The Idaho School Bond Guaranty Act was created for the purpose of establishing a default avoidance program for voter-approved school bonds issued by Idaho public school districts. The Idaho State Treasurer, after determining eligibility, may issue a certificate of eligibility for the State’s guaranty, which shall be printed on the bonds and is good for the life of the bonds.

In addition, the program replaces the need for districts to spend thousands of dollars on bond insurance to assist a district in receiving a AAA rating on their bonds.

• Idaho Statutes
  • Idaho School Bond Guaranty Act
  
  
•  Idaho School Bond Guaranty Summary
  
  
• Forms
  •  Idaho School Bond Guaranty Request
  •  Idaho School Bond Guaranty Questionaire
  
  
• FAQs
  • Who is elgible to participate?
    • Any Idaho public school district
    
    
  • How much has been made available to Idaho public school districts for guaranty?
    • Under the Idaho School Bond Guaranty Act, $800,000,000 has been made available for guaranty
    
    
  • How much is currently available for guaranty?
    • Due to the popularity of this program, it is currently at capacity and no more funds are available for guaranty at this time.
    
    
  • How much is available for guaranty per school district?
    • On and after July 1, 2007, state school bond guarantees issued by the state of Idaho shall not exceed twenty million dollars ($20,000,000) in the aggregate per school district. Notwithstanding this maximum limit, bond guarantees exceeding the twenty million dollar ($20,000,000) limit prior to July 1, 2007, shall remain in effect. In the event school districts consolidate, the maximum state bond guarantee of the newly consolidated school district shall be the sum of the maximum limit of each school district participating in the consolidation. This new maximum limit shall also apply to bonds issued by the consolidated district after July 1, 2007.
    
    
  • What is the application process?
    • The school district's Superintendent or Board of Trustees member must complete the documents listed below and submit them to the Idaho State Treasurer's Office
    • After the Idaho State Treasurer's Office receives and processes the required documents, they are forwarded to the Department of Education
    • Upon review of the submitted documents, the Department of Education determines the eligibility of the school district according to the guidelines of the program
    • After approval is received from the Department of Education the Idaho State Treasurer's Office will issue a Certificate of Eligibility to the school district
    
    
  • What documents are needed for the application process?
    • Formal letter of request (listed above)
    • Questionnaire (listed above)
    • Three years of audited financial statements
  
  
• Submit Idaho School Bond Guaranty Comments or Questions