Utah Statutes
§ 11-42-706 — Validation of prior guaranty fund or reserve fund proceedings.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-42 Assessment Area Act·Part 11-42-7 Guaranty and Reserve Funds
(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.
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Legislative History
Enacted by Chapter 329, 2007 General Session
Nearby Sections
15
§ 11-1-4
Sinking fund -- Investment.§ 11-1-6
Violation of act a misdemeanor.§ 11-10-2
Qualifications of licensee.§ 11-10-3
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Title.§ 11-13-102
Purpose of chapter.§ 11-13-103
Definitions.