S.B. 65

1

BONDING FOR SOLDIER HOLLOW GOLF
2 COURSE
3 2001 GENERAL SESSION
4 STATE OF UTAH
5 Sponsor: David H. Steele
6 This act modifies provisions related to bonding. The act authorizes the State Building
7 Ownership Authority to issue revenue bonds for funding the construction of a 36-hole golf
8 course at Soldier Hollow in the Wasatch Mountain State Park.
9 This act affects sections of Utah Code Annotated 1953 as follows:
10 ENACTS:
11 63B-10-301, Utah Code Annotated 1953
12 Be it enacted by the Legislature of the state of Utah:
13 Section 1. Section 63B-10-301 is enacted to read:
14 Part 3. Revenue Bond Authorization
15 63B-10-301. Soldier Hollow bond authorization.
16 (1) It is the intent of the Legislature that the State Building Ownership Authority, under
17 the authority of Title 63, Chapter 9a, State Building Ownership Act, may issue or execute
18 obligations to provide up to $12,000,000 for the construction of a 36-hole golf course at Soldier
19 Hollow in the Wasatch Mountain State Park, together with additional amounts necessary to:
20 (a) pay costs of issuance;
21 (b) pay capitalized interest; and
22 (c) fund any debt service reserve requirements.
23 (2) The State Building Ownership Authority shall work cooperatively with the Division
24 of Parks and Recreation in the design and construction of the golf course at Soldier Hollow.

Legislative Review Note
as of 1-22-01 11:39 AM

A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel