Bingham County dissolves its Industrial Development Corporation under state code
The Board adopted Ordinance 2024-07 dissolving the Industrial Development Corporation of Bingham County and ordered any remaining funds transferred to the establishing municipality under Idaho Code §50-2703; commissioners said the corporation had been inactive since 2013.
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At the Oct. 15 session the Board adopted Ordinance 2024-07 formally dissolving the Industrial Development Corporation of Bingham County, created in 1984. County staff said the public corporation had not met since 2013 and Idaho Code requires transfer or payment of any remaining funds to the creating municipality when a public corporation is dissolved.
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