10-1-111 - Existing indebtedness.
10-1-111. Existing indebtedness.
Any bond or other evidence of indebtedness issued under the provisions of any actrepealed by this act which is outstanding and unpaid as of July 1, 1977, shall be amortized andretired by taxation or revenue in the manner provided by the act under which such indebtednesswas incurred, notwithstanding repeal or change of the act.
Enacted by Chapter 48, 1977 General Session