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House approves measure to reactivate Utah Energy Infrastructure Authority; sponsor says bonds are not state-backed
Summary
The House uncircled and passed House Bill 86 to enable the Utah Energy Infrastructure Authority to help small municipalities issue and manage authority bonds; sponsor said the bonds are not general-obligation and do not place the state on the hook. Vote: 67-2.
The Utah House on the floor uncircled and passed House Bill 86, a measure to facilitate use of the Utah Energy Infrastructure Authority to help smaller municipalities finance energy delivery projects, after a floor explanation from the sponsor, Representative Barris.
Representative Barris told colleagues the authority issues "authority bonds" and emphasized that "they are not general obligation bonds" and "are not backed by…
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