Go to Previous Versions
of
this Section
2025 Utah Code
Title 72 - Transportation Code
Chapter 2 - Transportation Finances Act
Part 2 - State Infrastructure Bank Fund
Section 201 - Definitions.
Universal Citation:
UT Code § 72-2-201 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective 2/27/2023
72-2-201. Definitions.
As used in this part:
Amended by Chapter 16, 2023 General Session
72-2-201. Definitions.
As used in this part:
- (1) "Fund" means the State Infrastructure Bank Fund created under Section 72-2-202.
- (2) "Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure projects, including:
- (a) capital reserves and other security for bond or debt instrument financing; or
- (b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a public entity to finance transportation projects.
- (3) "Infrastructure loan" means a loan of fund money to finance a transportation project or publicly owned infrastructure project.
- (4) "Public entity" means a state agency, county, municipality, special district, special service district, an intergovernmental entity organized under state law, or the military installation development authority created in Section 63H-1-201.
- (5) "Publicly owned infrastructure project" means a project to improve sewer or water infrastructure that is owned by a public entity.
- (6) "Transportation project":
- (a) means a project:
- (i) to improve a state or local highway;
- (ii) to improve a public transportation facility or nonmotorized transportation facility;
- (iii) to construct or improve parking facilities;
- (iv) that is subject to a transportation reinvestment zone agreement pursuant to Section 11-13-227 if the state is party to the agreement; or
- (v) that is part of a housing and transit reinvestment zone created pursuant to Title 63N, Chapter 3, Part 6, Housing and Transit Reinvestment Zone Act;
- (b) includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing; and
- (c) may only include a project if the project is part of:
- (i) the statewide long range plan;
- (ii) a regional transportation plan of the area metropolitan planning organization if a metropolitan planning organization exists for the area; or
- (iii) a local government general plan or economic development initiative.
- (a) means a project:
Amended by Chapter 16, 2023 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
