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Senate approves constitutional amendment language to let state guarantee school district bonds

Utah Senate · February 5, 1996
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Summary

The Senate approved SJR 6, a resolution to amend the Utah Constitution to permit limited state guarantees of local school district debt and included intent language describing reimbursement and an intercept mechanism for operating funds; the measure was sent to the House.

The Utah Senate approved SJR 6, a joint resolution proposing a constitutional amendment to authorize limited state guarantees of local school district general-obligation bonds.

Senator Hilliard explained that the amendment is intended to remove constitutional limitations that could impede the state from guaranteeing school district debt on a limited, voluntary basis. He said the mechanism would allow the state to provide its…

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