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Code · Utah · Title 11 — Cities, Counties, and Local Taxing Units · Chapter 42

11-42-706. Validation of prior guaranty fund or reserve fund proceedings.

77 words·~1 min read·/ut/title-11/chapter-42/11-42-706

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11-42-706. Validation of prior guaranty fund or reserve fund proceedings.
(1)Subject to Subsection
(2), all proceedings before April 30, 2007 related to the creation, maintenance, and use of a guaranty fund or reserve fund are validated, ratified, and confirmed.
(2)Nothing in this section may be construed to affect the validity of a guaranty fund or reserve fund whose legality is being contested on April 30, 2007.
Enacted by Chapter 329 , 2007 General Session
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