§ 53A-18-103. Consolidated school district bonds.

Latest version.

(1)	A consolidated county school district may issue bonds, without an election, to fund, purchase, or redeem the district's outstanding indebtedness if the debt was incurred prior to consolidation and assumed by the consolidated school district.

(2)	The legality, regularity, and validity of the outstanding indebtedness shall be determined in the same manner used to determine the validity of other bonds to be refunded by the board.

Enacted by Chapter 2, 1988 General Session

                    
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