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Lawmakers tweak already approved $1.5 billion in bonds for prison, highways

Related Topics: Prison, Highway, Billion, Bond (finance)

Lawmakers took steps Monday to ensure that all of the $1 billion in borrowing they authorized last year to speed highway projects will go to roads, and another $570 million in bonds OK’d for the new state prison will go exclusively to that project.

Sen. Wayne Harper, R-Taylorsville, said questions had arisen about whether the costs of issuing the bonds — such as hiring bond counsel and use of rating agencies — would come out of the authorized amount, or on top of it.

The Senate Transportation Committee voted unanimously to endorse that bill on Monday and sent it to the full Senate.