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House approves interlocal change to allow new ownership for a third Intermountain Power unit

Utah House of Representatives · March 6, 2002
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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