Bills / H.B. 514

H.B. 514 Utah Energy Council Amendments

Became lawWritten by Rep. R. Neil Walter · carried in the Senate by Sen. Ann Millner

  1. Introduced
  2. House committee
  3. House vote
  4. Senate committee
  5. Senate vote
  6. Signed into law

What this bill does

H.B. 514 would expand the Utah Energy Council from five to seven members, add a co-chair structure, and designate it as the State Energy Financing Institution for certain federal energy grants and financing. It would also let the Council issue bonds or other debt for energy infrastructure, with repayment limited to project revenues and assets operated by a third-party operator.

Plain-English summary written by AI from the official description. Check the official text below.

Official description
  • defines terms
  • expands the Utah Energy Council (council) membership from five to seven members
  • establishes a co-chair structure for council leadership
  • designates the council as a state energy financing institution
  • creates the Utah Energy Infrastructure Service District (district) as a political subdivision of the state
  • provides that council members serve concurrently as the board of trustees of the district
  • authorizes the district to acquire, own, and operate energy infrastructure facilities within a designated service area
  • authorizes the district to issue revenue bonds payable solely from district revenues and not subject to the state constitutional debt limitation
  • requires the State Finance Review Commission to review and approve district revenue bonds before issuance
  • creates the Energy Infrastructure Enterprise Fund
  • authorizes the district to enter into operating contracts with private operators for district-owned facilities
  • exempts district property from taxation and subjects operators to the privilege tax
  • provides for dissolution of the district by the board or by an act of the Legislature
  • makes technical and conforming changes
Full text and history on le.utah.gov →
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