Utah § 72-2-306 Distribution of funds after repayment.

Utah Statutes

§ 72-2-306 — Distribution of funds after repayment.

Utah § 72-2-306

Title 72Transportation Code

Ch. 72-2Transportation Finances Act

Part 72-2-3County of the First Class Infrastructure Bank Fund

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Bluebook

Utah Code Ann. § 72-2-306 (2026).

Text

(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.

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(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.