Utah Statutes

§ 72-2-301 — Definitions.

Utah·Title 72 Transportation Code·Ch. 72-2 Transportation Finances Act·Part 72-2-3 County of the First Class Infrastructure Bank Fund

As used in this part:

(1)"Fund" means the County of the First Class Infrastructure Bank Fund created under Section 72-2-402.
(2)"Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure projects, including:
(2)(a) capital reserves and other security for bond or debt instrument financing; or
(2)(b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a public entity to finance transportation projects.
(3)"Infrastructure loan" means a loan of fund money to finance a transportation project or publicly owned infrastructure project.
(4)"Public entity" means a county of the first class or any of the following located within a county of t

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Legislative History

Enacted by Chapter 501, 2024 General Session

Nearby Sections

15
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