Section 103 – Highway bonds debt limitation.

• (1) Notwithstanding Subsection 63B-27-101(1)(c), the commission may issue a general obligation bond authorized under Section 63B-27-101 if the issuance of the general obligation bond would result in the total current outstanding general obligation debt of the state exceeding 50% of the limitation described in the Utah Constitution, Article XIV, Section 1.

• (2) This section supersedes any conflicting provisions of Utah law.

Enacted by Chapter 2, 2020 Special Session 3