From legislation to living law; a refined HB 240 is poised to impact Utah's technology marketplace.
Utah Business › Vol. 18 Nbr. 1, January 2004
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Summary
Venture Capital Enhancement Act, House Bill
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From legislation to living law; a refined HB 240 is poised to impact Utah's technology marketplace.
Last year, an unanticipated juggernaut called House Bill 240, the "Venture Capital Enhancement Act," sailed through the Utah Legislative General Session, winning near-unanimous support in the House and 75 percent of the Senate vote. After formally signing HB 240 into law, Gov. Leavitt stood before a gathering of several hundred industry executives and professionals at a Utah Information Technology Association (UITA) event April 3 to perform a ceremonial signing of the bill in front of some of those who had worked so hard for its passage. * The rapid passage of HB 240 surprised even some of its staunchest proponents. As attorney Jerry Oldroyd, one of the bill's chief authors and proponents, said at the time (as p...
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