63B-11-513 - Certification of satisfaction of conditions precedent -- Conclusiveness.
63B-11-513. Certification of satisfaction of conditions precedent -- Conclusiveness.
(1) The commission may not issue any bond under this chapter until it finds and certifiesthat all conditions precedent to issuance of the bonds have been satisfied.
(2) A recital on any bond of this finding and certification conclusively establishes thecompletion and satisfaction of all such conditions.
Enacted by Chapter 266, 2002 General Session