Idaho State Statutes - Idaho Attorney Directory

(a) If it becomes necessary and expedient
so to do, it shall be lawful for the board to levy additional taxes and
collect revenue for the purpose of creating a reserve sinking fund for the
purpose of accumulating moneys with which to add new buildings or necessary
equipment, and to provide extensions of and betterments to the improvements of
the district, and for such purposes may levy an additional tax not to exceed
two hundredths of one percent (.02%) of the market value for assessment
purposes on all taxable property in the district.
(b) If the board finds it necessary to maintain the solvency of a
facility or facilities, the board is authorized to levy additional taxes and
collect revenue in excess of the limitations prescribed by section 39-1333,
Idaho Code, for the sole purpose of retiring current or past due obligations
accruing where operating expenses for such a facility or facilities have
exceeded all available sources of revenue in the fiscal year preceding the
anticipated date of levy; provided, that any such additional levy shall be
authorized only if approved by two-thirds (2/3) of the qualified electors of
the district voting at an election called and conducted in the manner
specified in sections 39-1339 through 39-1342, Idaho Code.

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