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Duchesne County holds public hearing on private-activity bonds for Uinta Basin Railway
Summary
The Duchesne County Commission hosted a public hearing on a proposed allocation of private-activity bonds to finance the Uinta Basin Railway. No vote on bond issuance was taken; public commenters and a written letter from the state office expressed strong support for the project.
Duchesne County commissioners on Thursday held a public hearing to receive testimony on a proposed allocation of private-activity bonds to finance the Uinta Basin Railway, a project sponsored by the Seventh County Infrastructure Coalition. No action on the bond issuance was taken at the meeting.
Bond counsel Tim Stratton told the commission the hearing satisfies requirements under IRS tax regulations for issuance of tax-exempt private-activity bonds and that Duchesne County, as a host county, must hold a public hearing. "This hearing that we are having here today is one of a couple of public hearings that we have to have in order for the coalition to issue its bonds," Stratton said.
The hearing drew several speakers who spoke in favor of the railway. Irene Hansen, who…
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