State Codes and Statutes
Statutes > Idaho > Title50 > T50ch17 > T50ch17sect50-1772MUNICIPAL CORPORATIONS
CHAPTER 17
LOCAL IMPROVEMENT DISTRICT CODE -- GUARANTEE FUND
50-1772. Commercially reasonable credit assurances. If requested by the petitioners for a local improvement district, and in addition to or in lieu of a reserve or guarantee requirement, the council or other governing body of a governmental entity may impose such commercially reasonable credit assurances as it may deem necessary as a condition of approving a local improvement district. If commercially reasonable, such assurances may include guarantees, letters of credit or bonds in amounts up to the total amount of indebtedness.
