| (5) |
| (a) | A highway authority may acquire real property or any interests in real property for state, county, and municipal transportation corridors subject to:
| (i) | money available in the fund to each county under Subsection (4); and |
| (ii) | the provisions of this section. |
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| (b) | Fund money may be used to pay interest on debts incurred in accordance with this section. |
| (c) |
| (i) |
| (A) | Fund money may be used to pay maintenance costs of properties acquired under this section but limited to a total of 5% of the purchase price of the property. |
| (B) | Any additional maintenance cost shall be paid from funds other than under this section. |
| (C) | Revenue generated by any property acquired under this section is excluded from the limitations under this Subsection (5)(c)(i). |
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| (ii) | Fund money may be used to pay direct costs of acquisition of properties acquired under this section. |
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| (d) | Fund money allocated and distributed under Subsection (4) may be used by a county highway authority for countywide transportation or public transit planning if:
| (i) | the county's planning focus area is outside the boundaries of a metropolitan planning organization; |
| (ii) | the transportation planning is part of the county's continuing, cooperative, and comprehensive process for transportation or public transit planning, transportation corridor preservation, right-of-way acquisition, and project programming; |
| (iii) | no more than four years allocation every 20 years to each county is used for transportation planning under this Subsection (5)(d); and |
| (iv) | the county otherwise qualifies to use the fund money as provided under this section. |
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| (e) |
| (i) | Subject to Subsection (11), fund money allocated and distributed under Subsection (4) may be used by a county highway authority for transportation corridor planning that is part of the transportation corridor elements of an ongoing work program of transportation or public transit projects. |
| (ii) | The transportation corridor planning under Subsection (5)(e)(i) shall be under the direction of:
| (A) | the metropolitan planning organization if the county is within the boundaries of a metropolitan planning organization; or |
| (B) | the department if the county is not within the boundaries of a metropolitan planning organization. |
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| (f) |
| (i) | A county, city, or town that imposes a local option highway construction and transportation corridor preservation fee under Section 41-1a-1222 may elect to administer the funds allocated and distributed to that county, city, or town under Subsection (4) as a revolving loan fund. |
| (ii) | If a county, city, or town elects to administer the funds allocated and distributed to that county, city, or town under Subsection (4) as a revolving loan fund, a local highway authority shall repay the fund money authorized for the project to the fund. |
| (iii) | A county, city, or town that elects to administer the funds allocated and distributed to that county, city, or town under Subsection (4) as a revolving loan fund shall establish repayment conditions of the money to the fund from the specified project funds. |
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| (g) |
| (i) | Subject to the restrictions in Subsections (5)(g)(ii) and (iii), fund money may be used by a county of the third, fourth, fifth, or sixth class or by a city or town within a county of the third, fourth, fifth, or sixth class for:
| (A) | the construction, operation, or maintenance of a class B road or class C road; or |
| (B) | the restoration or repair of survey monuments associated with transportation infrastructure. |
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| (ii) | A county, city, or town may not use more than 50% of the current balance of fund money allocated to the county, city, or town for the purposes described in Subsection (5)(g)(i). |
| (iii) | A county, city, or town may not use more than 50% of the fund revenue collections allocated to a county, city, or town in the current fiscal year for the purposes described in Subsection (5)(g)(i). |
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