63B-1-321 - Validation of prior obligations.
63B-1-321. Validation of prior obligations.
All obligations issued by the authority before the effective date of this part and allproceedings had in the authorization and issuance of these obligations and all agreements withrespect to them and the security for them are:
(1) validated, ratified, and confirmed; and
(2) all these obligations, agreements, and security are declared to constitute legallybinding obligations of the authority and all state bodies relating to them in accordance with theirterms.
Renumbered and Amended by Chapter 86, 2003 General Session