Rep. Norm Thurston — Voting Record

Bill

Number

S.B. 9 (2019GS)

Sponsor

Sen. Cullimore, K. A.

Final action

Governor Signed 3/27/2019

Outcome

Became law — signed by Gov. Gary R. Herbert

Summary

What it does

• This bill:
• authorizes the State Building Ownership Authority to issue revenue bonds as follows:
• up to $10,091,100 in revenue bonds for the downtown liquor store relocation; and
• up to $14,000,000 in revenue bonds for constructing two liquor stores in the Taylorsville and West Valley City market areas;
• authorizes the Board of Regents to issue revenue bonds as follows:
• up to $40,000,000 for constructing the Kathryn F. Kirk Center for Comprehensive Cancer Care and Women's Cancers at the University of Utah;
• up to $80,000,000 for the Rice-Eccles Stadium South End Zone upgrade at the University of Utah;
• up to $41,600,000 for constructing the Mountain View Residence Hall replacement at Utah State University;
• up to $11,700,000 for constructing the east parking terrace at Utah State University;
• up to $37,700,000 for constructing the Space Dynamics Laboratory Research Building at Utah State University;
• up to $15,000,000 for constructing the Space Dynamics Laboratory High Bay Building at Utah State University;
• up to $41,835,000 for constructing a student housing facility at Dixie State University; and
• up to $24,560,000 for the remodel and expansion of the Sorensen Center at Utah Valley University;
• authorizes the University of Utah to use up to $89,000,000 in donations and other Huntsman Cancer Institute Funds to plan, design, and construct the Kathryn F. Kirk Center for Comprehensive Cancer Care and Women's Cancers;

Every vote on this bill

Bill text

REVENUE BONDS AND CAPITAL FACILITIES
AUTHORIZATIONS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Kirk A. Cullimore
House Sponsor: 
Douglas V. Sagers
LONG TITLE
General Description:
This bill authorizes certain state agencies and institutions to issue revenue bonds and
authorizes the construction or lease of certain capital facilities.
Highlighted Provisions:
This bill:
▸ authorizes the State Building Ownership Authority to issue revenue bonds as
follows:
• up to $10,091,100 in revenue bonds for the downtown liquor store relocation;
and
• up to $14,000,000 in revenue bonds for constructing two liquor stores in the
Taylorsville and West Valley City market areas;
▸ authorizes the Board of Regents to issue revenue bonds as follows:
• up to $40,000,000 for constructing the Kathryn F. Kirk Center for
Comprehensive Cancer Care and Women's Cancers at the University of Utah;
• up to $80,000,000 for the Rice-Eccles Stadium South End Zone upgrade at the
University of Utah;
• up to $41,600,000 for constructing the Mountain View Residence Hall
replacement at Utah State University;
• up to $11,700,000 for constructing the east parking terrace at Utah State
University;
• up to $37,700,000 for constructing the Space Dynamics Laboratory Research
Building at Utah State University;
• up to $15,000,000 for constructing the Space Dynamics Laboratory High Bay
Building at Utah State University;
• up to $41,835,000 for constructing a student housing facility at Dixie State
University; and
• up to $24,560,000 for the remodel and expansion of the Sorensen Center at Utah
Valley University;
▸ authorizes the University of Utah to use up to $89,000,000 in donations and other
Huntsman Cancer Institute Funds to plan, design, and construct the Kathryn F. Kirk
Center for Comprehensive Cancer Care and Women's Cancers;
▸ authorizes Utah State University to use up to $7,700,000 in institutional funds to
plan, design, and construct an information technology services building and
authorizes the university to use state funds for operation and maintenance costs and
capital improvements of the building; and
▸ authorizes Utah State University to use up to $11,000,000 in institutional funds to
plan, design, and construct the Moab Academic Building and authorizes the
university to use state funds for operation and maintenance costs and capital
improvements of the building.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
ENACTS:
63B-29-101
, Utah Code Annotated 1953
63B-29-102
, Utah Code Annotated 1953
63B-29-201
, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
63B-29-101
 is enacted to read:
CHAPTER 29. 2019 BONDING AND FINANCING AUTHORIZATIONS
Part 1. 2019 Revenue Bond Authorizations
 63B-29-101.
Revenue bond authorizations -- State Building Ownership Authority.
(1) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Chapter 1, Part 3,
State Building Ownership Authority Act, may issue or execute obligations, or may
enter into or arrange for a lease-purchase agreement in which participation interests may be
created, to provide up to $10,091,100 for the downtown liquor store relocation, together with
additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any
existing debt service reserve requirements;
(b) the Department of Alcoholic Beverage Control use sales revenue as the primary
revenue source for repayment of any obligation created under authority of this Subsection (1);
and
(c) the Department of Alcoholic Beverage Control may request operation and
maintenance funding from sales revenue.
(2) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Chapter 1, Part 3,
State Building Ownership Authority Act, may issue or execute obligations, or may enter into or
arrange for a lease-purchase agreement in which participation interests may be created, to
provide up to $14,000,000 for two liquor stores in the Taylorsville and West Valley City
market areas, together with additional amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any existing debt service reserve requirements;
(b) the Department of Alcoholic Beverage Control use sales revenue as the primary
revenue source for repayment of any obligation created under authority of this Subsection (2);
and
(c) the Department of Alcoholic Beverage Control may request operation and
maintenance funding from sales revenue.
Section 2. Section 
63B-29-102
 is enacted to read:
 63B-29-102.
Revenue bond authorizations -- Board of Regents.
(1) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the Kathryn F. Kirk Center for Comprehensive
Cancer Care and Women's Cancers;
(b) the University of Utah use hospital revenue and donations as the primary revenue
sources for repayment of any obligation created under authority of this Subsection (1);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (1) may not exceed $40,000,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may, subject to the requirements of Title 63A, Chapter 5, State
Building Board - Division of Facilities Construction and Management, use up to $89,000,000
in donations and other Huntsman Cancer Institute funds together with proceeds authorized
under Subsection (1)(c) to plan, design, and construct the Kathryn F. Kirk Center for
Comprehensive Cancer Care and Women's Cancers; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(2) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the Rice-Eccles Stadium South End Zone
upgrade;
(b) the University of Utah use athletic revenue and other institutional funds as the
primary revenue sources for repayment of any obligation created under authority of this
Subsection (2);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (2) may not exceed $80,000,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Rice-Eccles Stadium South End
Zone upgrade, subject to the requirements of Title 63A, Chapter 5, State Building Board -
Division of Facilities Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(3) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah State University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Utah State University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the Mountain View Residence Hall
replacement;
(b) Utah State University use student housing rental fees and other auxiliary revenue as
the primary revenue sources for repayment of any obligation created under authority of this
Subsection (3);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (3) may not exceed $41,600,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Mountain View Residence Hall
replacement, subject to the requirements of Title 63A, Chapter 5, State Building Board -
Division of Facilities Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(4) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah State University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Utah State University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the East Parking Terrace;
(b) Utah State University use parking fees and other auxiliary revenue as the primary
revenue sources for repayment of any obligation created under authority of this Subsection (4);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (4) may not exceed $11,700,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the East Parking Terrace, subject to
the requirements of Title 63A, Chapter 5, State Building Board - Division of Facilities
Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(5) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah State University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Utah State University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the Space Dynamics Laboratory Research
Building;
(b) Utah State University use reimbursement from research projects as the primary
revenue sources for repayment of any obligation created under authority of this Subsection (5);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (5) may not exceed $37,700,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Space Dynamics Laboratory
Research Building, subject to the requirements of Title 63A, Chapter 5, State Building Board -
Division of Facilities Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(6) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah State University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Utah State University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing the Space Dynamics Laboratory High Bay
Building;
(b) Utah State University use reimbursement from research projects as the primary
revenue sources for repayment of any obligation created under authority of this Subsection (6);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (6) may not exceed $15,000,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Space Dynamics Laboratory High
Bay Building, subject to the requirements of Title 63A, Chapter 5, State Building Board -
Division of Facilities Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(7) The Legislature intends that:
(a) the Board of Regents, on behalf of Dixie State University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Dixie State University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing a student housing facility;
(b) Dixie State University use student housing rental fees and other auxiliary revenues
as the primary revenue sources for repayment of any obligation created under authority of this
Subsection (7);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (7) may not exceed $41,835,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct a student housing facility, subject to
the requirements of Title 63A, Chapter 5, State Building Board - Division of Facilities
Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(8) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah Valley University, may issue, sell, and
deliver revenue bonds or other evidences of indebtedness of Utah Valley University to borrow
money on the credit, revenue, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of remodeling and expanding the Sorensen Center;
(b) Utah Valley University use student fees and auxiliary revenue as the primary
revenue sources for repayment of any obligation created under authority of this Subsection (8);
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
this Subsection (8) may not exceed $24,560,000 for acquisition and construction proceeds,
together with other amounts necessary to pay costs of issuance, pay capitalized interest, and
fund any debt service reserve requirements;
(d) the university may plan, design, and construct the remodel and expansion of the
Sorensen Center, subject to the requirements of Title 63A, Chapter 5, State Building Board -
Division of Facilities Construction and Management; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
Section 3. Section 
63B-29-201
 is enacted to read:
Part 2. Capital Facility Design and Construction Authorizations
 63B-29-201.
Authorization to design and construct capital facilities using
institutional or agency funds.
(1) The Legislature intends that:
(a) Utah State University may, subject to the requirements of Title 63A, Chapter 5,
State Building Board - Division of Facilities Construction and Management, use up to
$7,700,000 in institutional funds to plan, design, and construct an information technology
services building;
(b) the university may not use state funds for any portion of this project; and
(c) the university may use state funds for operation and maintenance costs and capital
improvements.
(2) The Legislature intends that:
(a) Utah State University may, subject to the requirements of Title 63A, Chapter 5,
State Building Board - Division of Facilities Construction and Management, use up to
$11,000,000 in donations and institutional funds to plan, design, and construct the Moab
Academic Building;
(b) the university may not use state funds for any portion of this project; and
(c) the university may use state funds for operation and maintenance costs and capital
improvements.