Idaho State Statutes - Idaho Attorney Directory

EFFECT OF DETACHMENT OF TERRITORY -- APPORTIONMENT OF
INDEBTEDNESS. The detachment of territory from the district shall be deemed to
relate only to the operations of the district subsequent to the order of
detachment. Territory detached and all taxable property in that territory
shall be and remain liable for the proportionate share of all bonded, warrant,
and other indebtedness incurred by the district prior to the time of
detachment. The proportionate share of the indebtedness of the district
incurred prior to the order of detachment to be borne by the detached
territory is hereby established and shall be determined and computed as
follows:
(1) The highway district commissioners shall, at the meeting at which an
order of detachment is made, compute the total aggregate market value for
assessment purposes of the property within the district for the preceding
year, and shall separately compute the total aggregate market value for
assessment purposes for the preceding year of all the property within the
territory detached from the district.
(2) The highway district commissioners shall compute and determine as of
the date of the order of detachment the cash and solvent credits owing to the
district and the value of the highway equipment and other personal property
owned by it at the time of the detachment of territory, all of which property
shall be retained by the district.
(3) The proportion of the outstanding indebtedness of the district
incurred prior to the withdrawal of territory for which the withdrawn
territory shall be and remain liable is the proportion that the aggregate
market value for assessment purposes of the property within the withdrawn
territory bears to the market value for assessment purposes of the property
within the entire highway district as shown by the assessment rolls of the
preceding year, less credit for the proportionate share or interest of the
withdrawn territory in the cash, solvent credits, and personal property of the
district, that share being based upon the proportion that the market value for
assessment purposes of the property within the detached territory for the
preceding year bears to the market value for assessment purposes of the total
property within the entire district for the year.

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