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Salt Lake County municipal board adopts bond reimbursement intent resolution
Summary
The Salt Lake County Municipal Building Authority approved a resolution stating the boards intent to reimburse itself for future bond-financed costs, a tax-code compliance measure that does not authorize bond issuance.
The Salt Lake County Municipal Building Authority voted Tuesday to approve a resolution stating the board—s official intent to reimburse itself for certain expenditures if bonds are later issued.
Darren Casper, the presenter, told the authority the resolution "only states the board's official intent that if bonds are issued, that they will they intend to reimburse themselves. It's a tax code regulation." The…
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