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House circles House Bill 147 after debate over 10% surplus allocation to water revolving funds
Summary
Lawmakers debated House Bill 147, which would appropriate 10% of an annual surplus (after rainy‑day requirements) into a restricted water/wastewater revolving account with a $10 million cap to loan funds to municipalities; sponsors agreed to circle the bill to clarify statutory language about coordination with the rainy‑day fund.
House Bill 147, presented Feb. 17 in the Utah House, proposes a new mechanism to channel part of any state general‑fund surplus into four revolving funds for water and wastewater projects.
Sponsor Representative Olsen explained that federal changes have constrained the state's ability to issue bonds for water infrastructure. HB147 would direct 10% of any surplus (after satisfying rainy‑day fund transfers) into a restricted account capped at $10,000,000; funds from that account could be appropriated to four named revolving funds that loan to…
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