Idaho Code 50-2714 – Commingling of Bond Proceeds or Revenues With Municipal Funds Prohibited
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 50-2714
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Municipality: means a city or county of this state. See Idaho Code 50-2702
No part of the proceeds received from the sale of any revenue bonds under this chapter, of any revenues derived from any industrial development facility required or held under this chapter, or of any interest realized on moneys received under this chapter may be commingled by the public corporation with funds of the municipality creating the public corporation.