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House substitutes language for rainy-day fund repayment, defers repayment until debt service covered
Utah House of Representatives · March 6, 2002
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Summary
The House substituted the second substitute for Senate Bill 154, specifying that money drawn from the budgetary reserve (rainy-day) be repaid from future surpluses but not until debt service obligations are met, a change sponsored by Representative Way.
The House approved a substitution for Senate Bill 154 on Feb. 6 that changes how amounts taken from the state's budgetary reserve account (the 'rainy-day' fund) are repaid. Representative Way explained the second substitute would still…
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