Idaho § 50-2801 - Definitions
Full text of Idaho Idaho Statutes § 50-2801 — Definitions, with citation guidance and answers to common questions.
§ 50-2801. Definitions
As used in sections 50-2801 through 50-2805 , Idaho Code:
(1) "Bond" means any obligation for which an allocation of the volume cap is required by the code.
(2) "Certificates" mean mortgage credit certificates described in section 25 of the code.
(3) "Code" means the Internal Revenue Code of 1986, as amended, and any related treasury regulations.
(4) "Executive order" means the executive order or other administrative action of the governor pursuant to section 50-2804 , Idaho Code, and any amendments thereto.
(5) "Governmental unit" means (i) any county, city or port district, (ii) any public corporation created pursuant to section 50-2703 , Idaho Code, or other entity acting on behalf of one or more counties, cities, or both, (iii) the state, or (iv) any other entity authorized to issue bonds.
(6) "Project" means the facility or facilities to be financed in whole or in part with the proceeds of the bonds, or a program in which the proceeds of the bonds are used directly or indirectly to finance loans to individuals for educational expenses.
(7) "State" means the state of Idaho, any of its agencies, and any of its institutions of higher education.
(8) "State ceiling" means the ceiling for the state as computed under section 146(d) of the code.
(9) "Volume cap" means the volume cap for the state as computed under section 146 of the code.
(10) "Year" means each calendar year beginning calendar year 1987.
[50-2801, added 1985, ch. 227, sec. 1, p. 543; am. 1988, ch. 303, sec. 1, p. 959.]
Frequently Asked Questions About Idaho § 50-2801
What does Idaho Statutes § 50-2801 cover?
Section 50-2801 ("Definitions") 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 § 50-2801?
A common citation format is "Idaho Statutes § 50-2801" (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 § 50-2801 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.