SB0086S03 | Local Government Bonds Amendments

Description
General Description: 

This bill modifies provisions relating to local government bonds.

Highlighted Provisions: 

This bill will prohibit local governmental agencies (School Boards) from using lease revenue bonds unless they are building a prison.

Bill Details
Year: 
2024
Status: 
Governor Signed
Last Action: 
Mar 20, 2024
Sponsor
Senator
Republican - District 17
Fiscal Note
Fiscal Note Amount: 
$0
None
Utah PTA Response
Utah PTA Position
Oppose
Utah PTA Resolution: 
Impact on Children: 

Removing the Lease Revenue Bond seriously curtails the ability of a local school board to meet building needs. Especially needs that may be sudden or unanticipated.

Commission: 
Education
Utah PTA Public Policy Program
National PTA and Utah PTA Resolutions: 

Resolved, That Utah PTA and its constituent associations continue to urge the legislature to make public education revenue allocations and funding effort a high priority