Idaho § 42-2956 - Levy for sinking fund
Full text of Idaho Idaho Statutes § 42-2956 — Levy for sinking fund, with citation guidance and answers to common questions.
§ 42-2956. Levy for sinking fund
At least one (1) year before the first principal maturity of said bonds (as fixed by the board of commissioners pursuant to section 42-2954 ) and thereafter annually, the drainage commissioners of such district issuing them are hereby authorized and required to levy an assessment sufficient to liquidate said bonds at their respective maturities. Such assessment shall be collected by the official whose duty it is to collect the county taxes, and kept as a separate fund for the sole purpose of liquidating said bonds in accordance with the provisions of the following section. The annual levies of assessments to pay bonds issued prior to the effective date of this amendment shall be made according to the law in existence at the time of the issuance of said prior bonds and according to the maturity needs thereof.
Frequently Asked Questions About Idaho § 42-2956
What does Idaho Statutes § 42-2956 cover?
Section 42-2956 ("Levy for sinking 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 § 42-2956?
A common citation format is "Idaho Statutes § 42-2956" (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 § 42-2956 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.