§ 11-14-304.5. Recital in bonds -- Incontestability.

Latest version.

(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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