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House backs creation of state debt-review commission to vet bonding for public–private projects

Utah House of Representatives · January 24, 2022
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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