Utah Code § 17C-1-504

Current through the 2024 Fourth Special Session
Section 17C-1-504 - Contesting the legality of resolution authorizing bonds - Time limit - Presumption
(1) Any person may contest the legality of the resolution authorizing issuance of the bond or any provisions for the security and payment of the bond for a period of 30 days after:
(a) publication of the resolution authorizing the bond; or
(b) publication of a notice of bond containing substantially the items required under Subsection 11-14-316(2).
(2) After the 30-day period described in Subsection (1), no person may bring a lawsuit or other proceeding contesting the regularity, formality, or legality of the bond for any reason.
(3) In a lawsuit or other proceeding involving the question of whether a bond issued under this part is valid or enforceable or involving the security for a bond, if a bond recites that the agency issued the bond in connection with project area development:
(a) the bond shall be conclusively presumed to have been issued for that purpose; and
(b) the project area plan and project area shall be conclusively presumed to have been properly formed, adopted, planned, located, and implemented in accordance with this title.

Utah Code § 17C-1-504

Amended by Chapter 350, 2016 General Session ,§ 48, eff. 5/10/2016.
Renumbered and Amended by Chapter 359, 2006 General Session