Idaho State Statutes - Idaho Attorney Directory

(1) The purposes for which bonds may be issued
shall be: To acquire, purchase, or improve a library site or sites; to build a
library or libraries, or other building or buildings; to demolish or remove
buildings; to add to, remodel or repair any existing building; to furnish and
equip any building or buildings, including all facilities and appliances
necessary to maintain and operate the buildings of the library; and to
purchase motor vehicles for use as bookmobiles.
The library district may issue bonds in an amount not to exceed
four-tenths percent (.4%) of the market value for assessment purposes of
property within the district, less any aggregate outstanding indebtedness.
The board of trustees of any library district, upon approval of a majority
thereof, may call a bond election on the question as to whether the board
shall be empowered to issue bonds of the district in an amount and for a
period of time to be stated in the notice of election. The notice of bond
elections, the qualification of bond electors, the conduct of the election,
and the canvass of election and determination of the result of election shall
be in accordance with chapter 14, title 34, Idaho Code, and with the general
election laws of the state of Idaho. The majority required to pass a bond
issue shall be two-thirds (2/3) of those voting in the election. The issuance
of bonds, the expenditure of bond proceeds and the repayment of the bonds
shall all be as specified in school district law.
(2) District library bond funds may not be used to purchase or expand a
building for a contracting agency providing library services unless the
district library gains an ownership share in the building proportional to the
percentage of district bond funds used to purchase or expand the building.

Click here to visit the Official Idaho State Statutes