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House approves revenue bond authorization for university projects including Rice Stadium renovation
Summary
The House passed Senate Bill 25, authorizing revenue bonds to finance multiple higher-education projects (a USU research center, University of Utah biology building, a $12M west‑side expansion of Robert Rice Stadium, and a student center at College of Eastern Utah) after questions about repayment streams and operation-and-maintenance funding.
The Utah House on Feb. 15 passed Senate Bill 25, an enabling authorization allowing the State Board of Regents to issue revenue bonds to fund four higher‑education projects.
Sponsor’s case: Representative Bradshaw described the package as procedural authorization—required because the regents must have the legislature’s approval to sell revenue bonds. He listed four projects: a $6,000,000 human‑resources research center at Utah State University, a $21,000,000 biology research building at the University of Utah (supported by a $5,000,000 private gift), a $12,000,000 west‑side renovation at Robert Rice Stadium (adding 8,000 seats), and a $3,300,000 student center at the College of Eastern Utah. Bradshaw stressed that these are not requests…
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