Idaho State Statutes - Idaho Attorney Directory

REPLENISHMENT OF FUND -- WARRANTS -- ISSUANCE AGAINST FUND --
TAX LEVY. Whenever there is not a sufficient amount of cash in said "Local
Improvement Guarantee Fund," at any time to pay any and all warrants, together
with interest thereon, drawn against said fund, the council may replenish said
"Local Improvement Guarantee Fund" by transferring or appropriating to it,
moneys from the general fund of the municipality or other available sources,
as may be determined by said council, subject, however, to the limitations
herein prescribed. Warrants drawing interest, as herein provided, may be
issued against said "Local Improvement Guarantee Fund" to meet any financial
liability against it; but at the time of making its next annual levy the
municipality shall provide for the levy of a sum sufficient with other
resources of the guarantee fund to pay warrants so issued and outstanding, the
tax for this purpose not to exceed two hundredths percent (.02%) of the market
value for assessment purposes on taxable property within the municipal
corporation in any one (1) year.

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