H.B. 9

             1     

REVENUE BOND AND CAPITAL FACILITIES

             2     
AMENDMENTS

             3     
2014 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Gage Froerer

             6     
Senate Sponsor: Wayne A. Harper

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill authorizes certain state agencies and institutions to issue revenue bonds and
             11      authorizes the construction or renovation of capital facilities using agency, institutional,
             12      or donated funds.
             13      Highlighted Provisions:
             14          This bill:
             15          .    increases the planning, design, and construction or renovation authorizations and
             16      maximum square footage of the following, provided that only agency, institutional,
             17      or donated funds are used:
             18              .    for a Science and Technology Building at Utah State University Tooele,
             19      increases the authorization by $1,800,000; and
             20              .    for a Drivers License Building in Price, increases the authorization by $228,000;
             21          .    authorizes the State Board of Regents to issue revenue bonds for the following:
             22              .    $45,238,000 for constructing the Lassonde Living Center at the University of
             23      Utah; and
             24              .    $29,400,000 for the replacement of utility distribution infrastructure at the
             25      University of Utah;
             26          .    provides a prohibition on state funding for operations and maintenance and capital
             27      improvement costs for the Science and Technology Building at Utah State


             28      University Tooele; and
             29          .    authorizes the planning, design, and construction or renovation of the following,
             30      provided that only agency, institutional, or donated funds are used:
             31              .    for an expansion and renovation of the Alumni House at the University of Utah
             32      at a cost of $10,000,000, and prohibits the use of state funds for operation and
             33      maintenance and capital improvement costs of the building;
             34              .    for a Technology Trades Building for the Mountain Land Applied Technology
             35      College at the Lehi campus at a cost of $10,683,000, and prohibits the use of
             36      state funds for operation and maintenance and capital improvement costs of the
             37      building;
             38              .    for a Communications and Driver License Building at the Department of Public
             39      Safety in Vernal at a cost of up to $875,000, and prohibits the use of state funds
             40      for operation and maintenance and capital improvement costs of the building;
             41      and
             42              .    for an Agriculture Laboratory Building at the Department of Agriculture in
             43      Nephi at a cost of up to $744,800, and prohibits the use of state funds for
             44      operation and maintenance and capital improvement costs of the building.
             45      Money Appropriated in this Bill:
             46          None
             47      Other Special Clauses:
             48          None
             49      Utah Code Sections Affected:
             50      AMENDS:
             51           63B-22-201 , as enacted by Laws of Utah 2013, Chapter 409
             52      ENACTS:
             53           63B-23-101 , Utah Code Annotated 1953
             54           63B-23-201 , Utah Code Annotated 1953
             55     
             56      Be it enacted by the Legislature of the state of Utah:
             57          Section 1. Section 63B-22-201 is amended to read:
             58           63B-22-201. Authorizations to design and construct capital facilities using


             59      institutional or agency funds.
             60          (1) The Legislature intends that:
             61          (a) Southern Utah University may, subject to requirements in Title 63A, Chapter 5,
             62      State Building Board - Division of Facilities Construction and Management, use up to
             63      $30,000,000 in donations and institutional funds to plan, design, and construct a Center for the
             64      Arts with up to 80,490 square feet;
             65          (b) no state funds be used for any portion of this project; and
             66          (c) the university may not request state funds for operation and maintenance costs or
             67      capital improvements.
             68          (2) The Legislature intends that:
             69          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             70      Building Board - Division of Facilities Construction and Management, use up to $11,040,000
             71      in donations and institutional funds to plan, design, and construct a Renovation and Addition of
             72      Phase II of the Kennecott Building with up to 40,700 new square feet;
             73          (b) no state funds be used for any portion of this project; and
             74          (c) the university may use state funds for operation and maintenance costs or capital
             75      improvements.
             76          (3) The Legislature intends that:
             77          (a) Utah State University may, subject to requirements in Title 63A, Chapter 5, State
             78      Building Board - Division of Facilities Construction and Management, use up to [$8,000,000]
             79      $9,800,000 in donations and institutional funds to plan, design, and construct a Science and
             80      Technology Building at Utah State University Tooele with up to [26,000] 33,000 square feet;
             81          (b) no state funds be used for any portion of this project; and
             82          (c) the university may use state funds for operation and maintenance costs or capital
             83      improvements.
             84          (4) The Legislature intends that:
             85          (a) the Department of Public Safety may, subject to requirements in Title 63A, Chapter
             86      5, State Building Board - Division of Facilities Construction and Management, use up to
             87      [$1,277,000] $1,505,000 in nonlapsing balances to plan, design, and construct a Drivers
             88      License Building in Price with up to [7,000] 7,500 square feet;
             89          (b) no state funds be used for any portion of this project; and


             90          (c) the department may use state funds for operation and maintenance costs or capital
             91      improvements.
             92          Section 2. Section 63B-23-101 is enacted to read:
             93     
CHAPTER 23. 2014 BONDING AND FINANCING AUTHORIZATIONS

             94     
Part 1. 2014 Revenue Bond Authorizations

             95          63B-23-101. Revenue bond authorizations -- Board of Regents.
             96          (1) The Legislature intends that:
             97          (a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
             98      deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
             99      money on the credit, revenues, and reserves of the university, other than appropriations of the
             100      Legislature, to finance the cost of constructing the Lassonde Living Center;
             101          (b) the University of Utah use student fees and rents as the primary revenue sources for
             102      repayment of any obligation created under authority of this Subsection (1);
             103          (c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
             104      this Subsection (1) is $45,238,000, together with other amounts necessary to pay costs of
             105      issuance, pay capitalized interest, and fund any debt service reserve requirements;
             106          (d) the university shall plan, design, and construct the Lassonde Living Center subject
             107      to the requirements of Title 63A, Chapter 5, State Building Board - Division of Facilities
             108      Construction and Management; and
             109          (e) the university may not request state funds for operation and maintenance costs or
             110      capital improvements.
             111          (2) The Legislature intends that:
             112          (a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
             113      deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
             114      money on the credit, revenues, and reserves of the university, other than appropriations of the
             115      Legislature, to finance the cost of replacing the University of Utah's utility distribution
             116      infrastructure;
             117          (b) the University of Utah use a power bill surcharge as the primary revenue source for
             118      the repayment of any obligation created under authority of this Subsection (2);
             119          (c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
             120      this Subsection (2) is $29,400,000 together with other amounts necessary to pay costs of


             121      issuance, pay capitalized interest, and fund any debt service reserve requirements;
             122          (d) the revenue bonds or evidences of indebtedness authorized by this Subsection (2)
             123      may not mature later than 15 years after the date of issuance; and
             124          (e) the university shall plan, design, and construct the University of Utah's replacement
             125      utility distribution infrastructure subject to the requirements of Title 63A, Chapter 5, State
             126      Building Board - Division of Facilities Construction and Management.
             127          Section 3. Section 63B-23-201 is enacted to read:
             128     
Part 2. 2014 Capital Facility Design and Construction Authorizations

             129          63B-23-201. Authorizations to design and construct capital facilities using
             130      institutional or agency funds.
             131          (1) The Legislature intends that:
             132          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             133      Building Board - Division of Facilities Construction and Management, use up to $10,000,000
             134      in donations and institutional funds to plan, design, and construct an expansion and renovation
             135      of the Alumni House at the University of Utah with up to an additional 17,000 new square feet;
             136          (b) the university may not use state funds for any portion of this project; and
             137          (c) the university may not use state funds for operation and maintenance costs or
             138      capital improvements.
             139          (2) The Legislature intends that:
             140          (a) the Mountain Land Applied Technology College may, subject to requirements in
             141      Title 63A, Chapter 5, State Building Board - Division of Facilities Construction and
             142      Management, use up to $10,683,000 in donations and institutional funds to plan, design, and
             143      construct a Technology Trades Building for the Mountain Land Applied Technology College at
             144      the Lehi Campus with up to 40,500 square feet;
             145          (b) the college may not use state funds for any portion of this project; and
             146          (c) the college may not use state funds for operation and maintenance costs or capital
             147      improvements.
             148          (3) The Legislature intends that:
             149          (a) the Department of Public Safety may, subject to requirements in Title 63A, Chapter
             150      5, State Building Board - Division of Facilities Construction and Management, use up to
             151      $875,000 in nonlapsing balances to plan, design, and construct a Drivers License Building in


             152      Vernal with up to 3,500 square feet;
             153          (b) the department may not use state funds for any portion of this project; and
             154          (c) the department may not use state funds for operation and maintenance costs or
             155      capital improvements.
             156          (4) The Legislature intends that:
             157          (a) the Department of Agriculture may, subject to requirements in Title 63A, Chapter
             158      5, State Building Board - Division of Facilities Construction and Management, use up to
             159      $744,800 in agency funds to plan, design, and construct an Agriculture Laboratory Building in
             160      Nephi with up to 3,500 square feet;
             161          (b) the department may not use state funds for any portion of this project; and
             162          (c) the department may not use state funds for operation and maintenance costs or
             163      capital improvements.




Legislative Review Note
    as of 3-7-14 10:49 AM


Office of Legislative Research and General Counsel


[Bill Documents][Bills Directory]