Idaho Code 70-1512 – Federal Aid Powers Supplemental — Construction
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 70-1512
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The powers conferred by sections 70-1509—70-1512[, Idaho Code,] shall be in addition and supplemental to, and not in diminution of or substitution for any powers now or hereafter conferred upon any port district by this act or any other law. The provisions of such sections are intended to simplify the procedure for the construction and financing of port improvements, and are remedial in nature and the powers thereby granted shall be liberally construed; provided, that such section shall not be construed to authorize the issuance of general obligation bonds by such port, in excess of the limitations contained in this act and any such bonds shall be issued only upon compliance with the provisions of this act concerning the issuance of general obligation bonds.