Utah Statutes
§ 63A-3-402 — Infrastructure funds established -- Purpose of funds -- Use of money in funds.
Utah·Title 63A Utah Government Operations Code·Ch. 63A-3 Division of Finance·Part 63A-3-4 Infrastructure Revolving Loan Funds
(1)There are created, as enterprise revolving loan funds:
(1)(a) the inland port infrastructure revolving loan fund;
(1)(b) the point of the mountain infrastructure revolving loan fund;
(1)(c) the fairpark area development revolving loan fund; and
(1)(d) the military development infrastructure revolving loan fund.
(2)The purpose of each infrastructure fund is to provide funding, through infrastructure loans, for infrastructure projects undertaken by a borrower.
(3)(3)(a) Money in an infrastructure fund may be used only to provide loans for infrastructure projects.
(3)(b) The division may not loan money in an infrastructure fund without the approval of:
(3)(b)(i) the respective loan approval body; and
(3)(b)(ii) the Executive Appropriations Committee of the Legislature, for a loan from t
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Legislative History
Amended by Chapter 419, 2024 General Session
Nearby Sections
15
§ 63A-1-101
Title.§ 63A-1-102
Purposes.§ 63A-1-103
Definitions.§ 63A-1-104
Creation of department.§ 63A-1-105.5
Rulemaking authority of executive director.§ 63A-1-109
Divisions of department -- Administration.§ 63A-1-109.5
Department authority to operate the department, a division, or an office as an internal service fund agency.§ 63A-1-112
Certificates of participation -- Legislative approval required -- Definition -- Exception.§ 63A-1-113
Agency exempt from title.§ 63A-1-114
Rate committee -- Membership -- Duties.