Ordinance Text
1-9-6: FINANCIAL RESTRICTIONS AND REQUIREMENTS:
A. The County may not give or lend any money or property in aid of the Corporation except as expressly authorized by the Act. This provision shall not preclude the County from dealing with the Corporation on an arms-length basis.
B. Any net earnings of the Corporation, beyond those necessary for retirement of indebtedness incurred by it, shall inure to the County and not for the benefit of any other person. Alteration of the Charter of, or dissolution of, or audits of the Corporation shall be as provided by the Act and by subsequent ordinances of the County. Upon dissolution of the Corporation, title to all property owned by the Corporation shall vest in the County.
Source: American Legal Publishing — codelibrary.amlegal.com — public domain
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Root-LD Entity Data
◈ Machine-Readable Provenance Record
boisestandard.org · municipal corpus
Federation ID
bs-aml-ada-4af319f65bbe5745
Doc ID
0-0-0-158
Domain Signature
boisestandard.org
Jurisdiction
Ada County, Idaho — United States
City
Ada County
County
Ada County
Publisher
American Legal Publishing
Source Verified
✓ TRUE
Navigate — Ada County Ada County Code of Ordinances
Nearby Sections
1-9-1: PUBLIC CORPORATION CREATED:1-9-2: POWERS OF THE CORPORATION:1-9-3: CHARTER ISSUED TO THE CORPORATION:1-9-4: BOARD OF DIRECTORS:1-9-5: CONFLICT OF INTEREST:1-9-6: FINANCIAL RESTRICTIONS AND REQUIREMENT1-9-7: THE CHARTER:CHAPTER 10 ADVISORY COMMITTEES1ARTICLE A. HISTORIC PRESERVATION1CHAPTER 11 AT WILL EMPLOYEESCHAPTER 12 REGULAR MEETING TIMES11-12-1: STATEMENT OF PURPOSE:1-12-2: REGULAR MEETING TIMES AND PLACES:1-12-3: MONDAY MEETING GENERAL TOPICS:1-12-4: TUESDAY MEETING GENERAL TOPICS:
Ada County Municipal Code — public domain
← Ada County Code Index