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House advances pilot allowing universities to develop certain university-owned land to raise revenue
Summary
Lawmakers advanced SB 129, a pilot program to let institutions create Higher Education Development Areas on university-owned land (limited to 75 acres) to generate revenue through public–private development with guardrails including trustee approval, conflict-of-interest limits and reporting requirements.
The House advanced third substitute SB 129, a bill creating a limited pilot that would allow Utah higher-education institutions to develop specified university-owned land as Higher Education Development Areas.
Representative Steve Eliason, the House sponsor, said the proposal is intended to give universities a tool to…
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