Current through the 2024 Fourth Special Session
Section 72-2-306 - Distribution of funds after repayment(1) Any money deposited into the fund from repayment of a loan or interest issued under this part shall be distributed as described in this section.(2) As the department receives repayment of a loan and interest issued under this part, the department shall distribute: (a) 50% of the money to Sandy, for a bridge connecting a commuter rail station on the west side of I-15 with the east side of I-15;(b) 30% of the money to Bluffdale, for construction of a multiple lane, grade-separated rail crossing at 1000 West and 14600 South; and(c) 20% of the money to the department, to construct and provide enhanced ingress and egress to a transit mobility center on property north of Big Cottonwood Canyon.Added by Chapter 501, 2024 General Session ,§ 14, eff. 7/1/2024.