2006 Utah Code - 17A-3-241 — Validation of prior proceedings, bonds and warrants.

     17A-3-241.   Validation of prior proceedings, bonds and warrants.
     (1) All special improvement bonds or interim warrants issued by any governing entity prior to March 20, 1979, and all proceedings had in the authorization and issuance of them and all proceedings taken prior to or in connection with the levy of assessments out of which these bonds or warrants are payable or in the creation, maintenance, and use of the special improvement guaranty fund of the governing entity issuing these bonds or warrants are hereby validated, ratified, and confirmed; and these special improvement bonds or warrants are declared to constitute legally-binding obligations in accordance with their terms, and all such assessments are declared to be legal and valid assessments. Nothing in this section shall be construed to affect or validate any bonds, warrants, assessments, or special improvement guaranty fund, the legality of which is being contested at the time this part takes effect.
     (2) This part shall apply to all assessments levied and to all special improvement bonds and interim warrants issued after March 20, 1979, even though proceedings prior to the levy or issue were taken under the provisions of a law repealed by this part; and these proceedings are validated, ratified, and confirmed, subject to question only as provided in Section 17A-3-229. This part shall not affect or invalidate any improvement district bonds or warrants issued and outstanding under a law repealed by this part.

Renumbered and Amended by Chapter 186, 1990 General Session