Bill > H0626

This bill amends existing law to revise the requirements for official statements in elections authorizing bonded indebtedness. The key provisions include: (1) requiring the official statement to include details such as the purpose of the bonds, anticipated interest rate, total amount to be repaid, estimated average annual cost to the taxpayer, and the length of time the bonds will be paid off; (2) providing a formula for calculating the estimated average annual cost to the taxpayer based on the bond total, duration, and total taxable value for the taxing district; and (3) mandating that the official statement be included on the ballot and in the official notice of the election.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2018/legislation/H0626/