Utah Code Title 11. Cities, Counties, and Local Taxing Units § 11-59-104. Loan committee--Approval of infrastructure loans

(a) “Borrower” means the same as that term is defined in Section 63A-3-401.5.

(b) “Infrastructure loan” means the same as that term is defined in Section 63A-3-401.5.

(c) “Infrastructure project” means the same as that term is defined in Section 63A-3-401.5.

(d) “Point of the mountain fund” means the same as that term is defined in Section 63A-3-401.5.

(e) “Loan committee” means a committee established under Subsection (2).

(a) the individual who is the board member appointed by the governor under Subsection 11-59-302(2)(c)(ii);

(b) the individual who is a board member under Subsection 11-59-302(2)(e) because the individual is the mayor of Draper or a member of the Draper city council;

(c) the executive director of the Department of Transportation, or the executive director's designee;

(d) an individual, appointed by the governor, who:

(e) an individual, appointed jointly by the president of the Senate and speaker of the House of Representatives, who:

(3)(a) The loan committee may recommend for board approval an infrastructure loan from the point of the mountain fund to a borrower for an infrastructure project undertaken by the borrower.

(b) An infrastructure loan from the point of the mountain fund may not be made unless:

(a) the Executive Appropriations Committee; and

(b) the State Finance Review Commission created in Section 63C-25-201.

(7)(a) Salaries and expenses of committee members who are legislators shall be paid in accordance with Section 36-2-2 and Legislative Joint Rules, Title 5, Chapter 3, Legislator Compensation.

(b) A committee member who is not a legislator may not receive compensation or benefits for the member's service on the committee, but may receive per diem and reimbursement for travel expenses incurred as a committee member at the rates established by the Division of Finance under: