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House approves interlocal change to allow new ownership for a third Intermountain Power unit
Summary
Lawmakers considered first substitute Senate Bill 29 to amend the Interlocal Cooperation Act so a new taxable umbrella entity can be created for a proposed third unit of the Intermountain Power Project; sponsors said it preserves tax status for existing units and would yield construction and ongoing revenues.
Representative Styler explained the substitute to Senate Bill 29, describing a technical change to the Interlocal Cooperation Act to accommodate different ownership for a proposed third unit of the Intermountain Power Project. He said units 1 and 2 would remain taxable as required, while a new umbrella organization would be…
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