The bill amends several sections of the Idaho Code concerning the formation and operation of Community Infrastructure Districts (CIDs). It clarifies that a CID can only be established by a city within its incorporated area, with the consent of the city by a county, or when the district lies outside a city's comprehensive plan. A new section is introduced to allow districts formed after January 1, 2026, to impose fees for fire protection and emergency medical services, detailing the fee's duration and disclosure requirements. Additionally, the bill revises the maximum indebtedness for CIDs to nine percent of the taxable real property value within the district and introduces the term "discharge date," marking when no further payments are due on outstanding bonds.

The bill also makes technical corrections and clarifications regarding the issuance of bonds, including their terms, interest rates, and election processes for bond issuance. It specifies that bonds issued after July 1, 2026, will be automatically discharged 40 years post-issuance, regardless of outstanding amounts. The district board is tasked with determining election dates and polling places, while a two-thirds majority is required for bond issuance or tax changes. Overall, these amendments aim to enhance the financing processes for community infrastructure while ensuring transparency and accountability in fund management.

Statutes affected:
Bill Text: 50-3101, 50-3102, 50-3108, 50-3111, 50-3112