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Utah House adopts short-term disaster loan program for flood-hit communities
Summary
The House passed House Bill 240 (disaster loan program) after adopting an amendment directing repaid loan funds into the state rainy-day fund; the bill passed 73-0 and was referred to the Senate. Local officials from St. George and Santa Clara thanked lawmakers for the support.
Representative Ron Bigelow urged the House to approve short-term bridge loans to local governments dealing with recent flood damage, and the chamber adopted an amendment to direct repaid loan proceeds into the state rainy-day fund before passing the bill unanimously.
"When the loan is repaid, the funds go into the rainy day fund," Representative Bigelow said while explaining Amendment No. 1, which was adopted after a brief motion and no recorded opposition. Bigelow said the loans are targeted narrowly to infrastructure needs and will be administered through Emergency…
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