The determination of the board that the limitations under this part 13 imposed upon the issuance of refunding bonds have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion.
Source: L. 81: Entire article R&RE, p. 1610, § 1, effective July 1.
Editor's note: This section is similar to former § 32-1-906 as it existed prior to 1981.