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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        January 23, 2008

Mr. President:

    The Government Operations and Political Subdivisions Committee reports a favorable recommendation on S.B. 32, LOCAL GOVERNMENT BONDING ACT - PUBLIC HEARINGS, by Senator S. Jenkins, with the following amendment:

1.    Page 4, Line 120 through Page 5, Line 127 :    

             120          (1) Before issuing a bond authorized under this chapter

{   , but after an election, if

             121      required by this chapter   } , a local political subdivision shall:
             122          (a) in accordance with Subsection (2), provide public notice of the local political
             123      subdivision's intent to issue a bond; and
             124          (b) hold a public hearing
  :

    (i) if an election is required under this chapter:
    (A) no sooner than 30 days before the day on which the notice of election is published under Section 11-14-202; and
    (B) no later than five business days before the day on which the the notice of election is published under Section 11-14-202; and
    (ii)  
to receive input from the public with respect to:

             125          
{   (i)   }        (A)       the issuance of the bond; and

             126          
{   (ii)   }        (B)       the potential economic impact that the improvement, facility, or property for which

             127      the bond pays all or part of the cost will have on the private sector.

        Respectfully,

        Peter C. Knudson
        Committee Chair

Voting: 5-0-1
3 SB0032.SC1.wpd rnorth/RCN PO/AMN 1/23/08 8:20 am

Bill Number
Action Class
Action Code

*SB0032*
*S*
*SCRAMD*

 SB0032
S
SCRAMD