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House approves SB5 to allow revenue bonds for campus facilities; sponsor says projects repaid from rents
Summary
The House passed SB5, a revenue bond and capital facilities authorization, after the House sponsor described bonds as repaid from project revenues. Representative Stephen Clark said University of Utah housing and a neuropsychiatric institute projects would be paid from rents; the bill passed 65‑7.
The Utah House on March 11 passed Senate Bill 5, a revenue bond and capital facilities authorization, after brief questions about how university projects included in the measure would be paid.
House sponsor Representative Stephen Clark said SB5 authorizes revenue bonds for approved projects that the state has not funded outright. "These are revenue bonds for the projects that are approved but not funded by the state," Clark said,…
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