Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate advances school-bond guarantee package and companion constitutional amendment
Summary
Senate Substitute Bill 65 (state guarantee to raise school bond ratings) and SJR 6 (constitutional amendment to authorize guarantees) moved forward on Feb. 2, 1996; sponsors said the program could reduce borrowing costs for local districts and must be approved by voters if SJR 6 clears both chambers.
The Utah Senate advanced a package intended to help school districts lower borrowing costs by allowing the state’s credit to guarantee district bonds, moving both Substitute Senate Bill 65 and the companion constitutional-resolution SJR 6 to the third-reading calendar.
Senator Lyle Hilliard told senators that the program allows school districts to opt into a state credit enhancement…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
