Terms Used In Idaho Code 67-8715

  • Bonds: means bonds, notes or other obligations of the authority issued under this chapter. See Idaho Code 67-8702
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Municipality: means any county, city, municipal corporation, school district, irrigation district, sewer district, water district, highway district or other special purpose district or political subdivision of the state established by law. See Idaho Code 67-8702
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Trustee: A person or institution holding and administering property in trust.
All property of the authority is exempt from levy and sale by virtue of an execution. No execution or other judicial process may issue against the property of the authority, and a judgment against the authority may not be a charge or lien upon its property; provided however, this section shall not apply to nor limit the rights of a holder of bonds or a trustee on behalf of the holder to pursue a remedy for the enforcement of a pledge, lien or covenant given by the authority or a municipality.