H.B. 11

1

STATE LOAN COMMISSIONERS AND LOAN
2 AUTHORIZATION REPEAL
3 2001 GENERAL SESSION
4 STATE OF UTAH
5 Sponsor: Bryan D. Holladay
6 This act modifies code sections creating and governing state loan commissioners by repealing
7 obsolete and lapsed sections governing state loan commissioners. This act repeals provisions
8 authorizing certain paid-off loans.
9 This act affects sections of Utah Code Annotated 1953 as follows:
10 REPEALS:
11 66-1-1, as last amended by Chapter 243, Laws of Utah 1996
12 66-1-3, Utah Code Annotated 1953
13 66-1-4, Utah Code Annotated 1953
14 66-6-1, as last amended by Chapter 92, Laws of Utah 1987
15 66-6-2, as enacted by Chapter 159, Laws of Utah 1961
16 66-6-3, as enacted by Chapter 159, Laws of Utah 1961
17 66-6-4, as last amended by Chapter 12, Laws of Utah 1994
18 66-7-1, as last amended by Chapter 92, Laws of Utah 1987
19 66-7-2, as enacted by Chapter 160, Laws of Utah 1961
20 66-7-3, as enacted by Chapter 160, Laws of Utah 1961
21 66-7-4, as enacted by Chapter 160, Laws of Utah 1961
22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Repealer.
24 This act repeals:
25 Section 66-1-1, Members of state board.
26 Section 66-1-3, Payment of loans.
27 Section 66-1-4, Biennial report to governor.

28 Section 66-6-1, Authority to negotiate -- Use of proceeds.
29 Section 66-6-2, When loan to be made -- Amount of loan.
30 Section 66-6-3, Authority to secure funds to assure availability of loan balance.
31 Section 66-6-4, Repayment of loan.
32 Section 66-7-1, Authority to negotiate -- Use of proceeds.
33 Section 66-7-2, When loan to be made -- Amount.
34 Section 66-7-3, Authority to secure funds to assure availability of loan balance.
35 Section 66-7-4, Repayment of loan.




Legislative Review Note
as of 11-15-00 4:25 PM

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

Office of Legislative Research and General Counsel

Committee Note

The Government Operations Interim Committee recommended this bill.