1. (a) The recodification act of the 2002 regular session of the general assembly does not affect:

   1. (1) any rights or liabilities accrued;
   2. (2) any penalties incurred;
   3. (3) any violations committed;
   4. (4) any proceedings begun;
   5. (5) any bonds, notes, loans, or other forms of indebtedness issued, incurred, or made;
   6. (6) any tax levies made or authorized;
   7. (7) any funds established;
   8. (8) any patents issued;
   9. (9) the validity, continuation, or termination of any contracts, easements, or leases executed;

   10. (10) the validity, continuation, scope, termination, suspension, or revocation of:

       1. (A) permits;
       2. (B) licenses;
       3. (C) certificates of registration;
       4. (D) grants of authority; or
       5. (E) limitations of authority; or

   11. (11) the validity of court decisions entered regarding the constitutionality of any provision of the prior property law;

       before the effective date of the recodification act of the 2002 regular session of the general assembly (July 1, 2002). Those rights, liabilities, penalties, offenses, proceedings, bonds, notes, loans, other forms of indebtedness, tax levies, funds, patents, contracts, leases, permits, licenses, certificates of registration, grants of authority, or limitations of authority continue and shall be imposed and enforced under prior property law as if the recodification act of the 2002 regular session of the general assembly had not been enacted.

2. (b) The recodification act of the 2002 regular session of the general assembly does not:

   1. (1) extend, or cause to expire, a permit, license, certificate of registration, or other grant or limitation of authority; or

   2. (2) in any way affect the validity, scope, or status of a license, permit, certificate of registration, or other grant or limitation of authority;

      issued under the prior property law.

3. (c) The recodification act of the 2002 regular session of the general assembly does not affect the revocation, limitation, or suspension of a permit, license, certificate of registration, or other grant or limitation of authority based in whole or in part on violations of the prior property law or the rules adopted under the prior property law.

   [2002 Recodification Citation: New.]

As added by P.L.2-2002, SEC.1.