PROCEDURE PRIOR TO FINANCING BUILDING DEVELOPMENTS OR BUILDING PROJECTS.

67-6410. Procedure prior to financing building developments or building projects. Notwithstanding any other provision of this act, the authority is not empowered to finance any facility pursuant to section 67-6409, Idaho Code, unless: (a) Prior approval by the legislature has been given by concurrent resolution authorizing a state body or community college district to have the authority provide a specific facility; (b) A state body or community college district has entered into an agreement with the authority for the authority to provide a facility; and (c) The authority finds that the building development or building project to be assisted pursuant to the provisions of this act, will be of public use and will provide a public benefit. History: [67-6410, added 1974, ch. 111, sec. 10, p. 1263; am. 1978, ch. 239, sec. 4, p. 515; am. 2003, ch. 349, sec. 3, p. 935.]