Show t r. r Utah One of Nine States With l No Outstanding Long Debts l j Utah was one of nine states slates that had no term long-term general debt outstanding on June 30 r 1957 to a study reh rei re rc- i h leased this week by Utah Foundation Foun- Foun fi dation elation the private governmental tal tat research organization t I The study points out that while Utah has been paying off Its Indebtedness there has been beena a n large Increase In state stale bonded debt in the other stat states s of the nation during the past ten years Between 1947 and 1937 the outstanding outstanding out- out 4 standing term long-term full-faith full and credit debt of all states increased increased in- in J crea creased ed from 25 billion to 65 billion The general Indebtedness of f these states was equal to 39 30 J for every man mM woman and child in the nation at the end of 1957 t f Although Utah paid off ocr the thelast last of its general bonded debt I In 1955 the report notes that state institutions In Utah had incurred In non guar debt by the end of the 1957 fiscal year For the most part these obligations were In In- for dormitories student union buildings and other self- self liquidating enterprises es at the state Institutions of higher learnIng learn lean Ing Foundation analysts observe observe ob serve that such luch Indebtedness represents represents rep rep- resents a claim lm against the t te venue earnings of ot these special enterprises but Is not a general obligation of the state The rise In state debt throughout the nation nation na na- na tion has been startling accordIng accordIng accord accord- Ing to the Utah Foundation report reo re- re port At the end of 1947 1917 the debt of all states totaled million By Dy the close of the 1957 fiscal year total state debt exceeded exceeded ex ex- 7 billion an Increase more than twenty-fold twenty during the year ten-year period |