Utah Statutes
§ 72-2-306 — Distribution of funds after repayment.
Utah·Title 72 Transportation Code·Ch. 72-2 Transportation Finances Act·Part 72-2-3 County of the First Class Infrastructure Bank Fund
(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.
(2)As the department receives repayment of a loan and interest issued under this part, the department shall distribute:
(2)(a) 95% of the money to Sandy, for a bridge connecting a commuter rail station on the west side of I-15 with property owned by Sandy City at approximately 10240 South Monroe Street on the east side of I-15; and
(2)(b) 5% to the department for improvements to 12600 South in Riverton to facilitate a jurisdictional transfer of the road from Riverton to the state.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 72-2-306 (Distribution of funds after repayment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 502, 2025 General Session
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.