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House amends and approves Disability Center Trust Fund bill to allow leases and rents as income

Utah House of Representatives · February 5, 1998
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Summary

After amendment, the House passed HB251 to preserve trust principal while allowing income from leases, rents and fees at the disability center to be used to help people with disabilities; the bill passed 40-25. Supporters said the change protects property while enabling revenue streams for programs; opponents warned of future funding limits for capital projects.

Representative Davis brought House Bill 251 back from being uncircled and explained the bill’s goal: preserve principal of assets from the developmental center while allowing income streams to be used to benefit people with disabilities. Representative Valentine moved an amendment to explicitly include leases from real property and water rights as permissible income; the amendment passed.

Representative Robert David opposed the bill on fiscal-policy grounds, noting the fiscal note restricts appropriations to interest only and that future capital projects may need additional appropriations if principal is protected. Representative Hayman supported the bill, saying the legislature could approve use of principal for capital projects if needed.

After summations, voting closed: HB251 received 40 yes votes and 25 no votes and passed the House. The bill will be forwarded to the Senate for consideration.