HOUSE BILL 30
RS29966C3 / H0030
This bill amends Idaho Code Section 50-301 to prevent city governments from in-debting future councils and taxpayers with long term lease debt for real property. No city shall be permitted to lease or lease-purchase in any agreement beyond five (5) years without a majority approval of the voters in an election. There is an exception for very minor lease purchases of less than $1,000.00 per year.
There is no known impact or cost to the State General Budget. This bill only applies to cities governed by Idaho Code Section 50-301.
|Introduced, read first time, referred to JRA for Printing
|Reported Printed and Referred to Local Government