Rep. Norm Thurston — Voting Record

Bill

Number

S.B. 9 (2025GS)

Sponsor

Sen. Ipson, Don L.

Final action

Governor Signed 3/26/2025

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:
• the Huntsman Cancer Institute Vineyard Campus Facility; and
• the 800 East Residence Hall project at Utah State University; and
• expresses the Legislature's intent relating to the State Building Ownership Authority's issuance of obligations to finance a warehouse facility and club store for the Department of Alcoholic Beverage Services.

Every vote on this bill

Bill text

6
63B-34-101
63B-34-102
0
Revenue Bond and Capital Facilities Amendments
2025 GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Don L. Ipson
House Sponsor: Douglas R. Welton
LONG TITLE
General Description:
This bill enacts provisions relating to 2025 revenue bonds.
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:
the Huntsman Cancer Institute Vineyard Campus Facility; and
the 800 East Residence Hall project at Utah State University; and
expresses the Legislature's intent relating to the State Building Ownership Authority's 
issuance of obligations to finance a warehouse facility and club store for the Department 
of Alcoholic Beverage Services.
Money Appropriated in this Bill:
None
Other Special Clauses:
This bill provides a special effective date.
Utah Code Sections Affected:
ENACTS:
63B-34-101
, Utah Code Annotated 1953
63B-34-102
, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1, Section 
63B-34-101
 is enacted to read:
34. 2025 BONDING AND FINANCING AUTHORIZATIONS
1. 2025 Bonding and Financing Authorizations
63B-34-101
. 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 
Huntsman Cancer Institute Vineyard Campus Facility;
(b)
the University of Utah use clinical revenues and other non-state revenues of the 
University of Utah Health Sciences 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 $65,000,000 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 Huntsman Cancer Institute 
Vineyard Campus Facility 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 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 the 
800 East Residence Hall project;
(b)
Utah 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 (2);
(c)
the amount of revenue bonds or evidences of indebtedness authorized by this 
Subsection (2) may not exceed $100,000,000 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 800 East Residence Hall project 
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-34-102
 is enacted to read:
63B-34-102
. Revenue bond authorizations -- State Building Ownership 
Authority.
The Legislature intends that:
(1)
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 $85,000,000 for a warehouse facility and club store, 
together with additional amounts necessary to pay costs of issuance, pay capitalized 
interest, and fund any existing debt service reserve requirements;
(2)
the Department of Alcoholic Beverage Services use sales revenues as the primary 
revenue source for repayment of any obligation created under authority of this section;
(3)
the Department of Alcoholic Beverage Services may request operation and maintenance 
funding from sales revenues; and
(4)
before the State Building Ownership Authority takes any action under this section, the 
Department of Alcoholic Beverage Services, the Division of Facilities and Construction 
Management, and the state treasurer jointly provide to the Executive Appropriations 
Committee and the Governor's Office of Planning and Budget a report that describes the 
plans related to the potential action, including facility specifications, construction cost, 
operations and maintenance projections, and expected terms of finance.
Section 3. 
Effective Date.
This bill takes effect on 
July 1, 2025
.
3-7-25 12:50 PM