Title 63B Chapter 3 Section 113

Bonds
1994 Bonding
Section 113
Certification of satisfaction of conditions precedent -- Conclusiveness.

            

63B-3-113.   Certification of satisfaction of conditions precedent -- Conclusiveness.

            (1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied.

            (2) A recital on any bond of this finding and certification conclusively establishes the completion and satisfaction of all conditions precedent.


Enacted by Chapter 300, 1994 General Session