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