Utah Code 72-2-121. County of the First Class Highway Projects Fund
Current as of: 2023 | Check for updates
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72-2-121. County of the First Class Highway Projects Fund.
(1) | There is created a special revenue fund within the Transportation Fund known as the “County of the First Class Highway Projects Fund.” |
(2) | The fund consists of money generated from the following revenue sources:
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(3) |
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(4) | Subject to Subsection (9), the executive director shall use the fund money only:
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(5) |
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(6) | The revenues described in Subsections (2)(b), (c), and (d) that are deposited into the fund and bond proceeds from bonds issued under Sections 63B-16-102, 63B-18-402, and 63B-27-102 are considered a local matching contribution for the purposes described under Section 72-2-123. |
(7) | The additional administrative costs of the department to administer this fund shall be paid from money in the fund. |
(8) | Subject to Subsection (9), and notwithstanding any statutory or other restrictions on the use or expenditure of the revenue sources deposited into this fund, the Department of Transportation may use the money in this fund for any of the purposes detailed in Subsection (4). |
(9) | Any revenue deposited into the fund as described in Subsection (2)(e) shall be used to provide funding or loans for public transit projects, operations, and supporting infrastructure in the county of the first class. |
Amended by Chapter 529, 2023 General Session