to the estimated date of completion.
History:
[70-2103, added 1981, ch. 228, sec. 1, p. 458.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2105 - CONFLICT OF INTEREST.

70-2105. CONFLICT OF INTEREST. In the event a member of a commission is the person or is an officer, partner, employee, stockholder or beneficiary, in the case of a trust, of the person with whom the port district proposes to contract under the provisions of this act with respect to the acquisition and financing of a project and the issuance of revenue bonds, such member shall disclose such status and interest to the commission at a public meeting and shall abstain from voting on all matters before the commission related thereto.
History:
[70-2105, added 1981, ch. 228, sec. 1, p. 460.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2107 - PUBLICATION OF PROCEEDINGS — CONTEST PERIOD.

70-2107. PUBLICATION OF PROCEEDINGS — CONTEST PERIOD. The resolution authorizing the issuance of any revenue bonds hereunder and the execution of an indenture as security therefor shall be published one (1) time in a newspaper of general circulation in the port district. Any such indenture, or other instrument authorized in such resolution to be executed, may be incorporated as an exhibit to such resolution but need not be published as part of the resolution. For a period of thirty (30) days from the date of such publication any person in interest may file suit in any court of competent jurisdiction to contest the regularity, formality or legality of the proceedings authorizing the revenue bonds, or the legality of such resolution and its provisions or of the revenue bonds to be issued pursuant thereto and the provisions securing the revenue bonds. After the expiration of such thirty (30) day period no one shall have any right of action to contest the validity of the revenue bonds or of such proceedings or of such resolution or the validity of the pledges and covenants made in such proceedings and resolution and the revenue bonds and the provisions for their payment shall be conclusively presumed to be legal and no court shall thereafter have authority to inquire into such matters.
History:
[70-2107, added 1981, ch. 228, sec. 1, p. 462.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2109 - PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND POLITICAL SUBDIVISIONS.

70-2109. PAYMENT OF REVENUE BONDS — NONLIABILITY OF STATE AND POLITICAL SUBDIVISIONS. Revenue bonds passed under the provisions of this act shall not be deemed to constitute a debt or liability of the state of Idaho, any port district or any other political subdivision of the state of Idaho, but shall be payable solely from the funds herein provided therefor. The issuance of revenue bonds under the provisions of this act shall not, directly or indirectly or contingently, obligate the state of Idaho, any port district or any other political subdivision of the state of Idaho to levy any form of taxation therefor or to make any appropriation for their payment. Nothing in this act shall be construed to authorize the creation of a debt of the state of Idaho or of the port district authorizing the issuance of such revenue bonds within the meaning of the constitution or statutes of the state of Idaho. All revenue bonds issued pursuant to the provisions of this act are payable and shall state that they are payable solely from the funds pledged for their payment in accordance with the resolution authorizing their issuance or in any indenture executed as security therefor, and that such revenue bonds are not secured by the full faith and credit or the taxing power of the state of Idaho, any port district or any other political subdivision of the state of Idaho. Neither the state nor the port district authorizing the issuance thereof shall in any event be liable for the payment of the principal, interest or premium, if any, on any such revenue bonds. No breach of any such pledge, obligation or agreement may impose any pecuniary liability upon the state or the port district authorizing the issuance thereof or any charge upon their general credit or against their taxing power.
History:
[70-2109, added 1981, ch. 228, sec. 1, p. 463.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2110 - TAXATION.

70-2110. TAXATION. To the extent permitted by the constitution, the property acquired by any port district pursuant to this act is exempt from taxation, except that during any period that such property is leased by a port district under a lease, or title thereto is retained by a port district under an installment purchase contract, taxes shall be payable to the same extent as if it were owned by such lessee or installment purchaser and such taxes shall be paid by such lessee or installment purchaser.
History:
[70-2110, added 1981, ch. 228, sec. 1, p. 464.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2111 - CONVEYANCE OF TITLE TO LESSEE.

70-2111. CONVEYANCE OF TITLE TO LESSEE. At or prior to the time the principal, interest and premium, if any, on any revenue bonds issued hereunder to provide a particular project have been fully paid, the port district may execute such deeds and conveyances as are necessary and required to convey its right, title and interest in such project to any person, provided that if such conveyance is made prior to when the revenue bonds are fully paid, the port district has determined that adequate provision has been made for the payment of the principal, interest and premium, if any, on the bonds as they become due.
History:
[70-2111, added 1981, ch. 228, sec. 1, p. 464.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2112 - POWERS NOT RESTRICTED — LAW COMPLETE IN ITSELF.

70-2112. POWERS NOT RESTRICTED — LAW COMPLETE IN ITSELF. Neither this act nor anything herein contained shall be construed as a restriction or limitation upon any powers which any port district might otherwise have under any laws of the state of Idaho, but shall be construed as cumulative of any such powers. No proceedings, notice or approval shall be required for the issuance of any revenue bonds or any instrument as security therefor, except that no revenue bonds shall be issued hereunder until the commission shall by resolution adopted by a majority of the commission determine that the project to be financed with the proceeds of said revenue bonds will increase or maintain employment opportunities in the port district issuing said revenue bonds. The resolution containing the declaration of public interest or necessity herein required, shall recite the objects and purposes for which the revenue bonds are proposed to be issued, the amount of principal of the revenue bonds, and the source of revenues pledged to the payment of said bonds.
History:
[70-2112. added 1981, ch. 228, sec. 1, p. 464.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2113 - INVESTMENT OF FUNDS.

70-2113. INVESTMENT OF FUNDS. Each port district issuing revenue bonds hereunder may invest any funds received in connection therewith in bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of the United States of America; in certificates of deposit or time deposits constituting direct obligations of any bank as defined by the Idaho bank act, provided, however, that investments may be made only in those certificates of deposit or time deposits in banks which are insured by the federal deposit insurance corporation, if then in existence; or in short term discount obligations of the federal national mortgage association. Any such securities may be purchased at the offering or market price thereof at the time of such purchase.
History:
[70-2113, added 1981, ch. 228, sec. 1, p. 464.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2114 - BONDS ELIGIBLE FOR INVESTMENT.

70-2114. BONDS ELIGIBLE FOR INVESTMENT. The state of Idaho and all counties, cities, port districts and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any revenue bonds issued pursuant to this act.
History:
[70-2114, added 1981, ch. 228, sec. 1, p. 464.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2115 - EXEMPTION FROM PUBLIC BUILDINGS CONSTRUCTION AND BIDDING REQUIREMENTS.

70-2115. EXEMPTION FROM PUBLIC BUILDINGS CONSTRUCTION AND BIDDING REQUIREMENTS. A project is not subject to any requirements relating to public buildings, structures, grounds, works, or improvements imposed by the Idaho Code, or any other similar requirements which may be lawfully waived by this section, and any requirement of competitive bidding or other restriction imposed on the procedure for award of contracts for such purpose or the lease, sale, or other disposition of property of any port district is not applicable to any action taken under authority of this act.
History:
[70-2115, added 1981, ch. 228, sec. 1, p. 465.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2116 - TAX EXEMPTION.

70-2116. TAX EXEMPTION. Any bonds issued under the provisions of this act, their transfer, and income therefrom, including any interest paid or payable thereon and profit made on the sale thereof, shall be exempt at all times from all taxation in the state of Idaho.
History:
[70-2116, added 1981, ch. 228, sec. 1, p. 465.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 21 - IDAHO PORT DISTRICT ECONOMIC DEVELOPMENT FINANCING ACT › Section 70-2117 - SEVERABILITY.

70-2117. SEVERABILITY. If any one or more sections or provisions of this act, or the application thereof to any person (including municipal corporations and political subdivisions) or circumstance, shall ever be held by any court of competent jurisdiction to be invalid, the remaining provisions of this act and the application thereof to persons (including municipal corporations and political subdivisions) or circumstances other than those to which it is held to be invalid shall not be affected thereby, it being the intention of the legislature to enact the remaining provisions of this act notwithstanding such invalidity.
History:
[70-2117, added 1981, ch. 228, sec. 1, p. 465.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 22 - COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY › Section 70-2201 - COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY AUTHORIZED.

70-2201. COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY AUTHORIZED. A county-based or city-based intermodal commerce authority, hereinafter referred to as the intermodal authority, is hereby authorized to acquire, construct, maintain, operate, develop and regulate rail, truck, and other on-land transfer and terminal facilities, buildings, warehouses and storage facilities, manufacturing, industrial and economic development facilities and services, reasonably incident to a modern, efficient and competitive land-based port, and may be established according to this chapter in any county or incorporated city.
History:
[70-2201, added 2004, ch. 353, sec. 1, p. 1053; am. 2011, ch. 37, sec. 2, p. 87.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 22 - COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY › Section 70-2202 - PURPOSE — PUBLIC AND GOVERNMENT FUNCTIONS.

70-2202. PURPOSE — PUBLIC AND GOVERNMENT FUNCTIONS. The purposes of a county-based or city-based intermodal authority are to:
(1) Promote, stimulate and advance the commerce, economic development, and prosperity of its jurisdiction and of the state;
(2) Endeavor to increase the volume of commerce within the jurisdiction of the county or city through planning, advertising, acquisition, establishment, development, construction, improvement, maintenance, operation, regulation, and protection of transportation, storage, and other facilities that promote economic handling of commerce;
(3) Cooperate and act in conjunction with other organizations, either public or private, in the development of commerce, industry, manufacturing, services, natural resources, agriculture, livestock, recreation, and other economic activity in the state; and
(4) Support the creation, expansion, modernization, retention, and relocation of new and existing businesses and industries, and assist in and support the growth of all kinds of economic activity that will tend to promote commerce and business development, maintain the economic stability and prosperity of its jurisdiction and of the state.
History:
[70-2202, added 2004, ch. 353, sec. 1, p. 1053; am. 2011, ch. 37, sec. 3, p. 88.]
2023 Idaho Code › Title 70 - WATERCOURSES AND PORT DISTRICTS › Chapter 22 - COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY › Section 70-2203 - ESTABLISHMENT AND ABOLISHMENT.

70-2203. ESTABLISHMENT AND ABOLISHMENT. (1) There is hereby created in each county and incorporated city an independent public body, corporate and politic, to be known as an intermodal commerce authority.
(2) No intermodal commerce authority and no county or city shall exercise the authority hereafter conferred by this chapter until after the county commissioners or city council members, after a public hearing, have adopted a resolution finding that:
(a) There are conditions in the county or city which will be benefited by the intermodal commerce authority to further the purposes set forth in section 70-2202, Idaho Code; and
(b) The county commissioners or city council members have reason to believe that the citizens of the county or city are supportive of the intermodal commerce authority.
(3) Upon the county or city making the findings set forth in subsection (2) of this section, the intermodal commerce authority is authorized to transact the business and exercise the powers hereunder by a board of commissioners to be appointed or designated as provided in section 70-2204, Idaho Code.
(4) After the establishment of an intermodal authority, any county or city may by resolution or ordinance, after a public hearing, abolish the intermodal authority provided that the payment of any bonds or other obligations of the intermodal authority shall not be adversely affected by such action.
(5) Notwithstanding any other provision of this section to the contrary, any intermodal authority existing as of July 1, 2006, is hereby validated.
History:
[70-2203, added 2004, ch. 353, sec. 1, p. 1054; am. 2005, ch. 364, sec. 1, p. 1152; am. 2006, ch. 75, sec. 1, p. 229; am. 2011, ch. 37, sec. 4, p. 88.]