Section 63A-3-402 - Infrastructure funds established - Purpose of funds - Use of money in funds(1) There are created, as enterprise revolving loan funds:(a) the inland port infrastructure revolving loan fund;(b) the point of the mountain infrastructure revolving loan fund;(c) the fairpark area development revolving loan fund; and(d) the military development infrastructure revolving loan fund.(2) The purpose of each infrastructure fund is to provide funding, through infrastructure loans, for infrastructure projects undertaken by a borrower.(3)(a) Money in an infrastructure fund may be used only to provide loans for infrastructure projects.(b) The division may not loan money in an infrastructure fund without the approval of: (i) the respective loan approval body; and(ii) the Executive Appropriations Committee of the Legislature, for a loan from the inland port fund, the point of the mountain fund, or the fairpark area development fund.Amended by Chapter 419, 2024 General Session ,§ 59, eff. 5/1/2024.Amended by Chapter 259, 2023 General Session ,§ 21, eff. 3/14/2023.Amended by Chapter 237, 2022 General Session ,§ 15, eff. 5/4/2022.Added by Chapter 415, 2021 General Session ,§ 17, eff. 5/5/2021.