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S. 1260, University of Utah Research Park Act (CBO Report for Congress)

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Congress 118th
Date Requested July 25, 2023
Requested By the Senate Committee on Energy and Natural Resources
Date Sent Jan. 2, 2024
Description:
S. 1260 would confirm the acceptability of the University of Utah’s ongoing use of a 594‑acre parcel of land. In 1968, the Department of the Interior conveyed the land to the university under the condition that it be used for public purposes. The university established and is currently operating an academic research park on the land, which houses technology, education, and medical facilities. The bill also would allow the university to develop student housing and a transit hub on the land and to use the area for other purposes related to the research park. Because those new uses would have no cost to the federal government, CBO estimates that enacting S. 1260 would have no effect on the federal budget.

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