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Utah House boosts maintenance threshold, shifts to replacement-cost standard for capital facilities
Summary
The House passed House Bill 6 to increase maintenance funding for state buildings, raising the per-project threshold from $1,000,000 to $1,500,000, shifting valuation from insured value to replacement cost and raising a statutory percentage from 0.9% to 1.1%. Lawmakers said the change reallocates existing capital facilities funds to repairs rather than new construction.
SALT LAKE CITY — The Utah House approved legislation on the floor that increases the state’s maintenance threshold for capital projects and changes how building value is measured.
Representative Jerry A. Adair, sponsor of House Bill 6, told the chamber the bill raises a statutory percentage from 0.9% to 1.1%, increases a per-project threshold from $1,000,000 to $1,500,000 and replaces references to "insured value" with "replacement cost." "We're going to spend more money on taking care of our buildings before we build any new buildings," Adair said,…
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