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House approves bond-election transparency bill with delayed effective date
Utah House of Representatives · March 6, 2018
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Summary
On March 6, 2018 the House passed Senate Bill 122 as amended to require clearer disclosures and to limit local bond amounts to what voters authorize; the House adopted an amendment delaying the effective date to avoid disrupting bond processes already underway.
Representative McKay presented Senate Bill 122, saying the bill aligns local bonding practices with state standards to improve transparency so that voters’ authorized bond amounts are reflected in final financing. He said some financing vehicles could result in effective bond obligations substantially larger…
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