1     
TRANSPORTATION FUNDING MODIFICATIONS

2     
2015 GENERAL SESSION

3     
STATE OF UTAH

4     
Chief Sponsor: Kay J. Christofferson

5     
Senate Sponsor: ____________

6     

7     LONG TITLE
8     General Description:
9          This bill modifies provisions relating to transportation funding.
10     Highlighted Provisions:
11          This bill:
12          ▸     renames the Transportation Investment Fund of 2005 as the Rebecca D. Lockhart
13     Transportation Investment Fund;
14          ▸     repeals the requirements that certain sales and use tax revenue be deposited into the
15     Transportation Fund;
16          ▸     for a fiscal year beginning on or after July 1, 2016, amends the amount of certain
17     sales and use tax revenue that is deposited into the Rebecca D. Lockhart
18     Transportation Investment Fund in certain circumstances; and
19          ▸     makes technical and conforming changes.
20     Money Appropriated in this Bill:
21          None
22     Other Special Clauses:
23          This bill provides a special effective date.
24     Utah Code Sections Affected:
25     AMENDS:
26          59-12-103, as last amended by Laws of Utah 2014, Chapters 380 and 429
27          59-12-1201, as last amended by Laws of Utah 2012, Chapter 121

28          63J-3-103, as last amended by Laws of Utah 2014, Chapter 63
29          63M-1-3410, as enacted by Laws of Utah 2014, Chapter 429
30          63M-1-3412, as enacted by Laws of Utah 2014, Chapter 429
31          72-2-107, as last amended by Laws of Utah 2010, Chapter 391
32          72-2-118, as last amended by Laws of Utah 2013, Chapter 400
33          72-2-121.3, as last amended by Laws of Utah 2013, Chapter 389
34          72-2-124, as last amended by Laws of Utah 2013, Chapters 389 and 400
35          72-2-125, as last amended by Laws of Utah 2013, Chapter 400
36     

37     Be it enacted by the Legislature of the state of Utah:
38          Section 1. Section 59-12-103 is amended to read:
39          59-12-103. Sales and use tax base -- Rates -- Effective dates -- Use of sales and use
40     tax revenues.
41          (1) A tax is imposed on the purchaser as provided in this part for amounts paid or
42     charged for the following transactions:
43          (a) retail sales of tangible personal property made within the state;
44          (b) amounts paid for:
45          (i) telecommunications service, other than mobile telecommunications service, that
46     originates and terminates within the boundaries of this state;
47          (ii) mobile telecommunications service that originates and terminates within the
48     boundaries of one state only to the extent permitted by the Mobile Telecommunications
49     Sourcing Act, 4 U.S.C. Sec. 116 et seq.; or
50          (iii) an ancillary service associated with a:
51          (A) telecommunications service described in Subsection (1)(b)(i); or
52          (B) mobile telecommunications service described in Subsection (1)(b)(ii);
53          (c) sales of the following for commercial use:
54          (i) gas;
55          (ii) electricity;
56          (iii) heat;
57          (iv) coal;
58          (v) fuel oil; or

59          (vi) other fuels;
60          (d) sales of the following for residential use:
61          (i) gas;
62          (ii) electricity;
63          (iii) heat;
64          (iv) coal;
65          (v) fuel oil; or
66          (vi) other fuels;
67          (e) sales of prepared food;
68          (f) except as provided in Section 59-12-104, amounts paid or charged as admission or
69     user fees for theaters, movies, operas, museums, planetariums, shows of any type or nature,
70     exhibitions, concerts, carnivals, amusement parks, amusement rides, circuses, menageries,
71     fairs, races, contests, sporting events, dances, boxing matches, wrestling matches, closed circuit
72     television broadcasts, billiard parlors, pool parlors, bowling lanes, golf, miniature golf, golf
73     driving ranges, batting cages, skating rinks, ski lifts, ski runs, ski trails, snowmobile trails,
74     tennis courts, swimming pools, water slides, river runs, jeep tours, boat tours, scenic cruises,
75     horseback rides, sports activities, or any other amusement, entertainment, recreation,
76     exhibition, cultural, or athletic activity;
77          (g) amounts paid or charged for services for repairs or renovations of tangible personal
78     property, unless Section 59-12-104 provides for an exemption from sales and use tax for:
79          (i) the tangible personal property; and
80          (ii) parts used in the repairs or renovations of the tangible personal property described
81     in Subsection (1)(g)(i), regardless of whether:
82          (A) any parts are actually used in the repairs or renovations of that tangible personal
83     property; or
84          (B) the particular parts used in the repairs or renovations of that tangible personal
85     property are exempt from a tax under this chapter;
86          (h) except as provided in Subsection 59-12-104(7), amounts paid or charged for
87     assisted cleaning or washing of tangible personal property;
88          (i) amounts paid or charged for tourist home, hotel, motel, or trailer court
89     accommodations and services that are regularly rented for less than 30 consecutive days;

90          (j) amounts paid or charged for laundry or dry cleaning services;
91          (k) amounts paid or charged for leases or rentals of tangible personal property if within
92     this state the tangible personal property is:
93          (i) stored;
94          (ii) used; or
95          (iii) otherwise consumed;
96          (l) amounts paid or charged for tangible personal property if within this state the
97     tangible personal property is:
98          (i) stored;
99          (ii) used; or
100          (iii) consumed; and
101          (m) amounts paid or charged for a sale:
102          (i) (A) of a product transferred electronically; or
103          (B) of a repair or renovation of a product transferred electronically; and
104          (ii) regardless of whether the sale provides:
105          (A) a right of permanent use of the product; or
106          (B) a right to use the product that is less than a permanent use, including a right:
107          (I) for a definite or specified length of time; and
108          (II) that terminates upon the occurrence of a condition.
109          (2) (a) Except as provided in Subsections (2)(b) through (e), a state tax and a local tax
110     is imposed on a transaction described in Subsection (1) equal to the sum of:
111          (i) a state tax imposed on the transaction at a tax rate equal to the sum of:
112          (A) 4.70%; and
113          (B) (I) the tax rate the state imposes in accordance with Part 18, Additional State Sales
114     and Use Tax Act, if the location of the transaction as determined under Sections 59-12-211
115     through 59-12-215 is in a county in which the state imposes the tax under Part 18, Additional
116     State Sales and Use Tax Act; and
117          (II) the tax rate the state imposes in accordance with Part 20, Supplemental State Sales
118     and Use Tax Act, if the location of the transaction as determined under Sections 59-12-211
119     through 59-12-215 is in a city, town, or the unincorporated area of a county in which the state
120     imposes the tax under Part 20, Supplemental State Sales and Use Tax Act; and

121          (ii) a local tax equal to the sum of the tax rates a county, city, or town imposes on the
122     transaction under this chapter other than this part.
123          (b) Except as provided in Subsection (2)(d) or (e), a state tax and a local tax is imposed
124     on a transaction described in Subsection (1)(d) equal to the sum of:
125          (i) a state tax imposed on the transaction at a tax rate of 2%; and
126          (ii) a local tax equal to the sum of the tax rates a county, city, or town imposes on the
127     transaction under this chapter other than this part.
128          (c) Except as provided in Subsection (2)(d) or (e), a state tax and a local tax is imposed
129     on amounts paid or charged for food and food ingredients equal to the sum of:
130          (i) a state tax imposed on the amounts paid or charged for food and food ingredients at
131     a tax rate of 1.75%; and
132          (ii) a local tax equal to the sum of the tax rates a county, city, or town imposes on the
133     amounts paid or charged for food and food ingredients under this chapter other than this part.
134          (d) (i) For a bundled transaction that is attributable to food and food ingredients and
135     tangible personal property other than food and food ingredients, a state tax and a local tax is
136     imposed on the entire bundled transaction equal to the sum of:
137          (A) a state tax imposed on the entire bundled transaction equal to the sum of:
138          (I) the tax rate described in Subsection (2)(a)(i)(A); and
139          (II) (Aa) the tax rate the state imposes in accordance with Part 18, Additional State
140     Sales and Use Tax Act, if the location of the transaction as determined under Sections
141     59-12-211 through 59-12-215 is in a county in which the state imposes the tax under Part 18,
142     Additional State Sales and Use Tax Act; and
143          (Bb) the tax rate the state imposes in accordance with Part 20, Supplemental State
144     Sales and Use Tax Act, if the location of the transaction as determined under Sections
145     59-12-211 through 59-12-215 is in a city, town, or the unincorporated area of a county in which
146     the state imposes the tax under Part 20, Supplemental State Sales and Use Tax Act; and
147          (B) a local tax imposed on the entire bundled transaction at the sum of the tax rates
148     described in Subsection (2)(a)(ii).
149          (ii) If an optional computer software maintenance contract is a bundled transaction that
150     consists of taxable and nontaxable products that are not separately itemized on an invoice or
151     similar billing document, the purchase of the optional computer software maintenance contract

152     is 40% taxable under this chapter and 60% nontaxable under this chapter.
153          (iii) Subject to Subsection (2)(d)(iv), for a bundled transaction other than a bundled
154     transaction described in Subsection (2)(d)(i) or (ii):
155          (A) if the sales price of the bundled transaction is attributable to tangible personal
156     property, a product, or a service that is subject to taxation under this chapter and tangible
157     personal property, a product, or service that is not subject to taxation under this chapter, the
158     entire bundled transaction is subject to taxation under this chapter unless:
159          (I) the seller is able to identify by reasonable and verifiable standards the tangible
160     personal property, product, or service that is not subject to taxation under this chapter from the
161     books and records the seller keeps in the seller's regular course of business; or
162          (II) state or federal law provides otherwise; or
163          (B) if the sales price of a bundled transaction is attributable to two or more items of
164     tangible personal property, products, or services that are subject to taxation under this chapter
165     at different rates, the entire bundled transaction is subject to taxation under this chapter at the
166     higher tax rate unless:
167          (I) the seller is able to identify by reasonable and verifiable standards the tangible
168     personal property, product, or service that is subject to taxation under this chapter at the lower
169     tax rate from the books and records the seller keeps in the seller's regular course of business; or
170          (II) state or federal law provides otherwise.
171          (iv) For purposes of Subsection (2)(d)(iii), books and records that a seller keeps in the
172     seller's regular course of business includes books and records the seller keeps in the regular
173     course of business for nontax purposes.
174          (e) (i) Except as otherwise provided in this chapter and subject to Subsections (2)(e)(ii)
175     and (iii), if a transaction consists of the sale, lease, or rental of tangible personal property, a
176     product, or a service that is subject to taxation under this chapter, and the sale, lease, or rental
177     of tangible personal property, other property, a product, or a service that is not subject to
178     taxation under this chapter, the entire transaction is subject to taxation under this chapter unless
179     the seller, at the time of the transaction:
180          (A) separately states the portion of the transaction that is not subject to taxation under
181     this chapter on an invoice, bill of sale, or similar document provided to the purchaser; or
182          (B) is able to identify by reasonable and verifiable standards, from the books and

183     records the seller keeps in the seller's regular course of business, the portion of the transaction
184     that is not subject to taxation under this chapter.
185          (ii) A purchaser and a seller may correct the taxability of a transaction if:
186          (A) after the transaction occurs, the purchaser and the seller discover that the portion of
187     the transaction that is not subject to taxation under this chapter was not separately stated on an
188     invoice, bill of sale, or similar document provided to the purchaser because of an error or
189     ignorance of the law; and
190          (B) the seller is able to identify by reasonable and verifiable standards, from the books
191     and records the seller keeps in the seller's regular course of business, the portion of the
192     transaction that is not subject to taxation under this chapter.
193          (iii) For purposes of Subsections (2)(e)(i) and (ii), books and records that a seller keeps
194     in the seller's regular course of business includes books and records the seller keeps in the
195     regular course of business for nontax purposes.
196          (f) (i) If the sales price of a transaction is attributable to two or more items of tangible
197     personal property, products, or services that are subject to taxation under this chapter at
198     different rates, the entire purchase is subject to taxation under this chapter at the higher tax rate
199     unless the seller, at the time of the transaction:
200          (A) separately states the items subject to taxation under this chapter at each of the
201     different rates on an invoice, bill of sale, or similar document provided to the purchaser; or
202          (B) is able to identify by reasonable and verifiable standards the tangible personal
203     property, product, or service that is subject to taxation under this chapter at the lower tax rate
204     from the books and records the seller keeps in the seller's regular course of business.
205          (ii) For purposes of Subsection (2)(f)(i), books and records that a seller keeps in the
206     seller's regular course of business includes books and records the seller keeps in the regular
207     course of business for nontax purposes.
208          (g) Subject to Subsections (2)(h) and (i), a tax rate repeal or tax rate change for a tax
209     rate imposed under the following shall take effect on the first day of a calendar quarter:
210          (i) Subsection (2)(a)(i)(A);
211          (ii) Subsection (2)(b)(i);
212          (iii) Subsection (2)(c)(i); or
213          (iv) Subsection (2)(d)(i)(A)(I).

214          (h) (i) A tax rate increase takes effect on the first day of the first billing period that
215     begins on or after the effective date of the tax rate increase if the billing period for the
216     transaction begins before the effective date of a tax rate increase imposed under:
217          (A) Subsection (2)(a)(i)(A);
218          (B) Subsection (2)(b)(i);
219          (C) Subsection (2)(c)(i); or
220          (D) Subsection (2)(d)(i)(A)(I).
221          (ii) The repeal of a tax or a tax rate decrease applies to a billing period if the billing
222     statement for the billing period is rendered on or after the effective date of the repeal of the tax
223     or the tax rate decrease imposed under:
224          (A) Subsection (2)(a)(i)(A);
225          (B) Subsection (2)(b)(i);
226          (C) Subsection (2)(c)(i); or
227          (D) Subsection (2)(d)(i)(A)(I).
228          (i) (i) For a tax rate described in Subsection (2)(i)(ii), if a tax due on a catalogue sale is
229     computed on the basis of sales and use tax rates published in the catalogue, a tax rate repeal or
230     change in a tax rate takes effect:
231          (A) on the first day of a calendar quarter; and
232          (B) beginning 60 days after the effective date of the tax rate repeal or tax rate change.
233          (ii) Subsection (2)(i)(i) applies to the tax rates described in the following:
234          (A) Subsection (2)(a)(i)(A);
235          (B) Subsection (2)(b)(i);
236          (C) Subsection (2)(c)(i); or
237          (D) Subsection (2)(d)(i)(A)(I).
238          (iii) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act,
239     the commission may by rule define the term "catalogue sale."
240          (3) (a) The following state taxes shall be deposited into the General Fund:
241          (i) the tax imposed by Subsection (2)(a)(i)(A);
242          (ii) the tax imposed by Subsection (2)(b)(i);
243          (iii) the tax imposed by Subsection (2)(c)(i); or
244          (iv) the tax imposed by Subsection (2)(d)(i)(A)(I).

245          (b) The following local taxes shall be distributed to a county, city, or town as provided
246     in this chapter:
247          (i) the tax imposed by Subsection (2)(a)(ii);
248          (ii) the tax imposed by Subsection (2)(b)(ii);
249          (iii) the tax imposed by Subsection (2)(c)(ii); and
250          (iv) the tax imposed by Subsection (2)(d)(i)(B).
251          (4) (a) Notwithstanding Subsection (3)(a), for a fiscal year beginning on or after July 1,
252     2003, the lesser of the following amounts shall be expended as provided in Subsections (4)(b)
253     through (g):
254          (i) for taxes listed under Subsection (3)(a), the amount of tax revenue generated:
255          (A) by a 1/16% tax rate on the transactions described in Subsection (1); and
256          (B) for the fiscal year; or
257          (ii) $17,500,000.
258          (b) (i) For a fiscal year beginning on or after July 1, 2003, 14% of the amount
259     described in Subsection (4)(a) shall be transferred each year as dedicated credits to the
260     Department of Natural Resources to:
261          (A) implement the measures described in Subsections 79-2-303(3)(a) through (d) to
262     protect sensitive plant and animal species; or
263          (B) award grants, up to the amount authorized by the Legislature in an appropriations
264     act, to political subdivisions of the state to implement the measures described in Subsections
265     79-2-303(3)(a) through (d) to protect sensitive plant and animal species.
266          (ii) Money transferred to the Department of Natural Resources under Subsection
267     (4)(b)(i) may not be used to assist the United States Fish and Wildlife Service or any other
268     person to list or attempt to have listed a species as threatened or endangered under the
269     Endangered Species Act of 1973, 16 U.S.C. Sec. 1531 et seq.
270          (iii) At the end of each fiscal year:
271          (A) 50% of any unexpended dedicated credits shall lapse to the Water Resources
272     Conservation and Development Fund created in Section 73-10-24;
273          (B) 25% of any unexpended dedicated credits shall lapse to the Utah Wastewater Loan
274     Program Subaccount created in Section 73-10c-5; and
275          (C) 25% of any unexpended dedicated credits shall lapse to the Drinking Water Loan

276     Program Subaccount created in Section 73-10c-5.
277          (c) For a fiscal year beginning on or after July 1, 2003, 3% of the amount described in
278     Subsection (4)(a) shall be deposited each year in the Agriculture Resource Development Fund
279     created in Section 4-18-106.
280          (d) (i) For a fiscal year beginning on or after July 1, 2003, 1% of the amount described
281     in Subsection (4)(a) shall be transferred each year as dedicated credits to the Division of Water
282     Rights to cover the costs incurred in hiring legal and technical staff for the adjudication of
283     water rights.
284          (ii) At the end of each fiscal year:
285          (A) 50% of any unexpended dedicated credits shall lapse to the Water Resources
286     Conservation and Development Fund created in Section 73-10-24;
287          (B) 25% of any unexpended dedicated credits shall lapse to the Utah Wastewater Loan
288     Program Subaccount created in Section 73-10c-5; and
289          (C) 25% of any unexpended dedicated credits shall lapse to the Drinking Water Loan
290     Program Subaccount created in Section 73-10c-5.
291          (e) (i) For a fiscal year beginning on or after July 1, 2003, 41% of the amount described
292     in Subsection (4)(a) shall be deposited in the Water Resources Conservation and Development
293     Fund created in Section 73-10-24 for use by the Division of Water Resources.
294          (ii) In addition to the uses allowed of the Water Resources Conservation and
295     Development Fund under Section 73-10-24, the Water Resources Conservation and
296     Development Fund may also be used to:
297          (A) conduct hydrologic and geotechnical investigations by the Division of Water
298     Resources in a cooperative effort with other state, federal, or local entities, for the purpose of
299     quantifying surface and ground water resources and describing the hydrologic systems of an
300     area in sufficient detail so as to enable local and state resource managers to plan for and
301     accommodate growth in water use without jeopardizing the resource;
302          (B) fund state required dam safety improvements; and
303          (C) protect the state's interest in interstate water compact allocations, including the
304     hiring of technical and legal staff.
305          (f) For a fiscal year beginning on or after July 1, 2003, 20.5% of the amount described
306     in Subsection (4)(a) shall be deposited in the Utah Wastewater Loan Program Subaccount

307     created in Section 73-10c-5 for use by the Water Quality Board to fund wastewater projects.
308          (g) For a fiscal year beginning on or after July 1, 2003, 20.5% of the amount described
309     in Subsection (4)(a) shall be deposited in the Drinking Water Loan Program Subaccount
310     created in Section 73-10c-5 for use by the Division of Drinking Water to:
311          (i) provide for the installation and repair of collection, treatment, storage, and
312     distribution facilities for any public water system, as defined in Section 19-4-102;
313          (ii) develop underground sources of water, including springs and wells; and
314          (iii) develop surface water sources.
315          (5) (a) Notwithstanding Subsection (3)(a), for a fiscal year beginning on or after July 1,
316     2006, the difference between the following amounts shall be expended as provided in this
317     Subsection (5), if that difference is greater than $1:
318          (i) for taxes listed under Subsection (3)(a), the amount of tax revenue generated for the
319     fiscal year by a 1/16% tax rate on the transactions described in Subsection (1); and
320          (ii) $17,500,000.
321          (b) (i) The first $500,000 of the difference described in Subsection (5)(a) shall be:
322          (A) transferred each fiscal year to the Department of Natural Resources as dedicated
323     credits; and
324          (B) expended by the Department of Natural Resources for watershed rehabilitation or
325     restoration.
326          (ii) At the end of each fiscal year, 100% of any unexpended dedicated credits described
327     in Subsection (5)(b)(i) shall lapse to the Water Resources Conservation and Development Fund
328     created in Section 73-10-24.
329          (c) (i) After making the transfer required by Subsection (5)(b)(i), $150,000 of the
330     remaining difference described in Subsection (5)(a) shall be:
331          (A) transferred each fiscal year to the Division of Water Resources as dedicated
332     credits; and
333          (B) expended by the Division of Water Resources for cloud-seeding projects
334     authorized by Title 73, Chapter 15, Modification of Weather.
335          (ii) At the end of each fiscal year, 100% of any unexpended dedicated credits described
336     in Subsection (5)(c)(i) shall lapse to the Water Resources Conservation and Development Fund
337     created in Section 73-10-24.

338          (d) After making the transfers required by Subsections (5)(b) and (c), 94% of the
339     remaining difference described in Subsection (5)(a) shall be deposited into the Water
340     Resources Conservation and Development Fund created in Section 73-10-24 for use by the
341     Division of Water Resources for:
342          (i) preconstruction costs:
343          (A) as defined in Subsection 73-26-103(6) for projects authorized by Title 73, Chapter
344     26, Bear River Development Act; and
345          (B) as defined in Subsection 73-28-103(8) for the Lake Powell Pipeline project
346     authorized by Title 73, Chapter 28, Lake Powell Pipeline Development Act;
347          (ii) the cost of employing a civil engineer to oversee any project authorized by Title 73,
348     Chapter 26, Bear River Development Act;
349          (iii) the cost of employing a civil engineer to oversee the Lake Powell Pipeline project
350     authorized by Title 73, Chapter 28, Lake Powell Pipeline Development Act; and
351          (iv) other uses authorized under Sections 73-10-24, 73-10-25.1, 73-10-30, and
352     Subsection (4)(e)(ii) after funding the uses specified in Subsections (5)(d)(i) through (iii).
353          (e) After making the transfers required by Subsections (5)(b) and (c) and subject to
354     Subsection (5)(f), 6% of the remaining difference described in Subsection (5)(a) shall be
355     transferred each year as dedicated credits to the Division of Water Rights to cover the costs
356     incurred for employing additional technical staff for the administration of water rights.
357          (f) At the end of each fiscal year, any unexpended dedicated credits described in
358     Subsection (5)(e) over $150,000 lapse to the Water Resources Conservation and Development
359     Fund created in Section 73-10-24.
360          [(6) Notwithstanding Subsection (3)(a), for a fiscal year beginning on or after July 1,
361     2003, and for taxes listed under Subsection (3)(a), the amount of revenue generated by a 1/16%
362     tax rate on the transactions described in Subsection (1) for the fiscal year shall be deposited in
363     the Transportation Fund created by Section 72-2-102.]
364          [(7) Notwithstanding Subsection (3)(a), beginning on July 1, 2012, the Division of
365     Finance shall deposit into the Transportation Investment Fund of 2005 created in Section
366     72-2-124 a portion of the taxes listed under Subsection (3)(a) equal to the revenues generated
367     by a 1/64% tax rate on the taxable transactions under Subsection (1).]
368          [(8) (a)] (6) Notwithstanding Subsection (3)(a), [in addition to the amounts deposited

369     in Subsection (7), and subject to Subsection (8)(b),] for a fiscal year beginning on or after July
370     1, [2012] 2016, the Division of Finance shall deposit into the Rebecca D. Lockhart
371     Transportation Investment Fund [of 2005] created by Section 72-2-124[: (i)] a portion of the
372     taxes listed under Subsection (3)(a) in an amount equal to [8.3%] 23% of the revenues
373     collected from the following taxes[, which represents a portion of the approximately 17% of
374     sales and use tax revenues generated annually by the sales and use tax on vehicles and
375     vehicle-related products]:
376          [(A)] (a) the tax imposed by Subsection (2)(a)(i)(A);
377          [(B)] (b) the tax imposed by Subsection (2)(b)(i);
378          [(C)] (c) the tax imposed by Subsection (2)(c)(i); and
379          [(D)] (d) the tax imposed by Subsection (2)(d)(i)(A)(I)[; plus].
380          [(ii) an amount equal to 30% of the growth in the amount of revenues collected in the
381     current fiscal year from the sales and use taxes described in Subsections (8)(a)(i)(A) through
382     (D) that exceeds the amount collected from the sales and use taxes described in Subsections
383     (8)(a)(i)(A) through (D) in the 2010-11 fiscal year.]
384          [(b) (i) Subject to Subsections (8)(b)(ii) and (iii), in any fiscal year that the portion of
385     the sales and use taxes deposited under Subsection (8)(a) represents an amount that is a total
386     lower percentage of the sales and use taxes described in Subsections (8)(a)(i)(A) through (D)
387     generated in the current fiscal year than the total percentage of sales and use taxes deposited in
388     the previous fiscal year, the Division of Finance shall deposit an amount under Subsection
389     (8)(a) equal to the product of:]
390          [(A) the total percentage of sales and use taxes deposited under Subsection (8)(a) in the
391     previous fiscal year; and]
392          [(B) the total sales and use tax revenue generated by the taxes described in Subsections
393     (8)(a)(i)(A) through (D) in the current fiscal year.]
394          [(ii) In any fiscal year in which the portion of the sales and use taxes deposited under
395     Subsection (8)(a) would exceed 17% of the revenues collected from the sales and use taxes
396     described in Subsections (8)(a)(i)(A) through (D) in the current fiscal year, the Division of
397     Finance shall deposit 17% of the revenues collected from the sales and use taxes described in
398     Subsections (8)(a)(i)(A) through (D) for the current fiscal year under Subsection (8)(a).]
399          [(iii) In all subsequent fiscal years after a year in which 17% of the revenues collected

400     from the sales and use taxes described in Subsections (8)(a)(i)(A) through (D) was deposited
401     under Subsection (8)(a), the Division of Finance shall annually deposit 17% of the revenues
402     collected from the sales and use taxes described in Subsections (8)(a)(i)(A) through (D) in the
403     current fiscal year under Subsection (8)(a).]
404          [(9) Notwithstanding Subsection (3)(a), and in addition to the amounts deposited under
405     Subsections (7) and (8), for a fiscal year beginning on or after July 1, 2012, the Division of
406     Finance shall annually deposit $90,000,000 of the revenues generated by the taxes listed under
407     Subsection (3)(a) into the Transportation Investment Fund of 2005 created by Section
408     72-2-124.]
409          [(10)] (7) Notwithstanding Subsection (3)(a), for each fiscal year beginning with fiscal
410     year 2009-10, $533,750 shall be deposited into the Qualified Emergency Food Agencies Fund
411     created by Section 35A-8-1009 and expended as provided in Section 35A-8-1009.
412          [(11) (a) Notwithstanding Subsection (3)(a), except as provided in Subsection (11)(b),
413     and in addition to any amounts deposited under Subsections (7), (8), and (9), beginning on July
414     1, 2012, the Division of Finance shall deposit into the Transportation Investment Fund of 2005
415     created by Section 72-2-124 the amount of tax revenue generated by a .025% tax rate on the
416     transactions described in Subsection (1).]
417          [(b) For purposes of Subsection (11)(a), the Division of Finance may not deposit into
418     the Transportation Investment Fund of 2005 any tax revenue generated by amounts paid or
419     charged for food and food ingredients, except for tax revenue generated by a bundled
420     transaction attributable to food and food ingredients and tangible personal property other than
421     food and food ingredients described in Subsection (2)(d).]
422          [(12) (a) Notwithstanding Subsection (3)(a), and except as provided in Subsection
423     (12)(b), beginning on January 1, 2009, the Division of Finance shall deposit into the
424     Transportation Fund created by Section 72-2-102 the amount of tax revenue generated by a
425     .025% tax rate on the transactions described in Subsection (1) to be expended to address
426     chokepoints in construction management.]
427          [(b) For purposes of Subsection (12)(a), the Division of Finance may not deposit into
428     the Transportation Fund any tax revenue generated by amounts paid or charged for food and
429     food ingredients, except for tax revenue generated by a bundled transaction attributable to food
430     and food ingredients and tangible personal property other than food and food ingredients

431     described in Subsection (2)(d).]
432          [(13)] (8) Notwithstanding Subsection (3)(a), beginning the second fiscal year after the
433     fiscal year during which the Division of Finance receives notice under Subsection
434     63M-1-3410(3) that construction on a qualified hotel, as defined in Section 63M-1-3402, has
435     begun, the Division of Finance shall, for two consecutive fiscal years, annually deposit
436     $1,900,000 of the revenue generated by the taxes listed under Subsection (3)(a) into the Hotel
437     Impact Mitigation Fund, created in Section 63M-1-3412.
438          [(14)] (9) Notwithstanding Subsections (4) through [(13)] (8), an amount required to be
439     expended or deposited in accordance with Subsections (4) through [(13)] (8) may not include
440     an amount the Division of Finance deposits in accordance with Section 59-12-103.2.
441          Section 2. Section 59-12-1201 is amended to read:
442          59-12-1201. Motor vehicle rental tax -- Rate -- Exemptions -- Administration,
443     collection, and enforcement of tax -- Administrative charge -- Deposits.
444          (1) (a) Except as provided in Subsection (3), there is imposed a tax of 2.5% on all
445     short-term leases and rentals of motor vehicles not exceeding 30 days.
446          (b) The tax imposed in this section is in addition to all other state, county, or municipal
447     fees and taxes imposed on rentals of motor vehicles.
448          (2) (a) Subject to Subsection (2)(b), a tax rate repeal or tax rate change for the tax
449     imposed under Subsection (1) shall take effect on the first day of a calendar quarter.
450          (b) (i) For a transaction subject to a tax under Subsection (1), a tax rate increase shall
451     take effect on the first day of the first billing period:
452          (A) that begins after the effective date of the tax rate increase; and
453          (B) if the billing period for the transaction begins before the effective date of a tax rate
454     increase imposed under Subsection (1).
455          (ii) For a transaction subject to a tax under Subsection (1), the repeal of a tax or a tax
456     rate decrease shall take effect on the first day of the last billing period:
457          (A) that began before the effective date of the repeal of the tax or the tax rate decrease;
458     and
459          (B) if the billing period for the transaction begins before the effective date of the repeal
460     of the tax or the tax rate decrease imposed under Subsection (1).
461          (3) A motor vehicle is exempt from the tax imposed under Subsection (1) if:

462          (a) the motor vehicle is registered for a gross laden weight of 12,001 or more pounds;
463          (b) the motor vehicle is rented as a personal household goods moving van; or
464          (c) the lease or rental of the motor vehicle is made for the purpose of temporarily
465     replacing a person's motor vehicle that is being repaired pursuant to a repair agreement or an
466     insurance agreement.
467          (4) (a) (i) The tax authorized under this section shall be administered, collected, and
468     enforced in accordance with:
469          (A) the same procedures used to administer, collect, and enforce the tax under Part 1,
470     Tax Collection; and
471          (B) Chapter 1, General Taxation Policies.
472          (ii) Notwithstanding Subsection (4)(a)(i), a tax under this part is not subject to
473     Subsections 59-12-103(4) through [(12)] (9) or Section 59-12-107.1 or 59-12-123.
474          (b) The commission shall retain and deposit an administrative charge in accordance
475     with Section 59-1-306 from the revenues the commission collects from a tax under this part.
476          (c) Except as provided under Subsection (4)(b), all revenue received by the
477     commission under this section shall be deposited daily with the state treasurer and credited
478     monthly to the Marda Dillree Corridor Preservation Fund under Section 72-2-117.
479          Section 3. Section 63J-3-103 is amended to read:
480          63J-3-103. Definitions.
481          As used in this chapter:
482          (1) (a) "Appropriations" means actual unrestricted capital and operating appropriations
483     from unrestricted General Fund and Education Fund sources.
484          (b) "Appropriations" includes appropriations that are contingent upon available
485     surpluses in the General Fund and Education Fund.
486          (c) "Appropriations" does not mean:
487          (i) public education expenditures;
488          (ii) Utah Education and Telehealth Network expenditures in support of public
489     education;
490          (iii) Utah College of Applied Technology expenditures in support of public education;
491          (iv) Tax Commission expenditures related to collection of income taxes in support of
492     public education;

493          (v) debt service expenditures;
494          (vi) emergency expenditures;
495          (vii) expenditures from all other fund or subfund sources;
496          (viii) transfers or appropriations from the Education Fund to the Uniform School Fund;
497          (ix) transfers into, or appropriations made to, the General Fund Budget Reserve
498     Account established in Section 63J-1-312;
499          (x) transfers into, or appropriations made to, the Education Budget Reserve Account
500     established in Section 63J-1-313;
501          (xi) transfers in accordance with Section 63J-1-314 into, or appropriations made to the
502     State Disaster Recovery Restricted Account created in Section 53-2a-603;
503          (xii) money appropriated to fund the total one-time project costs for the construction of
504     capital developments as defined in Section 63A-5-104;
505          (xiii) transfers or deposits into or appropriations made to the Centennial Highway Fund
506     created by Section 72-2-118;
507          (xiv) transfers or deposits into or appropriations made to the Rebecca D. Lockhart
508     Transportation Investment Fund [of 2005] created by Section 72-2-124;
509          (xv) transfers or deposits into or appropriations made to:
510          (A) the Department of Transportation from any source; or
511          (B) any transportation-related account or fund from any source; or
512          (xvi) supplemental appropriations from the General Fund to the Division of Forestry,
513     Fire, and State Lands to provide money for wildland fire control expenses incurred during the
514     current or previous fire years.
515          (2) "Base year real per capita appropriations" means the result obtained for the state by
516     dividing the fiscal year 1985 actual appropriations of the state less debt money by:
517          (a) the state's July 1, 1983 population; and
518          (b) the fiscal year 1983 inflation index divided by 100.
519          (3) "Calendar year" means the time period beginning on January 1 of any given year
520     and ending on December 31 of the same year.
521          (4) "Fiscal emergency" means an extraordinary occurrence requiring immediate
522     expenditures and includes the settlement under Laws of Utah 1988, Fourth Special Session,
523     Chapter 4.

524          (5) "Fiscal year" means the time period beginning on July 1 of any given year and
525     ending on June 30 of the subsequent year.
526          (6) "Fiscal year 1985 actual base year appropriations" means fiscal year 1985 actual
527     capital and operations appropriations from General Fund and non-Uniform School Fund
528     income tax revenue sources, less debt money.
529          (7) "Inflation index" means the change in the general price level of goods and services
530     as measured by the Gross National Product Implicit Price Deflator of the Bureau of Economic
531     Analysis, U.S. Department of Commerce calculated as provided in Section 63J-3-202.
532          (8) (a) "Maximum allowable appropriations limit" means the appropriations that could
533     be, or could have been, spent in any given year under the limitations of this chapter.
534          (b) "Maximum allowable appropriations limit" does not mean actual appropriations
535     spent or actual expenditures.
536          (9) "Most recent fiscal year's inflation index" means the fiscal year inflation index two
537     fiscal years previous to the fiscal year for which the maximum allowable inflation and
538     population appropriations limit is being computed under this chapter.
539          (10) "Most recent fiscal year's population" means the fiscal year population two fiscal
540     years previous to the fiscal year for which the maximum allowable inflation and population
541     appropriations limit is being computed under this chapter.
542          (11) "Population" means the number of residents of the state as of July 1 of each year
543     as calculated by the Governor's Office of Management and Budget according to the procedures
544     and requirements of Section 63J-3-202.
545          (12) "Revenues" means the revenues of the state from every tax, penalty, receipt, and
546     other monetary exaction and interest connected with it that are recorded as unrestricted revenue
547     of the General Fund and from non-Uniform School Fund income tax revenues, except as
548     specifically exempted by this chapter.
549          (13) "Security" means any bond, note, warrant, or other evidence of indebtedness,
550     whether or not the bond, note, warrant, or other evidence of indebtedness is or constitutes an
551     "indebtedness" within the meaning of any provision of the constitution or laws of this state.
552          Section 4. Section 63M-1-3410 is amended to read:
553          63M-1-3410. Report by office -- Posting of report.
554          (1) Before November 1 of each year, the office shall submit a written report to the

555     Economic Development and Workforce Services Interim Committee of the Legislature, the
556     Governor's Office of Management and Budget, and the Office of the Legislative Fiscal Analyst
557     describing:
558          (a) the state's success in attracting new conventions and corresponding new state
559     revenue;
560          (b) the estimated amount of tax credit commitments and the associated calculation
561     made by the office and the period of time over which tax credits are expected to be paid;
562          (c) the economic impact on the state related to generating new state revenue and
563     providing tax credits; and
564          (d) the estimated and actual costs and economic benefits of the tax credit commitments
565     that the office made.
566          (2) The office shall post the annual report under Subsection (1) on its website and on a
567     state website.
568          (3) Upon the commencement of the construction of a qualified hotel, the office shall
569     send a written notice to the Division of Finance:
570          (a) referring to the two annual deposits required under Subsection 59-12-103[(14)](8);
571     and
572          (b) notifying the Division of Finance that construction on the qualified hotel has begun.
573          Section 5. Section 63M-1-3412 is amended to read:
574          63M-1-3412. Hotel Impact Mitigation Fund.
575          (1) As used in this section:
576          (a) "Affected hotel" means a hotel built in the state before July 1, 2014.
577          (b) "Direct losses" means affected hotels' losses of hotel guest business attributable to
578     the qualified hotel room supply being added to the market in the state.
579          (c) "Mitigation fund" means the Hotel Impact Mitigation Fund, created in Subsection
580     (2).
581          (2) There is created an expendable special revenue fund known as the Hotel Impact
582     Mitigation Fund.
583          (3) The mitigation fund shall:
584          (a) be administered by the board;
585          (b) earn interest; and

586          (c) be funded by:
587          (i) payments required to be deposited into the mitigation fund by the Division of
588     Finance under Subsection 59-12-103[(14)](8);
589          (ii) money required to be deposited into the mitigation fund under Subsection
590     17-31-9(2) by the county in which a qualified hotel is located; and
591          (iii) any money deposited into the mitigation fund under Subsection (6).
592          (4) Interest earned by the mitigation fund shall be deposited into the mitigation fund.
593          (5) (a) In accordance with office rules, the board shall annually pay up to $2,100,000 of
594     money in the mitigation fund:
595          (i) to affected hotels;
596          (ii) for four consecutive years, beginning 12 months after the date of initial occupancy
597     of the qualified hotel occurs; and
598          (iii) to mitigate direct losses.
599          (b) (i) If the amount the board pays under Subsection (5)(a) in any year is less than
600     $2,100,000, the board shall pay to the Stay Another Day and Bounce Back Fund, created in
601     Section 63M-1-3411, the difference between $2,100,000 and the amount paid under Subsection
602     (5)(a).
603          (ii) The board shall make any required payment under Subsection (5)(b)(i) within 90
604     days after the end of the year for which a determination is made of how much the board is
605     required to pay to affected hotels under Subsection (5)(a).
606          (6) A host local government or qualified hotel owner may make payments to the
607     Division of Finance for deposit into the mitigation fund.
608          (7) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
609     office shall, in consultation with the Utah Hotel and Lodging Association and the county in
610     which the qualified hotel is located, make rules establishing procedures and criteria governing
611     payments under Subsection (5)(a) to affected hotels.
612          Section 6. Section 72-2-107 is amended to read:
613          72-2-107. Appropriation from Transportation Fund -- Deposit into class B and
614     class C roads account.
615          (1) There is appropriated to the department from the Transportation Fund annually an
616     amount equal to 30% of an amount which the director of finance shall compute in the

617     following manner: The total revenue deposited into the Transportation Fund during the fiscal
618     year from state highway-user taxes and fees, minus:
619          (a) those amounts appropriated or transferred from the Transportation Fund during the
620     same fiscal year to:
621          (i) the Department of Public Safety;
622          (ii) the State Tax Commission;
623          (iii) the Division of Finance; and
624          (iv) the Utah Travel Council; and
625          [(v)] (b) any other amounts appropriated or transferred for any other state agencies not
626     a part of the department[; and].
627          [(b) the amount of sales and use tax revenue deposited in the Transportation Fund in
628     accordance with Section 59-12-103.]
629          (2) (a) Except as provided in Subsection (2)(b), all of this money shall be placed in an
630     account to be known as the class B and class C roads account to be used as provided in this
631     title.
632          (b) The director of finance shall annually transfer $500,000 of the amount calculated
633     under Subsection (1) to the department as dedicated credits for the State Park Access Highways
634     Improvement Program created in Section 72-3-207.
635          (3) Each quarter of every year the director of finance shall make the necessary
636     accounting entries to transfer the money appropriated under this section to the class B and class
637     C roads account.
638          (4) The funds in the class B and class C roads account shall be expended under the
639     direction of the department as the Legislature shall provide.
640          Section 7. Section 72-2-118 is amended to read:
641          72-2-118. Centennial Highway Fund.
642          (1) There is created a capital projects fund entitled the Centennial Highway Fund
643     within the Rebecca D. Lockhart Transportation Investment Fund [of 2005] created by Section
644     72-2-124.
645          (2) The account consists of money generated from the following revenue sources:
646          (a) any voluntary contributions received for the construction, reconstruction, or
647     renovation of state or federal highways; and

648          (b) appropriations made to the fund by the Legislature.
649          (3) (a) The fund shall earn interest.
650          (b) All interest earned on fund money shall be deposited into the fund.
651          (4) The executive director may use fund money, as prioritized by the Transportation
652     Commission, only to pay the costs of construction, reconstruction, or renovation to state and
653     federal highways.
654          (5) When the highway general obligation bonds have been paid off and the highway
655     projects completed that are intended to be paid from revenues deposited in the account as
656     determined by the Executive Appropriations Committee under Subsection (6)(d), the Division
657     of Finance shall transfer any existing balance in the account into the Rebecca D. Lockhart
658     Transportation Investment Fund [of 2005] created by Section 72-2-124.
659          (6) (a) The Division of Finance shall monitor the highway general obligation bonds
660     that are being paid from revenues deposited in the fund.
661          (b) The department shall monitor the highway construction, reconstruction, or
662     renovation projects that are being paid from revenues deposited in the fund.
663          (c) Upon request by the Executive Appropriations Committee of the Legislature:
664          (i) the Division of Finance shall report to the committee the status of all highway
665     general obligation bonds that are being paid from revenues deposited in the fund; and
666          (ii) the department shall report to the committee the status of all highway construction,
667     reconstruction, or renovation projects that are being paid from revenues deposited in the fund.
668          (d) The Executive Appropriations Committee of the Legislature shall notify the State
669     Tax Commission, the department, and the Division of Finance when:
670          (i) all highway general obligation bonds that are intended to be paid from revenues
671     deposited in the fund have been paid off; and
672          (ii) all highway projects that are intended to be paid from revenues deposited in the
673     account have been completed.
674          Section 8. Section 72-2-121.3 is amended to read:
675          72-2-121.3. Special revenue fund -- 2010 Salt Lake County Revenue Bonds
676     Sinking Fund.
677          (1) There is created a special revenue fund within the County of the First Class State
678     Highway Projects Fund entitled "2010 Salt Lake County Revenue Bond Sinking Fund."

679          (2) The fund consists of:
680          (a) money transferred into the fund from the County of the First Class State Highway
681     Projects Fund in accordance with Subsection 72-2-121(4)(d); and
682          (b) for a fiscal year beginning on or after July 1, 2013, money transferred into the fund
683     from the Rebecca D. Lockhart Transportation Investment Fund [of 2005] in accordance with
684     Subsection 72-2-124(4)(a)(iv).
685          (3) (a) The fund shall earn interest.
686          (b) All interest earned on fund money shall be deposited into the fund.
687          (4) (a) The director of the Division of Finance may use fund money only as provided in
688     this section.
689          (b) The director of the Division of Finance may not distribute any money from the fund
690     under this section until the director has received a formal opinion from the attorney general that
691     Salt Lake County has entered into a binding agreement with the state of Utah containing all of
692     the terms required by Section 72-2-121.4.
693          (c) Except as provided in Subsection (4)(b), and until the bonds issued by Salt Lake
694     County as provided in the interlocal agreement required by Section 72-2-121.4 are paid off, on
695     July 1 of each year beginning July 1, 2011, the director of the Division of Finance shall transfer
696     from the County of the First Class State Highway Projects Fund and the Transportation
697     Investment Fund of 2005 to the 2010 Salt Lake County Revenue Bond Sinking Fund the
698     amount certified by Salt Lake County that is necessary to pay:
699          (i) up to two times the debt service requirement necessary to pay debt service on the
700     revenue bonds issued by Salt Lake County for that fiscal year; and
701          (ii) any additional amounts necessary to pay costs of issuance, pay capitalized interest,
702     and fund any debt service reserve requirements.
703          (d) Except as provided in Subsection (4)(b), and until the bonds issued by Salt Lake
704     County as provided in the interlocal agreement required by Section 72-2-121.4 are paid off, the
705     director of the Division of Finance shall, upon request from Salt Lake County, transfer to Salt
706     Lake County or its designee from the 2010 Salt Lake County Revenue Bond Sinking Fund the
707     amount certified by Salt Lake County as necessary to pay:
708          (i) the debt service on the revenue bonds issued by Salt Lake County as provided in the
709     interlocal agreement required by Section 72-2-121.4; and

710          (ii) any additional amounts necessary to pay costs of issuance, pay capitalized interest,
711     and fund any debt service reserve requirements.
712          (5) Any money remaining in the 2010 Salt Lake County Revenue Bond Sinking Fund
713     at the end of the fiscal year lapses to the County of the First Class State Highway Projects
714     Fund.
715          Section 9. Section 72-2-124 is amended to read:
716          72-2-124. Rebecca D. Lockhart Transportation Investment Fund.
717          (1) There is created a capital projects fund entitled the Rebecca D. Lockhart
718     Transportation Investment Fund [of 2005].
719          (2) The fund consists of money generated from the following sources:
720          (a) any voluntary contributions received for the maintenance, construction,
721     reconstruction, or renovation of state and federal highways;
722          (b) appropriations made to the fund by the Legislature;
723          (c) the sales and use tax revenues deposited into the fund in accordance with Section
724     59-12-103; and
725          (d) registration fees designated under Section 41-1a-1201.
726          (3) (a) The fund shall earn interest.
727          (b) All interest earned on fund money shall be deposited into the fund.
728          (4) (a) Except as provided in Subsection (4)(b), the executive director may use fund
729     money only to pay:
730          (i) the costs of maintenance, construction, reconstruction, or renovation to state and
731     federal highways prioritized by the Transportation Commission through the prioritization
732     process for new transportation capacity projects adopted under Section 72-1-304;
733          (ii) the costs of maintenance, construction, reconstruction, or renovation to the highway
734     projects described in Subsections 63B-18-401(2), (3), and (4);
735          (iii) principal, interest, and issuance costs of bonds authorized by Section 63B-18-401
736     minus the costs paid from the County of the First Class State Highway Projects Fund in
737     accordance with Subsection 72-2-121(4)(e); and
738          (iv) for a fiscal year beginning on or after July 1, 2013, to transfer to the 2010 Salt
739     Lake County Revenue Bond Sinking Fund created by Section 72-2-121.3 the amount certified
740     by Salt Lake County in accordance with Subsection 72-2-121.3(4)(c) as necessary to pay the

741     debt service on $30,000,000 of the revenue bonds issued by Salt Lake County;
742          (v) principal, interest, and issuance costs of bonds authorized by Section 63B-16-101
743     for projects prioritized in accordance with Section 72-2-125;
744          (vi) all highway general obligation bonds that are intended to be paid from revenues in
745     the Centennial Highway Fund created by Section 72-2-118; and
746          (vii) for fiscal year 2013-14 only, to transfer up to $13,250,000 to the County of the
747     First Class State Highway Projects Fund created in Section 72-2-121 to be used for the
748     purposes described in Section 72-2-121.
749          (b) The executive director may use fund money to exchange for an equal or greater
750     amount of federal transportation funds to be used as provided in Subsection (4)(a).
751          (5) (a) Before bonds authorized by Section 63B-18-401 may be issued in any fiscal
752     year, the department and the commission shall appear before the Executive Appropriations
753     Committee of the Legislature and present the amount of bond proceeds that the department
754     needs to provide funding for the projects identified in Subsections 63B-18-401(2), (3), and (4)
755     for the next fiscal year.
756          (b) The Executive Appropriations Committee of the Legislature shall review and
757     comment on the amount of bond proceeds needed to fund the projects.
758          (6) The Division of Finance shall, from money deposited into the fund, transfer the
759     amount of funds necessary to pay principal, interest, and issuance costs of bonds authorized by
760     Section 63B-18-401 in the current fiscal year to the appropriate debt service or sinking fund.
761          Section 10. Section 72-2-125 is amended to read:
762          72-2-125. Critical Highway Needs Fund.
763          (1) There is created a capital projects fund within the Transportation Investment Fund
764     of 2005 known as the "Critical Highway Needs Fund."
765          (2) The fund consists of money generated from the following sources:
766          (a) any voluntary contributions received for the maintenance, construction,
767     reconstruction, or renovation of state and federal highways; and
768          (b) appropriations made to the fund by the Legislature.
769          (3) (a) The fund shall earn interest.
770          (b) Interest on fund money shall be deposited into the fund.
771          (4) (a) The executive director shall use money deposited into the fund to pay the costs

772     of right-of-way acquisition, maintenance, construction, reconstruction, or renovation to state
773     and federal highways identified by the department and prioritized by the commission in
774     accordance with this Subsection (4).
775          (b) (i) The department shall:
776          (A) establish a complete list of projects to be maintained, constructed, reconstructed, or
777     renovated using the funding described in Subsection (4)(a) based on the following criteria:
778          (I) the highway construction project is a high priority project due to high growth in the
779     surrounding area;
780          (II) the highway construction project addresses critical access needs that have a high
781     impact due to commercial and energy development;
782          (III) the highway construction project mitigates congestion;
783          (IV) whether local matching funds are available for the highway construction project;
784     and
785          (V) the highway construction project is a critical alternative route for priority Interstate
786     15 reconstruction projects; and
787          (B) submit the list of projects to the commission for prioritization in accordance with
788     Subsection (4)(c).
789          (ii) A project that is included in the list under this Subsection (4):
790          (A) is not required to be currently listed in the statewide long-range plan; and
791          (B) is not required to be prioritized through the prioritization process for new
792     transportation capacity projects adopted under Section 72-1-304.
793          (c) (i) The commission shall prioritize the project list submitted by the department in
794     accordance with Subsection (4)(b).
795          (ii) For projects prioritized under this Subsection (4)(c), the commission shall give
796     priority consideration to fully funding a project that meets the criteria under Subsection
797     (4)(b)(i)(A)(V).
798          (d) (i) Expenditures of bond proceeds issued in accordance with Section 63B-16-101
799     by the department for the construction of highway projects prioritized under this Subsection (4)
800     may not exceed $1,200,000,000.
801          (ii) Money expended from the fund for principal, interest, and issuance costs of bonds
802     issued under Section 63B-16-101 is not considered an expenditure for purposes of the

803     $1,200,000,000 cap under Subsection (4)(d)(i).
804          (e) (i) Before bonds authorized by Section 63B-16-101 may be issued in any fiscal
805     year, the department and the commission shall appear before the Executive Appropriations
806     Committee of the Legislature and present:
807          (A) the commission's current list of projects established and prioritized in accordance
808     with this Subsection (4); and
809          (B) the amount of bond proceeds that the department needs to provide funding for
810     projects on the project list prioritized in accordance with this Subsection (4) for the next fiscal
811     year.
812          (ii) The Executive Appropriations Committee of the Legislature shall review and
813     comment on the prioritized project list and the amount of bond proceeds needed to fund the
814     projects on the prioritized list.
815          (f) The Division of Finance shall, from money deposited into the fund, transfer the
816     amount of funds necessary to pay principal, interest, and issuance costs of bonds authorized by
817     Section 63B-16-101 in the current fiscal year to the appropriate debt service or sinking fund.
818          (5) When the general obligation bonds authorized by Section 63B-16-101 have been
819     paid off and the highway projects completed that are included in the prioritized project list
820     under Subsection (4), the Division of Finance shall transfer any existing balance in the fund
821     into the Rebecca D. Lockhart Transportation Investment Fund [of 2005] created by Section
822     72-2-124.
823          (6) (a) The Division of Finance shall monitor the general obligation bonds authorized
824     by Section 63B-16-101.
825          (b) The department shall monitor the highway construction or reconstruction projects
826     that are included in the prioritized project list under Subsection (4).
827          (c) Upon request by the Executive Appropriations Committee of the Legislature:
828          (i) the Division of Finance shall report to the committee the status of all general
829     obligation bonds issued under Section 63B-16-101; and
830          (ii) the department shall report to the committee the status of all highway construction
831     or reconstruction projects that are included in the prioritized project list under Subsection (4).
832          (d) When the Division of Finance has reported that the general obligation bonds issued
833     by Section 63B-16-101 have been paid off and the department has reported that projects

834     included in the prioritized project list are complete to the Executive Appropriations Committee
835     of the Legislature, the Division of Finance shall transfer any existing fund balance in
836     accordance with Subsection (5).
837          (7) (a) Unless prioritized and approved by the Transportation Commission, the
838     department may not delay a project prioritized under this section to a different fiscal year than
839     programmed by the commission due to an unavoidable shortfall in revenues if:
840          (i) the prioritized project was funded by the Legislature in an appropriations act; or
841          (ii) general obligation bond proceeds have been issued for the project in the current
842     fiscal year.
843          (b) For projects identified under Subsection (7)(a), the commission shall prioritize and
844     approve any project delays for projects prioritized under this section due to an unavoidable
845     shortfall in revenues if:
846          (i) the prioritized project was funded by the Legislature in an appropriations act; or
847          (ii) general obligation bond proceeds have been issued for the project in the current
848     fiscal year.
849          Section 11. Effective date.
850          This bill takes effect on July 1, 2016.






Legislative Review Note
     as of 2-25-15 10:01 AM


Office of Legislative Research and General Counsel