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Senate approves $25 million loan program for Washington County flood recovery
Summary
The Utah Senate approved House Bill 240 on Jan. 30, 2005, a $25 million disaster loan program to help Washington County repair infrastructure after severe flooding; the measure passed under suspension of rules and passed the Senate for final passage.
The Utah Senate on Jan. 30 approved House Bill 240, a $25 million disaster loan program aimed at repairing public infrastructure in Washington County after recent floods.
Senator Hilliard, speaking as the bill's carrier in the Senate, said the package is intended to make low-interest loans to local governments for infrastructure repairs and to move aid quickly while federal assessments continue. "This is going to be a loan," Hilliard said, noting an interest rate of 2 percent and that the measure is structured to…
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