SB1260: University of Utah Research Park Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to release the reversionary interest of the United States in certain non-Federal land in Salt Lake City, Utah, and for other purposes.
Plain-language summary
This bill would release the federal government's reversionary interest in non-federal land in Salt Lake City, Utah. A reversionary interest means the government retains a legal claim to land if certain conditions are no longer met. The University of Utah Research Park is the land in question. Sponsored by Senators Mike Lee and Mitt Romney, the bill would let the land owner have full control without federal restrictions. The bill has been introduced and is currently in the early stage of the legislative process.
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SB1260: University of Utah Research Park Act