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Idaho Code 70-1804 - Revenue Bonds -- Sources Of Payment -- Sinking Funds -- Negotiable Instruments

 

Idaho Code > Title 70 > Chapter 18 > § 70-1804 - Revenue Bonds -- Sources Of Payment -- Sinking Funds -- Negotiable Instruments


Current as of: 2010
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     Bonds issued under the provisions of this act shall be payable solely out of revenues of the port district other than those revenues derived from ad valorem taxes. Such bonds shall be authorized by resolution of the port commission, which resolution shall create a special fund or funds into which the port commission shall obligate and bind the port district to set aside and pay any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the gross revenue of the port district sufficient to pay the principal of and interest on such bonds as the same shall become due and, if deemed necessary, to maintain adequate reserves therefor. Such fund or funds shall be drawn upon for the sole purpose of paying the principal of and interest on bonds issued pursuant to this act.

      The bonds shall be negotiable instruments within the provisions and intent of the laws of this state even though they shall be payable solely from such special fund or funds, and the ad valorem tax revenue of the port district may not be used to pay, secure or guarantee the payment of the principal of an interest on such bonds. The bonds and any coupons attached thereto shall state upon their face that they are payable solely from such special fund or funds. If the port commission fails to set aside and pay into such fund or funds the payment provided for in such resolution, the holder of any such bonds may bring suit to compel compliance with the provisions of the resolution.

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Questions & Answers: Harbors and Ports

This is actually 33 USC 902. ...

Idaho Laws: Harbors and Ports

Idaho Code Title 70 > Chapter 11 - Port Districts -- Formation -- Annexation -- Disincorporation
Idaho Code Title 70 > Chapter 12 - Port Districts -- Election Of Port Commissioners
Idaho Code Title 70 > Chapter 13 - Port Districts -- Revision Of Commissioner Districts
Idaho Code Title 70 > Chapter 14 - Port Districts -- Commissions In General
Idaho Code Title 70 > Chapter 15 - Port Districts -- Powers
Idaho Code Title 70 > Chapter 16 - Port Districts -- Further Powers And Procedures -- Harbor Improvement Plans
Idaho Code Title 70 > Chapter 17 - Port Districts -- Budget And Fiscal Matters
Idaho Code Title 70 > Chapter 18 - Port Districts -- Revenue Bonds And Warrants
Idaho Code Title 70 > Chapter 19 - Industrial Development Districts In Port Districts
Idaho Code Title 70 > Chapter 20 - Port Districts -- Miscellaneous Provisions
Idaho Code Title 70 > Chapter 21 - Idaho Port District Economic Development Financing Act

U.S. Code Provisions: Harbors and Ports

U.S. Code > Title 6 > Chapter 3 - Security And Accountability For Every Port
U.S. Code Title 46 > Subtitle VII > Chapter 701 - Port Security
U.S. Code > Title 33 > Chapter 3 - Navigation Rules For Harbors, Rivers, And Inland Waters Generally
U.S. Code Title 33 > Chapter 9 > Subchapter III - New York Harbor, Harbor Of Hampton Roads, And Harbor Of Baltimore
U.S. Code > Title 33 > Chapter 10 - Anchorage Grounds And Harbor Regulations Generally
U.S. Code > Title 33 > Chapter 12 - River And Harbor Improvements Generally
U.S. Code > Title 33 > Chapter 18 - Longshore And Harbor Workers' Compensation
U.S. Code > Title 33 > Chapter 25 - Ports And Waterways Safety Program
U.S. Code > Title 33 > Chapter 29 - Deepwater Ports
U.S. Code Title 33 > Chapter 36 > Subchapter II - Harbor Development

Federal Regulations: Harbors and Ports

U.S. Code > Title 6 > Chapter 3 - Security And Accountability For Every Port
U.S. Code Title 46 > Subtitle VII > Chapter 701 - Port Security
U.S. Code > Title 33 > Chapter 3 - Navigation Rules For Harbors, Rivers, And Inland Waters Generally
U.S. Code Title 33 > Chapter 9 > Subchapter III - New York Harbor, Harbor Of Hampton Roads, And Harbor Of Baltimore
U.S. Code > Title 33 > Chapter 10 - Anchorage Grounds And Harbor Regulations Generally
U.S. Code > Title 33 > Chapter 12 - River And Harbor Improvements Generally
U.S. Code > Title 33 > Chapter 18 - Longshore And Harbor Workers' Compensation
U.S. Code > Title 33 > Chapter 25 - Ports And Waterways Safety Program
U.S. Code > Title 33 > Chapter 29 - Deepwater Ports
U.S. Code Title 33 > Chapter 36 > Subchapter II - Harbor Development
 

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