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Cities, Counties, and Local Taxing Units | |
Local Government Bonding Act | |
Section 304.5 | Recital in bonds -- Incontestability. |
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11-14-304.5. Recital in bonds -- Incontestability. (1) In the resolution authorizing bonds to be issued as provided in this chapter or other applicable law, a local political subdivision may require that the bonds recite that they are issued under authority of this chapter or other applicable law. (2) (a) A bond recital as provided in Subsection (1) conclusively establishes full compliance with all the provisions of applicable law. (b) All bonds issued containing a recital as provided in Subsection (1) shall be incontestable for any reason after their delivery for value.
Enacted by Chapter 83, 2006 General Session |
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