H.B. 105 Enrolled

1

TRANSPORTATION INFRASTRUCTURE LOAN
2 FUND AMENDMENTS
3 2008 GENERAL SESSION
4 STATE OF UTAH
5 Chief Sponsor: Julie Fisher
6 Senate Sponsor: Scott K. Jenkins
7
8 LONG TITLE
9 General Description:
10 This bill modifies the Transportation Finances Act by amending provisions relating to
11 the Transportation Infrastructure Loan Fund.
12 Highlighted Provisions:
13 This bill:
14 . expands the definition of transportation project to include a local highway as a
15 project that is eligible for an infrastructure loan or infrastructure assistance from the
16 Transportation Infrastructure Loan Fund; and
17 . makes technical changes.
18 Monies Appropriated in this Bill:
19 None
20 Other Special Clauses:
21 None
22 Utah Code Sections Affected:
23 AMENDS:
24 72-2-201, as last amended by Laws of Utah 2007, Chapter 329
25
26 Be it enacted by the Legislature of the state of Utah:
27 Section 1. Section 72-2-201 is amended to read:
28 72-2-201. Definitions.
29 As used in this part:

30 (1) "Fund" means the Transportation Infrastructure Loan Fund created under Section
31 72-2-202 .
32 (2) "Infrastructure assistance" means any use of fund moneys, except an infrastructure
33 loan, to provide financial assistance for transportation projects, including [to finance leases,
34 fund reserves, make grants, make interest buy-down grants, leases, or loans]:
35 (a) capital reserves and other security for bond or debt instrument financing; or
36 (b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a
37 public entity to finance transportation projects.
38 (3) "Infrastructure loan" means a loan of fund monies to finance a transportation
39 project.
40 (4) "Public entity" means a state agency, county, municipality, local district, special
41 service district, or an intergovernmental entity organized under state law.
42 (5) "Transportation project":
43 (a) means a project to improve [the state transportation systems] a state or local
44 highway; and
45 (b) includes the costs of acquisition, construction, reconstruction, rehabilitation,
46 equipping, and fixturing.