Utah Code 63A-3-403. Money in infrastructure funds
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(1) Money in each of the infrastructure funds shall be kept separate and accounted for separately from money in the other infrastructure funds.
Terms Used In Utah Code 63A-3-403
- Independent political subdivision: means :(3)(a) the Utah Inland Port Authority created in Section
11-58-201 ;(3)(b) the Point of the Mountain State Land Authority created in Section11-59-201 ;(3)(c) the Utah Fairpark Area Investment and Restoration District created in Section11-70-201 ; or(3)(d) the Military Installation Development Authority created in Section63H-1-201 . See Utah Code 63A-3-401.5- Infrastructure fund: means a fund created in Subsection
63A-3-402 (1). See Utah Code 63A-3-401.5- Military development fund: means the infrastructure fund created in Subsection
63A-3-402 (1)(d). See Utah Code 63A-3-401.5- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) Each infrastructure fund includes money:(2)(a) appropriated to that fund by the Legislature;(2)(b) transferred to the fund from the State Infrastructure Bank Fund created in Section 72-2-202, if applicable;(2)(c) from federal, state, or other public grants or contributions;(2)(d) that an independent political subdivision transfers to the fund from other money available to the independent political subdivision;(2)(e) contributed or granted to the infrastructure fund from a private source; and(2)(f) collected from repayments of loans of infrastructure fund money.(3) In addition to money identified in Subsection (2), the military development fund includes money repaid under the terms of a loan agreement, as described in Section 63A-3-404, executed on or after October 1, 2021, from a loan under Subsection 63B-27-101(3)(a)(i).(4)(4)(a) Each infrastructure fund shall earn interest.(4)(b) All interest earned on infrastructure fund money shall be deposited into the respective infrastructure fund and included in the money of the infrastructure fund available to be loaned.(5) The state treasurer shall invest infrastructure fund money as provided in Title 51, Chapter 7, State Money Management Act. - Infrastructure fund: means a fund created in Subsection