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2018 Pennsylvania Consolidated Statutes
Title 64 - PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS
Chapter 15 - Commonwealth Financing Authority
Section 1524 - Validity of bonds; limitation on actions
Universal Citation: 64 PA Cons Stat § 1524 (2018)
§ 1524. Validity of bonds; limitation on actions.
(a) Presumption.--Bonds reciting in substance that they have been issued by the authority to accomplish the public purposes of this chapter shall be conclusively deemed in any suit, action or proceeding involving the validity or enforceability of the bonds or their security to have been issued for the public purposes of this chapter.
(b) Estoppel.--After issuance, bonds shall be conclusively presumed to be fully authorized and issued under the laws of this Commonwealth, and any person shall be estopped from questioning their validity, sale, execution or delivery by the authority.
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