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House narrows Olympic financing and authorizes bond to aid University housing
Summary
The House passed SJR 14 narrowing a previously authorized line of credit for Olympic financing to $170 million, set a $40 million legacy fund repayment deadline unless collateral is provided, and authorized a $28 million state bond to allow the University of Utah to begin Olympic housing construction.
The Utah House on March 4 voted to approve Senate Joint Resolution 14, which narrows the legislature’s previous authorization for Olympic financing and sets conditions intended to allow early construction of Olympic housing at the University of Utah.
Sponsor remarks explain that SJR 14 reduces a previously authorized line of credit from $200 million to $170…
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