Idaho State Statutes - Idaho Attorney Directory

When the principal of (an)
and interest on bonds issued by the authority to finance the cost of
facilities or to refinance outstanding indebtedness of one or more
participating health institutions, including any refunding bonds issued to
refund and refinance such bonds, have been fully paid and retired or when
adequate provision has been made to fully pay and retire the same, and all
other conditions of the resolution, the lease, the trust indenture and the
mortgage or deed of trust or any other form of security arrangement, if any,
authorizing and securing the same have been satisfied and the lien of such
mortgage or deed of trust or any other form of security arrangement has been
released in accordance with the provisions thereof, the authority shall
promptly do all things and execute such deeds and conveyances and other
documents as are necessary and required to convey its right, title and
interest in such facilities so financed, and any other facilities mortgaged or
subject to deed of trust or any other form of security arrangement to secure
the bonds, to such participating health institution or institutions.

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