Idaho § 50-2716 - Determination of rent
Full text of Idaho Idaho Statutes § 50-2716 — Determination of rent, with citation guidance and answers to common questions.
§ 50-2716. Determination of rent
Before entering into a lease, sale contract or loan agreement with respect to any industrial development facility, the public corporation shall determine that there are sufficient revenues to pay:
(a) The principal of and the interest on the revenue bonds proposed to be issued to finance the industrial development facility;
(b) The amount necessary to be paid each year into any reserve funds which the public corporation considers advisable to establish in connection with the retirement of the proposed bonds and the maintenance of the industrial development facility; and
(c) Unless the terms of the lease, sale contract or loan agreement provide that the lessee or contracting party shall maintain the industrial development facility and carry all proper insurance with respect thereto, the estimated cost of maintaining the industrial facility in good repair and keeping it properly insured.
[50-2716, added 1982, ch. 119, sec. 1, p. 335.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 50-2716
What does Idaho Statutes § 50-2716 cover?
Section 50-2716 ("Determination of rent") 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 § 50-2716?
A common citation format is "Idaho Statutes § 50-2716" (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 § 50-2716 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.