The Latest: Utah Senate OKs plan for $1B in bonds for roads

By The Associated Press | Posted - Mar. 6, 2017 at 5:42 p.m.



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SALT LAKE CITY (AP) — The Latest on a proposal to issue up to $1 billion in bonds to pay for road projects (all times local):

5:45 p.m.

The Utah Senate has passed a plan to borrow up to $1 billion through bonds to pay for highway projects.

The Senate on Monday evening approved the measure, which borrows the $1 billion over four years. It now advances to the House for consideration.

Taylorsville Republican Sen. Wayne Harper sponsors the bill and says the state Department of Transportation would decide which of their already-approved projects they'll fund with the money.

Legislators say that by using the bond money for road projects, other cash will be freed up to pay for schools.

Harper says state leaders want to take advantage of current low bond rates.

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5:15 p.m.

A panel of Utah lawmakers on Monday approved a plan to borrow up to $1 billion through bonds to pay for highway projects.

The Senate Transportation Committee on Monday approved the measure, which borrows the $1 billion over four years. It now advances to the full Senate for consideration.

Taylorsville Republican Sen. Wayne Harper sponsors the bill and says the state Department of Transportation would decide which of their already-approved projects they'll fund with the money.

Legislators say that by using the bond money for road projects, other cash will be freed up to pay for schools.

Harper says state leaders want to take advantage of current low bond rates.

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The Associated Press

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