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House backs creation of state debt-review commission to vet bonding for public–private projects
Summary
Lawmakers approved a bill to create a state debt-review commission of financial experts to review certain state-related bonding, with an amendment limiting review to public–private partnerships that carry a state financial obligation; sponsors said the commission aims to protect Utah's AAA bond rating.
Representative Stankiewicz moved an amendment to limit the commission's review to public–private partnerships that include a state financial obligation; the amendment was adopted. "What this bill does is it creates a debt review commission which would be made up of financial experts who would review potential debt…
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