Idaho State Statutes - Idaho Attorney Directory

The holder of any bond, issued under the
authority of this code, shall have no claim therefor against the district by
which the same is issued, except to the extent of the funds created and
received by assessments for the applicable bond issue against the property
within any local improvement district as herein provided and to the extent of
the local improvement guarantee fund for the applicable bond issue which may
be established by any such district under the provisions of this code, but the
district shall be held responsible for the lawful levy of all special taxes or
assessments herein provided and for the faithful accounting of settlements and
payments of the special taxes and assessments levied for the payment of the
bonds as herein provided. The owners and holders of such bonds shall be
entitled to complete enforcement of all assessments made for the payment of
such bonds. A copy of this section shall be plainly written, printed or
engraved on the face of each bond so issued.

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