Idaho § 33-913 - Issuance of Bonds - School Modernization Facilities Fund
Full text of Idaho Idaho Statutes § 33-913 — Issuance of Bonds - School Modernization Facilities Fund, with citation guidance and answers to common questions.
§ 33-913. Issuance of Bonds - School Modernization Facilities Fund
(1) The Idaho state building authority is hereby authorized to issue bonds from time to time as needed for the state department of education, secured by unobligated moneys in the school modernization facilities fund established in section 33-912 , Idaho Code, for the purpose of providing funds to the state department of education for distribution to eligible school districts as provided in this section.
(2) Bonds shall be issued with maturities of no more than ten (10) years from the date of issuance.
(3)(a) The annual debt service and related expenses of the Idaho state building authority for bonds issued under this section may not exceed the amount available from continuing appropriations of the school modernization facilities fund minus the annualized distributions elected by school districts.
(b) In times of economic recession in which sales tax receipts fall below prior year levels, the legislature may consider temporarily ceasing annualized distributions for those districts electing such annualized distributions. In the case of school districts that elect a lump sum, annual debt service and related expenses of such bonds may be covered during the economic recession by withholding other payments that would be made available to the district in response to the economic recession, such as distributions of rainy day funds or federal recovery funds.
[33-913, added 2024, ch. 237, sec. 15, p. 829.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 33-913
What does Idaho Statutes § 33-913 cover?
Section 33-913 ("Issuance of Bonds - 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 § 33-913?
A common citation format is "Idaho Statutes § 33-913" (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 § 33-913 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.