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Senate considers cleanup bill allowing GoED to honor two pre-existing contracts
Summary
Senator Filmore presented House Bill 54 to reinsert code language permitting the Governor's Office of Economic Development to make cash payments required under two existing contracts removed during 2015 recodification; sponsor framed it as a cleanup to preserve contractual obligations.
Senator Filmore explained that House Bill 54 is a cleanup measure from the Economic Development and Workforce Services Committee that reinserts language in the revised code to authorize the Governor's Office of Economic Development (GoED) to continue making cash payments required by two existing contracts.
Filmore outlined the background: Utah previously used cash payments as economic incentives; in February 2008 the state shifted incentives to tax rebates and tax credits, and in 2015 recodification language authorizing cash payments was removed. Two entities remain under contracts that require GoED to issue cash payments, and HB 54 restores the statutory language so those contractual obligations may be honored.
The sponsor framed the bill as narrowly targeted to honor existing contractual commitments rather than creating a new incentive program. He offered to answer questions and then moved for third reading, which the Senate proceeded to consider by roll call.
The Senate handled the bill under the second-reading calendar and processed the third-reading motion as part of the floor proceedings.
