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S.B. 164

             1     

TRANSPORTATION FUNDING AMENDMENTS

             2     
2012 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Jerry W. Stevenson

             5     
House Sponsor: Wayne A. Harper

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill modifies the Transportation Code by amending provisions relating to funding
             10      for highway projects within Salt Lake County.
             11      Highlighted Provisions:
             12          This bill:
             13          .    provides that if project savings are identified by the Department of Transportation
             14      from certain projects, and if the use of funds is not in violation of any agreement,
             15      the Department of Transportation shall provide $3,500,000 to West Valley City to
             16      fund certain highway improvements; and
             17          .    provides that if project savings are identified by the Department of Transportation,
             18      and if the use of funds is not in violation of any agreement, the Department of
             19      Transportation shall provide $1,000,000 of the funds to West Jordan City for certain
             20      highway and trail improvements.
             21      Money Appropriated in this Bill:
             22          None
             23      Other Special Clauses:
             24          None
             25      Utah Code Sections Affected:
             26      AMENDS:
             27          72-2-121.4, as last amended by Laws of Utah 2011, Chapter 225


             28     
             29      Be it enacted by the Legislature of the state of Utah:
             30          Section 1. Section 72-2-121.4 is amended to read:
             31           72-2-121.4. 2010 interlocal agreement governing state highway projects in Salt
             32      Lake County.
             33          (1) Under the direction of the attorney general, the state of Utah and Salt Lake County
             34      may enter into an interlocal agreement that includes, at minimum, the provisions specified in
             35      this section.
             36          (2) The attorney general shall ensure that, in the agreement, Salt Lake County
             37      covenants to:
             38          (a) issue revenue bonds in an amount generating proceeds of at least $77,000,000,
             39      together with additional amounts necessary to pay costs of issuance, pay capitalized interest,
             40      and fund any debt service reserve requirements, and secured by revenues received from the
             41      state of Utah under Section 72-2-121.3 ;
             42          (b) transfer at least $68,500,000 to the Department of Transportation to be used for
             43      state highway projects in Salt Lake County as provided in the interlocal agreement; and
             44          (c) use or transfer to a municipality to use $8,500,000 to pay all or part of the costs of
             45      the following highway construction projects in Salt Lake County in the following amounts:
             46          (i) $2,000,000 to Salt Lake County for 2300 East in Salt Lake County;
             47          (ii) $3,500,000 to Salt Lake City for North Temple;
             48          (iii) $1,500,000 to Murray City for 4800 South; and
             49          (iv) $1,500,000 to Riverton City for 13400 South -- 4000 West to 4570 West.
             50          (3) The attorney general shall ensure that, in the agreement, the state of Utah covenants
             51      to:
             52          (a) use the money transferred by Salt Lake County under Subsection (2)(b) to pay all or
             53      part of the costs of the following state highway construction or reconstruction projects within
             54      Salt Lake County:
             55          (i) 5400 South -- Bangerter Highway to 4000 West;
             56          (ii) Bangerter Highway at SR-201;
             57          (iii) 12300 South at State Street;
             58          (iv) Bangerter Highway at 6200 South;


             59          (v) Bangerter Highway at 7000 South;
             60          (vi) Bangerter Highway at 3100 South;
             61          (vii) 5400 South -- 4000 West to past 4800 West;
             62          (viii) 9400 South and Wasatch Boulevard; and
             63          (ix) I-215 West Interchange -- 3500 South to 3800 South and ramp work;
             64          (b) widen and improve US-89 between 7200 South and 9000 South with available
             65      highway funding identified by the commission; and
             66          (c) transfer to Salt Lake County or its designee from the 2010 Salt Lake County
             67      Revenue Bond Sinking Fund the amount certified by Salt Lake County as necessary to pay:
             68          (i) the debt service on the revenue bonds issued by Salt Lake County; and
             69          (ii) any additional amounts necessary to pay costs of issuance, pay capitalized interest,
             70      and fund any debt service reserve requirements.
             71          (4) The costs under Subsections (2)(c) and (3)(a) may include the cost of acquiring
             72      land, interests in land, easements and rights-of-way, improving sites, and making all
             73      improvements necessary, incidental, or convenient to the facilities and all related engineering,
             74      architectural, and legal fees.
             75          (5) In preparing the agreement required by this section, the attorney general and Salt
             76      Lake County shall:
             77          (a) review each existing interlocal agreement with Salt Lake County concerning Salt
             78      Lake County revenues received by the state for state highway projects within Salt Lake County;
             79      and
             80          (b) as necessary, modify those agreements or draft a new interlocal agreement
             81      encompassing all of the provisions necessary to reflect the state of Utah's and Salt Lake
             82      County's obligations for those revenues and projects.
             83          (6) If project savings are identified by the Department of Transportation from the funds
             84      provided to the Department of Transportation as described in Subsection (2)(b) and if the use
             85      of funds is not in violation of any agreement, the Department of Transportation shall provide
             86      $1,000,000 of the funds described in Subsection (2)(b) to Draper City to pay for highway
             87      improvements to 13490 South.
             88          (7) If project savings are identified from the project described in Subsection (3)(a)(ix)
             89      by the Department of Transportation from the funds provided to the Department of


             90      Transportation as described in Subsection (2)(b) and if the use of funds is not in violation of
             91      any agreement, the Department of Transportation shall provide $3,500,000 of the funds
             92      described in Subsection (2)(b) to fund the following highway projects:
             93          (a) $2,500,000 to West Valley City to pay for highway improvements to SR-201
             94      Frontage Road at Bangerter Highway and associated roads to ease traffic flow onto Bangerter
             95      Highway between SR-201 and Lake Park Boulevard; and
             96          (b) $1,000,000 to West Valley City for improvements to SR-201 Frontage Road at
             97      7200 West.
             98          (8) If project savings are identified by the Department of Transportation from the funds
             99      provided to the Department of Transportation as described in Subsection (2)(b) and if the use
             100      of funds is not in violation of any agreement, the Department of Transportation shall provide
             101      $1,000,000 of the funds described in Subsection (2)(b) to West Jordan City for highway and
             102      trail improvements at 9000 South and the Jordan River crossing to allow for Jordan River trail
             103      park connectivity.




Legislative Review Note
    as of 2-2-12 9:26 AM


Office of Legislative Research and General Counsel


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