OCR Text |
Show TWO ROAD PROJECTS APPROVED 0! U, S. Application of State to Sell Bonds Favorably Considered Consid-ered by Committee. I.. JH. Farnsworth. state representative of the capital issues committee, forwarded to Governor Bamberger yesterday copies of correspondence between the committee at Washington and the district committee at San Francisco. The letter has to do With an application of the I tali state road commission to sell $300,000 of state road bonds, an application which went, of course, before the capital issues commit com-mit tec. In a letter- lo the district committee F. H. fJoff. vice chairman of t be capital issues committee, says that the committee has approved the sale of bonds to cover two road projects in the state, totaling J3Sl.t32.lJ. Of this $131,132.12 is allowed for the forty-five miles of highway between be-tween Cast legate and Duchesne, which the state is building in co-operation with the federal government, and of which the state's share, as a matter of fact, is just one-half the amount given, since the federal government pays one-half. The other $50,000 is for the const ruction of four and one-half miles of hard surface road in Davis county between Bountiful and Centervllle. The letter says that leave is given to the state road commission to renew its application for an additional amount, upon f urnishing details regarding the other road projects connected with the bond issue which may be submitted by the capital cap-ital issues committee to the United States Highways council. However, the state has already submitted sub-mitted voluminous detail with regard to the various road projects in Utah direct to the highways council. As a matter of fact, however, the state has already sold $200,000 or the S500.000 asked for from the capital issues committee, com-mittee, but has sold the bonds to other state funds, and in a market where the law does not permit the purchase of United States securities. When, it was asked some time ago, by the capital issues is-sues committee, to revise its estimates so as to determine the minimum amount on which the state could carry to comple-lion comple-lion all road work really necessary in wartime emergency, the state road commission com-mission furnished details to show that it could not get along with less 'than the sale of $381,000. Mr. Goff's letter was dated October ?0. Just what effect that signing of the armistice armi-stice would have on the capital issues committee's attitude is not yet clear to state officials. |