The holder or owner of any local improvement bond or warrant shall have no claim thereon against the municipality by which the same is issued, except to the extent of the funds created and received by assessments against the property within any local improvement district and to the extent of his pro rata share of any “Local Improvement Guarantee Fund,” authorized and created under the provisions of this code.
Idaho Code § 50-1767
Bonds and warrants — Revenues from which payable
Known as the Local Improvement District Code
The act spans §§ 50-1701 to 50-1772 (62 sections).
1967, ch. 429, § 352, p. 1249.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.