17C-1-504 - Contesting the legality of resolution authorizing bonds -- Time limit -- Presumption. - Utah Statutes

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 thebonds or any provisions for the security and payment of the bonds for a period of 30 days after:
(a) publication of the resolution authorizing the bonds; or
(b) publication of a notice of bonds containing substantially the items required underSubsection 11-14-316(2).
(2) After the 30-day period under Subsection (1), no lawsuit or other proceeding may bebrought contesting the regularity, formality, or legality of the bonds for any reason.
(3) In a lawsuit or other proceeding involving the question of whether a bond issuedunder this part is valid or enforceable or involving the security for a bond, if a bond recites thatthe agency issued the bond in connection with an urban renewal, economic development, orcommunity development project:
(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 beenproperly formed, adopted, planned, located, and carried out in accordance with this title.

Renumbered and Amended by Chapter 359, 2006 General Session