First Substitute S.B. 86

Representative Ron Bigelow proposes the following substitute bill:

1 2004 GENERAL OBLIGATION BOND
2 AMENDMENTS
3 2005 GENERAL SESSION
4 STATE OF UTAH
5 Sponsor: Peter C. Knudson
6
7 LONG TITLE
8 General Description:
9 This bill eliminates a project authorized by the Legislature to be built or purchased from
10 the proceeds of the 2004 General Obligation Bond.
11 Highlighted Provisions:
12 This bill:
13 . removes the monies earmarked in the 2004 General Obligation Bond Authorization
14 for the Oxbow Jail purchase.
15 Monies Appropriated in this Bill:
16 None
17 Other Special Clauses:
18 None
19 Utah Code Sections Affected:
20 AMENDS:
21 63B-13-101, as enacted by Chapter 310, Laws of Utah 2004
22
23 Be it enacted by the Legislature of the state of Utah:
24 Section 1. Section 63B-13-101 is amended to read:
25 63B-13-101. Capital facilities bonds -- Maximum amount -- Projects authorized.

26 (1) The total amount of bonds issued under this section may not exceed $87,400,000.
27 (2) (a) Proceeds from the issuance of bonds shall be provided to the division to provide
28 funds to pay all or part of the cost of acquiring and constructing the projects listed in this
29 Subsection (2).
30 (b) These costs may include the cost of acquiring land, interests in land, easements and
31 rights-of-way, improving sites, and acquiring, constructing, equipping, and furnishing facilities
32 and all structures, roads, parking facilities, utilities, and improvements necessary, incidental, or
33 convenient to the facilities, interest estimated to accrue on these bonds during the period to be
34 covered by construction of the projects plus a period of six months after the end of the
35 construction period, and all related engineering, architectural, and legal fees.
36 (c) For the division, proceeds shall be provided for the following:
37 -------------------------------------------------------------------------------------------------------------------
38 CAPITAL DEVELOPMENT PROJECTS
39 Estimated
40 Operations Project
41 Project and Amount
42 Description Maintenance Funded
43 ---------------------------- ----------------- ----------------
44 State Capitol Remodel $0 $50,000,000
45 Weber State University -
46 Swenson Building Remodel $75,400 $5,569,000
47 Salt Lake Community College -
48 Health Sciences Building
49 (West Jordan) $762,000 $21,000,000
50 Utah National Guard -
51 North Salt Lake
52 Readiness Center $42,500 $2,719,000
53 College of Eastern Utah
54 San Juan Library $127,200 $2,400,000
55 [Oxbow Prison Purchase] [$0] [$4,800,000]
56

57 TOTAL CAPITAL
58 DEVELOPMENT
59 PROJECTS $86,488,000
60 -------------------------------------------------------------------------------------------------------------------
61 TOTAL GENERAL OBLIGATION BOND AUTHORIZATION
62 FOR CAPITAL DEVELOPMENT PROJECTS $86,488,000
63 -------------------------------------------------------------------------------------------------------------------
64 (d) For purposes of this section, operations and maintenance costs:
65 (i) are estimates only;
66 (ii) may include any operations and maintenance costs already funded in existing
67 agency budgets; and
68 (iii) are not commitments by this Legislature or future Legislatures to fund those
69 operations and maintenance costs.
70 (3) (a) The amounts funded as listed in Subsection (2) are estimates only and do not
71 constitute a limitation on the amount that may be expended for any project.
72 (b) The board may revise these estimates and redistribute the amount estimated for a
73 project among the projects authorized.
74 (c) The commission, by resolution and in consultation with the board, may delete one
75 or more projects from this list if the inclusion of that project or those projects in the list could
76 be construed to violate state law or federal law or regulation.
77 (4) (a) The division may enter into agreements related to these projects before the
78 receipt of proceeds of bonds issued under this chapter.
79 (b) The division shall make those expenditures from unexpended and unencumbered
80 building funds already appropriated to the Capital Projects Fund.
81 (c) The division shall reimburse the Capital Projects Fund upon receipt of the proceeds
82 of bonds issued under this chapter.
83 (d) The state intends to use proceeds of tax-exempt bonds to reimburse itself for
84 expenditures for costs of the projects listed in Subsection (2)(c).
85 (5) It is the intent of the Legislature that:
86 (a) the funding authorized for projects in Subsection (2) includes funds for public art,
87 except for the following projects:

88 (i) state capitol remodel; and
89 (ii) Utah National Guard North Salt Lake Readiness Center; [and]
90 [(iii) Oxbow prison;]
91 (b) no state funds may be expended for the National Guard North Salt Lake Readiness
92 Center project until the United States Congress appropriates monies for the project; and
93 (c) the Bonding Commission may not issue bonds for the National Guard North Salt
94 Lake Readiness Center project until the United States Congress appropriates monies for the
95 project.