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First Substitute H.B. 242
This document includes House Floor Amendments incorporated into the bill on Wed, Feb 27, 2008 at 11:10 AM by ddonat. --> This document includes Senate 3rd Reading Floor Amendments incorporated into the bill on Mon, Mar 3, 2008 at 3:40 PM by rday. -->
7 LONG TITLE
8 General Description:
9 This bill modifies provisions relating to the use of monies in the County of the First
10 Class State Highway Projects Fund.
11 Highlighted Provisions:
12 This bill:
13 . provides that $30,000,000 of certain bond proceeds previously authorized shall be
14 used to pay for or to provide funds to a municipality or county to pay for the costs of
15 right-of-way acquisition, construction, reconstruction, renovations, or improvements
16 to certain highways within Salt Lake County;
17 . requires that, for the fiscal year 2008-2009 only, the Executive Director of the
18 Department of Transportation shall use monies in the County of the First Class State
19 Highway Projects Fund to pay for or to provide a municipality or county funds to
20 pay for the costs of right-of-way acquisition, construction, reconstruction,
21 renovations, or improvements to certain highways within Salt Lake County; H. [
21a . provides t
21b of the First Class State Highway Projects Fund, a municipality or county shall sign and file
21c a written certification with the Department of Transportation certifying that it will use the
21d funds solely for designated
21e projects; and .H
22 . makes technical changes.
23 Monies Appropriated in this Bill:
25 Other Special Clauses:
26 This bill takes effect on July 1, 2008.
27 Utah Code Sections Affected:
29 63B-16-102, as enacted by Laws of Utah 2007, Chapter 201
30 72-2-121, as last amended by Laws of Utah 2007, Chapter 201
32 Be it enacted by the Legislature of the state of Utah:
33 Section 1. Section 63B-16-102 is amended to read:
34 63B-16-102. Highway bonds -- Maximum amount -- Projects authorized.
35 (1) (a) The total amount of bonds issued under this section may not exceed
37 (b) When the Department of Transportation certifies to the commission the amount of
38 bond proceeds that it needs to provide funding for the highway construction project described
39 in Subsection (2) for the next fiscal year, the commission may issue and sell general obligation
40 bonds in an amount equal to the certified amount plus costs of issuance.
41 (2) (a) As used in this Subsection (2), "Mountain View Corridor" means the land area
42 of Salt Lake County running from Interstate 80 south between SR-154 and SR-111 to 12600
43 South and then south and southeasterly to the northern portion of Utah County west of SR-15.
44 (b) [
45 bonds shall be provided to the Department of Transportation to pay for the costs of acquiring
46 rights-of-way and constructing a highway construction project within the Mountain View
48 (c) The Department of Transportation shall use bond proceeds to pay for the portion of
49 the highway construction project described in Subsection (2) that is located in Salt Lake
51 (d) The costs under this Subsection (2) may include the cost of acquiring land, interests
52 in land, easements and rights-of-way, improving sites, and making all improvements necessary,
53 incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the
54 period to be covered by construction of the projects plus a period of six months after the end of
55 the construction period, interest estimated to accrue on any bond anticipation notes issued
56 under the authority of this title, and all related engineering, architectural, and legal fees.
57 (3) (a) $30,000,000 of the bond proceeds issued under this section shall be provided to
58 the Department of Transportation and funds under Subsection 72-2-121 (4)(c) shall be used by
59 the Department of Transportation to pay for or to provide funds to a municipality or county to
60 pay for the costs of right-of-way acquisition, construction, reconstruction, renovations, or
61 improvements to highways described in Subsection (3)(b).
62 (b) Bond proceeds described under Subsection (3)(a) and funds under Subsection
63 72-2-121 (4)(c) shall be used to pay the amounts described in this Subsection (3)(b) for the
64 following highways in Salt Lake County:
65 (i) $6,500,000 to Taylorsville City for 6200 South and Redwood Road intersection,
66 interchange, and highway improvements;
67 (ii) S. [
68 (iii) $4,000,000 to West Jordan City for 7800 South and Airport Road intersection and
69 highway improvements;
70 (iv) S. [
70a South, and State
71 Street to Interstate 15;
72 (v) $1,500,000 to Riverton City for right-of-way acquisition between Mountain View
73 Corridor and Bangerter Highway north of 13400 South;
74 (vi) $3,500,000 for highway and bridge construction and reconstruction on 14600
76 (vii) $11,000,000 to Draper City for the costs of highway improvements in the Salt
77 Lake County portion of Draper City;
78 (viii) $1,000,000 to Murray City for highway S. [
79 South and
80 (ix) $1,000,000 to Cottonwood Heights for Fort Union Boulevard between 1300 East
81 and Highland Drive S. ;
81a1 (x) $1,000,000 to Midvale City for State Street between 7200 South and 9000 South; and
81b1 (xi) $250,000 to Salt Lake County for 2300 East .S .
81a H. (c) Prior to a municipality or county receiving funds described in this Subsection
81b (3), the municipality or county shall sign and file a written certification with the department
81c certifying that it will use the funds provided under this Subsection (3) solely for the projects
81d described in Subsection (3)(b). .H
83 relating to a reimbursement that is necessary or desirable to comply with federal tax law.
85 project before the receipt of proceeds of bonds issued under this chapter.
86 Section 2. Section 72-2-121 is amended to read:
87 72-2-121. County of the First Class State Highway Projects Fund.
88 (1) There is created a special revenue fund entitled the County of the First Class State
89 Highway Projects Fund.
90 (2) The fund consists of monies generated from the following revenue sources:
91 (a) any voluntary contributions received for new construction, major renovations, and
92 improvements to state highways within a county of the first class;
93 (b) the portion of the sales and use tax described in Subsection 59-12-502 (5)(a)[
94 deposited in or transferred to the fund;
95 (c) the portion of the sales and use tax described in Subsection 59-12-1703 (4)(a)(ii)
96 and required by Subsection 59-12-1703 (7)(b)(ii) to be deposited in or transferred to the fund;
98 (d) a portion of the local option transportation corridor preservation fee imposed in a
99 county of the first class under Section 41-1a-1222 deposited in or transferred to the fund.
100 (3) (a) The fund shall earn interest.
101 (b) All interest earned on fund monies shall be deposited into the fund.
102 (4) The executive director [
103 (a) to pay debt service and bond issuance costs for bonds issued under Section
104 63B-16-102 ; [
105 (b) for right-of-way acquisition, new construction, major renovations, and
106 improvements to state highways within a county of the first class and to pay any debt service
107 and bond issuance costs related to those projects[
108 (c) for fiscal year 2008-09 only, to pay for or to provide funds to a municipality or
109 county to pay for right-of-way acquisition, construction, reconstruction, renovations, and
110 improvements to highways described in Subsection 63B-16-102 (3).
111 (5) The revenues described in Subsections (2)(b), (c), and (d) that are deposited in the
112 fund and bond proceeds from bonds issued under Section 63B-16-102 are considered a local
113 matching contribution for the purposes described under Section 72-2-123 .
114 (6) The additional administrative costs of the department to administer this fund shall
115 be paid from the monies in the fund.
116 Section 3. Effective date.
117 This bill takes effect on July 1, 2008.
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