§ 1524. Validity of bonds; limitation on actions.
(a) Presumption.--Bonds reciting in substance that they have been issued by the authority to accomplish the public purposes of this chapter shall be conclusively deemed in any suit, action or proceeding involving the validity or enforceability of the bonds or their security to have been issued for the public purposes of this chapter.
(b) Estoppel.--After issuance, bonds shall be conclusively presumed to be fully authorized and issued under the laws of this Commonwealth, and any person shall be estopped from questioning their validity, sale, execution or delivery by the authority.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 64 - PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS
Chapter 15 - Commonwealth Financing Authority
Section 1503 - Findings and declaration of policy
Section 1522 - Commonwealth taxation
Section 1523 - Federal taxation
Section 1524 - Validity of bonds; limitation on actions
Section 1525 - Provisions of bonds; trust agreements
Section 1526 - Validity of pledge
Section 1527 - Commonwealth pledges
Section 1528 - Bonds to be legal investments
Section 1529 - Rights and remedies of obligees
Section 1542 - Revolving loan program accounts
Section 1551 - Business in Our Sites Program
Section 1552 - First Industries Program
Section 1552.1 - Dairy Investment Program
Section 1553 - Second Stage Loan Program
Section 1554 - New Pennsylvania Venture Guarantee Program
Section 1555 - Building Pennsylvania Program
Section 1556 - Tax Increment Financing Guarantee Program
Section 1557 - New Pennsylvania Venture Capital Investment Program
Section 1558 - Water Supply and Wastewater Infrastructure Program