Validity of bonds; limitation on actions - 64 Pa. Cons. Stat. § 1524

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     § 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.

Last modified: November 27, 2007