Rep. Norm Thurston — Voting Record

Bill

Number

S.B. 143 First Substitute (2021GS)

Sponsor

Sen. Wilson, C.

Final action

Governor Signed 3/17/2021

Outcome

Became law — signed by Gov. Spencer J. Cox

Summary

What it does

• This bill:
• expresses the Legislature's intent relating to the Utah Board of Higher Education's issuance, sale, and delivery of revenue bonds to finance:
• the construction of West Village Graduate and Family Student Housing at the University of Utah;
• the construction of the Impact - Epicenter building at the University of Utah;
• an expansion of the Electric Vehicle and Roadway building at Utah State University;
• the construction of the Stewart Stadium east bleachers at Weber State University; and
• the construction of the Noorda Engineering and Applied Science building at Weber State University; and
• expresses the Legislature's intent relating to the State Building Ownership Authority's issuance of obligations to finance:
• a new state liquor store in the Sugarhouse area of Salt Lake City; and
• a new state liquor store in east Sandy.

Every vote on this bill

Bill text

REVENUE BOND AND CAPITAL FACILITIES
AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Chris H. Wilson
House Sponsor: 
Douglas V. Sagers
LONG TITLE
General Description:
This bill enacts provisions relating to 2021 revenue bonds and capital facility design
and construction authorizations.
Highlighted Provisions:
This bill:
▸ expresses the Legislature's intent relating to the Utah Board of Higher Education's
issuance, sale, and delivery of revenue bonds to finance:
• the construction of West Village Graduate and Family Student Housing at the
University of Utah;
• the construction of the Impact - Epicenter building at the University of Utah;
• an expansion of the Electric Vehicle and Roadway building at Utah State
University;
• the construction of the Stewart Stadium east bleachers at Weber State
University; and
• the construction of the Noorda Engineering and Applied Science building at
Weber State University; and
▸ expresses the Legislature's intent relating to the State Building Ownership
Authority's issuance of obligations to finance:
• a new state liquor store in the Sugarhouse area of Salt Lake City; and
• a new state liquor store in east Sandy.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
ENACTS:
63B-31-201
, Utah Code Annotated 1953
63B-31-202
, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
63B-31-201
 is enacted to read:
CHAPTER 31. 2021 BONDING AND FINANCING AUTHORIZATIONS
Part 2. 2021 Revenue Bond Authorizations
 63B-31-201.
Revenue bond authorizations -- Utah Board of Higher Education.
(1) The Legislature intends that:
(a) the Utah Board of Higher Education, 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, revenues, and reserves of the university, other than
appropriations of the Legislature, to finance the cost of constructing the West Village Graduate
and Family Student Housing;
(b) the University of Utah 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 (1);
(c) the amount of revenue bonds or evidences of indebtedness authorized by this
Subsection (1) may not exceed $125,800,000 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 West Village Graduate and
Family Student Housing, subject to the requirements of Title 63A, Chapter 5b, Administration
of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(2) The Legislature intends that:
(a) the Utah Board of Higher Education, 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, revenues, and reserves of the university, other than
appropriations of the Legislature, to finance the cost of constructing the Impact - Epicenter
building;
(b) the University of Utah use donations, student housing rental fees, and other
auxiliary revenue as the primary revenue sources for repayment of any obligation created under
authority of this Subsection (2);
(c) the amount of revenue bonds or evidences of indebtedness authorized by this
Subsection (2) may not exceed $85,700,000 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 Impact - Epicenter building,
subject to the requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(3) The Legislature intends that:
(a) the Utah Board of Higher Education, 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, revenues, and reserves of the university, other than appropriations
of the Legislature, to finance the cost of constructing an expansion of the Electric Vehicle and
Roadway building;
(b) Utah State University use research revenue, donations, and institutional funds as the
primary revenue sources for repayment of any obligation created under authority of this
Subsection (3);
(c) the amount of revenue bonds or evidences of indebtedness authorized by this
Subsection (3) may not exceed $9,200,000 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 expansion of the Electric Vehicle
and Roadway building, subject to the requirements of Title 63A, Chapter 5b, Administration of
State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or
capital improvements.
(4) The Legislature intends that:
(a) the Utah Board of Higher Education, on behalf of Weber State University, may
issue, sell, and deliver revenue bonds or other evidences of indebtedness of Weber State
University to borrow money on the credit, revenues, and reserves of the university, other than
appropriations of the Legislature, to finance the cost of constructing the Stewart Stadium east
bleachers;
(b) Weber State University use student fees and institutional funds as the primary
revenue sources for repayment of any obligation created under authority of this Subsection (4);
(c) the amount of revenue bonds or evidences of indebtedness authorized by this
Subsection (4) may not exceed $4,000,000 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 Stewart Stadium east bleachers,
subject to the requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request additional state funds for operation and maintenance
costs or capital improvements.
(5) The Legislature intends that:
(a) the Utah Board of Higher Education, on behalf of Weber State University, may
issue, sell, and deliver revenue bonds or other evidences of indebtedness of Weber State
University to borrow money on the credit, revenues, and reserves of the university, other than
appropriations of the Legislature, to finance the cost of constructing the Noorda Engineering
and Applied Science building;
(b) Weber State University use lease payments as the primary revenue sources for
repayment of any obligation created under authority of this Subsection (5);
(c) the amount of revenue bonds or evidences of indebtedness authorized by this
Subsection (5) may not exceed $8,500,000 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 Noorda Engineering and Applied
Science building, subject to the requirements of Title 63A, Chapter 5b, Administration of State
Facilities; and
(e) the university may not request additional state funds for operation and maintenance
costs or capital improvements.
Section 2. Section 
63B-31-202
 is enacted to read:
 63B-31-202.
State Building Ownership Authority obligations for new state liquor
stores.
(1) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, 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 $11,725,700 for a Salt Lake City market area liquor store in
Sugarhouse, 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 revenues as the primary
revenue source for repayment of any obligation created under authority of this Subsection (1);
(c) the Department of Alcoholic Beverage Control may request operation and
maintenance funding from sales revenues; and
(d) the Department of Alcoholic Beverage Control use up to $5,000,000 to repay the
State Store Land Acquisition Fund under Section 
32B-2-307
.
(2) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, 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 $5,524,000 for a Salt Lake City area market liquor store in east Sandy,
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 revenues 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 revenues.