The state auditor (not the same as the legislative auditor) has indicated that he will challenge HB 240 in court if the Governor signs it. The concern is a line in the Utah Constitution that denies the state the ability to own equity in a private company. The bill was specifically written to overcome these concerns, but apparently Auston Johnson is not satisfied. This is a concern that will have to be dealt with before the fund is viable. For the record, Auston Johnson is an elected official and will respond to his constituents. Write him at firstname.lastname@example.org.
HB 240 Update: Court Challenge?
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