Utah Code 63B-1a-701. Prior bonds validated — Exceptions
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All general obligation bonds and bond anticipation notes issued by the commission before February 14, 2003 and all proceedings had in the authorization and issuance of them are:
(1) validated, ratified, and confirmed; and
Terms Used In Utah Code 63B-1a-701
- Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) declared to constitute legally binding obligations in accordance with their terms.