Utah Statutes
§ 72-2-205 — Loan contracts of state agencies.
Utah·Title 72 Transportation Code·Ch. 72-2 Transportation Finances Act·Part 72-2-2 State Infrastructure Bank Fund
(1)(1)(a) Notwithstanding Sections 53H-9-314 and 63A-1-112, a state agency may obtain an infrastructure loan.
(1)(b) A state agency may contract to repay an infrastructure loan from the money which is appropriated to the agency and may pledge all or any portion of the money to repay the loan.
(1)(c) A state agency's infrastructure loan may not constitute a debt of the state or lending the credit of the state within the meaning of any constitutional or statutory limitation.
(2)The terms of an infrastructure loan contract shall bind the state and a state agency, and the state agency shall unconditionally repay the loan from the money the agency has pledged under the terms of the loan contract.
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Utah § 72-2-205 (Loan contracts of state agencies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 9, 2025 Special Session 1
Nearby Sections
15
§ 72-1-101
Title.§ 72-1-102
Definitions.§ 72-1-201
Creation of Department of Transportation -- Functions, powers, duties, rights, and responsibilities.§ 72-1-203
Deputy director -- Appointment -- Qualifications -- Other assistants and advisers -- Salaries.§ 72-1-204
Divisions enumerated -- Duties.§ 72-1-212
Special use permitting -- Rulemaking.