Idaho State Statutes - Idaho Attorney Directory

(1) Upon the same property and for the
same year the county commissioners shall levy a property tax for the
redemption of outstanding county warrants issued prior to the first day of
October in said year, to be collected and paid into the county treasury and
apportioned to the county warrant redemption fund, which levy shall be
sufficient for the redemption of all the outstanding county warrants, unless
the amount of outstanding warrants exceeds the amount that would be raised by
a levy of two-tenths of one percent (.2%) of the market value for assessment
purposes on all taxable property in the county, in which case the county
commissioners shall annually levy a property tax of two-tenths of one percent
(.2%) of the market value for assessment purposes on all taxable property in
the county for the redemption of such outstanding warrants.
(2) All property taxes levied in any year for the county current expense
fund, county road fund and county bridge fund and collected on or after the
first day of January in the succeeding year and any property tax levied for
any purpose and which is no longer needed for such purpose when collected must
be paid into the county treasury and apportioned to the county warrant
redemption fund, except as otherwise provided by law. All money in the county
treasury on the first day of October to the credit of the county current
expense fund, county road fund, county bridge fund or any other fund which is
no longer needed must be transferred to the county warrant redemption fund
upon the books of the county auditor and county treasurer by resolution of the
county commissioners entered upon the records of the proceedings.

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