Idaho § 33-912 - SCHOOL MODERNIZATION Facilities FUND
Full text of Idaho Idaho Statutes § 33-912 — SCHOOL MODERNIZATION Facilities FUND, with citation guidance and answers to common questions.
§ 33-912. SCHOOL MODERNIZATION Facilities FUND
(1) There is hereby created in the state treasury the school modernization facilities fund. The fund shall consist of moneys provided pursuant to section 63-3638 (19), Idaho Code.
(2) Moneys in the fund are hereby continuously appropriated solely for the purpose of making annualized distributions to school districts electing to receive distributions and for paying the principal, interest, and other amounts required for education bonds issued by the Idaho state building authority for the state department of education in accordance with the provisions of this chapter.
(3) Moneys in the fund shall be paid by the state department of education to districts electing annual distributions and to the Idaho state building authority as required for annual debt service and other expenses relating to the bonds issued pursuant to section 33-913 , Idaho Code.
(4) The state treasurer shall invest the idle moneys of the school modernization facilities fund, and the interest earned on such investment shall be retained by the school modernization facilities fund.
[33-912, added 2024, ch. 237, sec. 14, p. 829.]
Frequently Asked Questions About Idaho § 33-912
What does Idaho Statutes § 33-912 cover?
Section 33-912 ("SCHOOL MODERNIZATION Facilities FUND") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 33-912?
A common citation format is "Idaho Statutes § 33-912" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 33-912 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.