72-2-120. Tollway Special Revenue Fund — Revenue.
| (1) |
There is created a special revenue fund within the Transportation Fund known as the “Tollway Special Revenue Fund.” |
Terms Used In Utah Code 72-2-120
- Commission: means the Transportation Commission created under Section 72-1-301. See Utah Code 72-1-102
- Construction: means the construction, reconstruction, replacement, and improvement of the highways, including the acquisition of rights-of-way and material sites. See Utah Code 72-1-102
- Department: means the Department of Transportation created in Section 72-1-201. See Utah Code 72-1-102
- Right-of-way: means real property or an interest in real property, usually in a strip, acquired for or devoted to state transportation purposes. See Utah Code 72-1-102
- State transportation systems: means all streets, alleys, roads, highways, pathways, and thoroughfares of any kind, including connected structures, airports, aerial corridor infrastructure, spaceports, public transit facilities, and all other modes and forms of conveyance used by the public. See Utah Code 72-1-102
| (2) |
The fund shall be funded from the following sources:
| (a) |
tolls collected by the department under Section 72-6-118; |
| (b) |
funds received by the department through a tollway development agreement under Section 72-6-203; |
| (c) |
appropriations made to the fund by the Legislature; |
| (d) |
contributions from other public and private sources for deposit into the fund; |
| (e) |
interest earnings on cash balances; and |
| (f) |
money collected for repayments and interest on fund money. |
|
| (3) |
The Division of Finance may create a subaccount for each tollway as defined in Section 72-6-118. |
| (4) |
The commission may authorize the money deposited into the fund to be spent by the department to establish and operate tollways and related facilities and state transportation systems, including design, construction, reconstruction, operation, maintenance, enforcement, impacts from tollways, and the acquisition of right-of-way. |
Amended by Chapter 269, 2018 General Session
