SALT LAKE CITY -- A bill inspired by the financial
travails of the Utah Telecommunications Open Infrastructure Agency (UTOPIA) putting
limits on using proceeds from a bond for operating expenses for more than a
year has passed the Senate.
SB 172, sponsored by Sen. John Valentine, R-Orem, passed the Senate on
Wednesday and now advances to the House.
The Orem lawmaker likened using a bond for operational expenses to
paying for a mortgage by using a credit card.
Valentine said the bill will not go back and undo UTOPIA, because the
rules would go into effect March 14 this year.
Layton, Tremonton, Brigham City, Perry and Centerville are all members
of the fiber network, which has struggled financially since its inception
almost a decade ago.
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