School bond and tax elections in Idaho
- 1 Laws affecting school finance
- 2 Conduct of election, rules, limitation
- 3 Required notice of election
- 4 See also
- 5 External links
- 6 References
- To issue new bonding
- To exceed the state's debt limit
Laws affecting school finance
Idaho bond issue law
Idaho requires a bond referendum in order to issue new bonding. Bonds can be used for:
- For the acquisition, purchase or improvements to one or more school buildings.
- To build new schools and other facilities.
- To remove and demolish old school facilities.
- To repair and re-model existing facilities.
- For furnishing and equipping of buildings including lighting, heating, cooling, and ventilation (HVAC), boilers, etc.
Regular school districts cannot have bonds that exceed more than five percent of the district's debt valuation while special districts are limited to two percent.
Bonds must be sold in denominations from $100 to $100,000, with a maturity of twenty years. Interest must be paid semi-annually, while there is no requirement if a bond has to be sold at, above, or par value. The school districts are responsible to make sure bonds do not default.
Idaho debt limit
Conduct of election, rules, limitation
Authority conducting elections
The respective county clerk is responsible for conducting local school bond and tax elections.
Elections can be held normally during a statewide primary or general election which can be held during the First Tuesday after the first Monday in November and the fourth Tuesday in May every two even numbered years.
A two-thirds super-majority vote is required to pass an election involving the state's debt limit.
There are no restrictions for special elections held for bond issue or debt limit elections.
Wording of measures
Under Idaho law, all ballot measures must end in "Yes" or "No," be clear and concise, and not confuse other ballot measures.
As of 2012, any entity submitting bonds to the electorate must provide a statement of the bond's intended use on the ballot. The statement must also include the anticipated interest rate on the proposed bonds, the total amount to be repaid over the life of the bonds, the length of time in which the bonds will be paid off, and the total existing indebtedness of the taxing district.
Required notice of election
- Voting on school bond and tax measures
- Where to find information about local school bond and tax elections
- School bond election
- Approval rates of local school bond and tax elections
- Idaho Legislature, "Idaho Bond Issue Law" (Referenced Statute 33-1102)
- Idaho Legislature, "Idaho Bond Issue Law" (Referenced Statute 33-1103(3))
- Idaho Legislature, "Idaho Bond Issue Law" (Referenced Statute 33-1107)
- Idaho Legislature, "Idaho Bond Issue Law" (Referenced Statute 33-1115)
- Idaho Legislature, "Idaho Constitution"(Referenced Section Article VIII, Section 3)
- Idaho Legislature, "Idaho Election Law"(Referenced Statute 34-108)
- Idaho Legislature, "Idaho Election Law"(Referenced Statute 34-601(1)-(2))
- Idaho Legislature, "Idaho Election Law(Referenced Statute 34-103)
- Idaho Legislature, "Idaho Election Law"(Referenced Statute 34-1810(1))
- Idaho House Bill 452 (2012)
- Idaho Legislature, "Idaho Election Law"(Referenced Statute 34-602)
- Idaho Legislature, "Idaho Election Law"(Referenced Statute 33-402(2))