If the board is denied the right to issue bonds as a result of remonstrance proceedings or an election on a local public question held under IC 6-1.1-20-3.6 :

1. (1) all contracts let by the board for work to be paid from the sale of bonds are void; and

2. (2) no liability accrues to the district or to the board.

   [Pre-1995 Recodification Citation: 13-3-3-90.]

As added by P.L.1-1995, SEC.26. Amended by P.L.146-2008, SEC.430.