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Utah Senate backs resolution authorizing bonding plan for I‑15 South reconstruction
Summary
The Utah Senate passed Senate Concurrent Resolution 6 on March 4, 2008, authorizing a bonding framework under the Centennial Highway Fund to finance the I‑15 South reconstruction project, setting an upper bonding intent of about $1.849 billion and emphasizing safeguards for the state's AAA bond rating.
The Utah Senate on March 4 passed Senate Concurrent Resolution 6, a legislative authorization that directs the state and the Utah Department of Transportation to proceed with planning for a bonded reconstruction of I‑15 South under the Centennial Highway Fund financing framework. President Valentine, the resolution sponsor, said the measure follows the 1995 model used to fund large highway projects and reflected a Transportation Commission recommendation naming I‑15 South the next priority for major capacity improvements.
The chamber’s debate focused on financing scope…
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