Utah § 63A-3-402 Infrastructure funds established -- Purpose of funds -- Use of money in funds.

Utah Statutes

§ 63A-3-402 — Infrastructure funds established -- Purpose of funds -- Use of money in funds.

Utah § 63A-3-402

Title 63AUtah Government Operations Code

Ch. 63A-3Division of Finance

Part 63A-3-4Infrastructure Revolving Loan Funds

This text of Utah § 63A-3-402 (Infrastructure funds established -- Purpose of funds -- Use of money in funds.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63A-3-402 (2026).

Text

(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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(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 the inland port fund, the point of the mountain fund, or the fairpark area development fund.