COBI 2015 - TIF Capacity Program

Overview
Issues
Performance
Background
Financials

Sources Uses

FY 2016 Appropriation

The Transportation Investment Fund Capacity Program enables the Department to manage highway capacity construction programs that were previously designated Centennial Highway Fund, Critical Needs Highway Fund, and Transportation Investment Fund of 2005 as one program. This allows the Department to develop new capacity highways from the design stage through their completion without switching back and forth between line items for accounting tracking purposes.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $202,406,000 from all sources for TIF Capacity Program. This is a 16.2 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources.

Statute

The Construction Program of the Utah Department of Transportation is governed by the Utah Transportation Code 72-06.

The Transportation Investment Fund of 2005 was created under Title 72-2-124. The funds deposited into the Transportation Investment Fund of 2005 are to be used by the Department to pay the costs of maintenance, construction, reconstruction, or renovation to state and federal highways prioritized by the Transportation Commission through the prioritization process for new transportation capacity projects adopted under Section 72-1-304

Intent Language

SB0002: Item 31

There is appropriated to the Department of Transportation from the Transportation Investment Fund of 2005, not otherwise appropriated, a sum sufficient, but not more than the surplus of the Transportation Investment Fund of 2005, to be used by the Department for the construction, rehabilitation, and preservation of State and Federal highways in Utah. No portion of the money appropriated by this item shall be used either directly or indirectly to enhance or increase the appropriations otherwise made by this act to the Department of Transportation for other purposes.

Display By:

Program

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Transportation Investment Fund Capacity	14,543,200	31,061,500	209,108,500	2,848,700	241,489,200	0	241,489,200	(39,083,200)	202,406,000
Total	$14,543,200	$31,061,500	$209,108,500	$2,848,700	$241,489,200	$0	$241,489,200	($39,083,200)	$202,406,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Transportation Investment Fund of 2005	14,543,200	31,061,500	209,108,500	224,683,900	241,489,200	0	241,489,200	(39,083,200)	202,406,000
Lapsing Balance	0	0	0	(221,835,200)	0	0	0	0	0
Total	$14,543,200	$31,061,500	$209,108,500	$2,848,700	$241,489,200	$0	$241,489,200	($39,083,200)	$202,406,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Capital Outlay	14,543,200	31,061,500	209,108,500	2,848,700	241,489,200	0	241,489,200	(39,083,200)	202,406,000
Total	$14,543,200	$31,061,500	$209,108,500	$2,848,700	$241,489,200	$0	$241,489,200	($39,083,200)	$202,406,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.