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Senate approves $1 billion transportation bonding authority and criteria for project selection

Utah State Senate (2007 Utah Legislature) · February 27, 2007
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Summary

The Senate adopted a second substitute to House Bill 314 authorizing up to $1 billion in state bonding for critical highway projects, creating a Critical Highway Needs Fund and adding criteria (including alternative routes to I‑15 reconstruction); the measure passed after an amendment to prioritize critical alternative routes.

The Utah Senate on Feb. 27 approved a major transportation funding measure that authorizes up to $1 billion in bonding for highway projects and creates a new Critical Highway Needs Fund.

Senator Kilpack (floor sponsor) described the second substitute to House Bill 314 as establishing a revenue account into which $90 million of certain tax revenue would be deposited and used as a dedicated source to back up to $1 billion in project bonds. "What this bill does is it creates a revenue account, the Critical Highway Needs Fund,…

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