Utah Code 72-2-306. Distribution of funds after repayment
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(1) Any money deposited into the fund from repayment of a loan or interest issued under this part shall be distributed as described in this section.
Terms Used In Utah Code 72-2-306
- 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
- Fund: means the County of the First Class Infrastructure Bank Fund created under Section
72-2-402 . See Utah Code 72-2-301 - Property: includes both real and personal property. See Utah Code 68-3-12.5
(2) As the department receives repayment of a loan and interest issued under this part, the department shall distribute:
(2)(a) 50% of the money to Sandy, for a bridge connecting a commuter rail station on the west side of I-15 with the east side of I-15;
(2)(b) 30% of the money to Bluffdale, for construction of a multiple lane, grade-separated rail crossing at 1000 West and 14600 South; and
(2)(c) 20% of the money to the department, to construct and provide enhanced ingress and egress to a transit mobility center on property north of Big Cottonwood Canyon.