Idaho State Statutes - Idaho Attorney Directory

Each public corporation may provide
by resolution for the issuance of revenue refunding bonds for the purpose of
refunding any revenue bonds issued for an industrial development facility
under this chapter, including the payment of any redemption premium thereon
and any interest accrued or to accrue to the date of redemption or maturity of
the revenue bonds and commissions, service fees and other expenses necessary
to be paid in connection with the refunding bond issue, and if considered
advisable by the public corporation, for the additional purpose of financing
improvements, extension or enlargements to the industrial development facility
or another industrial development facility. The issuance of the revenue bonds,
the maturities and other details thereof, the rights of the holders thereof,
and the rights, duties and obligations of the public corporation in respect to
the same shall be governed by this chapter insofar as applicable.
Any such refunding may be effected whether the bonds to be refunded shall
have matured or shall thereafter mature, either by sale of the refunding bonds
and the application of the proceeds thereof for the payment of the bonds to be
refunded thereby, or by the exchange of the refunding bonds for the bonds to
be refunded thereby with the consent of the holders of the bonds so to be
refunded, and regardless of whether or not the bonds to be refunded were
issued in connection with the same project or separate projects or for any
other purpose hereunder, and regardless of whether or not the revenue bonds
proposed to be refunded shall be payable on the same date or different dates
or shall be due serially or otherwise.

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