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Senate advances change to distribution of Olympic special revenue fund
Utah State Senate · January 29, 2002
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Summary
Senate Bill 118, adjusting the population-based component of distribution from the Olympic special revenue fund so that funds follow current population rather than prior unincorporated boundaries, passed the Senate 19-8 and moves to the third-reading calendar.
Senate Bill 118, introduced by Senator Waddups, would change how monies set aside for Olympic activities are redistributed to taxing entities when TV and other related receipts are returned. Sponsor described a two-part formula for distribution (50% point-of-purchase, 50%…
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