Idaho State Treasurer's Office
Debt Management

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.


Important Notice

The State Treasurer’s Office has determined that legislative changes to the Idaho School Bond Guarantee Act and the statutes governing the Endowment Fund Investment Board are necessary to clarify the guaranty provided by the Public School Endowment.

The Program is unable to guaranty school bonds until the clarifications are in place. The Treasurer’s Office expects to resume the program following the 2009 Idaho Legislative Session.