Idaho § 31-4912 - Security for bonds or other indebtedness

§ 31-4912. Security for bonds or other indebtedness

In connection with the issuance of bonds or the incurring of other indebtedness, and to secure the payment of the same, the district board shall have the power:

(1) To pledge all or any part of its fees and revenues from any source;

(2) To covenant against pledging all or any part of its fees and revenues, or against permitting any lien on such fees, revenues, or property;

(3) To covenant as to the bonds or other indebtedness to be issued and as to the use and disposition of the proceeds thereof;

(4) To establish and fund reserves for the payment of such bonds or indebtedness;

(5) To enter into credit enhancement arrangements including, but not limited to, letters of credit, reimbursement and remarketing agreements, and bond insurance policies;

(6) To make such covenants as will tend to make such bonds or indebtedness more marketable, notwithstanding that such covenants may not be enumerated herein.

[31-4912, added 1990, ch. 390, sec. 1, p. 1090.]