72-1-213.2.  Road Usage Charge Program Special Revenue Fund — Revenue.

(1)  There is created an expendable special revenue fund within the Transportation Fund known as the “Road Usage Charge Program Special Revenue Fund.”

Terms Used In Utah Code 72-1-213.2

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Department: means the Department of Transportation created in Section 72-1-201. See Utah Code 72-1-102
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Road: includes :Utah Code 68-3-12.5
(2) 

(a)  The fund shall be funded from the following sources:

(i)  revenue collected by the department under Section 72-1-213.1;

(ii)  appropriations made to the fund by the Legislature;

(iii)  contributions from other public and private sources for deposit into the fund;

(iv)  interest earnings on cash balances; and

(v)  money collected for repayments and interest on fund money.

(b)  If the revenue derived from the sources described in Subsection (2)(a) is insufficient to cover the costs of administering the road usage charge program, subject to Subsection 72-2-107(1), the department may transfer into the fund revenue deposited into the Transportation Fund from the fee described in Subsections 41-1a-1206(1)(h) and (2)(b) in an amount sufficient to enable the department to administer the road usage charge program.

(3) 

(a)  Revenue generated by the road usage charge program and relevant penalties shall be deposited into the Road Usage Charge Program Special Revenue Fund.

(b)  Revenue in the Road Usage Charge Program Special Revenue Fund is nonlapsing.

(4)  The department may use revenue deposited into the Road Usage Charge Program Special Revenue Fund:

(a)  to cover the costs of administering the program; and

(b)  for the purposes described in Subsection (5).

(5)  If revenue collected by the department under Section 72-1-213.1 in a fiscal year is sufficient to cover all costs related to administering the road usage charge program in that fiscal year, the department shall deposit any excess revenue collected by the department under Section 72-1-213.1 from the Road Usage Charge Program Special Revenue Fund into the Transportation Fund for appropriation and apportionment in accordance with Section 72-2-107.

Amended by Chapter 22, 2023 General Session
Amended by Chapter 490, 2023 General Session

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