County issues bonds for construction projects

SALT LAKE CITY — Salt Lake County is issuing $77 million in County Revenue Bonds to fund major transportation infrastructure construction projects across the valley.

The state requested the county partner in the issue of the bonds, which will be repaid from the State Highway Projects Fund.

"This will expedite completion of a number of important transportation projects and provide hundreds of jobs in Salt Lake County," said County Mayor Peter Corroon.

SB 215, which passed during the 2010 Legislative Session, paved the way for the project. The law authorizes Salt Lake County to sign an interlocal agreement with the Utah Department of Transportation (UDOT) and cities in the county to use the bonds for transportation projects.

— Amy K. Stewart