Fiscal Note

SB0253 - 2001 Special Highway General Obligations Bonds

State Impact:
Payments in the first two years of this bond issue will be funded from bond proceeds. In the years beyond FY 2003 debt service payments of approximately $10.3 million will be funded from the 1/4 of 1/4 percent sales tax approved for mass transit. It will also pay interest on a $26,000,000 bond issuance that originally provided that interest payments would be provided by Sandy City.

Individual and Business Impact:
No fiscal impact.

Office of the Legislative Fiscal Analyst
2/23/2001 5:33:08 PM

Last Revised: 30 August, 2000