Amends existing law to provide for a limitation on certain city lease or lease-purchase agreements.

This bill amends Idaho Code Section 50-301 to prevent city governments from in-debting future councils and taxpayers with long term lease debt for real property. No city shall be permitted to lease or lease-purchase in any agreement beyond five (5) years without a majority approval of the voters in an election. There is an exception for very minor lease purchases of less than $1,000.00 per year.