(1) There is created a special revenue fund within the Transportation Fund known as the "County of the First Class Highway Projects Fund." (2) The fund consists of money generated from the following revenue sources: (a) any voluntary contributions received for new construction, major renovations, and improvements to highways within a county of the first class; (b) the portion of the sales and use tax described in Subsection 59-12-2214(3)(b) deposited into or transferred to the fund; (c) the portion of the sales and use tax described in Section 59-12-2217 deposited into or transferred to the fund; (d) a portion of the local option highway construction and transportation corridor preservation fee imposed in a county of the first class under Section 41-1a-1222 deposited into or transferred to the fund; (e) the portion of the sales and use tax transferred into the fund as described in Subsections 59-12-2220(4)(a) and 59-12-2220(11)(b); and (f) revenue from bond proceeds described in Section 63B-34-101 for repayment of grants paid from fund money in accordance with Subsection (4)(m). (3) (a) The fund shall earn interest. (b) All interest earned on fund money shall be deposited into the fund. (4) Subject to Subsection (11), the executive director shall use the fund money only: (a) to pay debt service and bond issuance costs for bonds issued under Sections 63B-16-102, 63B-18-402, and 63B-27-102; (b) for right-of-way acquisition, new construction, major renovations, and improvements to highways within a county of the first class and to pay any debt service and bond issuance costs related to those projects, including improvements to a highway located within a municipality in a county of the first class where the municipality is located within the boundaries of more than a single county; (c) for the construction, acquisition, use, maintenance, or operation of: (i) an active transportation facility for nonmotorized vehicles; (ii) multimodal transportation that connects an origin with a destination; or (iii) a facility that may include a: (A) pedestrian or nonmotorized vehicle trail; (B) nonmotorized vehicle storage facility; (C) pedestrian or vehicle bridge; or (D) vehicle parking lot or parking structure; (d) to transfer to the 2010 Salt Lake County Revenue Bond Sinking Fund created by Section
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