Section 405 – Validity of prior bond issues.
11-14-405. Validity of prior bond issues. All bonds issued by any local political subdivision before May 1, 2006, and all proceedings had in the authorization and issuance of those bonds are hereby validated, ratified, and confirmed, and all those bonds are declared to constitute legally binding obligations in accordance with their terms. Nothing in this […]
Section 406 – Application of chapter.
11-14-406. Application of chapter. Sections 11-14-201, 11-14-202, 11-14-203, 11-14-204, 11-14-205, and 11-14-207 shall apply to all bond elections held by any local political subdivision and, except as otherwise provided in Section 11-14-402, by any other taxing district or governmental entity whether or not the bonds are issued under authority granted by this chapter. Amended by […]
Section 401 – Short title — Title to appear on face of bonds — Effect of future statutes dealing with municipal bond issues.
11-14-401. Short title — Title to appear on face of bonds — Effect of future statutes dealing with municipal bond issues. (1) This chapter is known as the “Local Government Bonding Act.” (2) All bonds issued pursuant to authority contained in this chapter shall contain on their face a recital to that effect, and no […]
Section 402 – Exemptions from application of chapter — Exception.
11-14-402. Exemptions from application of chapter — Exception. (1) Except as provided in Subsection (2), this chapter does not apply to bonds issued by the state of Utah nor to bonds or obligations payable solely from special assessments levied on benefited property. (2) Sections 11-14-303 and 11-14-501 have general application in accordance with their terms. […]
Section 403 – Conflict of laws.
11-14-403. Conflict of laws. To the extent that any one or more provisions of this chapter shall be in conflict with any other law or laws, the provisions of this chapter shall be controlling. Renumbered and Amended by Chapter 105, 2005 General Session
Section 404 – Severability clause.
11-14-404. Severability clause. If any one or more sentences, clauses, phrases, provisions or sections of this chapter or the application thereof to any set of circumstances shall be held by final judgment of any court of competent jurisdiction to be invalid, the remaining sentences, clauses, phrases, provisions and sections hereof and the application of this […]