72-2-201. Definitions.

317 words·~1 min read·/ut/title-72/chapter-2/72-2-201

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

Effective 5/6/2026

As used in this part:

(1)"Fund" means the State Infrastructure Bank Fund created under Section 72-2-202 .

(2)"Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure projects, including:

(a)capital reserves and other security for bond or debt instrument financing; or

(b)any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a public entity to finance transportation projects.

(3)"Infrastructure loan" means a loan of fund money to finance a transportation project or publicly owned infrastructure project.

(4)"Public entity" means a state agency, county, municipality, special district, special service district, an intergovernmental entity organized under state law, an independent entity as defined in Section 63E-1-102 , or the military installation development authority created in Section 63H-1-201 .

(5)"Publicly owned infrastructure project" means a project to improve sewer or water infrastructure that is owned by a public entity.

(6)"Transportation project":

(a)means a project:

(i)to improve a state or local highway;

(ii)to improve a public transportation facility or nonmotorized transportation facility;

(iii)to construct or improve parking facilities;

(iv)that is subject to a transportation reinvestment zone agreement in accordance with Section 63N-23-901 if the state is party to the agreement; or

(v)that is part of a housing and transit reinvestment zone created in accordance with Title 63N, Chapter 23, Part 2, Housing and Transit Reinvestment Zone;

(b)includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing; and

(c)may only include a project if the project is part of:

(i)the statewide long range plan;

(ii)a regional transportation plan of the area metropolitan planning organization if a metropolitan planning organization exists for the area; or

(iii)a local government general plan or economic development initiative.

Amended by Chapter 94 , 2026 General Session