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S.B. 5 Enrolled

             1     

REVENUE BOND AND CAPITAL FACILITIES

             2     
AUTHORIZATIONS

             3     
2009 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Wayne L. Niederhauser

             6     
House Sponsor: Stephen D. Clark

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill authorizes certain state agencies and higher education institutions to issue
             11      revenue bonds, build capital facilities using agency, institutional, or donated funds, or
             12      lease or dispose of real property.
             13      Highlighted Provisions:
             14          This bill:
             15          .    authorizes the issuance of revenue bonds by the State Building Ownership
             16      Authority and the State Board of Regents;
             17          .    authorizes other capital facility design and construction to be funded from agency,
             18      institutional, or donated funds; and
             19          .    authorizes the lease or disposal of certain state real property.
             20      Monies Appropriated in this Bill:
             21          None
             22      Other Special Clauses:
             23          None
             24      Utah Code Sections Affected:
             25      ENACTS:
             26          63B-18-101, Utah Code Annotated 1953
             27          63B-18-102, Utah Code Annotated 1953
             28          63B-18-201, Utah Code Annotated 1953
             29          63B-18-301, Utah Code Annotated 1953


             30     
             31      Be it enacted by the Legislature of the state of Utah:
             32          Section 1. Section 63B-18-101 is enacted to read:
             33     
CHAPTER 18. 2009 BOND AND FINANCING AUTHORIZATIONS

             34     
Part 1. 2009 Revenue Bond Authorizations

             35          63B-18-101. Revenue bond authorizations -- State Building Ownership
             36      Authority.
             37          (1) The Legislature intends that:
             38          (a) the State Building Ownership Authority, under the authority of Title 63B, Chapter
             39      1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter
             40      into or arrange for a lease-purchase agreement in which participation interests may be created,
             41      to provide up to $3,800,000 for the acquisition of property in the Salt Lake City, Utah area on
             42      which to construct a Department of Alcoholic Beverage Control warehouse expansion,
             43      together with additional amounts necessary to pay costs of issuance, pay capitalized interest,
             44      and fund any debt service reserve requirements; and
             45          (b) the Department of Alcoholic Beverage Control use increased sales revenues as the
             46      primary revenue source for repayment of any obligation created under authority of this section.
             47          (2) The Legislature intends that:
             48          (a) the State Building Ownership Authority, under the authority of Title 63B, Chapter
             49      1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter
             50      into or arrange for a lease-purchase agreement in which participation interests may be created,
             51      to provide up to $19,904,000 for the construction of a warehouse expansion for the
             52      Department of Alcoholic Beverage Control, together with additional amounts necessary to pay
             53      costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
             54          (b) the Department of Alcoholic Beverage Control use increased sales revenues as the
             55      primary revenue source for repayment of any obligation created under authority of this section;
             56      and
             57          (c) the Department of Alcoholic Beverage Control may request operation and


             58      maintenance funding from sales revenues.
             59          Section 2. Section 63B-18-102 is enacted to read:
             60          63B-18-102. Revenue bond authorizations -- Board of Regents.
             61          (1) The Legislature intends that:
             62          (a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
             63      deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
             64      money on the credit, revenues, and reserves of the university, other than appropriations of the
             65      Legislature, to finance the cost of constructing a south campus housing project;
             66          (b) the University of Utah use student housing rental fees and parking fees as the
             67      primary revenue sources for repayment of any obligation created under authority of this
             68      section;
             69          (c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
             70      this section is $48,000,000, together with other amounts necessary to pay costs of issuance,
             71      pay capitalized interest, and fund any debt service reserve requirements;
             72          (d) the university may plan, design, and construct the south campus housing project
             73      subject to the requirements of Title 63A, Chapter 5, State Building Board - Division of
             74      Facilities Construction and Management; and
             75          (e) the university may not request state funds for operation and maintenance costs or
             76      capital improvements.
             77          (2) The Legislature intends that:
             78          (a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
             79      deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
             80      money on the credit, revenues, and reserves of the university, other than appropriations of the
             81      Legislature, to finance the cost of constructing an infrastructure development at the university
             82      "green field" site;
             83          (b) the University of Utah use research overhead funds and infrastructure fees on new
             84      construction projects supported by this infrastructure development as the primary revenue
             85      sources for repayment of any obligation created under authority of this section;


             86          (c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
             87      this section is $44,000,000, together with other amounts necessary to pay costs of issuance,
             88      pay capitalized interest, and fund any debt service reserve requirements;
             89          (d) the university may plan, design, and construct the infrastructure development at
             90      the university "green field" site subject to the requirements of Title 63A, Chapter 5, State
             91      Building Board - Division of Facilities Construction and Management; and
             92          (e) the university may not request state funds for operation and maintenance costs or
             93      capital improvements.
             94          (3) The Legislature intends that:
             95          (a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and
             96      deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow
             97      money on the credit, revenues, and reserves of the university, other than appropriations of the
             98      Legislature, to finance the cost of constructing an expansion of the University
             99      Neuropsychiatric Institute subject to the requirements of Subsection 63B-17-301 (1);
             100          (b) the University of Utah use institutional funds as the primary revenue source for
             101      repayment of any obligation created under authority of this section; and
             102          (c) the maximum amount of revenue bonds or evidences of indebtedness authorized by
             103      this section is $45,000,000, together with other amounts necessary to pay costs of issuance,
             104      pay capitalized interest, and fund any debt service reserve requirements.
             105          (4) The Legislature intends that:
             106          (a) the Board of Regents, on behalf of Utah State University, may issue, sell, and
             107      deliver revenue bonds or other evidences of indebtedness of Utah State University to borrow
             108      money on the credit, revenues, and reserves of the university, other than appropriations of the
             109      Legislature, to finance the cost of constructing a Vernal entrepreneurship and energy research
             110      center subject to the requirements of Subsection 63B-17-301 (4);
             111          (b) Utah State University use institutional funds as the primary revenue source for
             112      repayment of any obligation created under authority of this section; and
             113          (c) the maximum amount of revenue bonds or other evidences of indebtedness


             114      authorized by this section is $3,800,000, together with other amounts necessary to pay costs of
             115      issuance, pay capitalized interest, and fund any debt service reserve requirements.
             116          Section 3. Section 63B-18-201 is enacted to read:
             117     
Part 2. 2009 Capital Facility Design and Construction Authorizations

             118          63B-18-201. Authorizations to design and construct capital facilities using
             119      institutional or agency funds.
             120          (1) The Legislature intends that:
             121          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             122      Building Board - Division of Facilities Construction and Management, use institutional funds
             123      to plan and design an ambulatory care complex;
             124          (b) this authorization and the existence of plans and designs do not guarantee nor
             125      improve the chances for legislative approval of the remainder of the building in any
             126      subsequent year; and
             127          (c) no state funds be used for any portion of this planning and design.
             128          (2) The Legislature intends that:
             129          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             130      Building Board - Division of Facilities Construction and Management, use $64,445,000 in
             131      donations to plan, design, and construct a replacement and expansion of the Eccles School of
             132      Business Building, with 135,000 new square feet;
             133          (b) no state funds be used for any portion of this project unless expressly appropriated
             134      for this purpose or approved in a general obligation bond bill; and
             135          (c) the university may request state funds for operation and maintenance costs and
             136      capital improvements to the extent that the university is able to demonstrate to the Board of
             137      Regents that the facility meets approved academic and training purposes under Board of
             138      Regents policy R710.
             139          (3) The Legislature intends that:
             140          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             141      Building Board - Division of Facilities Construction and Management, use $8,689,000 in


             142      donations to plan, design, and construct a renovation of the Kennecott Building, with 19,400
             143      new square feet;
             144          (b) no state funds be used for any portion of this project; and
             145          (c) the university may request state funds for operation and maintenance costs and
             146      capital improvements to the extent that the university is able to demonstrate to the Board of
             147      Regents that the facility meets approved academic and training purposes under Board of
             148      Regents policy R710.
             149          (4) The Legislature intends that:
             150          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             151      Building Board - Division of Facilities Construction and Management, use $30,737,000 in
             152      donations to plan, design, and construct a Sorenson Arts and Education Complex, with 85,400
             153      new square feet;
             154          (b) no state funds be used for any portion of this project; and
             155          (c) the university may request state funds for operation and maintenance costs and
             156      capital improvements to the extent that the university is able to demonstrate to the Board of
             157      Regents that the facility meets approved academic and training purposes under Board of
             158      Regents policy R710.
             159          (5) The Legislature intends that:
             160          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             161      Building Board - Division of Facilities Construction and Management, use $4,477,500 in
             162      donations to plan, design, and construct a Meldrum Civil Engineering Building, with 11,800
             163      new square feet;
             164          (b) no state funds be used for any portion of this project; and
             165          (c) the university may request state funds for operation and maintenance costs and
             166      capital improvements to the extent that the university is able to demonstrate to the Board of
             167      Regents that the facility meets approved academic and training purposes under Board of
             168      Regents policy R710.
             169          (6) The Legislature intends that:


             170          (a) the University of Utah may, subject to requirements in Title 63A, Chapter 5, State
             171      Building Board - Division of Facilities Construction and Management, negotiate with a
             172      private developer to develop the Universe Project on land west of the university football
             173      stadium;
             174          (b) before entering into a contract with the developer, the university shall:
             175          (i) present the final contract terms to the Legislature's Executive Appropriations
             176      Committee;
             177          (ii) obtain the approval of the State Building Board; and
             178          (iii) the State Building Board may approve the agreement only if the university
             179      demonstrates that the contract terms will be a benefit to the state;
             180          (c) no state funds be used for any portion of this project; and
             181          (d) the university may request state funds for operation and maintenance costs and
             182      capital improvements to the extent that the university is able to demonstrate to the Board of
             183      Regents that the facility meets approved academic and training purposes under Board of
             184      Regents policy R710.
             185          (7) The Legislature intends that:
             186          (a) Utah Valley University may, subject to requirements in Title 63A, Chapter 5, State
             187      Building Board - Division of Facilities Construction and Management, use $2,650,000 in
             188      grants and institutional funds to plan, design, and construct a Business Resource Center, with
             189      12,000 new square feet;
             190          (b) no state funds be used for any portion of this project; and
             191          (c) the university may request state funds for operation and maintenance costs and
             192      capital improvements to the extent that the university is able to demonstrate to the Board of
             193      Regents that the facility meets approved academic and training purposes under Board of
             194      Regents policy R710.
             195          (8) The Legislature intends that:
             196          (a) Utah Valley University may, subject to requirements in Title 63A, Chapter 5, State
             197      Building Board - Division of Facilities Construction and Management, use $1,200,000 in


             198      donations and institutional funds to plan, design, and construct a track and field facility;
             199          (b) no state funds be used for any portion of this project; and
             200          (c) the university may request state funds for operation and maintenance costs and
             201      capital improvements to the extent that the university is able to demonstrate to the Board of
             202      Regents that the facility meets approved academic and training purposes under Board of
             203      Regents policy R710.
             204          (9) The Legislature intends that:
             205          (a) Utah Valley University may, subject to requirements in Title 63A, Chapter 5, State
             206      Building Board - Division of Facilities Construction and Management, use $600,000 in
             207      institutional funds to plan, design, and construct intramural playing fields;
             208          (b) no state funds be used for any portion of this project; and
             209          (c) the university may request state funds for operation and maintenance costs and
             210      capital improvements to the extent that the university is able to demonstrate to the Board of
             211      Regents that the facility meets approved academic and training purposes under Board of
             212      Regents policy R710.
             213          (10) The Legislature intends that:
             214          (a) Southern Utah University may, subject to requirements in Title 63A, Chapter 5,
             215      State Building Board - Division of Facilities Construction and Management, use $2,000,000
             216      in donations to plan, design, and construct a baseball and soccer complex upgrade;
             217          (b) no state funds be used for any portion of this project; and
             218          (c) the university may not request state funds for operation and maintenance costs or
             219      capital improvements.
             220          (11) The Legislature intends that:
             221          (a) the Department of Natural Resources may, subject to requirements in Title 63A,
             222      Chapter 5, State Building Board - Division of Facilities Construction and Management, use
             223      $3,000,000 in federal grants to plan, design, and construct an interagency fire dispatch center,
             224      with 10,000 new square feet;
             225          (b) no state funds be used for any portion of this project; and


             226          (c) the department may not request state funds for operation and maintenance costs or
             227      capital improvements.
             228          (12) The Legislature intends that:
             229          (a) the Department of Natural Resources may, subject to requirements in Title 63A,
             230      Chapter 5, State Building Board - Division of Facilities Construction and Management, use
             231      $7,500,000 in federal grants to plan, design, and construct a curation facility in Vernal, with
             232      21,000 new square feet;
             233          (b) no state funds be used for any portion of this project; and
             234          (c) the department may not request state funds for operation and maintenance costs or
             235      capital improvements.
             236          (13) The Legislature intends that:
             237          (a) the Department of Natural Resources may, subject to requirements in Title 63A,
             238      Chapter 5, State Building Board - Division of Facilities Construction and Management, use
             239      $650,000 in federal grants to plan, design, and construct an expansion to the seed warehouse
             240      at the Great Basin Research Center, with 9,000 new square feet;
             241          (b) no state funds be used for any portion of this project unless expressly appropriated
             242      for this purpose; and
             243          (c) the department may not request state funds for operation and maintenance costs or
             244      capital improvements.
             245          (14) The Legislature intends that:
             246          (a) the Department of Veterans' Affairs may, subject to requirements in Title 63A,
             247      Chapter 5, State Building Board - Division of Facilities Construction and Management, use
             248      $3,500,000 in federal grants to plan, design, and construct improvements at the Veterans'
             249      Cemetery, with 15,000 new square feet;
             250          (b) no state funds be used for any portion of this project unless expressly appropriated
             251      for this purpose; and
             252          (c) the department may not request state funds for operation and maintenance costs or
             253      capital improvements.


             254          Section 4. Section 63B-18-301 is enacted to read:
             255     
Part 3. 2009 Property Authorizations

             256          63B-18-301. Authorizations to lease or dispose of property.
             257          (1) The Legislature intends that:
             258          (a) the Division of Facilities Construction and Management, acting in coordination
             259      with the Utah State Fair Corporation, may negotiate with the Utah Transit Authority for a
             260      long-term lease of land, or a license for long-term use of land, to the Utah Transit Authority at
             261      the State Fairpark; and
             262          (b) before entering into a contract with the Utah Transit Authority, the division shall:
             263          (i) obtain the approval of the State Building Board; and
             264          (ii) the State Building Board may approve the agreement only if the division
             265      demonstrates that the contract terms agree with Section 63A-5-306 and will be a benefit to the
             266      state.
             267          (2) The Legislature intends that:
             268          (a) the Department of Workforce Services may, in coordination with the Division of
             269      Facilities Construction and Management, sell a Temporary Placement Office in Salt Lake City,
             270      Utah, and three vacated buildings in Logan, Utah; and
             271          (b) sales shall be at fair market value.


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