72-2-120. Tollway Special Revenue Fund -- Revenue.

172 words·~1 min read·/ut/title-72/chapter-2/72-2-120

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/8/2018

(1)There is created a special revenue fund within the Transportation Fund known as the "Tollway Special Revenue Fund."

(2)The fund shall be funded from the following sources:

(a)tolls collected by the department under Section 72-6-118 ;

(b)funds received by the department through a tollway development agreement under Section 72-6-203 ;

(c)appropriations made to the fund by the Legislature;

(d)contributions from other public and private sources for deposit into the fund;

(e)interest earnings on cash balances; and

(f)money collected for repayments and interest on fund money.

(3)The Division of Finance may create a subaccount for each tollway as defined in Section 72-6-118 .

(4)The commission may authorize the money deposited into the fund to be spent by the department to establish and operate tollways and related facilities and state transportation systems, including design, construction, reconstruction, operation, maintenance, enforcement, impacts from tollways, and the acquisition of right-of-way.

Amended by Chapter 269 , 2018 General Session