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Senate urges Congress to raise Utah's private-activity bond cap to support affordable housing
Utah State Senate · February 6, 1998
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Summary
Senate adopted House Concurrent Resolution 1 asking Congress to lift Utah's $150 million private-activity bond cap (whose purchasing power has fallen to about $83 million) to increase capital available for affordable housing development; resolution passed and will be sent for signature and enrollment.
The Utah State Senate on Feb. 6 approved House Concurrent Resolution 1, which asks Congress to consider raising Utah's $150 million tax-exempt private-activity bond cap to better support affordable-housing finance.
Senator Montgomery, speaking for the resolution,…
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