Utah

Intermountain Power Agency's bond sale comes after Utah lawmakers tweaked a state law to address concerns about its impact on the agency's outstanding debt.

Votes on Amendment A, which would have allowed excess income tax revenue earmarked for public education to flow into the state budget, will not be counted.

The city council unanimously passed a deal that could lead to the issuance of up to $900 million of bonds and a sales tax hike to pay off the debt.

Litigation in Arizona, Oklahoma, Texas, and Utah could determine bond issuance, culpability for defaults, or the constitutionality of underwriter bans.

Litigation filed by environmental groups aims to reverse actions taken by the agency's board since it was restructured by the state legislature in 2022.

Amendment A on the Nov. 5 ballot would allow the state government to tap revenue currently earmarked for public education for other purposes.

The Investment Company Institute reported more than $1.3 billion of inflows into muni mutual funds. The last time inflows topped $1 billion, per ICI data, was for the week ending Feb. 7. LSEG Lipper has reported weeks with $1 billion plus inflows on July 31 and May 8.

Salt Lake City School District is seeking $730 million of bonds and Salt Lake County is asking for $507 million of bonds at the Nov. 5 general election.

A 2023 U.S. Appeals Court ruling derailed federal approvals for the Uinta Basin Railway, which plans to seek up to $2 billion in private-activity bonds.

Legislation passed by Utah lawmakers during a special session addresses concerns from the Intermountain Power Agency about a new law to keep a coal-fired power plant operating.

The lawsuit filed in 2017 points to funding disparities when public school districts turn to local property taxes and bond issuance for capital funding.

A Utah law may be tapped to issue bonds to renovate a downtown Salt Lake City basketball arena to accommodate the former Arizona Coyotes.

Utah's Seven County Infrastructure Coalition has asked the U.S. Supreme Court to review an appeals court ruling that led to the loss of federal permits for a proposed bond-financed railway that would transport crude oil.

Gov. Spencer Cox wrapped up action on hundreds of bills passed by lawmakers, including measures to boost or limit bond issuance and potentially put some outstanding debt at risk.

The Intermountain Power Agency has warned that the measure, which is aimed at preserving the state's largest coal-fired power plant, poses risks to its bond-financed transition to cleaner fuels.

Intermountain Power Agency contends the bill passed by lawmakers, awaiting action by the governor, poses a risk to bonds it sold to finance a transition to cleaner fuels.

State lawmakers last week passed bills including stadium financing to boost efforts to lure professional baseball and hockey teams to Salt Lake City.

Escalating costs led University of Utah Health to seek a doubling of its bonding authority from the state legislature for a medical campus project.

Proponents of the proposed bond-financed 86-mile railway in northeast Utah are hoping Congress or a U.S. Supreme Court review can advance the project.

The proposed bond-financed Uinta Basin Railway has been hit with regulatory setbacks in the wake of a 2023 federal court ruling.