6-25-20. Publication of notice; validation; limitation of action.
100 words·~1 min read·
/nm/chapter-6-public-finances/article-25-statewide-economic-development/6-25-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. After adoption of a resolution authorizing issuance of economic development revolving fund bonds or project revenue bonds in accordance with the Statewide Economic Development Finance Act, the authority shall publish notice of the adoption of the resolution once in a newspaper of general statewide circulation.
B. After the passage of thirty days from the publication required by Subsection A of this section, any action attacking the validity of the proceedings taken by the authority preliminary to and in the authorization and issuance of the bonds described in the notice is perpetually barred.
History: Laws 2005, ch. 103, § 17.