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Duchesne County closes public hearing after broad local support for Uinta Basin Railway bond request
Summary
Duchesne County held a public hearing on a request to allocate private activity bonds for the Uinta Basin Railway. Dozens of local officials, residents and a state lands office letter urged support; commissioners closed the hearing and will consider formal approval at a later meeting.
Duchesne County commissioners held a public hearing to gather comment on a request to allocate private activity bonds to help finance the Uinta Basin Railway, and after several public statements in favor of the project the commission closed the hearing without taking action.
Tim Stratton, bond counsel for the Seventh County Infrastructure Coalition, told the commission the hearing fulfilled a public-notice requirement in IRS tax regulations for tax-exempt private activity bonds and that “No action is taken today.” He confirmed published notices met IRS requirements and said the county would be asked to approve the bond issuance at a subsequent meeting.
Why it matters: supporters say the railway would reduce long-haul truck traffic, expand markets for regional agriculture and natural-resource…
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