Utah Code Title 63A. Utah Government Operations Code § 63A-3-402. Infrastructure funds established--Purpose of funds--Use of money in funds

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) There are created, as enterprise revolving loan funds:

(a) the inland port infrastructure revolving loan fund;

(b) the point of the mountain infrastructure revolving loan fund;

(d) the military development infrastructure revolving loan fund.

(2) The purpose of each infrastructure fund is to provide funding, through infrastructure loans, for infrastructure projects undertaken by a borrower.

(3)(a) Money in an infrastructure fund may be used only to provide loans for infrastructure projects.

(b) The division may not loan money in an infrastructure fund without the approval of:

(i) the respective loan approval body; and

(ii) the Executive Appropriations Committee of the Legislature, for a loan from the inland port fund, the point of the mountain fund, or the fairpark area development fund.

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Cite this article: FindLaw.com - Utah Code Title 63A. Utah Government Operations Code § 63A-3-402. Infrastructure funds established--Purpose of funds--Use of money in funds - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63a-utah-government-operations-code/ut-code-sect-63a-3-402/

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