2006 Utah Code - 11-14-316 — Publication of notice, resolution, or other proceeding -- Contest.

     11-14-316.   Publication of notice, resolution, or other proceeding -- Contest.
     (1) The governing body of any local political subdivision may provide for the publication of any resolution or other proceeding adopted under this chapter in a newspaper having general circulation in the local political subdivision.
     (2) When publication involves a resolution or other proceeding providing for the issuance of bonds, the governing body may, in lieu of publishing the entire resolution or other proceeding, publish a notice of bonds to be issued, titled as such, containing:
     (a) the name of the issuer;
     (b) the purpose of the issue;
     (c) the type of bonds and the maximum principal amount which may be issued;
     (d) the maximum number of years over which the bonds may mature;
     (e) the maximum interest rate which the bonds may bear, if any;
     (f) the maximum discount from par, expressed as a percentage of principal amount, at which the bonds may be sold; and
     (g) the times and place where a copy of the resolution or other proceeding may be examined, which shall be:
     (i) at an office of the issuer;
     (ii) identified in the notice;
     (iii) during regular business hours of the issuer as described in the notice; and
     (iv) for a period of at least 30 days after the publication of the notice.
     (3) For a period of 30 days after the publication, any person in interest may contest:
     (a) the legality of such resolution or proceeding;
     (b) any bonds which may be authorized by such resolution or proceeding; or
     (c) any provisions made for the security and payment of the bonds.
     (4) A person shall contest the matters set forth in Subsection (3) by filing a verified written complaint in the district court of the county in which he resides within the 30-day period.
     (5) After the 30-day period, no person may contest the regularity, formality, or legality of the resolution or proceeding for any reason.

Amended by Chapter 83, 2006 General Session